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CME Group Executive Chairman and President Terry Duffy has welcomed the European Securities and Markets Authority's (ESMA) recognition of CME Inc under EU regulations.
"We are very pleased that today the European Securities and Markets Authority (ESMA) granted CME Inc's application for recognition for our clearing house,” says Duffy. “Central clearing is a critical component of the G-20 commitments, which increases transparency, reduces systemic risk and strengthens the financial system. Today's action by ESMA will ensure that CME Clearing will be able to continue to provide the clearing services that our global customers depend upon to manage risk. It also
- 15/06/2016
- 15/06/2016
Quest Partners (Quest), a research driven quantitative investment firm has appointed Prashant Kolluri, a 20-year investing veteran, who as President.
Working in tandem with Founder and CIO Nigol Koulajian, Kolluri will focus on building the existing institutional client base, overseeing firm operations and further enhancing the firm’s propriety research and investing processes.
“As institutional investors increasingly seek specialists who offer differentiated sources of return and generate ‘true’ alpha, we have remained focused on continuing to invest in research, technology and most importantly our people,” says Koulajian. “We believe it is this commitment that has led to Quest’s success over the
- 15/06/2016
Hamilton Lane has held the final closing of Hamilton Lane Strategic Opportunities Fund 2016 with more than USD210 million in limited partner commitments, exceeding its initial target of USD150 million.
The Fund was created as a unique solution for LPs seeking short duration, risk-adjusted returns. Structured as an annual series with a single-year investment period, the Fund is focused on making credit-oriented investments with consistent cash yield.
"At Hamilton Lane, we are focused on using our global private markets platform to provide solutions to our clients," says Erik Hirsch, CIO of Hamilton Lane. "In a low-yield, public market environment, private
- 15/06/2016
eVestment has launched a revised version of its analytics platform which the company describes as a ‘re-imagining of how a big data solution should work and perform’.
According to eVestment, cloud-based technology has become ubiquitous in consumer and business realms. But many B to B solutions lag their consumer brethren in usability. Technology users now expect all their tech tools to be as efficient and intuitive as possible.
“Business data solutions obviously contain exponentially more data and functionality than consumer solutions, but they can’t be exponentially more complex,” says eVestment Co-Founder and Chief Operating Officer Matt Crisp. “Our clients
- 15/06/2016
Bats Hotspot has announced plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016.
A division of Bats Global Markets (Bats: BATS), Bats Hotspot is a global foreign exchange market with offices in London, New York and Singapore.
“We are excited to expand the Hotspot product offering to include forwards contracts, meeting what we see as a real client need for additional sources of anonymous liquidity in these products,” says Bats Global Markets CEO Chris Concannon.
The new market will operate as an anonymous order book and will utilise the Hotspot matching engine
- 14/06/2016
Cowen Group has appointed Kevin LoPrimo (pictured) as managing director – head of international prime brokerage at Cowen Prime Services (Cowen Prime).
Mike Rosen, Managing Director and Global Co-Head of Prime Brokerage Services, says, “Cowen has been laying the groundwork for our entry into the prime brokerage and outsourced trading business in Europe for many months and we are pleased to welcome Kevin to our leadership team. We believe that his extensive international prime brokerage expertise will help accelerate the implementation of Cowen Prime’s platform in Europe and Asia and the introduction of our comprehensive solutions to investment managers in
- 14/06/2016
Russ Oxley is to leave Old Mutual Global Investors with immediate effect following a difference in opinion over the future strategic direction of the firm.
Adam Purzitsky and Paul Shanta have now been appointed as Co-Heads of the Absolute Return Government Bond team (ARGB team), which was perviously run by Oxley (pictured), reporting to Paul Simpson, Investment Director.
Purzitsky and Shanta joined Old Mutual Global Investors in early 2015 along with the other members of the ARGB team. They have been instrumental in the management and development of the Absolute Return Government Bond strategy over the last seven and eight
- 14/06/2016
- 14/06/2016
Distribution is a critical consideration for those wishing to market their hedge funds into Europe. But regardless of whether that fund is UCITS-compliant or an AIF, the continuous evolution of European regulation means that managers have to stay one step ahead, and evaluate just how much of an impact it will have on their marketing distribution strategies.
The following report will provide an assessment of current market regulation, how that is impacting the distribution of AIFs, and, importantly, what some of the key regulatory developments are in the pipeline that managers need to be aware of.
Section A: What’s on?
- 14/06/2016
- 14/06/2016
SS&C Technologies Holdings has launched SS&C Global Gateway, a new SaaS platform for web-based portfolio management, analysis and reporting.
Specially designed for insurance companies and other buy-side asset managers, SS&C Global Gateway is a SaaS-delivered platform that makes comprehensive investment reporting and analytics simple through dynamic dashboards that are easily customised by the end user, and SS&C's best-of-breed technology on the back end delivered through transparent services. The result is more sophisticated analytics and superior functionality than SaaS platforms powered by one-size fits all back-end solutions.
SS&C Global Gateway handles a very broad range of asset classes — including fixed
- 14/06/2016
Nomura Research Institute (NRI), a provider of consulting services and system solutions, has launched VOLCS, an ASP (Application Service Provider) multipurpose management system for financial institutions.
VOLCS provides two functions such as due day management for structured bonds and OTC derivatives as well as cash management, and the former is usually not available in an existing enterprise system. Each function can be used independently and thus can be used by non-financial firms depending on their purposes.
Most recently, structured bonds and OTC derivatives have been receiving more attention due to the effects of stock price changes and Japan’s negative interest
- 14/06/2016
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