Latest News
The Neuberger Berman Large Cap Value Fund institutional class generated a 28.48 per cent return for the 2016 calendar year, ranking in the first percentile of Morningstar's Large Value Category (out of 1,268 funds), and outperforming the Russell 1000 Value Index by over 1,100 basis points.
The fund's institutional class returns were 7.87 per cent for the three years and 14.11 per cent for five years ended 31 December 2016 placing it in the 27th (out of 1,088 funds) and 26th (out of 934 funds) percentiles respectively.
Eli Salzmann, the fund's portfolio manager, uses a value-investing discipline with a
- 02/02/2017
In January 2017, the European Energy Exchange (EEX) reached a volume of 291.1 TWh on its power derivatives markets (January 2016: 332.4 TWh).
At 658,271 GWh, volumes in the Dutch market have more than tripled compared to the previous year (January 2016: 160,302 GWh). In the Swiss power derivatives market, volumes increased by 37 per cent to 707,826 GWh (January 2016: 515,380 GWh). Trading in power options increased by 28 per cent to 16.0 TWh (January 2016: 12.5 TWh).
The January volumes comprised 152.3 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European
- 02/02/2017
The Depository Trust & Clearing Corporation (DTCC) has appointed Ann Shuman, DTCC managing director and deputy general counsel, as general counsel, effective 1 February 2017.
Shuman (pictured) assumes the position from Larry Thompson, who is stepping down to serve full-time as vice chairman of DTCC. Thompson, who was appointed vice chairman in 2015, will continue to lead DTCC’s public policy engagement with key regulators and lawmakers globally, serve as a senior to the firm and act as a chief spokesperson.
As general counsel, Shuman will be responsible for advising senior management and the DTCC board of directors on legal
- 02/02/2017
- 02/02/2017
Old Mutual Global Investors (OMGI), part of Old Mutual Wealth, has launched the Old Mutual Systematic Positive Skew Fund, targeting sophisticated institutional investors.
The Irish-domiciled Qualified Investor Alternative Investment Fund (QIAIF) is the latest alternative launch from OMGI addressing the demands of institutional investors for funds offering uncorrelated absolute returns, designed to counterbalance the severe volatility within equity and bond markets.
OMGI currently manages over USD8.7 billion in the liquid alternatives space.
The launch is designed to meet the demand from sophisticated investors for a higher volatility alternative strategy that complements OMGI’s existing range.
The long/short fund
- 02/02/2017
BT has signed an agreement to acquire IP Trade, a provider of unified communications and collaboration solutions for trading floor environments and command-and-control dispatch centres.
Completion of the deal is subject to certain conditions, including regulatory clearance, and is expected to complete in the first quarter of 2017.
The acquisition is underpinned by BT’s Cloud of Clouds portfolio strategy and underlines its continued investment in voice trading and turret solutions.
BT says customers will benefit from optimised cost of ownership, flexible cloud-based deployment options and operational agility, and will be better able to meet demanding regulatory compliance obligations,
- 01/02/2017
- 01/02/2017
Chicago Board Options Exchange (CBOE) has launched the CBOE S&P 500 Range-Bound Premium Income Index, which is designed to serve as a benchmark for investors aiming for consistent income distributions while taking the view that short-term equity returns will be range-bound.
The CBOE S&P 500 Range-Bound Premium Income Index measures the performance of a hypothetical portfolio of short-term Treasury bills and exchange-traded Flexible Exchange (FLEX) options based on the S&P 500 Index (SPX). The index strategy is designed to deliver consistent monthly income distributions that have low correlations to returns from US domestic fixed-income markets and are neutral to the
- 01/02/2017
EBS BrokerTec, a NEX Group business which provides electronic trading technology and services, has enhanced its EBS Live Ultra data feed, providing spot foreign exchange (FX) data at 5 millisecond intervals.
Launching the fastest FX live streaming data feed available from a primary FX market venue, EBS BrokerTec aims to increase market transparency and help clients to trade as efficiently as possible.
Last year EBS BrokerTec launched EBS Live Ultra with two data publication intervals – 100ms and 20ms – with the intention that the faster service will be available to all market participants that meet certain trading criteria,
- 01/02/2017
Guernsey is marking the the 20th anniversary of the introduction of its Protected Cell Company (PCC) Ordinance on 1 February 1997, providing the island’s captive insurance sector with the first cell company legislation of its kind anywhere in the world.
The subsequent success of this innovation is illustrated by the fact it is now used across the financial services world as an alternative application for the structuring of many different types of products.
Aon’s White Rock Insurance Company PCC Limited, which was established in Guernsey in 1997 as the first PCC in the world, has now been used by
- 01/02/2017
- 01/02/2017
The Japan Exchange Group (JPX) has taken a minority stake in OpenGamma, a provider of derivatives risk analytics.
The JPX investment follows an earlier USD13.3 million round of institutional investment in October 2016, which included Accel Partners, NEX (formerly known as ICAP), Euclid Opportunities and ex-SunGard CEO Cristóbal Conde.
This fundraising positions OpenGamma for rapid expansion as it seeks to provide an objective view of the all-in costs for derivatives users, helping the sell-side to minimise their balance sheet usage and the buy-side with the information they need to make smarter counterparty decisions.
"JPX has an established tradition
- 01/02/2017
- 01/02/2017
Mourant Ozannes has appointed six partners across the business, bringing the offshore law firm's total number of partners to 59.
The firm has appointed lawyers Claire Fulton, Alistair Horn and Jon Woolrich in its corporate and finance practice.
It has also appointed professionals from outside the law to the partnership: chief operating officer Keith Pearse, and managing director of corporate services Ed Fletcher.
Funds and corporate partner Frances Watson has also been hired.
Mourant Ozannes global managing partner Jonathan Rigby (pictured) says: "Claire, Alistair, Jon, Keith and Ed are all making an exceptional contribution to our business
- 01/02/2017
- 01/02/2017
Special Reports
FeatureD
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
