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The question on all of our minds: “What impact will the Trump administration have on the hedge fund industry?”

By Ron Geffner (pictured), Sadis & Goldberg – With the Trump administration in the White House, regulatory uncertainty permeates the financial services industry. While many on Wall Street are very excited by the Trump presidency, others are approaching this new era with trepidation. President Trump is unpredictable in many ways and the industry eagerly awaits his actions hoping that the financial markets do not respond negatively and create chaos in the global marketplace. While we should expect that the Trump administration will aim to cut back financial regulation implemented during the last eight years, it is unrealistic that these

31/01/2017

The question on all of our minds: “What impact will the Trump administration have on the hedge fund industry?”

31/01/2017

Nasdaq reports record revenues in Q4 2016

Nasdaq has reported record fourth quarter 2016 net revenues of USD599 million, up USD63 million or 12 per cent from USD536 million in the prior year period, driven primarily by a USD54 million positive impact from acquisitions. Organic growth in non-trading segments was 5 per cent as compared to the fourth quarter of 2015. "As Nasdaq's new CEO, I'm excited to have the privilege to lead one of the best businesses in the world as we pursue our mission to help our clients more efficiently and effectively navigate the global capital markets," says Adena Friedman (pictured), president and CEO,

31/01/2017

Nasdaq reports record revenues in Q4 2016

31/01/2017

European restructurings predicted to hit next peak in 2017

The volume of European restructurings is expected to hit its next peak in 2017, according to a survey by Debtwire in conjunction with independent investment bank Greenhill and law firm Orrick. The study, for Debtwire Europe’s 13th European Distressed Debt Market Outlook, canvassed the opinion of 130 European hedge fund managers, distressed debt investors and private equity professionals and provides insight into their expectations for the European distressed debt market in 2017 and beyond. “2016 proved to be another challenging year for the restructuring community, mostly as a result of a continued slim pipeline of workouts and distressed opportunities,”

31/01/2017

European restructurings predicted to hit next peak in 2017

31/01/2017

Lombard Odier IM launches Event Driven Convexity strategy

Lombard Odier Investment Managers has expanded its alternatives range with the launch of the 1798 Event Convexity Strategy, as part of its initiative to offer structurally convex strategies that have asymmetric risk/return profiles. The launch, with over USD100 million of committed capital, follows the launch of the 1798 Credit Convexity Strategy in early November 2016. The 1798 Event Convexity Strategy, managed by Christophe Thomas, portfolio manager, focuses on building deeply asymmetric risk profiles around events using intra-capital structure dislocations. The investment approach enhances traditional fundamental event driven analysis with the convexity available from the combination of equities, credit and

31/01/2017

Lombard Odier IM launches Event Driven Convexity strategy

31/01/2017

FiREapps appoints MD of product management

FiREapps, a provider of currency sensitive analytics for multinational corporations, has promoted Malcolm Cummings to managing director, product management. Among other responsibilities, Cummings will lead FiREapps' new Cash Flow Exposure Management solution. Cummings joined FiREapps in 2016, with 20 years of management experience in financial markets and technology. Most recently, he was product manager for Deutsche Bank's currency and global markets ecommerce products. "Malcolm has been a great addition to the FiREapps team. When he joined the team last year he immediately took on a leadership position that resulted in the new product. His drive, talent, and currency

31/01/2017

FiREapps appoints MD of product management

31/01/2017

Fund managers need to be alert to successfully navigate a hard Brexit

Bill Prew (pictured), CEO of Indos Financial, the independent depositary firm, writes that the UK government has finally revealed its Brexit position. “Any chance of a soft Brexit or retained membership of the Single Market has apparently been removed. The UK will almost certainly pull out of the Single Market although some hope policymakers will negotiate a transitional arrangement to avoid a cliff-edge Brexit. “The risk of a cliff-edge Brexit – that is an abrupt UK departure from the EU with no interim set-up – is something service providers and fund managers need to be awake to. Nonetheless, a cliff-edge

31/01/2017

Fund managers need to be alert to successfully navigate a hard Brexit

31/01/2017

Carey Olsen adds to Singapore office team

Andrew Tually, counsel at international offshore law firm Carey Olsen, has joined the firm's Singapore office as a result of increasing demand for its corporate and finance legal services and rapid growth in Asia. This follows the firm's launch in Singapore in October 2015 – with a focus on finance and corporate transactions including capital markets, mergers & acquisitions and alternative investment funds – and the opening of a Hong Kong office in November 2016. Ben Morgan, partner in Carey Olsen's Guernsey office, says: “We’ve experienced strong growth in Asia in recent months. With offices in Singapore and Hong

31/01/2017

Carey Olsen adds to Singapore office team

31/01/2017

Weather risk accounts for USD56bn in untapped wind asset values worldwide, says GCube

Failure to efficiently transfer weather risk has left wind energy stakeholders across the globe with untapped asset values totalling an estimated USD56 billion, according to renewable energy underwriter GCube Underwriting Ltd. In a new report entitled Gone with the Wind: An Asset Manager’s Guide to Mitigating Wind Power Resource Risk, GCube outlines the scale of the threat posed by resource underperformance to wind energy operators and investors around the world. Well-documented recent wind speed lulls in established markets such as North America, Europe and Australia – often triggered by unforeseen and widespread climatic phenomena – have affected the ability of

31/01/2017

Weather risk accounts for USD56bn in untapped wind asset values worldwide, says GCube

31/01/2017

Torstone partners with Unavista to provide MiFIR reporting solution

Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, is to connect to London Stock Exchange Group’s UnaVista Approved Reporting Mechanism (ARM). The service will allow users of Torstone’s new InfernoRC (Regulatory Compliance) module to comply with the transaction reporting obligations of the Markets in Financial Instruments Regulation (MiFIR). Inferno clients will be able to fulfil all of their transaction reporting requirements by sending data through Inferno and into UnaVista’s ARM. UnaVista will be connected to all required National Competent Authorities (NCAs) in Europe so firms will be able to address all the

31/01/2017

Torstone partners with Unavista to provide MiFIR reporting solution

31/01/2017

Pharma M&A to boost event driven hedge fund returns, says Lyxor

The Lyxor hedge fund index was up 0.5 per cent last week, with CTAs and global macro managers outperforming, according to Lyxor’s latest weekly brief. Fixed income arbitrage managers also did well, in a context where rates implied volume has remained elevated since the Republican victory at the US election. On a negative note, event driven underperformed. Positions on Rite Aid, a retail pharmacy chain targeted by Walgreens Boots Alliance, contributed negatively to performance on the back of anti-trust concerns. According to Lyxor though, another mega merger in the pharma sector is set to boost event driven performance.