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In October 2016, the monthly volume on EEX’s power derivatives market amounted to 410.1 TWh, increasing by 52 per cent from October 2015 figure of 270.1 TWh.
The volume increase in power futures for the Germany/Austria (+57 per cent), France (+53 per cent) and Spain (+246 per cent) market areas contributed to this overall volume.
With almost 10 TWh, EEX achieved a new monthly record in Spanish power futures (October 2015: 2.8 TWh). In addition, with an increase in the use of power options, EEX registered a total volume of 27.2 TWh, of which 23.9 TWh were registered in Phelix
- 02/11/2016
Investment managers are expecting significant growth in terms of assets under management (AuM) and revenue in the next three years, according to a survey by investment management solutions provider SimCorp.
The majority of the surveyed firms cited ‘provision of superior service’ and ‘product innovation’ as the main areas of focus for supporting growth.
In the survey – Unlocking Growth Through Innovation – which was conducted by Lindberg International and was supplemented by qualitative interviews by Citisoft, representatives from 83 investment management firms from Europe, North America and Asia Pacific were asked to project their annual growth rates in the
- 02/11/2016
Data-drive asset manager ACSI Funds has launched its inaugural exchange-traded fund, the American Customer Satisfaction Core Alpha ETF (BATS: ACSI), which sheds light on customer satisfaction for more than 350 national brands.
In 1994, ACSI Funds’ sister company, the American Customer Satisfaction Index (ACSI), created the only national cross-industry measure of customer satisfaction, which uses a proprietary econometric model to gather and interpret data. This signal has provided the basis for ACSI’s hedge fund offering, which was launched in 2006.
The ACSI Funds ETF provides investors with core US equity exposure by interpreting ACSI’s exclusive data to build a
- 02/11/2016
The fourth annual Cayman Alternative Investment Summit (CAIS), scheduled for 15-17 February in the Cayman Islands, will convene leading thinkers and decisions makers from across the industry as they explore this year’s theme, “Defying Gravity: The Future of Alternative Investments in Exceptional Times.”
In a change of venue, CAIS 2017 will be held at the brand new, Kimpton Seafire Resort + Spa, which is owned by Dart Enterprises, the host sponsor for CAIS.
The Cayman Islands, with over 11,000 regulated funds, has long been a home for the alternative industry. So it’s no surprise that CAIS regularly draws some of
- 02/11/2016
Offshore global law firm Carey Olsen has retained its tier one position in Guernsey and Jersey for both its financial and corporate and investment funds advice in International Financial Law Review 1000 (IFLR1000).
IFLR1000 rankings are based on independent research over a 12-month period and serve as a definitive guide to the world’s leading financial law firms.
Clients said of Carey Olsen: “The best offshore law firm both in terms of service and for technical capability and drafting”, “very fast, strategically helpful advice” and "responsive, technical and excellent to deal with”.
A total of 20 Carey Olsen lawyers
- 01/11/2016
Latitude Investment Management, an investment advisory firm recently founded by Freddie Lait, has launched its first fund, The Latitude Horizon Fund (UCITS V).
The fund, which has begun accepting investment from new shareholders, is a global long only diversified growth fund targeting absolute returns, with lower volatility and lower fees.
Latitude Investment Management is backed by Odey Asset Management and other private investors, including family offices and individuals from the fund management industry.
The Latitude Horizon Fund will invest in a concentrated portfolio of stocks which have high-quality business characteristics and strong, or improving, industry dynamics. Alongside this,
- 01/11/2016
- 01/11/2016
Acceptance and support for shareholder activism continues to increase across all constituencies, according to a report from law firm Schulte Roth & Zabel (SRZ), published in association with FTI Consulting.
The 2016 Shareholder Activism Report reveals that 92 per cent of those surveyed believe institutional investors are more accepting of activists than in previous years, with activists also experiencing increased receptivity from retail investors, boards of directors, management teams and the media.
According to the report, 84 per cent of respondents see some or a lot of opportunity for activism in the UK, compared to 74 per cent for
- 01/11/2016
The US Commodity Futures Trading Commission (CFTC) has issued Orders of Registration to five foreign boards of trade (FBOT), allowing them to provide identified members or other participants located in the US with direct access to its electronic order entry and trade matching system.
The five FBOTs are Eurex Deutschland; CME Europe (CMEEL); CE Futures Europe (IFE); The London Metal Exchange (LME); and London Stock Exchange (LSE).
Eurex, IFE and LME previously offered direct access to US participants in accordance with CFTC Letters 99-48; 99-69; and 01-11. According to CFTC regulation 48.6, these no-action letters are automatically withdrawn with the
- 01/11/2016
By James Williams (pictured) – The private equity secondary market has experienced significant growth in deal volumes and investor interest in recent years. According to Cogent Partners, secondaries volume was USD22.5 billion in 2010. This rose to USD27.5 billion in 2013, and reached USD42 billion in 2014. Last year, deal flow was estimated to have reached USD40-50 billion.
As SEI stated in its paper Private Equity Liquidity: A Work in Progress, (www.seic.com/enUK/im/15106.htm) the growth of the secondary market has probably had more impact on private equity liquidity than any other development to date. This then, is an area of the market that has experienced a significant deepening of liquidity.
- 01/11/2016
By Alan Chu (pictured), Meyler Capital – There’s a high concentration of Scotch distilleries in Scotland: over 100 fully-licensed operations in a country with a population of < 5.5 million people. To put it in perspective, there are more Scotch whisky distilleries than there are McDonald’s outlets in Scotland. On top of that, there are plenty more start-up distilleries entering the fray each year.
Scotch whisky has been around for a long time, with the majority of big-names having existed since the 1800s. It’s not easy for new entrants to penetrate the market.
It’s gone through its fair share of
- 01/11/2016
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