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Pluribus Labs and Huq Industries have formed a partnership which aims to bring real-time “bricks-and-mortar” retailer performance data to the institutional investor community.
Through this partnership, investors can track the performance of real-world retailers and their competitors systematically and in real-time, using an impartial intelligence resource to help evaluate their investment positions on an ongoing basis.
The data source is brought by Huq Industries, the operator of a real-world market intelligence panel which measures the bricks-and-mortar store-visits of over seven million individuals in 140 countries daily.
The full catalogue is being made available to financial services professionals by
- 30/09/2016
Canadian asset management firm Fiera Capital has made an offer to acquire the entire share capital of London-based asset manager Charlemagne Capital.
Fiera Capital’s recommended offer includes the payment of a special dividend by Charlemagne Capital.
If the offer is completed, it would provide Fiera Capital with an entry into the emerging and frontier markets asset class and create a European platform to enhance the growth and distribution of Fiera Capital's existing investment strategies.
"The acquisition of Charlemagne Capital would be an important step in advancing our global presence by teaming up with a high quality emerging and
- 30/09/2016
Och-Ziff Capital Management is to pay USD412 million to settle US Department of Justice (DoJ) and Securities Exchange Commission (SEC) charges relating its private investment business in Africa and a 2007 investment by the Libyan Investment Authority.
As part of the settlements, Och-Ziff Capital Management Group has entered into a deferred prosecution agreement with the DoJ.
A subsidiary, OZ Africa Management, has agreed to plead guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA). The firm has also agreed to settle an administrative proceeding with the SEC involving violations of the FCPA and the
- 30/09/2016
Boutique investment management firm RiverNorth Capital Management has launched RiverNorth Marketplace Lending Corporation, a registered 1940 Act closed-end interval fund dedicated to the rapidly growing online lending asset class.
“We are pleased to add RiverNorth Marketplace Lending Corporation to our portfolio of opportunistic investment offerings,” says Brian Schmucker (pictured), chief executive officer of RiverNorth. “RiverNorth is among the first to offer retail investors this tremendous opportunity, that of providing diversified and efficient access to the peer-to-peer lending space.”
The fund will invest in a diverse mix of marketplace lending sectors, including unsecured consumer, small business, and specialty finance loan segments.
- 30/09/2016
Independent advisory firm Conestoga Capital Advisors has appointed Jeffrey A Riggs as institutional sales and client service officer.
Riggs has 20 years of experience in the investment management industry and is joining Conestoga from Lincoln Financial Group where he was associate vice president – head of investment research and analysis.
Based out of Conestoga's headquarters in Wayne, Pennsylvania, Riggs will help develop new business for the firm and maintain relationships with existing clients.
Prior to Lincoln Financial Group, Riggs worked at Nationwide Fund Advisors where he served as the director of manager research focusing on US and international
- 30/09/2016
The RD Companies has hired hedge fund industry veteran Amy B Hirsch to fill the newly created position of chief operating officer.
Expanding the build-out of its New York office, and further strengthening the infrastructure, Phillip H Kwon has been hired as general counsel and Linda Zheng as chief financial officer.
Hirsch, CEO and chief investment officer of Paradigm Consulting Services, brings 35 years of experience in alternative investments and hedge funds including due diligence, operations, and asset management. She has been responsible for managing in excess of one billion dollars of hedge fund-of-funds products and has conducted operational and
- 30/09/2016
Global commodities broker Marex Spectron has launched NEON Platform, a trading, risk and data platform.
The platform combines three key proprietary services: NEON Trader, NEON Risk and NEON Data, with flexible connectivity (NEON Connect).
NEON offers a straightforward single technology platform for commodity traders, while a mobile device application – NEON Mobile – is also in the beta stage of development and is currently set for a fourth quarter rollout.
NEON Trader provides traders with direct market access to global commodity and financial exchanges. Additional functionality includes algorithmic commodity trading suites and intelligent execution options, leveraging off Marex
- 30/09/2016
Hedge fund administrator HedgeServ and Hazeltree, a provider of integrated buy-side treasury management solutions, are teaming up to deliver enhanced middle-office treasury services to hedge funds and other alternative investment managers.
Hazeltree enhances HedgeServ’s offering related to cash management, electronic wire processing and collateral management services. HedgeServ will host Hazeltree’s technology and will complement it with an integrated middle office outsourcing and technology solution.
"Our clients are asking for a robust treasury management solution. We believe that Hazeltree offers an industry leading suite of treasury management solutions,” says Jim Kelly, HedgeServ's chairman. “We are already receiving positive feedback from
- 30/09/2016
The amount of repo business outstanding on 8 June 2016, calculated from the returns of 67 offices of 63 financial groups, stood at EUR 5,379 billion, a 4.1 per cent decrease on the December 2015 figure of EUR5,608 billion and a year on year decrease of 1.6 per cent.
That’s according to the results of its 31st semi-annual survey of the European repo market from the European Repo and Collateral Council (ERCC) of the International Capital Market Association (ICMA).
The decline in the baseline figure since the previous survey largely reflects the reduced number of survey participants. However, a
- 30/09/2016
Boutique asset manager Unigestion has made three senior appointments to its newly formed intermediary team.
The team will initially have five members and Unigestion plans to grow this further as the firm increases its presence in intermediary markets.
Their initial focus will be making Unigestion’s institutional investment expertise available to intermediaries in the Southern Europe, UK, Nordics, Switzerland and the US.
Simone Gallo joins Unigestion as head of intermediary distribution. He will have responsibility for building the global intermediary channels focusing on wealth managers, multi-managers and sub-advisory mandates.
Gallo joins from Pictet Asset Management where she spent
- 29/09/2016
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