Latest News
HSBC Securities Services (HSS) has been mandated as custodian and fund services provider by US-based asset manager DoubleLine Capital for its new Luxembourg UCITS umbrella.
The new umbrella has initially launched with two sub funds, with potential further sub funds being introduced in 2017, and is aimed at allowing DoubleLine to mirror successful strategies it has in the US and market those to European investors.
Carol Hughes, head of client services, securities services, HSBC in Luxembourg, says: “We are delighted through the expertise we have in administering Luxembourg UCITS funds to be able to support DoubleLine as they expand
- 05/05/2017
Hedge funds investing in emerging Asia, specifically in India and China, posted the strongest quarterly performance since Q2 2015, benefitting from improving investor expectations for global growth and favourable currency market trading in Q1 2017.
That’s according to the latest HFR Asian Hedge Fund Industry Report which reveals that the HFRX India Index surged 19.05 per cent in Q1, its strongest quarterly gain since 2Q09, and topping Indian equity performance, as measured by the BSE Sensex 30 Index, by 780 basis points, leading all HFR indices for the quarter.
Despite the strong performance, total capital invested in Asian-focused hedge
- 05/05/2017
RIXML.org has created an Interactions Working Group that brings buy-side, sell-side and vendor firms together to create an open standard for capturing the inter-firm interactions required under the second Markets in Financial Instruments Directive (MiFID II).
This new open standard is designed to facilitate the process of capturing the data necessary to comply with MiFID II’s requirements for paying for advisory services.
The Interactions Working Group, consisting of representatives from numerous RIXML.org member firms, has already spent a great deal of time determining exactly what information needs to be captured for each inter-firm interaction. It is now working to
- 04/05/2017
Pryor Cashman has added partner Anthony Schouten (pictured) to the firm’s investment management group.
Based in New York, Schouten (pictured) maintains an integrated corporate practice with a focus on structured finance and derivatives. He joins the firm from Winston & Strawn, where he was a partner.
“We are committed to providing the highest quality, end-to-end service for our clients, and Anthony’s unique skillset perfectly complements our current offerings and builds upon the talents of our team. He is highly respected in the field and we are thrilled to welcome him to the firm,” says Ronald H Shechtman, Pryor Cashman’s
- 04/05/2017
The European Energy Exchange (EEX), part of Deutsche Börse Group, has closed on its acquisition of Nodal Exchange.
Through this acquisition, EEX Group enters the North American energy trading markets, thereby expanding its global presence and membership base in line with its growth strategy.
“With the acquisition of Nodal Exchange we are taking the next step towards our vision of EEX Group as a global commodity exchange,” says Peter Reitz (pictured), chief executive officer of EEX.
“Nodal Exchange has enjoyed significant growth in recent years and we are very excited to build on this as part of EEX
- 04/05/2017
- 04/05/2017
Eze Software Group has enhanced its Eze Portfolio Accounting module with a Reconciliation Summary dashboard.
The tool provides a view of all reconciled and unreconciled positions, transactions and cash balance grids to help funds better automate the reconciliation process and lower collateral risk. Additionally, Eze has bolstered its fund accounting expertise.
The Reconciliation Summary dashboard is one of many features of Eze Portfolio Accounting aimed at making reconciliations simpler, easier and more accurate. Users can view all of their reconciled and unreconciled positions by fund and custody account, and filter the information further by fund and currency. The dashboard
- 04/05/2017
Cohen & Steers is to launch the Cohen & Steers SICAV Global Preferred Securities Fund as part of its Luxembourg UCITS platform on 15 May 2017.
Cohen & Steers has been investing in the preferreds market for more than a decade; its US-based Cohen & Steers Preferred Securities and Income Fund is the largest actively managed preferred securities fund in the world.
“The launch of the fund is the latest step in Cohen & Steers’ commitment to bringing our core competencies in alternative income and real assets to European and other investors worldwide,” says Robert Steers, the firm’s chief
- 04/05/2017
Hedge funds must establish themselves as solid brands especially in a crowded marketplace, according to Vincent Au, the portfolio manager at New York-based hedge fund management firm Gondor Capital Management.
He believes this is more important for start-up hedge fund managers and smaller funds who must recognise that their brand is their most valuable asset.
“There are more than 15,000 hedge funds crowding the marketplace across the globe offering different strategies but targeting almost the same investors,” says Au. “With the number of requests for meetings, presentations, phone calls, emails, etc from investment managers, hedge fund investors are getting
- 04/05/2017
A record high of 251 fundraising and marketing professionals were hired by alternative asset management firms in the first quarter of 2017, according to data from the Context Jensen Partners’ Q1 2017 newsletter.
Context Jensen Partners (CJP) is a global corporate advisory and executive search firm that recruits capital raising talent for alternative investment managers.
“There is perhaps no better evidence that the industry has come of age than the number of senior professionals now working in a variety of distribution roles,” says Sasha Jensen (pictured), founder and CEO of Context Jensen Partners. “We view the record number of
- 04/05/2017
Invast Global has partnered with Lucid Markets, adding the world’s first non-bank FX market maker to its PurePrime platform which now offers over 20 unique FX and metals liquidity providers.
The suite of non-bank market-makers Invast Global has assembled within the PurePrime facility includes Citadel Securities, XTX Markets and Virtu Financial.
It allows clients without direct Tier 1 PB relationships to access the liquidity provided by non-bank market-making giants.
Offering a tailored solution for institutional clients, brokerages, hedge funds and sophisticated traders, PurePrime offers access to disclosed bank, non-bank and ECN liquidity via multiple trading GUIs or API,
- 04/05/2017
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