Latest News
HSBC France is a new user of Eurex Clearing’s EurexOTC Clear for Interest Rate Swaps (IRS). The company has been connected as direct clearing member and has already cleared first transactions via EurexOTC Clear.
“We are delighted that HSBC France has decided to also use our OTC clearing service for its interest rate swaps business. Our offering helps to ease the rising costs of regulation by benefitting from margin, capital and collateral efficiency,” says Matthias Graulich (pictured), Chief Client Officer, Eurex Clearing.
Currently, around 50 clearing members and more than 80 buy-side firms are connected to Eurex Clearing’s OTC
- 27/08/2015
CIT Group a provider of commercial lending and leasing services has formed a joint venture with funds managed by TPG Special Situations Partners (TSSP), a dedicated special situations and credit platform with over USD12 billion in AUM.
Strategic Credit Partners, a CIT TSSP Joint Venture, will have a target size of USD500 million and will provide senior secured financing to companies in a variety of industries throughout the United States, including communications, healthcare, information services and technology, industrials and restaurants. CIT Asset Management LLC will serve as Administrative Agent to the joint venture.
“We are pleased to enter into
- 27/08/2015
AcadiaSoft, provider of the MarginSphere collateral hub, has appointed Mark Demo (pictured) as Product Director.
Demo, who will assume responsibility for directing the company’s response to regulatory changes and will lead AcadiaSoft’s product and industry working groups, will be based in New York and will report to AcadiaSoft Chief Executive Officer Chris Walsh.
Demo joins from JP Morgan Chase where he was Vice President of Business Architecture and Transformation and was responsible for Collateral Market Infrastructure planning in the OTC Derivative space and for implementing technology and business process changes associated with Derivatives Financial Reform in the JP Morgan Corporate
- 27/08/2015
The number of Jersey funds marketing into Europe through national private placement regimes (NPPRs) under the EU Alternative Investment Fund Managers Directive (AIFMD) broke through the 200 barrier in June.
Net asset values under administration in the island’s alternatives sector are up 15 per cent on the previous year.
According to latest figures (June 2014) from the Jersey Financial Services Commission (JFSC), 205 Jersey funds are now being marketed into Europe through private placement regimes, an increase of 10 per cent on December 2014, whilst 84 fund managers have now received private placement authorisation, up 40 per cent over the
- 27/08/2015
The global hedge fund industry has seen a USD76 billion net inflow of assets through the first half of 2015, bringing the size of the industry to USD3.22 trillion, according to figures released by Preqin.
The second quarter saw the greater amount of inflows from investors, with USD48 billion in Q2 compared to USD29 billion in first quarter. Single-manager hedge funds specifically saw net inflows of USD52 billion in Q2, three times as much as the USD18 billion net inflow of assets they recorded in the first quarter. CTAs, on the other hand, had a net outflow of USD5 billion
- 27/08/2015
Forty four per cent of buy-side asset managers are relying on mostly or completely manual processes for managing complex swaps across the investment lifecycle, according to a new survey by SimCorp.
And more than 50 per cent claim they still require some amount of manual intervention in a semi-automated process. In addition, more than half of asset managers are unable to obtain a consolidated view of their derivatives exposures alongside all other asset classes. The survey polled 57 individuals from 32 different buy-side firms in North America.
Swaps require ‘look-through,’ an interpretation tool that allows firms to see all of
- 26/08/2015
Euronext saw record trading volumes on its markets on 24 August 2015. On cash markets over 550 million orders were managed, surpassing the previous record set in January 2015 by 22 per cent.
A total of 4,478,154 transactions were completed – another new record and an increase of 16 per cent on the previous highest total set on 9 August 2011.
In derivatives markets, including commodity markets, 217 million orders were managed, with some 1,515,232 contracts traded, the highest total since 16 December 2014. Euronext’s internal system managed more than 668 million theoretical price updates (more than 2.5 times
- 26/08/2015
- 26/08/2015
Alternative methods of accessing the private real estate market, including separate accounts, joint ventures and co-investments, are under the spotlight in this extract from the Preqin Investor Outlook: Alternative Assets, H2 2015.
Recent years have seen an increase in institutional investor appetite for alternative structures, which offer the investor a variety of benefits over the traditional commingled fund model, including greater control over their real estate portfolio, lower fees and a greater level of exposure to attractive assets. Fig 1 illustrates that the proportion of investors that will invest through separate accounts has steadily increased since 2011, with 39
- 26/08/2015
Hatteras Funds has opened up access to its Alternative Multi-Manager Fund (HHSIX). The Fund, which has been available to select institutional clients since 2011, will continue to be co-managed by Portfolio Managers Michael P Hennen and R Ty Powers.
“With uncertainty and volatility facing both stock and bond markets, Financial Advisors are looking for tools to help manage risk within their portfolios. The Alternative Multi-Manager Fund is designed to complement a traditional portfolio of stocks, bonds and cash,” says David Perkins (pictured), Chief Executive Officer, Hatteras Funds. “The Fund provides diversified alternatives exposure in a single investment. We believe it
- 26/08/2015
Jeff Mazer and Katya Baron have joined Aequitas Capital as senior managing director of capital markets and treasury, and managing director of capital markets, respectively.
Mazer has more than 30 years of financial services industry experience. He most recently served as a director at Bank of America Merrill Lynch's Global Liquidity Investment Solutions unit, where he led a team that helped deliver investment management solutions for clients with approximately USD63 billion in assets.
Mazer will be responsible for managing the company's portfolio of investment offerings, executing senior and junior debt and credit strategies, and serving as an advisor to executive
- 26/08/2015
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