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Boutique asset manager Unigestion has moved its London-based staff into new London headquarters in Stratford Place, W1.
Since the beginning of 2016, Unigestion’s London team has increased from 25 to 40 people as the UK has become Unigestion’s largest non-domestic market.
All four investment lines (equities, multi-asset, alternatives and private equity) are fully represented in London with investment, sales and back office teams to serve UK clients. Unigestion’s range of UK clients includes Railpen, the Merseyside Pension Fund and the London Borough of Hammersmith and Fulham.
Fiona Frick (pictured), chief executive officer of Unigestion, says: “The expansion of
- 12/07/2016
The US Commodity Futures Trading Commission (CFTC) has issued an order filing and settling charges against Agrocorp International Pte Ltd, a commodities trading and distribution company headquartered in Singapore, for failing to file CFTC Form 304 Reports reporting its call cotton purchases and sales when it held or controlled at least 100 cotton futures positions.
The order requires Agrocorp to pay a USD150,000 civil monetary penalty and prohibits it from committing future violations of CFTC Regulation 19.02.
The order also states that Agrocorp will undertake to adopt and maintain internal controls that are reasonably designed to ensure that the
- 12/07/2016
The Chicago Board Options Exchange (CBOE) plans to list S&P 500 Index (SPX) Monday-expiring Weeklys options, beginning 15 August 2016, pending regulatory approval.
With the expected introduction of SPX "Monday Weeklys," CBOE will now offer SPX options with Monday, Wednesday and Friday weekly expirations.
CBOE's new SPX Monday Weeklys options will generally have the same characteristics as CBOE's Wednesday- and Friday-expiring SPX Weeklys options, with the exception of their listing and expiration dates.
The initial expirations for the new Monday Weeklys are planned for 22 August and 29 August. Going forward, new expirations for the Monday Weeklys will typically
- 12/07/2016
Sprott Asset Management, a USD10 billion Toronto-based alternative asset manager, has rolled out a second iteration of the firm’s private credit trust strategy, Sprott Private Credit Trust II, with hedge fund specialist Arif N Bhalwani.
Bhalwani is the chief executive officer and managing director of Third Eye Capital Management, a sub-adviser to Sprott Asset Management.
Sprott Private Credit Trust II focuses on identifying short-term opportunities primarily in North American companies that are otherwise unable to access financing.
The strategy of the fund is to invest in underlying funds that hold an actively managed portfolio of asset-based loans that will be focused on private and public companies, primarily in Canada and the US, that are otherwise unable to
- 12/07/2016
- 12/07/2016
State Street Corporation has agreed to participate in a pilot programme to test DTCC-Euroclear GlobalCollateral’s Margin Settlement Messaging Service.
Powered by Margin Transit Utility (MTU) technology, GlobalCollateral’s Margin Settlement Messaging Service has been developed to provide straight-through-processing for the settlement of margin obligations.
By participating in the pilot programme, State Street aims to further streamline its margin call processes, increase transparency through automated collateral settlement tracking, enhance client service, and improve custodian communications. State Street will initially pilot the MTU functionality with select client portfolios to evaluate how the technology could be leveraged more broadly.
As the industry
- 12/07/2016
Martin Jonsson and Anders Wennberg have been recruited as new senior managers for the team at the Catella Hedgefond fund.
“We are pleased and proud to be able to announce Martin Jonsson and Anders Wennberg as new senior fund managers at Catella,” says Erik Kjellgren, head of the Swedish fund operations. “Catella has very high ambitions for its fund management and, with their solid background from one of the market’s most high-profile hedge funds, these individuals will be an excellent complement to the existing Catella Hedgefond team.
“This recruitment therefore complements and completes the overall equities team for Catella
- 12/07/2016
More than 80 per cent of institutional investors surveyed at a recent event hosted by Northern Trust in Stockholm expect investor allocations to alternative assets to increase within the next five years, with private equity and infrastructure to receive the highest new allocations.
Approximately 50 Nordic institutional investors – including some of the largest and most sophisticated asset owners in the world – were surveyed on their perspectives on the evolving role of alternative investments.
“In the current low growth, low interest rate environment, alternative investments play an increasingly important role for investors looking for higher yield and lower
- 12/07/2016
RSRCHXchange, the online marketplace for institutional research, has formed a strategic partnership with Substantive Research, an independent curator of daily macroeconomic investment research for asset managers and asset owners.
The partnership will close the gap between new research and point of sale. The daily Substantive Research Briefings highlight to portfolio managers the latest macro research and will now link to the RSRCHX platform, enabling them to procure the reports in real time.
Substantive Research helps investors find the best top-down research quickly by curating and distributing daily briefings that summarise five of the highest quality macroeconomic, allocation and strategy
- 12/07/2016
The global hedge fund industry returned an average of +0.86 per cent in June and finished up the second quarter at +2.09 per cent, according to the June/2Q 2016 eVestment Hedge Fund Performance Report.
The overall positive returns for hedge funds and very strong returns in some specific segments highlighted the value hedge funds can offer investors during volatile market conditions.
And while the impacts on hedge funds of the late June BREXIT vote aren’t entirely clear yet, the report does note some challenges as a result of the uncertainty in European and world markets the late June referendum
- 11/07/2016
Bill Prew (pictured) from the INDOS Group has written a note on the implications of Brexit on AIFMD depositaries. “A UK withdrawal from the European Union (EU) following the 23 June 2016 ‘Brexit’ Referendum has potential implications on the existing requirement for UK Alternative Investment Fund Managers (AIFMs) to appoint, in certain circumstances, a depositary under the Alternative Investment Fund Managers Directive (AIFMD),” he writes.
“To recap, AIFMD introduced a requirement for certain AIFMs to ensure that a depositary is appointed to perform a fiduciary oversight role over the Alternative Investment Funds (AIFs) which they manage. The depositary requirements for UK
- 11/07/2016
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