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The US West Coast is an important region in terms of real estate investment, home to some of the largest institutional investors in the asset class as well as many prominent fund managers. Recent years have seen funds focusing on real estate investment in the West Coast raising increasing amounts of capital, with growing numbers of managers hitting or exceeding their target size.
The West Coast therefore represents a growing source of interest for institutional investors, with funds focusing on West Coast investment accounting for over a third of aggregate US regional-focused capital raised in 2014 so far. Residential property
- 25/11/2014
Convex Capital, the global corporate finance boutique, has promoted Tim Marlow to Partner, with immediate effect.
With his promotion, Marlow, who joined the firm in 2006, will join Neil Worsley, Mike Driver, Chris Froggatt and Nathalie Blake at the head of the Firm.
Marlow will continue to advise entrepreneurs and owner-managed businesses on the sale of their equity across his specialist sectors, including e-commerce, technology and retail.
In 2014, Marlow has worked on a number of high profile clients including the GBP110m sale of electronic cigarette company Nicolite’s to Philip Morris, the largest deal of its type to
- 25/11/2014
- 25/11/2014
RARE, the Australian Infrastructure Investment Manager, has chosen Calastone to automate their global funds transactions.
Calastone’s single-to-many cross border fund service automates the flow from participating platforms and custodians into RARE’s global fund range registered across Australia, US, Canada as well as in the UK, Ireland, Netherlands, Cyprus and Switzerland.
Peter Hermans, European Sales and Business Development Director, says: “We are delighted that RARE has signed up to use Calastone’s global network to transact their funds. We help clients connect to their distributors via the Calastone community utilising our automated messaging service, which provides further efficiency to fund transactions, reducing
- 25/11/2014
SCORPEO has recruited Jack McNally as Managing Director of SCORPEO US, based in the firm’s newly opened US office in Boston and Chris Barrow as Head of Business Development, based in London.
Prior to joining SCORPEO, Jack McNally worked for Lehman Brothers and then Credit Suisse for 11 years in New York, Boston and Zurich, where he was a Managing Director and Global Head of the Managed Securities Lending Business and Head of Prime Services, Switzerland.
Chris Barrow recently joined SCORPEO from HSBC where he was a Managing Director and Global Head of Sales and Marketing for Prime Finance.
- 25/11/2014
Contix, a provider of social media event-surfacing technology, is opening its platform to “general availability” for trading desks and other finance professionals for the early identification of market-moving news events.
Contix’ platform is in use by trading desks representing hundreds of billions of dollars of assets under management. The company is engaged with some of the world’s largest and most technologically sophisticated hedge funds. “Every day, news of unplanned events — takeover bids, lawsuit judgments, contract awards, clinical trial results, industrial accidents, etc — breaks first on social media, and Contix’s algorithms rapidly identify these events and alert its users,”
- 25/11/2014
Brokers facing the challenges of reduced trading revenues in European equities and new regulatory initiatives are also under pressure from the continued migration of trading business to lower-margin electronic execution.
Despite a multi-year bull market in European stocks and a pick-up in trading volume in the first half of 2014, the amount of commissions paid by institutional investors to brokers on trades of European equities remains 46% lower than it was at its 2008 peak. In 2014, the overall “commission wallet” used by institutions to pay for sell-side European equity research, advisory and execution services totalled EUR2.73 billion, according to
- 25/11/2014
Abacus Group, LLC, a provider of hosted IT solutions for hedge funds and private equity funds, has launched the Abacus Cloud Panel
This web-based portal enhances the visibility and management of AbacusFLEX Mail for chief executive officers (CEOs) and chief technology officers (CTOs). The solution delivers on demand reporting and increased transparency, minimising infrastructure costs and enhancing control of deployment.
Abacus Cloud Panel is a hosted exchange control panel that allows business owners the freedom to provision resources directly from the web. It gives business owners the flexibility to create their own mailboxes, distribution groups and public folders
- 25/11/2014
- 25/11/2014
Catalyst Funds, an alternative-focused mutual fund company, has launched the Catalyst/Stone Beach Income Opportunity Fund (IOXAX), a conversion of the Stone Beach Special Opportunity Fund, a hedge fund.
Now available as a mutual fund product, the fund utilises the same strategy as its hedge fund predecessor and is Catalyst’s third conversion of this kind.
“The Catalyst/Stone Beach Income Opportunity Fund’s hedge fund predecessor offered a proven strategy that we are proud to now bring to mutual fund investors,” says Jerry Szilagyi, CEO of Catalyst Funds. “The addition of IOXAX to Catalyst’s product offerings continues our tradition of providing investors
- 25/11/2014
- 25/11/2014
Continued divergence in economic performance and monetary policy is the prevailing theme investors will have to grapple with in the year ahead, according to JP Morgan Asset Management’s Global Market Insights team.
New research “Worldview: Central banks, the dollar and investing in 2015,” argues that global central bank actions will be the primary drivers of market returns. Investors should expect volatility but a modest preference for stocks over bonds makes sense as long as policy makers continue to pursue stronger growth and higher inflation than the world economy is currently delivering.
“Both the US Federal Reserve and the Bank
- 25/11/2014
Intercontinental Exchange has successfully completed the Liffe futures and options transition to ICE Futures Europe.
The final phase of the Liffe transition was completed with the equity derivatives complex transferring to the ICE platform, following the previous migrations of European interest rate derivatives and soft commodity contracts.
The Liffe equity derivative contracts that were migrated to the ICE platform on November 17 include futures and options on the FTSE 100 Index, futures contracts on the MSCI World and MSCI Europe Indices, as well as a comprehensive range of Single Stock Futures, Dividend Adjusted Stock Futures and Individual Equity Options.
With
- 24/11/2014
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