Latest News
Ivy Investment Management Company is launching two new income-oriented mutual funds in partnership with Apollo Credit Management that, once approved by the SEC, are scheduled to become available in October.
Both funds will include allocation sleeves that will seek to follow current Ivy Fund strategies and the Apollo Total Return Fund strategy, which is Apollo’s flagship strategy in liquid alternative credit.
• Ivy Apollo Strategic Income Fund will include sleeves intended to replicate the Ivy High Income Fund strategy and the Ivy Global Bond Fund strategy, with flexible allocations to each of those strategies of between 10 per cent
- 29/07/2015
Marinus Capital Advisors, an alternative fixed income asset manager specialising in the broad spectrum of structured products, has appointed Aaron Garvey as a senior macro trader.
Garvey was formerly a senior portfolio manager at MKP Capital Management, where he worked from 1996 to 2012 and was a partner from 2004 to 2012. Following his time at MKP, Garvey was a senior portfolio manager at Brevan Howard and at Davy Capital.
“Marinus has long married a top-down macro approach with bottom-up fundamental work in structured credit assets,” says Najib Canaan (pictured), Chief Investment Officer and Managing Partner at Marinus. Garvey
- 29/07/2015
Featuring the latest data, this extract from the Preqin Quarterly Update: Private Equity, Q2 2015 looks at the rising amount of dry powder in the industry and up-to-date performance statistics.
With the fundraising market remaining robust and average final close sizes climbing, dry powder has continued to increase. The level of committed capital available to private equity fund managers for investment is standing at a new high, at USD1.3 trillion (Fig 1). This is an 18% increase since December 2014, with over half of the increase in dry powder attributable to private equity real estate and buyout funds.
Fig 2
- 29/07/2015
Global fund services provider Moore Management, a First Names Group Company, has strengthened its leadership team with the senior appointment of Andrew Maiden (pictured) as a Director.
Maiden will be working closely with Jon Trigg, Head of European Fund Services and Mark Douglas, Head of Guernsey Fund Services, to support the organisation’s long-term strategic objectives and to continue to grow Moore’s current European client base. In his new role, Andrew will split his working week between Moore’s head office in Jersey and their Guernsey operation where he will be based.
Prior to joining Moore, Maiden carved out a highly successful
- 28/07/2015
EBS BrokerTec, ICAP’s electronic foreign exchange and fixed income business, has combined MyTreasury – an ICAP owned, established Money Market Fund (MMF) platform for the corporate treasury community – into its product portfolio.
Furthermore, by leveraging its existing platform and established network, EBS BrokerTec is adding an FX offering onto MyTreasury which will be available later this year. It will be branded “EBS Treasury”.
The addition of the existing MyTreasury business into EBS BrokerTec, coupled with the integration of FX, is another key milestone in EBS BrokerTec’s expansion, increasing its product offering to include money market funds and expanding its
- 28/07/2015
PrimeRevenue, a platform for working capital finance solutions, has established PrimeRevenue Capital Management, a new venture focused on offering alternative funding sources for its corporate clients and investment opportunities for investors looking to access new income sources.
The PrimeRevenue entity is headed by Richard Tynan, Managing Director of PrimeRevenue Capital Management, and is based in London. This new company offers low-risk and low-cost access to capital that allows businesses to be agile and deploy supply chain finance programs faster.
“As one of the largest originators of trade assets, we are revolutionising the market once again, allowing businesses to select from
- 28/07/2015
The Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) will list options on Shake Shack, Inc. (ticker symbol: SHAK) beginning Tuesday, 28 July, 2015.
Shake Shack, founded in 2004, owns, operates and licenses Shake Shack restaurants (called Shacks) in the United States, Europe and Asia. Shacks are modern-day “roadside” burger stands offering hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine.
- 28/07/2015
Lawson Conner has launched Lawson Conner Guardian, a comprehensive set of solutions to help protect fund managers and financial services firms from the increasing threats of cyber security.
Lawson Conner has supported over 100 firms in the past to stay compliant and to implement solutions to reduce the risks such as cyber security risks.
Recently, risks of cyber attacks have grown exponentially as fund managers and financial services firms have become more integrated with counter-parties and system architectures have grown in complexity. Due to the industry’s heavy reliance on data and the sensitivity of the data involved in financial services
- 28/07/2015
FTSE has launched the FTSE All-World ex Coal Index Series, a suite of benchmarks that will omit companies that have certain exposure to coal or general mining companies with proved and probable coal reserves.
The new index series will assist market participants in managing their portfolio exposure linked to fossil fuels.
The methodology behind the indexes is based on the exclusion of companies whose principal business activity is either Coal Mining or General Mining as identified by the Industry Classification Benchmark (ICB). In addition, revenues must arise from various forms of Coal Mining as stated by the Standard Industrial
- 28/07/2015
VAM Funds has launched the Focused Global Equity Fund, a best ideas strategy incorporating portfolio hedging to reduce volatility and downside risk.
The VAM Focused Global Equity Fund is a Luxembourg-based UCITS IV compliant fund that combines two core elements:
• A concentrated and conviction-based focus on stock selection with a high active share that acts as the dominant driver of the fund’s performance,
• An active risk management strategy that supports the focused portfolio construction with the objective of reducing volatility and downside risk.
Nigel Watson (pictured), VAM Sales Director, says: “We’ve seen strong demand from advisers for
- 28/07/2015
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