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Jupiter has appointed two new analysts to its fixed income team. The new hires will have a specific focus on emerging markets, and will add significant support to Jupiter’s newly-established emerging market debt (EMD) strategy, led by Alejandro Arevalo.
Nachu Chockalingam joined Jupiter on 5 June 2017 from the Ontario Teachers’ Pension Plan where she was an Emerging Markets Corporates Portfolio Manager. Prior to this she spent 12 years at JP Morgan, starting in corporate finance before becoming an analyst covering European investment grade and high yield credit and then Emerging Markets credit.
Reza Karim joined Jupiter in early
- 07/06/2017
Following last month’s launch of Bloomberg Total Return Swaps (BTRS), Bloomberg has executed the first standardised Total Return Swap transaction on the Bloomberg Barclays Indices.
Standardised BTRS provide exposure to the widely used Bloomberg Barclays fixed income indices including the US & Global Aggregates, US Corporate (IG) and US High Yield Indices as a tool for clients operating in the credit space who are subject to margin, risk and post-trade capital requirements.
“As financial institutions are forced to reduce the amount of risk and large bond positions they carry, a number of our clients have expressed strong interest in
- 07/06/2017
Fiduciary and administration provider, Estera, has acquired the Heritage Financial Services Group (HFSG), an independent business providing third party fund administration, depositary, trust and corporate services in Guernsey, the UK and Malta.
The transaction is subject to regulatory approvals, following which the business will be rebranded under the Estera name. HFSG employs approximately 100 people across three jurisdictions and all employees will remain with the business and become part of the Estera team.
Farah Ballands (pictured), CEO of Estera, says: ‘We are delighted to welcome HFSG to the Estera family; a team with an excellent reputation in client service,
- 07/06/2017
- 07/06/2017
Independent global service provider JTC Fund Services has established a Guernsey-licensed Management Company (ManCo) as it continues to strengthen its European fund services proposition.
Through the new Guernsey ManCo, JTC is able to support fund managers with a broad range of services, including portfolio management, risk management, compliance, and regulatory reporting.
The move significantly bolsters JTC’s pan-European fund services capabilities and means that it is now able to offer Alternative Investment Fund Managers Directive (AIFMD) compliant ManCo services, both onshore and offshore, to Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs).


JTC’s Luxembourg
- 07/06/2017
- 07/06/2017
Hedge fund performance has been disparate across strategies in May, with event driven funds extending their winning streak (+0.7 per cent), fuelled by Merger Arbitrage which tends to perform well when bond yields fall, according to Lyxor.
In parallel, Macro strategies underperformed (-1.3 per cent), on the back of long positions on the USD and on hard commodities. The remaining hedge fund strategies (L/S Equity, CTA, Fixed Income Arbitrage) ended the month in the black, despite the poor showing of market neutral L/S equity funds (-1.3 per cent).
In its latest Weekly Brief, Lyxor writes: “In terms of positioning
- 07/06/2017
EEX Group has successfully implemented an initiative to move all C4TC positions to the equivalent C5TC positions, thereby closing all open interest in existing C4TC contracts.
In doing so, EEX Group has become the only exchange platform offering Dry Freight FFAs to facilitate this move and the first to close all C4TC open interest, thereby helping the industry to transition to the new liquid benchmark which in turn allows clients to run all Capesize positions from a single book.
The EEX Group initiative, which included a fee waiver to facilitate the transfer, comes as a result of an industry
- 07/06/2017
Specialist fund services provider Moore Management has achieved International Standard on Assurance Engagements (ISAE) 3402 Type II accreditation.
Building upon Moore’s previous level one accreditation, which was awarded to the business in 2015, this accolade marks the end of a large-scale project focused on further developing and aligning Moore’s operations in Guernsey, Jersey and the Isle of Man.
ISAE 3402 is a global assurance standard developed by the International Auditing and Assurance Standards Board (IAASB) for reporting on controls within a service organisation. The assurance report is issued by auditors to companies who are able to demonstrate that their
- 07/06/2017
Cordium, a provider of governance, risk and compliance services, has launched a solution to help firms adapt to the new requirements of the Criminal Finances Act, set go into effect in September 2017.
Introduced by HM Revenue and Customs, the new legislation is intended to prevent the facilitation of tax evasion in the UK and abroad. All UK business entities are within the scope of the changes and must take appropriate steps to prevent criminal activity.
To assist firms with this process, Cordium has developed a solution aligned with the six guiding principles that constitute a reasonable prevention defence,
- 06/06/2017
ABN AMRO Clearing Bank is to make Trading Technologies International’s (TT) trading platform available to its customers around the world.
ABN AMRO Clearing is already a distributor of TT’s legacy X_TRADER platform.
In the fourth quarter of 2017, professional traders who obtain software through ABN AMRO Clearing will have access to TT’s fully integrated suite of trading tools, including Autospreader, charting and analytics, block trading and TT Desktop, TT’s highest-performing user interface for complex workspaces that span across up to 16 monitors.
“We are pleased to offer ABN AMRO Clearing customers access to TT’s professional trading tools and enhanced
- 06/06/2017
Bats Europe (Bats) is to expand its European index franchise with the planned launch of 18 new regional European benchmark indices, which include the Bats Eurozone 50, Bats Nordic 40 and Bats Europe All Companies.
The new indices, which are planned to launch on 19 June 2017, bring further choice to the index market in Europe, providing investors and market participants with a real-time, high-quality, low-cost alternative to existing benchmarks. The indices have performed closely in line with comparable benchmarks and are designed and managed under the same set of consistent Bats’ rules used to create all of Bats’ benchmark
- 06/06/2017
- 06/06/2017
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