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Interactive Data’s continuous evaluated fixed-income pricing (CEP) and liquidity indicators services are now available to FactSet clients. FactSet provides integrated financial information and analytical applications across asset classes to more than 63,000 users around the world. As the shift to electronic bond trading platforms continues, the need for independent, high-quality data that allow users to assess quote quality and enhance price discovery has grown. Interactive Data now supplies leading bond-trading platforms and applications with independent reference prices, insights into bond values and greater pre- and post-trade transparency.   “We are pleased to be able to offer Interactive Data’s CEP and
The Bahamas has developed into a jurisdiction capable of responding to the needs of investors – be they wealth managers or single- or multi-family offices – and whilst there is still some way to go to build out its institutional investor base, the tools are in place to support a wide variety of investment requirements.  Some of the innovations that The Bahamas has introduced, such as the ICON legal structure and the SMART Fund series, have helped to put it on the map and it has certainly helped attract more business.  “The ICON has been moderately successful but we are
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Michael McCabe as Sales Director. McCabe joins from BNY Mellon’s Alternative Investment Services business where he spent more than 10 years leading the North American business development team, following senior roles in operations and relationship management.  With more than 30 years’ experience in the alternative investment industry, McCabe will play a key role in driving business development in North America for MUFG Investor Services’ asset servicing solutions across hedge funds, fund of funds and private equity/real estate funds. These solutions include fund administration, middle-office outsourcing,
Ellipsis Asset Management (Ellipsis AM) has retained Societe Generale Securities Services (SGSS) to provide master-feeder solutions to support the distribution of its French flagship funds in Europe. Since January 2016, Ellipsis AM has launched two new sub-funds within its UCITS compliant, Luxembourg-registered SICAV, Ellipsis Funds, to act as feeders to its French master funds: European Convertible, a feeder sub-fund for the Ellipsis European Convertible Fund (a French-domiciled fund with EUR 670 million in assets under management); and Top ECI, a feeder sub-fund for the Ellipsis Master Top ECI Fund (a French-domiciled fund with EUR430 million in assets under management) By
Catalyst Funds, an alternative-focused mutual fund company, is converting a fifth hedge fund product – the Catalyst/Millburn Hedge Strategy Fund (MBXIX) – to a mutual fund.  It is the latest alternative offering from Catalyst that brings an investment strategy once only available to accredited investors to the retail marketplace. Since the fund’s inception in 1997, it has generated an 11.36 per cent net annualised return compared to 7.44 per cent for the S&P 500 TR Index.   MBXIX trades a diverse portfolio of global equity, currency and interest rate instruments, as well as futures contracts on commodities in the energy,
BlackRock and Bank of America’s asset management business, BofA Global Capital Management, have completed a transaction transferring investment management responsibilities of approximately USD80 billion of AUM currently managed by BofA Global Capital Management to BlackRock.  The assets of five taxable money market funds, a US dollar offshore fund, a private fund and customised separate account strategies were transferred to BlackRock through this transaction. The combined platform of over $370 billion in assets under management will enable BlackRock and legacy-BofA Global Capital Management clients’ broader access to high quality, global liquidity investment solutions. BlackRock will continue to enjoy a strong distribution
Entrepreneur Shane Brett (pictured) is CEO of hedge fund consultancy Global Perspectives and co-founder of FinTech startup, GECKO.
BMO Global Asset Management has released its latest white paper, titled "Finding a new balance with alternatives,” which considers the evolution of the traditional 60/40 equity/bond balanced portfolio split over the past several decades and concludes that, given the current market environment, investors should consider including alternative strategies to generate potentially stronger returns. Alternative investments feature a diverse group of strategies and management styles. Among those often included within liquid alternatives mutual funds are equity hedge, credit, relative value and macro-driven tactics. Combined within a multi-manager fund, the overall objective typically emphasises absolute returns – relying less on the direction
GSO Capital Partners has appointed David Flannery as a Senior Managing Director focusing on distressed strategies in both private and public markets. He will be based in New York and brings to Blackstone his extensive experience across leveraged finance. With nearly 25 years of industry experience, Flannery joins Blackstone from Anchorage Capital Group, where he focused on illiquid credit opportunities and CLOs. Prior to joining Anchorage, he worked at Bank of America Merrill Lynch (BAML) for five years where he held several global group head roles including Chief Risk Officer of Global Banking & Markets and Global Head of Leveraged
Angel Oak Capital Advisors is acquiring the Rainier High Yield Fund as part of the Angel Oak Trust.  Shareholders voted to approve the reorganisation of the Fund and its investment team into the Angel Oak High Yield Opportunities Fund. The adoption will add approximately USD40 million in assets to Angel Oak Capital’s nearly USD5.5 billion in assets under management and further augment the company’s fixed income investment product offering. Joining Angel Oak Capital are Matthew Kennedy, CFA, and James Hentges, CFA, two seasoned investment professionals who have led Rainier Investment Management’s high yield mutual fund since its inception in 2009.

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