Latest News
Allianz Risk Transfer (ART) and Nephila Capital (Nephila) they have successfully piloted the use of blockchain smart contract technology for transacting a natural catastrophe swap.
The test run not only demonstrates that transactional processing and settlement between insurers and investors could be significantly accelerated and simplified by blockchain-based contracts, but also points to other benefits such as increased tradability of cat bonds and wider opportunities to apply this technology in other insurance transactions.
So-called catastrophe or ‘cat’ swaps and bonds are financial instruments which transfer a specific set of risks, typically natural disaster risks such as hurricanes or typhoons, from
- 16/06/2016
Palmer Square Capital Management, an investment management firm that provides structured credit, corporate credit and hedge fund strategies such as long/short credit to a wide range of investors, has closed on its seventh Collateralised Loan Obligation (CLO).
Palmer Square has been a pioneer in structuring and executing on static pool CLO transactions. The firm closed its first static CLO transaction, on 16 January, 2016 and its second static CLO transaction on June 8, 2016. In total, the transactions amounted to USD400 million in issuance. JPMorgan Securities acted as lead arranger on both transactions. Similar to Palmer Square's five recent transactions,
- 16/06/2016
With one week to go until the UK referendum on membership of the EU, Hermann Beythan, partner at law firm Linklaters, is warning that Brexit could push up costs for hedge funds.
“If the UK were to exit the EU, there will be an impediment for the export of fund services and products whilst the costs to operate and distribute fund shares would increase materially,” says Beythan.
One of the main issues is around ‘fund passporting’ – at the moment through a UCITS passport, UK funds can be sold directly to European investors.
“Under Brexit, a UK fund would have
- 16/06/2016
- 16/06/2016
Hedge funds gained 0.78 per cent in May, its third consecutive positive month, according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year to date, the Index is up 0.85 per cent.
Sixteen of Barclay’s 18 hedge fund indices had gains in May. The Technology Index was up 2.74 per cent, Distressed Securities gained 2.14 per cent, Healthcare and Biotechnology was up 2.30 per cent, European Equities gained 1.65 per cent, and the Equity Long Bias Index added 1.21 per cent.
“Good news on the US economic front helped push the S&P 500 Total Return Index to a 1.80
- 16/06/2016
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
Special Reports
FeatureD
- Intel
- April 26, 2024
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
