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MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Marc Russell-Jones as head of business development for EMEA.
Russell-Jones will be responsible for driving the growth of MUFG Investor Services’ asset servicing solutions across hedge funds, fund of funds and private equity/real estate funds in the EMEA region. These solutions include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services.
Formerly head of asset manager sector solutions for the Nordics and UK at State Street, Russell-Jones brings over 15 years’ experience from business development roles
- 07/07/2016
Barclays Bank is to pay a USD560,000 penalty to settle Commodity Futures Trading Commission (CFTC) charges that it failed to submit accurate large trader reports (LTRs) for physical commodity swap positions.
Barclays is headquartered in London and has been provisionally registered with the CFTC as a swap dealer since 12 December 2012.
The CFTC order requires Barclays to pay a USD560,000 civil monetary penalty and to cease and desist from committing further violations of the CEA and CFTC regulations, as charged.
As stated in the order, large trader reporting for physical commodity swaps is essential to the CFTC’s
- 07/07/2016
Law firm Mourant Ozannes has moved to new office space at Landmark in order to accommodate rapid expansion in its Hong Kong office.
Driven by demand for its services, nine new starters have joined Mourant Ozannes' Hong Kong office in the last 12 months. The firm's offering in Asia continues to grow with promotions and further planned expansion.
Paul Christopher, Hong Kong managing partner, says: "Since the establishment of the Hong Kong office our Asian business has grown significantly and we continue to work on many of the most complex, high profile matters in the region. Moving to a
- 07/07/2016
Prestige Capital Management has launched its Commercial Finance Opportunities Fund on the Sweden-based Mutual Funds Exchange (MFEX) platform and has launched a dedicated Swedish Krona (SEK) hedged share class.
The fund aims to achieve consistent absolute returns in most market conditions, using a diverse portfolio that carefully manages individual client and sector asset allocation risk. Prestige targets long term, consistent risk-adjusted returns with low systemic or market risk.
Target returns are 5-7 per cent per annum, with a target volatility of 1 per cent per annum.
By investing in a diverse portfolio of specialist loans, the fund aims
- 07/07/2016
HIG Bayside Capital, the distressed debt and special situation affiliate of private equity firm HIG Capital (HIG), has closed the HIG Bayside Loan Opportunity Fund IV with aggregate capital commitments of USD1.1 billion, exceeding its USD1.0 billion target.
The fund will continue HIG’s investment strategy of focusing on investments in small-cap special situation credit opportunities in the US.
Sami Mnaymneh (pictured) and Tony Tamer, co-chief executives of HIG, say: “We are grateful for the support from our investors for this offering. The strong response to the fund reflects their confidence in the capability of our team and our differentiated
- 07/07/2016
Boutique asset manager Unigestion has signed the Montreal Carbon Pledge, an ambitious collaboration between the United Nations-supported Principles of Responsible Investment (PRI) and investors from around the world.
The pledge has attracted commitment from over 120 asset owners and investment managers with over USD10 trillion in assets under management.
By signing the pledge, Unigestion commits to measuring and disclosing the carbon footprint of all of its equity pooled funds to help investors better understand, quantify and manage climate change-related impacts, risk and opportunities. Beyond measuring and disclosing its carbon footprint, Unigestion has also implemented enhancements to its equity portfolio
- 07/07/2016
Many alternative fund managers expect performance and investment decisions to be affected following the UK’s Brexit vote, while institutional investors expect to commit less to the UK, according to a survey carried out by Preqin.
In the wake of Britain’s vote to leave the European Union, the firm surveyed over 140 alternative assets firms and 50 institutional investors to gauge their reactions and expectations following the result.
The largest proportions of fund managers do not expect their performance or investment decisions to be impacted by Brexit, but hedge fund managers anticipate being able to benefit in the short term
- 07/07/2016
The board of directors of Alpine Select has taken the decision in principle to reduce in medium-term its exposure in hedge funds – held directly as well as indirectly via its majority holding in ALTIN – and to increasingly focus on traditional topics and/or investment strategies.
Currently, Alpine Select holds directly or indirectly a total of 61.21 per cent in ALTIN Ltd, Zug.
As ALTIN has announced on 30 May 2016 as well as on 21 June 2016, the repayment in the amount of total CHF24 per share as proposed by Alpine Select and decided by the shareholders of ALTIN is
- 07/07/2016
Politics and central bank policy took centre stage through the second quarter in the lead up, and in reaction, to the 23 June Brexit referendum, according to GAM portfolio manager Anthony Lawler (pictured).
“Across asset classes, market pricing and correlations became increasingly influenced by Brexit opinion polls. Expectation around the Brexit vote became a litmus test on emerging populism in developed market electorates,” says Lawler. “Uncertainty on the outcome of the vote, combined with an unexpectedly weak May payroll, pushed back market expectations of Fed rate hikes and lowered the expectations on terminal rates. Uncertainty and rising populism are not
- 06/07/2016
Affiliated Managers Group (AMG) has completed its investments in Capula Investment Management, Mount Lucas Management and CapeView Capital.
Capula is a global fixed income specialist firm managing absolute return, enhanced fixed income, and tail risk strategies, focusing on developing innovative investment strategies that exhibit low correlation to traditional equity and fixed income markets. Founded by chief investment officer and managing partner Yan Huo in 2005, Capula is based in London with affiliated entities in Tokyo, Hong Kong, and Greenwich.
Mount Lucas manages global macro, diversified futures index, commodity futures index, and large cap equity strategies. The firm was founded
- 06/07/2016
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