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MSCI has appointed David Zhang has head of securitised products research, a newly created role.
Zhang, who previously headed modelling of securitised products at Credit Suisse, will oversee MSCI’s development of models that help traders, portfolio managers and other institutional investors analyse risk and return for securitised products.
“David Zhang is among the top fixed income modellers in the financial industry,” says Remy Briand, MSCI’s global head of research. “We are thrilled to welcome him to MSCI.”
In 11 years at Credit Suisse, Zhang designed models for measuring risk to mortgages from factors such as prepayment, volatility, home
- 17/01/2017
The team behind alternative investments platform CoInvestor have launched an online service, EISWallet.com, allowing investors and their financial advisers to record and manage all of their Enterprise Investment Scheme (EIS) and unlisted investments digitally.
The service, which is free to use and currently in beta phase, aims to take the hassle out of managing income tax relief as well as any capital gains implications from investing in EIS and other unlisted investments.
Instead of trawling through paperwork as the self-assessment tax return looms, investors can store details of their investments and upload share and EIS certificates to their EIS
- 17/01/2017
Apex Fund Services has completed its global implementation of Metrosoft’s compliance software, Fundsphere Compliance TA.
The Fundsphere platform is designed to meet the complex requirements of today’s transfer agent.
The deployment of this software across the Apex Group will deliver enhanced operational efficiencies for Apex’s 33 offices globally, plus real time TA transaction monitoring and entities screening against multiple sanction lists for its clients.
The top 20 global independent administrator will use Metrosoft’s technology to provide full data segregation and granular functionality in order to deliver an enhanced service to clients.
Sonja Maria Hilkhuijsen, global head of
- 17/01/2017
Hedge funds have experienced a quiet start to the year with the Lyxor Hedge Fund Index flat year to date, and the trends observed in Q4 of last year continuing to prevail in early 2017, according to Lyxor’s latest Weekly Brief.
Event driven led the pack last week and global macro has outperformed since the beginning of January. CTAs meanwhile, continue to lag behind. They have been negatively impacted by the pullback of the US Dollar and the reversal of energy prices.
Lyxor writes: “We have upgraded CTAs to Slight Overweight and maintained our strong convictions on fixed income
- 16/01/2017
PEGAS recorded its best annual traded volume in 2016 with a total of 1,733.3 TWh traded during the course of the year, an increase of 69 per cent compared to 2015’s figure of 1,024.8 TWh.
This increase was achieved across all PEGAS market segments.
Egbert Laege (pictured), CEO of Powernext, says: “The year 2016 was another important step for PEGAS to strengthen its role as a pan-European gas platform. Encouraged by that success, PEGAS will continue to develop the European gas markets together with the support of our members and partners in order to provide for efficient customer solutions
- 16/01/2017
- 16/01/2017
From January 2017 two representatives of foreign collective investment schemes – Acolin Fund Services (Zurich) and Hugo Fund Services (Geneva) – will cooperate more closely in advising asset managers on cross-border fund distribution.
While Hugo Fund Services has focused on alternative investment providers since it was founded in 2014, Acolin Fund Services gives particular support to mutual fund providers, in addition to its work in fund registration and representation, including sales support.
Since it is increasingly difficult to access investors in the context of cross-border distribution of investment funds due to increasing regulation (MiFID II and FIDLEG), the two
- 16/01/2017
RAM Active Investments (RAM AI), an active and alternative asset management company, has launched RAM (Lux) Systematic Funds – Long/Short Global Equities.
The fund, available in daily-dealing UCITS format, will be collectively managed by Thomas de Saint-Seine (pictured), Maxime Botti and Emmanuel Hauptmann, senior equity fund managers and founding partners, who have run the firm’s systematic equity strategies since 2007.
The fund’s strategy will look to capture market inefficiencies across the developed markets’ universe of more than 6,000 stocks through a quantitative model-driven fundamental and behavioural based stock selection process. The aim is to produce consistent risk-adjusted returns with
- 16/01/2017
Bats Global Markets has launched the Bats Auction Mechanism (BAM), providing price improvement opportunities for customer orders.
The company began rollout of the new functionality on the EDGX Options Exchange on 4 January and completed it, with no disruption to customers, on 10 January.
The company’s two US options exchanges, EDGX and BZX, set a combined market share record for full-year 2016 with 11.1 per cent vs 9.6 per cent in 2015, while remaining the market leader in single-leg equity options trades with 17.4 per cent market share.
“We’re pleased to announce this functionality, in response to significant
- 16/01/2017
The US Commodity Futures Trading Commission (CFTC) has unanimously approved proposed changes to swap data rules that implement Congressional action to remove indemnification requirements for the use of swap data by other regulators.
In a separate proposal, the CFTC voted to update Parts 3 and 9 to integrate existing advisory guidance, incorporate swap execution facilities (SEFs), and update provisions currently applicable to designated contract markets (DCMs).
The comment period will be open for 60 days after publication in the Federal Register. All comments will be posted on the commission’s website.
Proposed rule to amend Part 49 (Data Rules) –
- 16/01/2017
Chicago Board Options Exchange (CBOE) has launched the CBOE-SMA Large-Cap Weekly Index (SMLCWSM Index), the second in a series of sentiment-based strategy benchmark indices designed to capitalise on short-term market momentum based on Social Market Analytics’ (SMA) social media metrics.
The CBOE-SMLCW Index is reconstituted every Friday at 8:30 a.m. CT, representing a longer duration portfolio than the CBOE-SMA Large-Cap Index (SMLC), which is reconstituted daily.
CBOE launched the CBOE-SMA Large-Cap Index, the first of its sentiment-based benchmark indexes that measure market momentum based on SMA’s social media metrics, in August.
Similar to the first SMLC Index, the
- 16/01/2017
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