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An economic slowdown in Asia was listed by 22 per cent of respondents of a recent survey conducted by The Depository Trust & Clearing Corporation (DTCC) as the biggest systemic risk to the broader economy – a dramatic change from just one year ago when only one per cent of respondents ranked an economic downturn outside of the EU/US as the biggest risk.
The increasing focus on macroeconomic risks is further supported by rising concerns over the US and European economy. A US slowdown was ranked as a top five concern for 37 per cent of respondents, up from 28
- 26/04/2016
After decades of sustained growth, volume in the US options markets has plateaued even as volatility has surged. A number of issues are to blame for the decline, including waning investor interest, the exodus of proprietary bank trading activity, and the growing complexity of market structure.
The fragmented exchange landscape is a primary driver of market complexity, as exchanges compete through innovative trading functionality to attract order flow from market participants. One of these innovations is the price improvement auctions, which allow retail investors to get price improvement. However, their success has created challenges for the long-term viability of
- 26/04/2016
Law firm Seward & Kissel has appointed Ivy Wafford Duke as Counsel in the Investment Management Practice Group based in the firm’s Washington DC office.
Duke has more than two decades of in-house experience in the investment management sector. Most recently, she served as Vice President and Acting General Counsel for Calvert Investments, Inc. In that role, Duke was responsible for overseeing all legal and regulatory matters affecting the affiliated SEC registered investment adviser, broker-dealer, and the Calvert mutual funds.
“Ivy’s extensive in-house experience, particularly her unparalleled knowledge of 1940 Act matters, makes her a valuable addition to the
- 26/04/2016
Investors redeemed an estimated net USD4.60 billion from hedge funds in March, the fifth month in the last six in which redemptions outpaced allocations, according to the latest eVestment Hedge Funds Industry Asset Flow Report.
Performance gains during the month offset redemption pressure, helping to increase total industry assets USD29.59 billion in March to USD2.982 trillion.
Investor flows were negative in Q1 2016. Net outflows of USD14.35 billion followed net outflows of USD26.77 billion in Q4. The current wave of investor dissatisfaction is similar to what the industry experienced in H2 2011 in the aftermath of losses from the first
- 26/04/2016
CIBC Asset Management has launched the Renaissance Flexible Yield Fund, providing Canadian investors with access to a mandate from US bond portfolio manager, Jeffrey Gundlach of DoubleLine.
Renaissance Flexible Yield Fund is a global fixed income solution that leverages tactical allocation and active duration management with the goal of providing investors with attractive potential total return, while aiming to lower volatility. The fund has flexibility to move across multiple fixed income sectors and the portfolio manager may tactically adjust sector weights to capture opportunistic gains from market fluctuations.
"We are delighted to bring this unique fixed-income mandate to Canadian investors
- 25/04/2016
A new two-part report from capital markets consulting firm GreySpark Partners shows that financial firms on the buy and sell-side are failing to effectively use big data technology to their advantage.
Examining how big data technology is being used by banks and other types of financial institutions in 2016, the two sections of the study – respectively big data Technology in Investment Banking, and big data Use Cases in Financial Services – claim that, while big data solutions are increasingly being deployed by the companies to manage the voluminous amounts of structured and unstructured data that they hold, many of
- 25/04/2016
The overall sentiment within the room at CAIS 2016 was one of optimism. This is perhaps the most exciting period the alternatives fund industry has known and as assets continue to flow into the industry, there is no sign that the brand is running out of steam.
Tomorrow's winners will be those who embrace the pace of change, particularly in respect to regulation; directives such as AIFMD, Dodd-Frank, and the more pervasive MiFID II, are forcing alternative fund managers to re-imagine their business and operating models to enhance the level of transparency. This, in turn, will help forge closer alliances
- 25/04/2016
BNY Mellon has been appointed by Winterflood Securities to provide US DTCC and Canadian securities clearing and custody services.
BNY Mellon Broker-Dealer Services will provide clearing and settlement services, operating as a direct participant in the US and through a single sub-custodian in Canada. Winterflood Securities will benefit from BNY Mellon’s enhanced clearing solution, which permits earlier transmission of client orders to the North American market, allowing for realignment of collateral should it be required.
Simon Rafferty, Chief Operating Officer at Winterflood Securities, says: “BNY Mellon impressed us with its experience and knowledge of the North American securities market and
- 25/04/2016
bfinance, the independent investment consultancy, has appointed Mark Brownlie as Chief Financial Officer (CFO), bringing more than 15 years’ experience of accelerating growth and increasing enterprise value for businesses across the financial services, tech and media sectors.
The appointment of a dedicated CFO reflects bfinance’s strong growth in recent years, both in the UK and internationally and the broadening scope of the markets the consultancy covers and the services it provides. Strengthening the finance function will help anchor the firm’s expansion and provide more detailed financial insights and analysis to guide the consultancy’s expansion strategy.
As a finance professional,
- 25/04/2016
Datawatch Corporation has reached an agreement with Potrero Capital Research whereby Charles Gillman, Executive Managing Director of the IDWR Multi-Family Office has been appointed to the Datawatch Board of Directors, effective immediately.
Gillman will fill a vacancy created by the resignation of Dr Terry Potter who will step down due to other commitments. Gillman will join the Corporate Governance and Nominating Committee and the Compensation and Stock Committee.
Richard de J Osborne, Chairman of the Datawatch Board of Directors, says: “Datawatch believes the addition of Mr Gillman will bring a fresh perspective and valuable experience to the board. On
- 25/04/2016
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