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The Liquidity Conundrum – As we start 2017, it is clear that institutional investors and asset managers alike are faced with a very real challenge in terms of managing, maintaining and continually assessing portfolio liquidity. With an ever-increasing search for yield, investors must consider the implications of less liquid investments, their ability to raise cash if needed, and how to manage excess cash..
There are several factors bringing this subject into sharp focus, from continued low/negative interest rates around the globe, to new regulations such as the central clearing of derivatives and the Basel Committee on Banking Supervision’s Basel III accord.
- 19/05/2017
- 19/05/2017
The value of funds being administered in Jersey rose to a record level at the end of 2016, the latest figures published by the jurisdiction’s financial regulator show.
In the final quarter of 2016, the total value of funds being serviced through Jersey rose by 15 per cent over the year to stand at GBP260 billion (USD335 billion), the highest value ever recorded.
This growth was driven by the alternative asset classes, which increased annually by the same proportion to GBP189.2 billion (USD243.8 billion), representing almost three quarters (73 per cent) of Jersey’s total funds activity.
Within
- 19/05/2017
Client collateral deposits at Saxo Bank, the online multi-asset trading and investment firm, have exceeded DKK100 billion – a record high.
2016 was marked by a number of high profile political events, namely the UK EU referendum on 23 June and the US election on 8 November.
With a total of 490,000 client trades on 9 November 2016, the day after the US election, Saxo Bank reached a new record in trading activity.
With the French election on 7 May and the upcoming UK election on 8 June 2017, there continue to be events that demand attention
- 19/05/2017
The SS&C GlobeOp Forward Redemption Indicator for May 2017 measured 3.08 per cent, up from 2.41 per cent in April.
“Taking into account seasonality, SS&C GlobeOp’s Forward Redemption Indicator for May 2017 of 3.08 per cent continues this year’s favourable trend in redemptions, as it represents a sharp decline from the 4.38 per cent reported a year ago for May of 2016, as well as compared to historical averages for the month of May,” says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
“This is the fourth consecutive month of year-over-year gains for the Forward Redemption
- 19/05/2017
Ivy Investment Management Company (IICO) has partnered with sub-adviser firm PineBridge to launch the Ivy PineBridge High Yield Fund.
The fund is managed by IICO and sub-advised by PineBridge Investments, a firm with more than USD80 billion in assets under management.
The new fund seeks to provide total return through a combination of high current income and capital appreciation, primarily by investing in a diversified portfolio of high-yield, high-risk fixed income securities from both US and foreign issuers.
This fund joins the Ivy High Income Fund as an investment option offered by the firm in the high-yield
- 19/05/2017
Hedge funds gained 0.69 per cent in April, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
After four consecutive profitable months, the index is now up 3.71 per cent in 2017.
This is the best start since 2013 when the Barclay Hedge Fund Index gained 4.74 per cent through April, and also began the year with four profitable months in a row. Over the past 14 months, the index has had 12 months of gains, and only two losses.
Fourteen hedge fund indices had gains in April. The Technology Index was up 1.91 per cent,
- 19/05/2017
Conquest Capital’s Conquest STAR UCITS Fund, a systematic absolute return trading strategy, has launched on ML Capital’s MontLake UCITS Platform.
MontLake is an independent platform for UCITS funds that provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
Conquest STAR is a pure alpha, short-term systematic trading strategy. The programme has been designed to capture independent alpha from short-term trading opportunities regardless of the risk environment in both “risk-seeking” and “risk-averse” regimes. The fund uses four sub-strategies employing dozens of models to dynamically allocate risk based on the Conquest Risk
- 18/05/2017
Financial industry professionals expect to see a significant increase in financial services companies either re-domiciling to other EU financial services centres or opening new subsidiaries there over the next three years.
That’s according to research from international asset management group MPG and the public relations firm Citigate Dewe Rogerson, which reveals that 83 per cent say this will be fuelled by Brexit and UK financial services companies wanting to ensure access to the EU.
This is followed by 54 per cent who see Chinese financial services companies becoming stronger and wanting to expand more into Europe, and 37
- 18/05/2017
The demand for infrastructure funds remains evidently strong. Last year, these vehicles raised USD62.9 billion in aggregate based on figures provided by Preqin*. In Q1 2017, that number had already reached USD29.5 billion; nearly twice the amount raised in Q1 2016 (USD16 billion).
“We’ve seen increasing interest in infrastructure deals, both listed and unlisted,” states Michael McCabe (pictured), Head of US Sales, MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group. “The number of deals in Q1 2017 for the US totalled USD50 billion and was fairly concentrated in the energy sector; natural resources, utilities, power
- 18/05/2017
Infrastructure has become a key area of focus for institutional investors as they look to diversify their fixed income portfolios to access longer term, resilient credit opportunities for income-like returns. Within this asset class, infrastructure debt is on the rise as investment managers look to construct new debt vehicles: either to provide direct lending to infrastructure operators, to access well-established municipal bond markets, or to structure their own private lending programmes by issuing tranches of unlisted bonds.
Last September, Schroders established a new infrastructure finance capability designed specifically to help institutional investors access the asset class.
Commenting on infrastructure finance
- 18/05/2017
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