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IHS Markit has launched the Emirates NBD Markit iBoxx USD Sukuk Index in collaboration with Emirates NBD, the Dubai-headquartered bank.
The index provides an objective and transparent benchmark for investors in USD sukuk (bonds that conform with Islamic finance norms).
It couples market knowledge from Emirates NBD with IHS Markit’s expertise in the provision of fixed income indices.
“The creation of the Emirates NBD Markit iBoxx USD Sukuk Index is an important and timely expansion of our global iBoxx family of bond indices,” says Aram Flores, managing director and co-head of Indices at IHS Markit. “In partnering
- 31/05/2017
Fintech company Red Deer and Convergex’s Westminster RPA are working together to provide an end-to-end MiFID II solution for the asset management industry.
Westminster Research Associates is a broker-dealer specialising in providing full-service custodial aggregation solutions and access to an extensive network of independent research to the institutional investment community. Convergex is an agency-focused global brokerage and trading related services provider.
Together, Red Deer and Westminster RPA will enable clients of both companies to benefit from a research valuation and payments process that allows asset managers to remove any scope for conflict by valuing and paying for research
- 31/05/2017
Global advisory and fund administration firm Maitland has appointed David Hathorn, until recently the CEO of FTSE 100 packaging and paper giant Mondi, to the firm’s board as a non-executive director.
Hathorn (pictured) will also act as chairman of the audit and risk committee of Maitland International Holdings.
The appointment comes amid a period of growth for Maitland, which recently expanded its reach to 17 offices globally. It follows the 2015 non-executive director appointment of Maureen Erasmus, an advisory partner at global management consultancy Bain & Company.
Hathorn career spans some 30 years, 25 of which were
- 31/05/2017
The US Commodity Futures Trading Commission (CFTC) has issued an order of registration to Eurex Zurich, a foreign board of trade (FBOT) in Switzerland, allowing the company to provide its identified members or other participants located in the US with direct access to its electronic order entry and trade matching system.
Eurex Zurich’s application for registration included representations that its regulatory regime under its regulatory authority, the Swiss Financial Market Supervisory Authority (FINMA), satisfies the requirements for registration under CFTC regulations.
After reviewing the FBOT’s application, the CFTC determined that Eurex Zurich has demonstrated its ability to comply
- 31/05/2017
Global independent fund administrator Apex Fund Services has become the first administrator to receive in principle approval from the ADGM to carry out regulated activity in the jurisdiction.
Under the in principle approval, the grant of financial services permission to act as the administrator of a collective investment fund in the ADGM is subject to final regulatory review of certain pre-conditions being fulfilled.
Having recently acquired Equinoxe Alternative Investment Services, with the backing of Genstar Capital, Apex has stepped up to be ranked one of the world’s top 15 largest fund administrators. The group was founded in 2003
- 31/05/2017
Hamilton Lane has appointed Leslie F Varon and David Berkman as independent directors on the firm’s board, effective 26 May 2017.
Varon has also been appointed chair of Hamiilton Lane’s audit committee.
“We are delighted to have Leslie and David join Griff Sexton as independent directors, thereby expanding the board to six members including our CEO Mario Giannini, myself, and Erik Hirsch, our vice chairman,” says Hartley Rogers, chairman of Hamilton Lane.
“As we continue to grow and serve our clients, we are committed to deepening our resources and furthering the spirit of innovation that has long existed at our firm,” says Giannini. “Leslie and
- 30/05/2017
Neuberger Berman has broadened its suite of alternative investment solutions with the launch of two UCITS funds employing collateralised index put writing strategies.
The Neuberger Berman US Equity Index PutWrite and Global Equity Index PutWrite funds seek to generate attractive risk-adjusted returns through the harvesting of premiums from selling put options on US and global equity indices, respectively, and the conservative investment of underlying collateral.
Volatility of this strategy is generally lower than the underlying equity indices as investors typically experience lower up market and down market capture than the underliers. Therefore, over time, this strategy aims to
- 30/05/2017
The Hedge Fund Standards Board (HFSB), the global standard-setting body for the alternative investment industry, has become co-chair of the Open Protocol Working Group.
The Open Protocol template standardises the collection and representation of risk information of hedge funds and other types of investment funds, and currently is used by funds with over USD1 trillion in assets under management.
Open Protocol, which is an open standard which all investors and managers are free to adopt, will be added to the HFSB Toolbox. The Toolbox complements the HFSB’s standard-setting activities by providing additional guidance on practical issues to managers,
- 30/05/2017
Citi is to sell its fixed income analytics and index businesses to London Stock Exchange Group (LSEG) for a total cash consideration of USD685 million, subject to customary adjustments.
The transaction includes Citi’s fixed income analytics platform, The Yield Book, and Citi Fixed Income Indices which include the World Government Bond Index (WGBI).
Subject to regulatory clearance and other customary closing conditions, the transaction is anticipated to close in the second half of 2017.
Citi made the decision to divest the businesses following a strategic review process. Citi believes that LSEG is a partner that will optimise
- 30/05/2017
Alternative investment fund manager SQN Capital Management has appointed Dawn Kendall as managing director of SQN Asset Management Ltd, the UK manager of the SQN Secured Income Fund (LSE-SSIF).
Kendall joins SQN from TwentyFour Asset Management where she was a partner, portfolio manager and a member of the executive committee.
She started her career at SG Warburg (now UBS), and has since held senior investment and management positions at Newton, Axa (Architas), and Investec Wealth & Investment as well as at TwentyFour.
Her primary specialism is fixed income with an extensive background in investment trusts, structured finance, product development, marketing, risk, derivatives
- 30/05/2017
- 30/05/2017
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