Latest News
In July 2016, the monthly volume on EEX’s power derivatives market amounted to 244.0 terawatt hours (TWh), increasing the volume traded in July 2015 (172.9 TWh) by 41 per cent.
EEX also recorded the highest volume in power options for Spain since the launch of this product at 0.9 TWh, while volumes in almost all other markets increased significantly compared to the previous year. The markets for Germany (173.4 TWh, +48 per cent) as well as France (22.4 TWh, +12 per cent) were the main drivers for this growth.
The July volumes comprised 114.9 TWh registered at EEX for clearing.
- 01/08/2016
Nikko Asset Management is launching a Luxembourg domiciled Global Credit UCITS fund on 3 August 2016. The fund is managed by Head Portfolio Manager – Global Credit, Holger Mertens (pictured) and supported by its experienced Global Credit teams based in London, Tokyo, Singapore, Sydney, Auckland and New York.
“We believe credit is most effectively managed within a global context, allowing fundamental research to determine asset allocation and security selection, tempered by awareness of the asymmetric risks of credit exposures,” says Mertens.
The fund aims to target an excess return of 1.5 per cent against the Barclays Global Aggregate Corporate Index
- 01/08/2016
EBS BrokerTec, ICAP’s electronic fixed income and foreign exchange (FX) business, has hired Nicole Shumpert (pictured) from TradeWeb, to bolster its BrokerTec Direct team. BrokerTec Direct is a new service which provides relationship-based, disclosed liquidity to the fixed income market.
The service leverages the EBS Direct model to provide customers with a new mechanism for trading fixed income. Launched in November 2012, EBS Direct offers disclosed trading to foreign exchange market participants through multiple execution methods such as request for quote (RFQ) and direct streaming for FX spot, swaps and options transactions. Having successfully expanded EBS BrokerTec’s addressable market to
- 01/08/2016
Alternative investment firm SkyBridge Capital has opened an office in London which will serve as its headquarters on behalf of its business interests in the UK, Continental Europe and the Middle East.
Hesham Alquraini, an industry veteran with more than 20 years of industry experience in financial markets and alternative asset management, has joined the firm as managing director and will lead the office.
He joins SkyBridge having served at the Kuwait Investment Office (KIO) and the Kuwait Investment Authority (KIA).
"The continued expansion of our global footprint remains one of our most important strategic objectives," says Ray
- 29/07/2016
- 29/07/2016
Institutional and private client service provider JTC has acquired Arcange REIM in Luxembourg, enabling it to launch a new AIFM management company (ManCo) business as it continues to enhance its range of European alternative fund services.
The acquisition of Arcange REIM, which was one of the first Luxembourg based independent management companies to comply with the Alternative Investment Fund Managers Directive (AIFMD), was completed on 6 July following approval from the Commission de Surveillance du Secteur Financier (CSSF).
The new ManCo is called Global AIFM Solutions. A wholly owned subsidiary of JTC, Global AIFM Solutions will offer a fully AIFMD-compliant
- 29/07/2016
Legion Partners, a California-based, long-term-oriented activist hedge fund manager, has elected ClearStructure Financial Technology's portfolio management solution Sentry PM.
The implementation of Sentry PM will automate Legion Partner's front, middle, and back office operations. Sentry PM's use of a GIPS (Global Investment Performance Standards) methodology in the performance module will improve Legion's efficiency in comparing its fund performance to its benchmarks.
In addition, Sentry PM offers Legion the flexibility to scale as the firm continues to grow.
"We are excited to partner with ClearStructure in the implementation of Sentry PM for our business. Sentry PM provides custom reporting
- 29/07/2016
Colt and Korean financial IT provider Koscom are forming a global securities network partnership to provide ultra-low-latency connectivity between capital markets participants in Korea and the world’s major stock and derivatives exchanges.
As part of this collaboration, Koscom, which was founded by Korea’s Ministry of Finance and the Korea Stock Exchange, will use Colt’s low-latency global network service infrastructure to complement its own exclusive financial network in Korea, Stock-Net. The multi-year leverages each other’s local and global network and exchange colocation footprints, as well as the respective sales and service operation resources in Korea and around the globe.
The
- 29/07/2016
CBOE Holdings has declared an increased dividend of USD0.25 per share for the third quarter of 2016, representing a 9 per cent increase compared to the prior quarter's dividend of USD0.23 per share.
The third quarter dividend is payable on 16 September, to stockholders of record as of 2 September 2016.
"This dividend increase reflects our ongoing commitment to return cash to stockholders while investing in our strategic growth initiatives to deliver strong returns to our stockholders long term," says Edward T Tilly (pictured), CBOE Holdings chief executive officer.
- 29/07/2016
G10 Capital, an affiliate of Lawson Conner, is to be appointed as an alternative investment fund manager (AIFM) by Gresham House Asset Management in order to provide alternative fund management services to LMS Capital.
The LMS portfolio, valued at just over GBP92 million, will form a key component of Gresham House's strategic equity division and leverage the private equity capability of the team.
The award of this investment mandate is in-line with the company's stated strategy to develop its alternative asset management platform, build AUM, both organically and through acquisition, and to grow earnings through asset management and performance
- 29/07/2016
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is to acquire Guggenheim Investment’s 1940-Act mutual fund administration business, Rydex Fund Services.
The transaction is expected to close in the fourth quarter of 2016, subject to regulatory approvals and customary closing conditions.


When complete, the acquisition will provide MUFG Investor Services with a full service offering for investment managers, adding regulated 1940 Act mutual fund and exchange traded fund services expertise to its service proposition, which spans single manager, fund of hedge fund, private equity and real estate funds, pension funds and traditional asset managers.


- 29/07/2016
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