Latest News
Amundi is giving a more global scope to its Alternative Investment specialised subsidiary with the appointment in its London office of Michael Hart as Deputy Chief Executive Officer and Global Head of Business Development.
Laurent Guillet, Chief Executive Officer of Amundi Alternative Investments and Amundi London Branch says: “With more than USD11bn in assets, the Alternative Investments branch of Amundi provides absolute return solutions adapted to today’s markets and enhanced regulation, from managed accounts, alternative funds of funds to a full range of dedicated advisory services. At this point in time of our history, we needed a Global senior hedge
- 21/11/2014
The Securities and Exchange Commission has suspended trading in four companies that claim to be developing products or services in response to the Ebola outbreak, citing a lack of publicly available information.
The SEC simultaneously issued an investor alert warning about the potential for fraud in microcap companies purportedly involved in Ebola prevention, testing, or treatment, noting that scam artists often exploit the latest crisis in the news cycle to lure investors into supposedly promising investment opportunities.
The SEC Enforcement Division and its Microcap Fraud Task Force work to proactively identify microcap companies that are publicly disseminating information that appears
- 21/11/2014
Ocwen Financial Corporation has re-launched a free database of loan-level data for mortgages serviced by Ocwen in private label mortgage-backed securities (MBS), powered by the REALPortal platform.
Ocwen uses the REALPortal platform, licensed from Altisource Solutions to provide mortgage investors with access to the most accurate data on loans serviced by Ocwen, as well as analytical tools and details on processes, procedures and loan performance. The re-launch addresses a variety of requests from mortgage loan investors to enhance functionality, access to data and bandwidth. Additional functionality is being planned for near-term implementation.
REALPortal is fully searchable by MBS deal
- 21/11/2014
- 21/11/2014
Deutsche Börse AG has purchased a minority stake in R5FX Ltd, a London based FinTech firm specialising in emerging currencies, for an amount in the single-digit millions (GBP).
R5 focuses on developing a new interbank liquidity pool for eNDFs and EMFX. It has been designed by and for the banks in order to optimise price and liquidity discovery. Its electronic platform combines the benefits of both exchange and OTC models for this fast growing sector of the global FX market. The company has already signed letters of intent with over 20 bank clients to join the venue and anticipates going
- 21/11/2014
An increase in market volatility during October helped the Newedge Volatility Trading Index post strong positive returns for the month of October, with an increase of 1.12%, its best month since January 2012.
Quantitative Macro strategies outperformed Discretionary trading strategies, gaining 0.52% for the month, bringing YTD performance to 6.95%. The headline Newedge Macro Trading Index experienced roughly flat performance during October, posting a -0.12% return, meaning it stands at 1.57% for 2014 so far.
The Newedge Commodity Trading Index remains in positive territory for the year to date, with returns of 2.33%, although it was slightly down in
- 21/11/2014
Genpact Limited and Lombard Risk Management have teamed up to provide a new solution to help financial services firms optimise their collateral management operations.
The collaboration between Genpact and Lombard Risk with CARDS and COLLINE addresses major cost pain points in the industry, and significantly improves margin and collateral management efficiencies with a true end-to-end solution. Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk's COLLINE collateral, clearing, inventory management and optimisation solution. This unique solution will enable both buy and sell-side firms to automatically digitise and capture the terms and conditions of various collateral
- 21/11/2014
Senrigan Capital Group Ltd, the Asia event-driven hedge fund backed by Blackstone Group LP, returned 15 per cent in the first 10 months of this year, reports Bloomberg.
The USD348 million Senrigan Master Fund gained 6.4 per cent in September and 1.4 per cent in October, said people with knowledge of the matter
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Senrigan is headed for the best year since its November 2009 inception. Event-driven hedge funds globally had the worst two months in September and October since May 2012, according to an index compiled by Hedge Fund Research Inc, as US managers have been hit by the unraveling of deals involving
- 21/11/2014
Managed futures lost 0.49% in October according to the Barclay CTA Index compiled by BarclayHedge. The Index is now up 3.88% for the year.
“A spike in intra-month volatility coupled with sharp mid-month price reversals in financial markets made for a difficult trading environment in October,” says Sol Waksman, founder and president of BarclayHedge.
Five of Barclay’s eight CTA indices had losses in October. Agricultural Traders gave up 3.39%, Discretionary Traders were down 1.08%, and Financial & Metal Traders lost 0.23%.
On the positive side, the Currency Traders Index gained 0.80%, and Systematic Traders were up 0.09%.
“Yen and EUR
- 21/11/2014
- 21/11/2014
Convergex has become the first financial institution to establish a new ADR Depositary for the marketplace in almost 20 years.
In addition to trading and converting ADRs with Convergex, clients now can direct Convergex to create ADR programs for them to invest in, allowing these US investors new access to foreign companies.
With this new offering, Convergex will be competing directly with the traditional ADR Depositaries. Committed to increasing its ADR capabilities, Convergex will continue to build out the Depositary for its brokerage clients over the coming months as the service becomes available in 27 markets.
“ADRs are an
- 21/11/2014
Energy and healthcare stocks saw the largest growth in new hedge fund buying activity during Q4 2014, with AbbVie, Actavis and Alibaba as the most popular individual stocks, according to S&P Capital IQ’s.
The firm’s quarterly Hedge Fund Tracker provides an aggregate analysis of hedge fund stock ownership and spotlights hedge fund trend-investments in specific stocks and sectors.
“Hedge funds are among the most sophisticated institutional investors in the world. By analysing their behaviour in this manner, we’re able to provide valuable insight for investors who want to know where the ‘smart money’ is investing,” says Pavle Sabic (pictured),
- 21/11/2014
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