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Maitland, the global advisory and fund administration firm, has carried out a major organisational restructure of the leadership team of its institutional client services arm.
The management team will now reflect the five fund services products on offer – traditional fund services, transfer agency, hedge fund services, private equity and real estate fund services, and ManCo services.
The entire institutional product offering will be led by Jim Clark, who joined Maitland in May 2014 from State Street and brings over 30 years of industry experience to the role.
The traditional fund services team will be led globally by Rob Leedham,
- 03/11/2016
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 131.2 TWh in October 2016, an increase of 21 per cent compared to the previous year (108.8 TWh).
The strong result also included new records on the spot (PEGs) and futures segments (GASPOOL, PSV, ZEE and ZTP).
Spot trading volumes in October reached 52.1 TWh, representing an increase of 28 per cent compared to last year (40.7 TWh) while the Dutch market area TTF registered a strong volume with 13.9 TWh, up 23 per cent compared to October 2015 (11.3 TWh).
A total volume of
- 03/11/2016
NuWave Investment Management, an alternative investment manager specialising in the application of systematic investment strategies, has launched the NuWave Short-Term Futures Portfolio.
The portfolio represents a new model set that is entirely focused on short-term directional trading opportunities, yet shares a common heritage with many of NuWave's existing trading methodologies.
It borrows key modelling concepts from the firm's core investment portfolios, the Combined Futures Portfolio and the Long/Short Portfolio (Equity Market Neutral).
The Short-Term Futures Portfolio employs a fully automated signalling and execution engine, while using a variety of intra-day modelling techniques to identify short-term price dislocations across
- 03/11/2016
- 03/11/2016
Euronext has agreed a 10-year partnership with fixed income technology provider Algomi to create a new trading facility aimed at improving liquidity in the pan-European corporate bond market.
The joint venture, capitalised by Euronext for USD2.3 million, will deploy Algomi’s technology to a new MTF owned and operated by Euronext.
Dealers will be able to access the trading interface either directly through their existing Algomi technology or through their stand-alone systems.
The platform will use algorithmic smart matching processes to create an auction between dealers to improve liquidity and search for best execution.
Local and global bond
- 03/11/2016
Fund managers have gathered in London to hear from the Cyprus Investment Funds Association (CIFA) about the opportunities in the country as an investment destination.
Held in conjunction with international law firm King & Wood Mallesons (KWM), Alter Domus, a provider of fund and corporate services, and the Bank of Cyprus, the event discussed Cyprus’ position following the UK’s vote to leave the European Union, led by senior panel members from all organisations.
Cyprus is fast becoming a location of choice for many promoters and fund managers, as evidenced by the existing 162 internationally recognised fund serviced providers already
- 03/11/2016
Synchronicity Futures, a licensed commodity trading adviser (CTA), has launched the Commodity Long-Short Programme with a USD10 million commitment from the Dickson Family of Detroit, Michigan.
The programme aims to maximise long-term absolute returns with low correlation to both commodity and equity markets through a diversified and liquid portfolio of commodity futures contracts that are systematically managed.
The programme is designed to provide institutional money managers, registered investment advisors, and high-net-worth individuals with a diversified, liquid, and non-correlated product that can enhance the risk-adjusted returns of their existing portfolio holdings.
The programme can invest across 22 liquid commodity
- 03/11/2016
The European Energy Exchange (EEX) has registered its first trade in EUA Futures beyond 2020, thereby extending into the fourth trading period of the EU ETS.
The transaction was registered on 28 October in the December 2021 maturity, with a volume of 50,000 tonnes of CO2 traded at a price of EUR 6.02 per EUA. The trade was conducted between BayernLB and Belektron.
Steffen Köhler (pictured), chief operating officer of EEX, says: “The extension of our offering represents another important development in EEX’s emissions market. Having listened to and worked closely with our market participants, we are the first
- 03/11/2016
RBC Wealth Management-US has appointed Bryan Mullin as head of the firm’s alternative investment platform.
Mullin (pictured) most recently served as principal and director of alternatives research at Slocum, a Minneapolis-based advisory firm that specialises in serving institutional investors.
"As many of the products and services within the wealth management industry have become increasingly commoditised, offering clients differentiated advice and personalised solutions is critical," says Michael Armstrong, CEO of RBC Wealth Management-US. "With Bryan Mullin at the head of our alternatives platform, we will provide our private wealth clients with access to the discipline and sophistication of institutional alternatives
- 02/11/2016
Lombard Odier Investment Managers (IM) has added the eight-strong Volantis investment management team from AlphaGen Capital to the firm’s existing 1798 hedge fund strategies platform.
The team, which currently manages more than USD1 billion in assets in UK equity long/short and long only strategies, will be based in London and manage a niche strategy focused on UK small caps.
The team’s transfer to Lombard Odier IM will be implemented under a facilitation agreement and is subject to conditions including fund board approvals, applicable regulatory consents and requisite investor votes.
Completion is expected in the first quarter of 2017, at which
- 02/11/2016
Swiss-Asia Financial Services, a provider of dedicated incubation services to hedge funds, reports that rising alternative funds incubated on the platform have sustained growth despite global economic slowdown.
Steve Knabl (pictured), chief operating officer and managing partner at Swiss-Asia Financial Services, says: “Although Asia hedge funds are opening at a slower pace, the selective outperforming funds operating on the Swiss-Asia platform are facing a steady upwards growth trajectory. By cushioning high operating fees, we want to continuously provide entrepreneurial finance professionals with the best possible independent fund management platform that positions them for long term success.”
When Credence Global
- 02/11/2016
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