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London-based investment manager Warwick Capital Partners has selected Wells Fargo Global Fund Services to provide administration, outsourced middle and back office operations and transfer agency services for the new Warwick European Opportunities Fund II.
"Wells Fargo Global Fund Services continues to provide its expertise in administering complex credit strategies," says Matthew Coleman (pictured), chief operating officer and partner at Warwick Capital Partners. “In addition, its outsourced operations team enables us to invest in the full range of performing and distressed credit instruments in our portfolio. This decision further enhances our long standing relationship with Wells Fargo.”
"Warwick’s decision to
- 10/11/2016
A new record volume has been set in futures contracts on the CBOE Volatility Index (VIX Index) traded in non-US trading hours, with an estimated 263,663 contracts changing hands.
This record surpasses the previous single-day record of 235,141 contracts set during the overnight session on 24 June 2016, when UK voters decided that Britain should leave the European Union.
Last night’s jump in overnight trading volume followed a drop in global market prices after the results of the US Presidential Election began to favour a Donald Trump victory over an expected win by Hillary Clinton.
VIX options and
- 10/11/2016
The US Commodity Futures Trading Commission (CFTC) has submitted a proposed consent order that would resolve its civil enforcement action in the US District Court for the Northern District of Illinois against Navinder Singh Sarao.
The CFTC complaint charged British futures trader Sarao, along with his company Nav Sarao Futures Limited, with unlawfully manipulating, attempting to manipulate, spoofing, and use of a manipulative device — all with regard to the E-mini S&P 500 near month futures contract.
In the proposed consent order, Sarao admits to the allegations in the CFTC complaint, as well as to findings of fact and
- 10/11/2016
MMA Capital Management has entered into an agreement with an affiliate of TSSP, a special situations investment platform, to form a solar lending joint venture.
The joint venture will operate under the name Renewable Energy Lending (REL) and will provide financing for the construction and ongoing operations of solar power projects located throughout North America.
MMA Energy Capital (MEC), a wholly-owned subsidiary of MMA Capital, will provide loan origination and administrative services to REL. Kimberlite Advisors served as financial adviser in the formation of Renewable Energy Lending.
Michael Falcone (pictured), MMA Capital Management's chief executive officer, says: "We
- 10/11/2016
Abacus Group, a provider of hosted cloud IT solutions for alternative investment funds, has welcomed the launch of the UK’s new National CyberSecurity Strategy, which includes stepped up efforts to combat data breaches, identify theft, fraud and money laundering in the financial services sector.
Abacus says its services already meet or exceed these standards.
Abacus, which in October announced a major expansion of its services and the opening of a second data centre in London, provides cyber defences to its more than 400 clients in the alternative investment field globally.
Noting that the US Securities and Exchange Commission
- 10/11/2016
Exchange Data International (EDI), in partnership with AlgoCircle, has launched the Economic Indicator Service (EIS), which expands its data coverage to include worldwide economic data.
The new EIS aims to deliver professional economic content to financial institutions on both the buy and sell side, and service providers.
It currently covers 2,229 recurring macro-economic indicators, such as GDP data, unemployment releases and PMI numbers from 37 countries.
EDI is enhancing this service by adding additional countries, including Chile, Denmark, Egypt, Finland, Indonesia, Israel, Pakistan, Philippines and Taiwan.
Jonathan Bloch (pictured), CEO of Exchange Data International, says: “EIS represents
- 09/11/2016
With interest rates remaining persistently low NAIC Schedule BA assets, which include alternative investment securities, have generally provided insurers with the potential for higher risk-adjusted returns to help mitigate the decline in higher portfolio book yields, according to a AM Best report.
The report, “Hedge Fund Performance Has Insurers Reducing Exposure,” states that without a meaningful increase in interest rates, insurers have limited choices for investing new dollars from maturing securities and new business premiums to maintain targeted risk-adjusted returns. Therefore, the current industry trend toward modestly higher allocations to non-traditional asset classes is likely to continue.
Despite some
- 09/11/2016
Asian, European and UK markets have all seen significant falls following the news that Donald Trump is to become the 45th President of the United States.
In the opening minutes of trading in London, the UK’s FTSE 100 index was down 82 points (1.2 per cent), following earlier falls in other major European and Asian stock markets.
Japan’s Nikkei 225 closed down by 5.4 percent at the end of Wednesday trading, but Hong Kong’s Hang Seng fared better, trading 2.9 per cent lower, with the Shanghai Composite closing down 0.3 per cent.
US stocks are also expected to fall sharply
- 09/11/2016
- 09/11/2016
Fabrizio Quirighetti, chief investment officer at SYZ Asset Management, has assessed the potential implications for markets following the Trump victory.
He writes: “This unprecedented presidential race has finally come to an end and, once again, the anti-establishment vote has been underestimated by polls, journalists and analysts as the winner is Donald Trump. The first thing that comes to our mind is ‘hope for the best, but prepare for the worst’, as the campaign has provided many evidences Trump could be a terrible president.
“His victory, to an extent, is also the symbol of current political failure to address key
- 09/11/2016
- 09/11/2016
Wall Street Horizon’s earnings-related corporate event data is now available to the corporate "C-suite" and investor relations (IR) professionals for the first time through the Virtua platform.
Wall Street Horizon is providing Virtua Research, a financial services technology company, with five of its forward-looking and historical event data types via its Enchilada online application – corporate earnings dates, earnings reports, earnings announcements, earnings revisions and earnings conference calls.
In addition, Virtua subscribers will have the opportunity to purchase the full Enchilada premium service with all 40+ corporate event types.
Chief financial officers and financial analysts alike can perform
- 09/11/2016
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