BNP Paribas Investment Partners, Odey Asset Management and Sumitomo Mitsui Trust Bank are the newest members of the International Accounting Standards Board’s (IASB) Investors in Financial Reporting programme. The programme was established in 2014 to increase the Board’s engagement
The European Energy Exchange (EEX) in line with its growth strategy achieved record results in both sales and profits in 2015. In the course of the year, EEX Group, now fully incorporated with the companies Powernext, EPEX SPOT and APX,
The State Street Global Investor Confidence Index (ICI) for April 2016 decreased to 109.1, down 5.7 points from March’s revised reading of 114.8. The decline in sentiment was driven by a decrease in the North American ICI from 123.7 to
Citi Private Bank North America’s National Hedge Fund Sales Team, which focuses on the private banking needs of hedge fund founders, has grown by more than 50 per cent since inception in 2015 and currently has 140 hedge funds and
Five new investment platforms have joined the Millennium Trust Company’s Millennium Alternative Investment Network (MAIN), bringing the total number listed to nine. In addition to Lending Club (NYSE: LC), announced earlier this month, EquityZen, iCapital Network, Prodigy Network, and RJ
Investors redeemed an estimated net USD4.60 billion from hedge funds in March, the fifth month in the last six in which redemptions outpaced allocations, according to the latest eVestment Hedge Funds Industry Asset Flow Report. Performance gains during the month
CIBC Asset Management has launched the Renaissance Flexible Yield Fund, providing Canadian investors with access to a mandate from US bond portfolio manager, Jeffrey Gundlach of DoubleLine. Renaissance Flexible Yield Fund is a global fixed income solution that leverages tactical
Tortoise Credit Strategies has acquired Bradford & Marzec via a Tortoise-supported management buy-out. Bradford & Marzec is a specialised fixed income boutique with approximately USD4.3 billion in assets under management. Tortoise Credit Strategies, a registered investment adviser focused on fixed
Thomas Walek has launched Peaks Strategies, a strategic communications firm serving financial services and capital markets clients. Peaks Strategies says its aim is to define, differentiate, promote and protect clients in a marketplace undergoing profound changes. “Today’s clients and today’s
Michael Platt, who runs BlueCrest Capital, is Britain's richest hedge fund manager with a fortune of GBP2.1 billion, up GBP600m on last year, according to The Sunday Times Rich List 2016, which is due to be published this weekend. Platt,
