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In the second-half of January, key monetary policy decisions have been adopted in Europe.
- 04/02/2015
The strength of alternative UCITS sector continued to grow with assets under management (AuM) increasing 41% to EUR 224.3 billion in 2014, according to the latest Alceda UCITS Review.
2014 proved a difficult year for active managers, with the AH Global UCITS Index, which encompasses a total of 498 funds, returning only 1.3% in 2014, compared to the almost 6% gains seen in 2013. However, the Alternative UCITS market has continued to encourage new entrants with the launch of 53 funds in 2014 (19 in H2 2014). There were also over 20 fund closures in the year as a result
- 04/02/2015
- 04/02/2015
Seix Investment Advisors has launched a new product, the Energy Opportunities Strategy (EOS), the latest offering in a range of investment solutions for institutions and other sophisticated investors.
The Energy Opportunities Strategy draws on Seix's experience in managing both traditional and opportunistic credit portfolios. The firm’s in-depth, fundamental research capability enables Seix to identify opportunities in the various sub-sectors within the energy industry. Its Leveraged Finance research team is composed of industry specialists with an average of 17 years of work experience.
"Energy-related high yield spreads are their widest since the previous peak in 2008. This signals a potential opportunity
- 03/02/2015
Financial services software and provider SS&C Technologies is to acquire Advent Software, a provider of software and services for the global investment management industry.
Under the terms of the agreement, SS&C will purchase Advent for an enterprise value of approximately USD2.7 billion in cash, equating to USD44.25 per share plus assumption of debt.
Advent has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms, located across more than 50 countries worldwide. Headquartered in San Francisco, California, with more than 1,200 employees worldwide, Advent generated revenues of USD397 million for
- 03/02/2015
- 03/02/2015
Spencer Capital Holdings is to acquire USA Risk Group an independent captive insurance manager. The transaction is subject to customary closing requirements and regulatory approval, and is expected to close during the first quarter of 2015.
USA Risk currently serves over 300 clients, holding $9 billion assets under management. Financial terms of the transaction were not disclosed.
USA Risk is an independent captive insurance manager founded in 1981 by H Lincoln Miller, Jr, a leader in helping to enact legislation enabling Vermont to become the pre-eminent captive domicile within the United States. USA Risk has since established member companies in
- 03/02/2015
JonesTrading Institutional Services is to open a London office as part of a strategic initiative to expand its services to Europe.
The move comes in response to client demand for regional expansion of the firm’s relationship based model for block trading and execution services as well as for the firm’s ancillary capital market and independent research services.
JonesTrading International Limited has been an FCA registered broker since 2002. JonesTrading is now expanding and will have a London office fully operational by Q2 2015. It will expand its client base with a focus on cross border trading between Europe and the
- 03/02/2015
- 03/02/2015
Nasdaq has launched an experimental pricing program with lower access fees for 14 stocks representing both small and large capitalisation companies traded on US equity listings venues.
The program reduces the access fee to five cents per 100 shares from 30 cents per 100 shares in 14 stocks and reduces the rebates for liquidity provision on The Nasdaq Stock Market. This experiment will generate much-needed data about the impact of the level of access fees on areas that matter most to investors and public companies such as the level of off-exchange trading, price discovery, trading costs, displayed liquidity and execution
- 03/02/2015
A reception at the UK Parliament hosted by the Alternative Investment Management Association (AIMA), the global hedge fund association, has heard how hedge funds can help pension funds to close the “pensions gap”.
Speaking at the reception were the Labour MP Dame Anne Begg, Chair of the Commons Work and Pensions Select Committee; the Labour MP Chris Evans, Parliamentary Private Secretary to Chris Leslie MP, Shadow Chief Secretary to the Treasury; Kathryn Graham, Head of Strategy Co-ordination for the Universities Superannuation Scheme (USS), one of the UK’s biggest pension funds; and Jack Inglis, CEO, AIMA. The event drew more than
- 03/02/2015
Hong Kong law firm K&L Gates has added Michael Wong as a partner in the investment management, hedge funds and alternative investments practice.
Wong joins the firm from Allen & Overy LLP.
Concentrating his practice on investment management and financial regulation, Wong has extensive experience advising fund managers and financial institutions on the structuring, establishment, and distribution of a broad range of fund products, including hedge, alternative investment, and SFC-authorized funds, as well as counseling on a wide variety of other financial regulatory areas, including licensing and registration of financial intermediaries, managed accounts, custody arrangements, disclosure of interests, insider dealing,
- 02/02/2015
Unigestion, an institutional asset manager that focuses on providing its clients with a targeted range of risk-managed investment solutions, has appointed Ken Harvie as Head of Consultant Relations within its Institutional Clients team.
Harvie joined in December 2014 and is based in London, reporting to Tom Leavitt, Managing Director and Head of Institutional Clients. Ken will be responsible for strengthening relations across the global consultancy community.
Harvie joins Unigestion from Ignis Asset Management, and brings over 30 years’ experience in the pensions industry. In his role as Client and Consultant Relations Director at Ignis Harvie played a key role
- 02/02/2015
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