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ICAP’s is holding it’s latest Charity Day – the single biggest annual fundraising event in the financial sector – on 3 December, when ICAP staff, customers and suppliers come together to raise money for a host of charities.
More than 60 offices in over 32 countries donate 100% of revenue and commission on the day.
Last year, ICAP Charity Day – which began 22 years ago – raised an amazing GBP9.5 million in 24 hours, bringing the total amount that ICAP has raised over 21 years to more than GBP110 million. ICAP has supported 1,600 charities globally to date.
- 26/11/2014
- 26/11/2014
Singapore Exchange (SGX) is to launch a bond trading platform by mid-2015. It will initially trade Asian corporate bonds in G3 currencies, with Asian local currencies to follow.
To drive this initiative, the first of its kind focused on Asian bonds, SGX has formed a new subsidiary, SGX Bond Trading (SGX BT).
The development of this platform will be executed in close consultation with the industry, and the platform aims to become an Asian Liquidity Centre for both high-yield and investment-grade corporate bonds. SGX held an inaugural Steering Committee meeting with senior representatives of 32 leading Asian fixed income dealers
- 26/11/2014
- 26/11/2014
Hedge fund capital invested in Emerging Markets (EM) posted a narrow gain for the third quarter as EM, Currency and Commodity Volatility all increased driven by geopolitical and macroeconomic developments.
Total hedge fund capital invested in EM hedge funds increased to USD185.15 billion (1.13 trillion RMB, 475 billion Brazilian Real, 8.58 trillion Russian Rouble, 694 billion Riyal, 11.5 trillion Indian Rupee), according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR, the established global leader in the indexation, research and analysis of the global hedge fund industry. Despite the small increase of USD700 million from
- 26/11/2014
Rajawali Group and GIC, Singapore’s sovereign wealth fund, are to jointly invest up to USD500 million in equity in property projects in Indonesia, with a focus on Jakarta’s CBD.
The joint venture will explore opportunities in sectors including office, retail, residential as well as mixed-use projects.
The joint venture follows a successful collaboration between Rajawali and GIC in the development of a 47-storey International Grade A office tower on Jalan Jenderal Gatot Subroto, in the heart of Jakarta’s Central Business District. The office tower, now named Capital Place, is part of a mixed-use development, which includes the first all-suite luxury
- 26/11/2014
The introduction of the AIFMD has fuelled strong growth in European fund domiciles, with the number of alternative investment funds increasing by 10% since 2010, and assets under management increasing by 13%.
That’s according to a report published by the Association of the Luxembourg Fund Industry, carried out by Oliver Wyman.
“The introduction of the AIFMD increased the attractiveness of European onshore domiciles,” comments Marc Saluzzi, Chairman of ALFI. “Whilst many were against it when it was first introduced because of the fear of high compliance costs and additional complexity, this piece of regulation has brought significant benefits, allowing
- 26/11/2014
Total hedge funds assets were virtually unchanged in October, decreasing 0.0002%, to USD3.020 trillion, according to eVestment’s latest Hedge Fund Asset Flows Monthly Summary Report.
Performance gains among many large funds accounted for an asset increase, while redemptions outpaced new allocations for an outflow of USD2.9 billion during the month.
The USD2.9 billion outflow in October was the second consecutive month in which investor flows were negative. The industry has not had two consecutive months of net outflow since mid-2012, in the wake of volatility from the European sovereign crisis.
Investor sentiment towards equity strategies was negative for the second
- 26/11/2014
The City of Zurich Pension Fund has chosen Citco to provide administration, custody and related financial services to its USD1.3bn hedge fund portfolios.
The mandate follows a series of other key wins from institutional investors, driven by demand for customised portfolios.
Earlier in the year Baloise Group, a European provider of insurance and pension solutions with CHF54bn of insurance assets, strengthened its long standing relationship with Citco by deploying the ÆXIMO technology for outsourced middle office operations. It allows investors full portfolio planning and dealing, including liquidity reporting, asset allocation breakdown, compliance checks and performance reporting. The custodial system has
- 26/11/2014
Throughout December, Bougeville Consulting will be collecting stationery items from hedge fund clients and contacts within the financial services industry.
This is part of the firm’s seasonal appeal, aiming to bring what it collects – pens, writing paper, old laptops etc – to a charitable association called Aide et Action, which supports Education in Burkina Faso.
Bougeville’s team will fly to Ouagadougou with the donations in January to see how they will be dispatched on the ground.
The firm has formed several partnerships in a bid to collect as many items of stationery as possible and has received generous advice
- 26/11/2014
Financial services technology providers Fund Recs and CloudMargin are offering the first fully integrated, cloud-based collateral management and portfolio reconciliation platform.
This partnership meets the needs of derivatives users looking to improve processing efficiency, minimise risk and meet the regulatory requirement to reconcile portfolios mandated by EMIR.
Fund Recs adds the essential operational control and key collateral dispute resolution tool of portfolio reconciliations, a requirement for regulatory compliance under EMIR, into a single user interface with CloudMargin. CloudMargin offers clients optimised end-to-end collateral management workflow for the full spectrum of margined products such as OTC bilateral and cleared derivatives, futures and
- 26/11/2014
Ahead of OPEC’s next meeting on Thursday 27 November, Graham Martin, Managing Director at Optima Investment Management (Europe) provides his view on the impact discussions around the levels of oil production may have on investors…
It's likely the market is currently pricing in the nervous expectation that OPEC won't agree to cut production. If OPEC announced a co-ordinated cut of 500,000 barrels per day or more we would expect a rally in oil and oil related equities.
While core-OPEC will undoubtedly demand some output reductions from members such as Angola, Nigeria, Venezuela, Qatar, and Algeria, the main cuts will have
- 25/11/2014
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