EY (Ernst & Young) last year published an operational efficiency survey and in it, they found that 40 per cent of respondents had already outsourced their middle office functions (26 per cent), or planned to over the next two years
Source this week announced the listing of the Source EURO STOXX Optimised Banks UCITS ETF on the London Stock Exchange. The fund provides exposure to banks within the Eurozone and is optimised to reduce exposure to illiquid stocks. Michael John
Hedge fund law firm Kleinberg, Kaplan, Wolff & Cohen has appointed Jared R Gianatasio as senior counsel where he will focus his practice on investment funds and derivatives. He was previously a senior associate in the New York office of
NewSmith Asset Management has appointed Michael Wahnich as head of risk. This follows Charles Hopkinson Woolley’s recent appointment as head of alternatives and product, and Guy Jackson as head of compliance. Wahnich joined from International Asset Management where he
Bloomberg’s multi-asset swap execution facility, Bloomberg SEF LLC, has launched a List trading tool for Interest Rate Swaps (IRS). The new List tool enables market participants to improve operational efficiency by creating and sending a “basket” of swaps that can be
CedarKnight Partners has appointed Ranjit Atwal to head its investment management operations across the firm's international business. Located in the firm's new London office on Berkeley Street, Atwal will be overseeing all operational and client reporting matters across a number
Denver-based hedge fund firm Arrowpoint Partners has appointed Minyoung Sohn as portfolio manager of the Meridian Equity Income Fund. Arrowpoint manages USD7 billion in assets for high-net-worth and institutional investors, and is the investment adviser to the Meridian Funds.
SunAmerica Asset Management has launched the SunAmerica Flexible Credit Fund, sub-advised by Newfleet Asset Management. The fund invests in two specialised fixed income asset classes: floating rate loans and high-yield bonds. These asset classes, often referred to as leveraged
Euronext is planning to launch a full rapeseed derivatives solution on 14 November 2014, which will allow the industry to trade individual futures and options contracts for rapeseed grain, meal and oil. Euronext is the first exchange in the world
Alternative investments provider Equinox Financial Group has made two promotions in its portfolio management team. Effective 1 November, Ajay Dravid will become the chief investment officer of Equinox Institutional Asset Management and Rufus Rankin will assume the role of director
