Latest News
RiverNorth Capital Management has launched the RiverNorth/DoubleLine Strategic Opportunity Fund, a closed-end fund that opportunistically invests in fixed income securities and tactically invests in closed-end funds.
The fund debuted on 28 September on the NYSE under the symbol OPP.
RiverNorth serves as the fund’s investment adviser and DoubleLine Capital serves as sub-adviser to the fund.
“We are extremely excited to again partner with DoubleLine to add another unique multi-manager strategy to RiverNorth’s existing portfolio of closed-end fund offerings,” says Patrick Galley (pictured), RiverNorth’s chief investment officer. “The fund will leverage RiverNorth’s and DoubleLine’s long performance track records across
- 06/10/2016
UK-based independent AIFMD depositary INDOS Financial has recorded a 160 per cent increase in assets under depositary from September 2015 to end-September 2016 of USD8 billion to a total of USD13 billion. In the same period, client relationships have grown 70 per cent to 45.
INDOS CEO Bill Prew believes that the growth has come as a result of an increasing recognition by investment managers and investors of the value offered by an independent depositary.
“The value of the depositary beyond meeting regulatory compliance obligations should not be discounted,” says Prew. “Many managers initially viewed the appointment of a depositary as a
- 06/10/2016
SIX Financial Information, a provider of reference data, market data and added value services, has partnered with Infront, a trading and information solution provider in the Nordics.
The JV will service clients in Sweden, Denmark, Finland and Norway.
The partnership combines Infront’s financial terminal technology with the global reference and market data of SIX.
Users of SIX Edge and Starweb will be migrated to the Infront terminal powered by the extensive database of SIX. The partnership extends to Infront clients who will receive SIX data going forward.
The news agency SIX News will merge with Nyhetsbyrån Direkt
- 06/10/2016
Intercontinental Exchange’s (ICE) ICE Data Services has expanded coverage for its best execution service to include sovereign and corporate bonds in Europe, the Middle East and Africa (EMEA).
Best execution leverages ICE’s fixed income Continuous Evaluated Pricing to measure best execution, and offers a trade-by-trade measure of execution quality relative to comparable market transactions.
The launch of best execution in EMEA comes as European regulators are moving to expand transparency in fixed income securities. In particular, the Markets in Financial Instruments Directive II (MiFID II) formalised rules that require investment firms to maintain records quantifying the transaction quality of
- 06/10/2016
Alternative asset manager FS Investments has hired Steve DeAngelis as executive vice president and head of distribution.
DeAngelis will serve on the firm’s executive committee and as president of FS Investment Solutions, FS Investments’ wholly owned broker-dealer subsidiary.
DeAngelis joins the firm as it is expanding distribution into new channels, preparing to launch new investment strategies, and ramping up its advisor and investor education platform.
“Steve DeAngelis has had a long and impressive career in financial services, both as a sales leader and business builder,” says Michael C Forman, chairman and CEO of FS Investments. “We believe we
- 06/10/2016
Tim Thornton, COO, Fund Services, MUFG Investor Services, comments on the rising capital requirements for fund managers…
Following the ‘too big to fail’ challenges of global banks, it is not surprising to see regulators turning their attention to large fund managers. While there is no solid evidence that they pose a systematic risk or contributed to the banking crisis; the increasing consolidation of the industry into fewer, larger managers does concentrate risk.
Recent examples of asset management companies being asked to increase capital requirements demonstrate that regulators are concerned about the dangers posed by the liquidity crisis and the
- 05/10/2016
- 05/10/2016
Affiliated Managers Group (AMG) has bought interests in Winton Group and Partner Fund Management (PFM).
Founded in 1997, Winton is a global investment manager that uses scientific methods to develop investment systems across a broad range of products from diversified multi-asset offerings to regional long-only equities.
The firm is headquartered in London and has over 400 employees, with additional offices in Oxford, Zurich, Hong Kong, Shanghai, New York, Tokyo, Sydney, and San Francisco.
PFM manages global equity strategies, including global diversified long/short, global long, and global healthcare funds. PFM was founded in 2004 and is based in San Francisco.
- 05/10/2016
- 05/10/2016
Institutional investment consultant Absolute Return Partners (ARP) has appointed Mark Moloney as senior research analyst.
He joins from fund of hedge funds Saguenay Strathmore Capital (now Titan Advisors) where he was associate director.
In his new role, he will report to Niels Jensen, chief investment officer.
During his time at Saguenay Strathmore Capital, Moloney was a lead analyst across a number of invested hedge funds and strategies. As part of his role, he undertook comprehensive qualitative and quantitative research and analysis across all asset classes and hedge fund strategies on behalf of the global research team and investment
- 05/10/2016
BNP Paribas Investment Partners has completed the EUR500 million final close of the BNP Paribas European SME Debt Fund, attracting a range of European institutional investors.
The fund finances small and medium sized enterprises in Europe through a solution combining bank lending and fund financing.
Strong demand has resulted in the fund reaching its target of EUR500 million at first close, offering institutional investors, including insurers and pension funds, access to an innovative way to diversify their credit exposure.
Included in the investors are AG2R La Mondiale, BNP Paribas Cardif, CNP Assurances, l’ERAFP, Federal Finance Gestion (on behalf
- 05/10/2016
Maples Fiduciary, a division of MaplesFS and provider of fiduciary, entity formation and management, insurance and administration services, has opened an office in London.
The London office will allow the Maples group to address market demand and capitalise on opportunities in the financial centres while strengthening its relationship with clients globally.
"With most of the top financial institutions to whom the Maples group provides services having a substantial presence in the region, the opening of a Maples Fiduciary office in London is a natural fit and enables us to further assist existing and prospective clients," says Peter Huber, MaplesFS'
- 05/10/2016
- 05/10/2016
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