Funds
BNY Mellon has expanded the firm’s ESG Analytics offering by integrating fixed income scoring for corporate bonds.
BNY Mellon clients now have the ability to view environmental, social and governance (ESG) and United Nations Global Compact (GC) scores on equities and fixed income at the portfolio level versus relevant benchmarks over time. Clients also have the ability to view the ESG and GC scores at the company-level.
An extension of BNY Mellon’s Global Risk Solutions Exposure and Structural analysis product, ESG Analytics is an intuitive, multi-dimensional and comprehensive service that helps clients manage and monitor ESG and other important
The SS&C GlobeOp Forward Redemption Indicator for September 2019 measured 3.67 per cent, up from 3.41 per cent in August.
“SS&C GlobeOp’s Forward Redemption Indicator for September 2019 was 3.67 per cent, in line with historical averages. Though up slightly from the 3.35 per cent reported a year ago, these results continue a stable trend-line for hedge fund asset retention,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This stability indicates investors have maintained their allocations even in the face of large fluctuations in equity markets, significant changes to the yield curve, and unsettled trade issues.”
The SS&C
The value of regulated funds serviced in Jersey rose by 7 per cent to a new record high in the first half of 2019, according to the latest figures to be collated by the jurisdiction’s financial regulator the Jersey Financial Services Commission (JFSC).
Figures for the second quarter of 2019 (ending 30 June 2019) show that the net asset value of regulated funds under administration in Jersey grew by GBP22.1 billion over the first six months of the year to stand at GBP342.1 billion, a new record high and a figure that has grown by more than 70 per cent
Powernext, part of EEX Group which belongs to Deutsche Börse, held the first auction of Guarantees of Origin (GO) for the French State on 18 September, 2019.
In August 2018, the French Ministry for an Ecological and Solidary Transition appointed Powernext as the operator of this auction system, and in addition extended Powernext’s mandate to operate the national registry for GOs in France. The volume of GOs put up for sale by the DGEC will vary depending on the production generated by the plants benefiting from a support mechanism. The DGEC indicated that, for auctions held between September and December,
Cartica Management, a majority women-owned active investor focused on improvements in corporate governance, environmental, and social factors in the emerging markets, has appointed Kate Ahern as Managing Director of ESG and Sustainability.
Ahern will lead Cartica’s ESG practice, overseeing the firm’s processes to identify potential value-adding engagement issues in its portfolio companies through the integration of ESG analysis into each step of the investment process. She will report to Emily Alejos, Cartica’s Chief Investment Officer.
Ahern has more than 15 years of experience, with a proven track record of success in the areas of ESG management, social impact diligence,
The Exchange Council of the European Energy Exchange (EEX) has welcomed plans to merge current Powernext activities into EEX from the 1 January 2020.
The council believes that the harmonisation of Powernext and EEX, will enable the exchange to offer all products at one single market place while simplifying the admission of new participants and members will be able to easily trade a larger EEX portfolio including natural gas, power and emission allowances. As a result, customers will gain access to increased trading opportunities and a growing liquidity pool, while continuing to benefit from cross margining effects as ECC will
Equity hedge fund manager Valley Forge Capital Management (VFCM) has surpassed USD500 million in assets under management (AUM).
Founded by Dev Kantesaria, VFCM runs a long-biased equity strategy that employs a bottom-up fundamental approach to find high-quality businesses that trade at large discounts to their intrinsic values. VFCM holds a concentrated portfolio of high conviction ideas that meet rigorous criteria for business quality, financial metrics and operational standards.
“We are extremely proud of this milestone and the value we have delivered to our investors since VFCM’s inception. In the face of recent market volatility, our team remains committed to
Hedge fund redemptions slowed from the prior month’s pace in July, though outflows continued for a second straight month as the hedge fund industry experienced USD8.1 billion in net redemptions.
July’s redemptions, which represented 0.3 per cent of industry assets, were an improvement on June’s USD12.2 billion in outflows according to the Barclay Fund Flow Indicator published by BarclayHedge.
Monthly trading gains of USD17.5 billion brought total hedge fund industry assets to more than USD3.12 trillion as July ended, down from USD3.15 trillion in June.
While US hedge funds rode June’s equity market rally to net inflows in
An ongoing bond market rally that pushed 30-year US Treasury and German bond yields to all-time lows helped to propel managed futures funds to a profitable August with CTA funds returning 2.23 per cent according to the Barclay CTA Index compiled by BarclayHedge.
Year-to-date, CTA funds are up 7.63 per cent through the end of August.
“As Treasury yields dropped, the yield curve inverted for the first time since 2007, equity markets stumbled and gold prices soared to multi-year highs,” says Sol Waksman (pictured), president of BarclayHedge. “Agricultural markets sold off and corn dropped 10 per cent based on USDA predictions
The number of Jersey Private Funds (JPF) had increased 25 per cent in six months. Figures from the Jersey Financial Services Commission (JFSC) showed that the number of JPFs, a structure introduced in 2017 to cater specifically for the needs of small groups of sophisticated investors, had reached 257 by 30 June 2019, up from 205 at the end of 2018, with assets under management of GBP43 billion.
Joe Moynihan, CEO of Jersey Finance, says: “As investors look for stable IFCs that offer specialist expertise, Jersey can be a voice of reason among the noise, ready to support investor ambitions.”
