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Kempen Capital Management (Kempen) has appointed Michel Iglesias del Sol (pictured), as Head of Investment Strategy, and a member of the management team, for the firm’s Client Solutions’ team.
In his new position, Iglesias del Sol will be responsible for defining strategic and dynamic asset allocation advice, while also being involved in research of innovative investment topics.
Iglesias del Sol’s previous roles includes Head of Investments and a member of the board at Willis Towers Watson Netherlands – and brings with him a wealth of experience and knowledge of the pensions industry as well as in asset liability management,
- 22/06/2017
GPP has formed a joint venture with Edgefolio to provide a Capital Introduction service to its prime brokerage clients. Edgefolio’s platform connects investors and hedge funds, creating technology-driven solutions for a traditionally conservative and fragmented industry.
Sean Capstick (pictured), GPP Head of Prime Brokerage, says: “As the leading provider of prime brokerage services to the small and mid-sized hedge fund we are constantly asked how we can work with our clients to help them raise assets. Edgefolio offers a market-leading technology solution to connect investors and fund managers. Our partnership will now help our clients achieve their ambitions.”
Leopold Gasteen, Founder
- 22/06/2017
Velocity Trade, an equity, foreign exchange and precious metals broker dealer, has opened a new office in Johannesburg.
“Our Cape Town office was established in early 2011 and has grown substantially over the last 6 years in line with our South Africa business. The Johannesburg office will support the firm’s growth plans in the region as we broaden our product offering,” says Simon Grayson, Velocity Trade Group CEO.
“Our Johannesburg operation will enable us to provide local service to our clients and support the roll out of new product lines to both local and international clients,” says Daniel
- 22/06/2017
- 22/06/2017
The US CFTC has issued an Order of Registration (Order) to Dubai Mercantile Exchange Limited (DME), a Foreign Board of Trade (FBOT) located in the Dubai International Financial Centre of the United Arab Emirates, allowing DME to provide its identified members or other participants located in the US with direct access to its electronic order entry and trade matching system.
DME previously offered direct access to US participants in accordance with CFTC Letter 07-06. According to CFTC regulation 48.6, this no-action letter is automatically withdrawn with the issuance of the DME Order.
DME’s application for registration included representations that
- 22/06/2017
A new survey by RSRCHXchange shows a significant slippage in terms of timing for MiFID II compliance, with the vast majority of asset managers leaving this until Q4 or later, despite the regulations coming onto effect in January 2018.
In Q2 2016, just over 50 per cent of respondents expected to be MiFID II compliant during the last quarter of 2017 or early 2018. Half-way through 2017, this number has grown, with 85 per cent of respondents, who knew their compliance date, expecting to become compliant by Q4 or later.
That’s not to say that funds haven’t begun the
- 22/06/2017
Melqart Asset Management, a London-based alternative investment management firm, has implemented Watson Wheatley’s iRecs reconciliation solution.
Specialists in securities reconciliation, Watson Wheatley have used their own in-house implementation team to interface with Bloomberg AIM and external data sources to provide a comprehensive daily solution. The fully automated system allows total control and remediation of daily breaks as well as comprehensive integrity checking of position and cash movements against underlying transactional data.
James Austin, Head of Operations at Melqart Asset Management, says: “iRecs has become an integral part of our control environment, replacing existing manual processes and enabling us to
- 22/06/2017
OpenFin has appointed Paul Walker (pictured), former co-head of Technology for Goldman Sachs, to the firm’s Board of Directors. The newest board member joins six other financial industry leaders in helping to provide guidance and insight to a pioneering company focused on the underpinnings of technology in capital markets.
At Goldman Sachs, Walker most recently served in a senior technical role as co-head of the Technology Division. He joined Goldman Sachs in 2001, and during his career led many of Goldman’s efforts in risk, analytics, clearing and systems architecture. Paul is an active philanthropist, working with organisations that provide opportunity
- 22/06/2017
- 22/06/2017
Charles River Development has certified Luminex Trading & Analytics as a sweep partner for the Charles River Investment Management Solution (Charles River IMS).
The integrated offering enables the firms’ mutual clients to improve access to liquidity while reducing trading costs and minimising market impact.
Luminex subscribers using Charles River’s multi-asset Order and Execution Management System (OEMS) now have automatic access to Luminex’s pool of buy side only block liquidity. With the integration, traders can work more efficiently by relying on Luminex to sweep their trade blotter and continuously match and execute trades. In the most recent FINRA block trading
- 22/06/2017
For the first time in several years, investors have begun expressing an interest in opportunities in Asia, according to Agecroft Partners.
The firm says that investors have shared increasing concerns about the high valuations of both the US equity and fixed income markets (pushed further by the Trump rally in the US equity markets). In addition, as many US and European based managers’ performance has lagged, investors have looked to diversify their portfolios and enhance returns. Evidence of asset flows into a strategy or region usually takes about 9 to 12 months to materialise due to the lengthy due diligence period
- 22/06/2017
Hedge funds returned an average of 0.21 per cent in May 2017, and aggregate returns are +3.20 per cent YTD in 2017, according to eVestment’s Hedge Fund Industry Asset Flow Report for May 2017.
May performance was led by funds focused on corporate capital structures, while commodity and currency funds continue to be the primary drag on industry performance.
Asset flows for the month stood at USD10.52 billion for the month, bringing YTD flows to USD23.32 billion. Total industry AUM sits at USD3.130 trillion, with multi-strategy, directional credit and macro funds seeing strong investor interest.
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- 22/06/2017
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