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Investec Investment Bank & Securities (IIBS) has appointed Paul Locke and Darren Vickers, to its C
closed-end fund team.
Locke is a Senior Investment Funds Analyst with over 18 years’ experience across a wide range of products within the closed-end fund and investment trust market. Initially a country risk analyst with Dun & Bradstreet, Paul started his City career with Panmure Gordon before spending extended periods at both HSBC and Canaccord Genuity.
Vickers joins Investec from Westhouse Securities. He has completed a significant number of transactions, including IPOs and secondary fundraisings, at both Westhouse and previously Charles Stanley Securities.
- 12/02/2015
- 12/02/2015
The Lyxor Hedge Fund Index was up +1.4% in January. 7 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+5.6%), the Lyxor Fixed Income Arbitrage Index (+4.4%), the Lyxor Global Macro Index (+2.7%), the Lyxor L/S Equity Variable Bias Index (+2.2%).
Market activity was limited ahead of the ECB meeting, the key catalyst in January, and positioning remained under stressed. ECB didn’t disappoint. It announced a large open-ended QE program, amounting to EUR60 billion per month. It was warmly welcome by the Street, with cautious odds of success being priced
- 11/02/2015
- 11/02/2015
Investment bank Greenhill & Co is to acquire Cogent Partners, a financial advisor to pension funds, endowments and other institutional investors on the secondary market for alternative assets.
Cogent advises such institutions on sales of interests in private equity and similar funds, as well as providing restructuring, financing, valuation and related advisory services. Cogent has advised on transactions involving thousands of limited partnership interests since its founding in 2002, and had revenues of approximately $45.8 million (unaudited) in 2014. The acquisition advances Greenhill's ambition to create the leading independent global financial advisory firm, with capabilities to advise clients on
- 11/02/2015
- 11/02/2015
Tim Thornton, Chief Data Officer, Mitsubishi UFJ Fund Services, says fund managers could face regulatory sanctions over EMIR…
The reporting of over-the-counter derivatives and exchange traded derivatives as mandated under EMIR has been in place for a year. While a number of managers have overcome some of the initial teething problems they had with reporting to trade repositories, challenges do remain. Errors and mistakes during the reporting process are still common. Regulators have indicated they intend to clamp down on firms submitting inaccurate data, but fund managers have onerous reporting obligations, which require processing significant quantities of data.
The requirement
- 11/02/2015
Guernsey’s Chief Minister, Jonathan Le Tocq, has held a series of meetings in Washington to boost the Island’s reputation as a leading international finance centre.
A week after Guernsey and the USA signed an asset sharing agreement, the Chief Minister met with officials from the Senate Foreign Relations Committee, the American Bankers Association (ABA) and the Securities Industry and Financial Markets Association (SIFMA).
Dominic Wheatley, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, says: “Guernsey’s finance industries have long had strong links with the USA and we very much welcome the Chief Minister’s visit.
- 11/02/2015
Liquid alternative investments firm 361 Capital’s Global Long/Short Equity Fund (AGAZX) outperformed its benchmark during its first year of trading.
The find also placed in the top eight per cent of the Morningstar Long/Short Equity Category out of 349 funds for the one year period ended 31 January, 2015 (based on total return).
The 361 Global Long/Short Equity Fund is sub-advised by Los Angeles-based Analytic Investors and uses the same investment strategy as the Analytic Global Long/Short Equity Composite, which commenced December 2009. The Fund is quantitatively focused, using a systematic approach to identify and exploit market inefficiencies. It seeks
- 11/02/2015
Improving existing systems, data management and risk management are top priorities for asset managers, according to Linedata’s fifth annual survey os the global asset management industry.
Existing systems for critical operations that still serve and support a firm’s business can be upgraded rather than replaced. This allows them to take advantage of new technology, features and benefits while minimising the cost and risk associated with replacing them.
When asked what would set them apart from their competition, many firms cited client service as a differentiator. Firms can distinguish themselves by the quality and expertise of the staff they have
- 11/02/2015
The hedge fund industry redeemed USD29.1 billion (1.2% of assets) in December, its largest outflow since April 2009, according to BarclayHedge and TrimTabs Investment Research.
“Hedge funds shed USD12.5 billion in the second half of 2014, a sharp turnabout from the inflow of USD87.5 billion in the first half,” says Sol Waksman, president and founder of BarclayHedge. “The industry’s inflow of USD75.3 billion for the whole year was little changed from last year’s inflow of USD76.4 billion."
Hedge fund industry assets edged lower to USD2.48 trillion in December from USD2.50 trillion the month before, according to the latest estimate based
- 11/02/2015
Calastone, the global funds transaction network, has expanded into the Nordic market with the addition of Swedish firm Wassum Securities to its trading network. Wassmum is now live and routing orders.
Wassum caters for institutional investors, unit linked companies, pension funds, family offices, foundations and fund managers. Working with Calastone will help further strengthen their trading processes in a secure, transparent and cost effective way.
Jon Willis, Chief Commercial Officer at Calastone, says: “Calastone is committed to helping the funds industry realise the benefits of risk and cost reduction by offering an interoperable and fully automated approach to
- 11/02/2015
- 11/02/2015
January has shown to the world that seismic activities are on the rise. In fact, when policy shifts increase in frequency the likelihood of policy mistakes rises with it. In 2015, Fasanara Capital expects global markets to be erratic, volatile and characterised by surprising policy shifts.
Today global markets carry visible risks as well as opportunities which are characterised by very substantial upside. As a result, Fasanara does not believe that a defensive portfolio behaviour will pay off in the current environment as safe spots are inexistent. On such basis, the firm has elected to temporarily stomach more portfolio volatility
- 10/02/2015
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