Funds
Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of data and listings services, is to acquire a family of fixed income volatility indices, including the prominent Merrill Lynch Option Volatility Estimate (MOV”) family of indices, from Bank of America Merrill Lynch.
“The MOVE Index has a long history of providing strong signals about bond market sentiment, and we’re excited to have it become part of our portfolio of fixed income indices,” says Lynn Martin, President & COO of ICE Data Services. “MOVE’s unique ability to concisely measure that sentiment will allow us to play a critical
PEGAS, the pan-European gas trading platform of EEX Group operated by Powernext, registered 153.1 TWh on its Futures segment in July 2019.
Those strong results were driven by the great performance of the Dutch TTF, which has reported its second best month since the creation of the platform with 126.3 TWh (record month: 131.0 TWh in February 2016).
The Austrian CEGH VTP also contributed to this dynamic and reported a record-breaking month with 9.1 TWh of futures products traded (previous record: 8.8 TWh in August 2018).
With 110.1 TWh exchanged in July, the spot segment registered a 30 per cent
GAM’s alternative risk premia strategy has surpassed USD2 billion in assets under management (AuM) with inflows from multiple institutional investors in July bringing 2019 year to date inflows to more than USD 600 million and AuM to USD 2.4 billion in total.
GAM Systematic’s alternative risk premia strategy typically targets around 15 risk premia strategies across the style categories of value, momentum and carry. The team, which benefits from industry leading expertise built over almost 15 years, uses a disciplined research process to design, systematically implement and cost-effectively trade the various risk premia. In doing so, the team seeks to
Ropes & Gray advised Hamilton Lane on Hamilton Lane Strategic Opportunities Fund V which has attracted more than USD760 million in commitments from a wide range of global LPs including repeat as well as new investors from Asia, the Middle East, Europe and North and South America.
The Fund announced its final close on 30 July.
The Series is focused on making credit-oriented investments with consistent cash yield, shorter duration and attractive risk-adjusted returns. Consistent with previous vehicles, the Fund is comprised of a diverse set of institutions, including Taft-Hartley pension funds, insurance companies, high-net-worth individuals and endowments and foundations.
In July 2019, the European Energy Exchange (EEX) increased its volume on the power derivatives market by 55 per cent to 331.4 TWh compared to the previous year (July 2018: 213.8 TWh).
In particular, the markets for Austria and France achieved strong growth rates. In the Austrian Phelix-AT Future, trading volumes increased five-fold to 771,484 MWh (July 2018: 136,690 MWh) while volumes in the French market doubled year-on-year to 36.8 TWh (July 2018: 18.2 TWh).
In addition, power futures for Germany (215.1 TWh, +67 per cent), Italy (47.3 TWh, +27 per cent) as well as Central- and South-Eastern Europe (14.1
PanXchange, a physical commodities OTC market structure solutions provider, has launched an institutional-grade industrial hemp exchange.
The marketplace will allow producers, processors, trade houses and end-users to participate in a transparent and efficient cash market for industrial hemp products and will ultimately pave the way for the creation of hemp derivatives contracts.
The opening of the exchange follows PanXchange’s January 2019 launch of the industry’s first hemp price reporting facility, which has provided objective and reliable data to a market primed for explosive growth following its formal sanctioning with passage of the 2018 Farm Bill . Both the exchange and
London Stock Exchange Group (LSEG) is to acquire Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, in an all share transaction for a total enterprise value of approximately USD27 billion.
The transaction will create a UK-headquartered, global financial market infrastructure (FMI) provider with a leading data and analytics business, significant capital market capabilities across multiple asset classes and a broad post-trade offering, well positioned for future growth.
The transaction will result in Refinitiv’s shareholders – a consortium of investment funds affiliated with Blackstone as well as Thomson Reuters – ultimately holding an approximate 37
Kraken has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators.
The transaction creates an end-to-end crypto trading and reconciliation platform, and brings Interchange co-founders and well-respected crypto veterans Dan Held and Clark Moody to Kraken.
Interchange offers professional-grade accounting and portfolio reconciliation tools designed specifically for the nuances and complexities of digital asset markets. Founded to improve access to crypto markets, Interchange enables institutional investors to better monitor and report their cryptocurrency holdings. In less than a year, the Interchange team has brought a new, next-generation product to the institutional
EEX Group increased trading volumes across the majority of its markets in the first half of 2019, with volumes up significantly in the power, gas and freight markets.
Trading volumes in the Agricultural market also developed positively while the Group posted a decline in the market for emission allowances.
The Group’s power spot markets, operated by EPEX SPOT, achieved a volume of 302.9 TWh, representing a growth of 5 per cent compared to the previous year (H1 2018: 288.4 TWh). Trading in the day-ahead markets also rose 5 per cent to 259.2 TWh, while Intraday trading volumes increased from 40.9
Man Group has reported a 5 per cent increase in funds under management (FUM)1 to USD114.4 billion in the first six months of 2019 up from USD108.5 billion as at 31 December 2018 on the back of strong performance by the group’s quant alternative strategies.
The group saw positive investment movement of USD6.8 billion in the period (H1 2018: negative USD1.7 billion) with net outflows of USD1.1 billion (H1 2018: net inflows USD8.3 billion). Positive FX translation and other movements totalled USD0.2 billion (H1 2018: negative USD2.0 billion).
Adjusted profit before tax (PBT) was up 3 per cent to USD157
