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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
IPC Systems, a provider of communications and networking solutions for the financial markets community, is collaborating with OneAsia, a provider of connectivity, data centre, managed cloud and technology infrastructure services in Asia, to equip investors with the connectivity and technology for participation in the Chinese financial markets.
“IPC has a strong presence in the Chinese financial markets,” says David Dodd, SVP and managing director, Asia-Pacific, IPC. “Our relationship with OneAsia allows us to provide IPC’s global community with connectivity to the growing Chinese capital markets with both domestic and international connectivity solutions.”
Via the partnership, the IPC Financial
- 18/05/2017
Elsen, a platform-as-a-service company for large financial institutions, is to support the launch of QA Point, a new Thomson Reuters product built on its cloud-based platform, in the Asia Pacific region.
QA Point, the first commercially available product built on the Elsen nPlatform, was introduced to the North American market in May.
As a result of positive feedback in North America, Thomson Reuters has accelerated its launch across Asia, introducing the product months ahead of schedule.
“We’ve been able to accomplish some major feats with Thomson Reuters in a relatively short period,” says Zac Sheffer (pictured), founder
- 18/05/2017
Maitland, the global advisory and fund administration firm, has acquired Edinburgh based R&H Fund Services Limited from Jersey-based fund administrator R&H Fund Services (Jersey) Limited.
The move is the latest chapter of a period of global expansion for Maitland, following the acquisition of UK-based Phoenix Fund Services and the opening of offices in Miami and New York.
R&H’s Edinburgh office is primarily focused on the investment trust sector and currently service eight funds, representing a total assets under administration of approximately GBP2 billion (bringing Maitland’s total AuA worldwide to over GBP220 billion).
The deal will allow the
- 18/05/2017
- 18/05/2017
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