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Man Group has appointed Steven Desmyter as Head of Responsible Investment and Chair of Man Group’s Responsible Investment Committee.
This position recognises his instrumental role in developing and driving forward the firm’s responsible investment capabilities, in support of clients’ needs. Steven, who is member of Man Group’s Executive Committee and Head of Sales across EMEA, will also continue in his current role.
As Head of Responsible Investment, Steven will lead Man Group’s focus on serving its clients’ interest in incorporating environmental, social and corporate governance (ESG) considerations in the investment decision-making process. He will additionally Chair Man Group’s Responsible
- 20/06/2017
Hedge funds were up 0.33 per cent in May with 2017 year-to-date gains coming in at 3.28 per cent, according to the June 2017 EurekaHedge Report.
Investor appetite for hedge funds has picked up pace since the start of the year, with net inflows of USD39.0 billion for the year following redemptions of USD55.1 billion in 2016.
AUM for the North American hedge fund industry has reached a record high of USD1.55 trillion as of May 2017. Since the Trump win in November last year, North American mandates have recorded a growth in AUM of USD56.3 billion – USD39.5
- 20/06/2017
The Lyxor Hedge Fund index was about flat during the past week, according to the latest weekly brief from the Lyxor Cross Asset Research Team.
Lyxor says that CTAs lagged with losses concentrating in their long US and Canadian bonds, in their long CAD, as well as in their short soft commodities, while moves in other strategies were mild.
L/S Equity funds’ losses in growth and tech positions were offset by gains in financials. Returns among L/S neutral funds were heterogeneous. Neutral fundamental outranked quantitative approaches, which were caught by factors rotation. Event Driven funds were supported by the catch-up
- 20/06/2017
Abacus Group, a provider of hosted cloud IT solutions for alternative asset funds, has enhanced its Abacus Client Portal, which gives asset managers greater control of and transparency into their AbacusFLEX cloud services.
The enhancements include two new modules giving unprecedented transparency into managed services provided by Abacus; real-time, on-demand charts, and enhanced visibility into services associated with each user account. The Portal enables Abacus clients to routinely monitor the inventory of Abacus services they are using for security, compliance or billing purposes as well as manage their data storage costs.
“With these enhancements to the Abacus Client Portal,
- 20/06/2017
IHS Markit has formed a strategic alliance with Deloitte to address MiFID II regulatory challenges leveraging IHS Markit’s Outreach360 solution and Deloitte’s regulatory business advisory expertise via a managed service.
IHS Markit and Deloitte will offer customers a total solution for navigating MiFID II data standardisation, client outreach and counterparty terms of business repapering. Outreach360 provides a centralised tool to create, send and track status of regulatory client outreach communications while leveraging the existing network available on Counterparty Manager by IHS Markit. Deloitte brings a wealth of advisory consulting expertise including MiFID II knowledge along with a managed service capability
- 20/06/2017
The European Energy Exchange (EEX) and Power Exchange Centra Europe (PXE) have successfully migrated the contracts previously listed on PXE onto the EEX T7 platform.
The offering comprises cash-settled power futures for the Czech Republic, Hungary, Slovakia, Romania and Poland. The contracts are available with monthly, quarterly and yearly expiries. Until 16 June, a volume of 117,965 MWh was traded in the new prod- ucts, now listed under EEX’s rule book in the T7 system.
David Kučera says: “We thank our members for supporting us in the migration process. This transition means that now more than 200 EEX participants
- 20/06/2017
Financial technology group ayondo has expanded its product portfolio with the launch of Bitcoin trading, allowing its clients easy access to the price movement of Bitcoin without the need to open up an e-wallet to purchase bitcoin on the internet.
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
The digital currency has experienced rapid growth recently and can now be traded at ayondo via spread betting/CFD trading. Bitcoin is also available to signal providers
- 19/06/2017
- 19/06/2017
Beginning in 2018, Kempen has decided to cover external investment research costs as part of its strategy to comply with MiFID II. These costs however may still be passed on to clients under strict conditions.
MiFID II contains a provision that states that specific costs incurred for external investment research must be transparent and recognisable as such. The current practice is that trading and research costs are lumped together in a single fee, the commission that a client pays for a transaction. Separate pricing for external investment research, a move known in the industry as ‘unbundling’, should increase transparency in
- 19/06/2017
Intercontinental Exchange has reported a new daily volume record of 3.35 million contracts for the Three Month Sterling (Short Sterling) futures contract set on 15 June, 2017. The previous record was 2.89 million contracts set in June 2014.
On 13 June, ICE’s FTSE 100 Index futures contract traded over one million contracts for the first time since its launch in 1984, setting a new daily volume record of 1.14 million contracts. The previous record was 862,468 contracts set in March 2014.
The records follow an increased focus on the UK following the recent general election. In addition, despite no
- 19/06/2017
Just a decade ago, the cyber threat landscape was far less pronounced, but thanks to significant advances in IT, mobile technology and digital platforms, the threat of cybercrime has grown exponentially and poses risks across the global industry and for national critical infrastructure (power stations, hospitals, dams, financial services).
As managers in the financial services industry increasingly adopt digital technologies, they increase the number of attack surfaces and weakness points within their networks. As a fund manager introduces a new counterparty into their network, the exact increase in risk is unknown but it may likely be substantial.
“Unless you are
- 19/06/2017
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