Latest News
Tim Edwards, Senior Director, Index Investment Strategy at S&P Dow Jones Indices has investigated the news this week from ETFGI that ETF assets have overtaken hedge fund assets.
“It may have taken a little longer than we expected, but ETFs are now a bigger part of the market than hedge funds” Edwards writes.
“In order to explain why hedge funds might be losing out in the race for assets, we thought we would re-examine the challenge of replicating hedge fund performance. When it comes to individual hedge funds, which are typically unconstrained by assets, leverage or geography, replication is
- 24/07/2015
The current economic climate may be difficult to read but it does present investment opportunities. Identifying these opportunities and the systems to support them is becoming an increasing challenge.
We are running a survey to find out how our industry is reacting to the current economic climate with a view to pin-pointing what systems and analytical capabilities are common place amongst investment managers and what measures need to be put in place to improve this processes.
Have your say by completing our simple questionnaire…
- 24/07/2015
- 24/07/2015
The European Securities and Markets Authority (ESMA) has launched a consultation on proposed Guidelines on sound remuneration policies under the UCITS V Directive and AIFMD.
The Directive includes rules that UCITS must comply with when establishing and applying a remuneration policy for certain staff categories and the proposed UCITS Remuneration Guidelines further clarify the Directive’s provisions.
The proposed Guidelines aim to ensure a convergent application of the remuneration provisions and will provide guidance on issues such as proportionality, governance of remuneration, requirements on risk alignment and disclosure. The final Guidelines will apply to UCITS management companies and national competent authorities.
- 24/07/2015
Convergex has launched a new Buy-Write Algorithm, which leverages its advanced VWAP equity algorithm and Pulse options algorithm to allow clients to electronically employ a buy-write trading strategy.
Convergex’s Buy-Write Algorithm combines the power and reach of the firm’s equity trading capabilities with the cutting-edge technology of its options business, to purchase equities while simultaneously selling call options on the same stock. Using the Buy-Write Algo, clients can hedge their equities trades while also generating additional income from options premiums.
“Our diverse client base is always looking for new ways to extract more yield from the marketplace,” says Oliver
- 24/07/2015
- 24/07/2015
Patrick Beranek, a 20-year industry veteran and most recently the head of Asset-Backed trading for Royal Bank of Scotland (RBS) has joined Mischler Financial’s capital markets division as Managing Director, Structured Products.
Beranek previously ran asset-backed trading and syndicate for Mizuho Financial Group Inc. and Bank of America Corp. Prior to those senior sell-side roles, Beranek was a portfolio manager for Federal National Home Mortgage Corp (FNMA). In this newly-created role at Mischler Financial, Beranek will oversee primary market activities of structured products. He will report to Robert Karr, Mischler's Head of Capital Markets.
Karr says: "The ABS market has
- 23/07/2015
Backstop Solutions Group – a provider of cloud-based solutions designed to help the institutional investment industry save time, increase productivity and make better investment decisions – has partnered with Preqin Ltd.
With this partnership, Backstop users can now seamlessly integrate Preqin investor data into their Backstop CRM platform.
“Many of our clients are already using the Preqin database to source potential clients, so this partnership will further streamline their sales and marketing efforts and help them work more efficiently.” says Robert Goldbaum, Backstop’s Vice President of Product & Market Strategy. “With this integration, Backstop clients will have access to the
- 23/07/2015
- 23/07/2015
Murex, a provider of integrated trading, risk, collateral and processing solutions, has partnered with Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC).
With real-time certified connectivity to Omgeo Central Trade ManagerSM (Omgeo CTM), the Murex MX.3 platform provides increased automation and straight through processing (STP).
Buy- and sell-side clients will benefit from a single platform to support their investment process, seamlessly integrated from the order management system (OMS) to post-trade operations and settlement, including exceptions management with brokers directly from a centralized end-user dashboard.
Simon Powell (pictured), Regional Manager of Global Partners at DTCC’s Omgeo,
- 23/07/2015
Following the successful launch of its first EUR354.7m European CLO in July 15th 2015, Tikehau has appointed Alison Goold as a Portfolio Manager in the European CLO business, which is headed up by Debra Anderson.
Goold has a wealth of leveraged credit lending experience spanning 23 years and bolsters Tikehau’s London based team, bringing expertise in syndicated leveraged loan transactions as well as private debt transactions within Tikehau’s European CLO business.
Most recently, Alison Goold was a Director in the leveraged syndications team at BNP Paribas, after being at the Head of Corporate Credit and a Portfolio Manager at
- 23/07/2015
Virtus Partners has launched a new hedge fund administration service focused on credit and fixed income managers. The offering is built on SunGard’s VPM portfolio accounting and reporting solution, part of SunGard’s Hedge360 suite.
Alternative investment fund managers looking to invest in credit products across the bank loan and corporate debt space are often faced with a bottleneck at their administrator, making it difficult to cope with the complexity of credit investment strategies. This also limits the fund’s range of potential strategies, impacting returns.
Virtus is overcoming these challenges by combining its expertise in credit and fixed income strategies and
- 23/07/2015
Cyril Meilland has been appointed Head of Investor Relations for Amundi in the run up to the Group’s IPO.
Meilland was previously responsible for research on European banks at Kepler Cheuvreux from 2010. Between 2008 and 2010, he led investor relations at BNP Paribas. Cyril began his career at Banque Indosuez (now CACIB) in the finance department, before becoming an equity sell-side analyst.
Meilland is a graduate of French business school HEC. He holds a master’s degree in banking and financial management from Paris Dauphine University and is a Chartered Financial Analyst (CFA). He was named Best Investor Relations Officer
- 22/07/2015
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