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Maples Fund Services has opened an office in San Francisco, the firm’s first on the west coast. The expansion further solidifies the firm’s North American presence and bolsters its service offering for clients in the region.
Additionally, the office will give MaplesFS greater exposure to the tight-knit local community of investment managers and institutional investors, as well as the broader network of service providers, in the area.
“MaplesFS is recognised globally for its proprietary technology and unique client service model and we are always looking to capitalise on opportunities to showcase this,” says Tyler Kim, MaplesFS’ Chief Information Officer
- 22/07/2015
LME Clear, the clearing house for the London Metal Exchange market, has received approval from the Bank of England (BoE) to launch a trade-compression service, giving members the opportunity to reduce the notional value of their positions and simplify their portfolio management.
“In some cases, LME Clear’s new compression service could reduce the notional value of a member’s positions by as much as 90 per cent. At the same time, it will reduce the number of positions members manage, which increases operational efficiency and minimises risk,” says Trevor Spanner (pictured), CEO at LME Clear.
The new post-trade, risk-neutral system will
- 22/07/2015
Thomson Reuters has released the StarMine Combined Alpha Model (CAM), a model that combines all the available StarMine equity alpha models into one comprehensive and powerful alpha-generating signal.
The weights assigned to each model vary by region. Thus, StarMine CAM recognises the fact that some regions, such as the US and Japan, are more value focused while in Developed Europe and Asia ex-Japan momentum plays a larger role. The model intelligently handles missing data and makes use of all available StarMine alpha models for a given security.
StarMine CAM provides investment managers with a resourceful factor to help create market-beating
- 22/07/2015
Only 15 per cent of US hedge fund managers are now AIFMD compliant, compared to 82 per cent of European Managers, according to Preqin’s latest survey of global hedge fund managers.
While most UK- and Europe-based hedge fund managers are AIFMD-compliant, by contrast, there has been slow uptake among firms beyond the EU’s borders – a quarter of hedge fund managers based across Asia and Rest of World currently comply, but only 15 per cent of firms based in the US.
A large proportion (42 per cent) of fund managers based outside the EU do not plan to raise capital
- 22/07/2015
This article investigates the future plans of institutional investors in infrastructure, featuring the latest data from the Preqin Quarterly Update: Infrastructure, Q2 2015.
When investing in the infrastructure space, the majority of investors will target domestic opportunities in the next year (Fig 1). However, a large proportion of investors also seek geographical diversification when making investments, particularly North America-based institutions, with 57 per cent of these investors targeting global opportunities in the next 12 months.
As the infrastructure asset class matures and investors become more sophisticated, many establish separate infrastructure allocations, as opposed to targeting the asset class through
- 21/07/2015
This extract from the Preqin Quarterly Update: Private Debt, Q2 2015 offers insight into the annualised contributions and distributions of direct lending and mezzanine funds, as well as examining the current record levels of dry powder in the asset class.
Fig 1 shows the relationship of annualised contributions and distributions, as well as the net cash flows, for an investor with a USD10 million commitment to a direct lending fund. This examination of the typical cash flows to and from an investor further highlights the relative illiquidity of the private debt asset class. Given the lower risk/return profile of direct
- 21/07/2015
Two-thirds of top-tier financial institutions have established reconciliation centres of excellence (CoE) following a recent wave of consolidation of the reconciliation function within these institutions, according to a study by SunGard and Aite Group.
Compliance requirements continue to place pressure on firms. Forty percent of respondents said compliance and regulatory reporting were the largest factors driving reconciliation, as institutions race to work through a significant backlog of reconciliation requirements.
The speed at which this book of work can be addressed varies, but the average time taken to deliver new production reconciliations is around 64 days. This is inhibiting their
- 21/07/2015
CME Group and Multi Commodity Exchange of India Limited (MCX) have signed a Memorandum of Understanding (MOU) on various cooperation activities and potential business opportunities, including a joint viability study of setting up operations in an International Finance Service Centre in India.
Under this MOU, various initiatives between CME Group and MCX will also include the establishment of a joint working group to explore opportunities to develop and market new products and services for the US and Indian markets, as well as collaboration on customer education.
At the same time, CME Group and MCX also announced the extension of
- 21/07/2015
Options, a managed service and IT infrastructure provider to the global capital markets industry, has opened a new central London office. The move sees the firm consolidate its two existing London offices into one larger premises in the Victoria area of central London.
The 5,000 square feet office, situated in Portland House, Victoria, will accommodate growing staff numbers within the firm and have capacity for over 100 employees.
The SW1 office boasts an impressive location with Victoria Street on its doorstep. Crucially, this location will ensure that Options’ engineering, support, account management and sales teams are within close proximity
- 21/07/2015
- 21/07/2015
Euronext has expanded it Spotlight options offering with new options on IMCD, a distributor of speciality chemicals and food ingredients (ticker symbol: IMD).
The options follow the company’s successful IPO on Euronext and are available for trading on the Amsterdam market with immediate effect.
The Spotlight segment is dedicated to the development of new option classes requested by market
participants. The Spotlight options on Euronext-listed underlying values have short-term maturities of one, two and three months. The combination of added liquidity and visibility allows the option classes to grow to become mature option classes. If these option classes take
- 21/07/2015
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