Funds
Torstone Technology, a provider of post-trade securities and derivatives processing technology, is to acquire Percentile, a provider of real-time, cloud-based risk and compliance technology to global financial markets.
The Percentile risk management solution will form a component of Torstone’s platform. Torstone is now able to provide a full-service, cross-asset, global post-trade offering, including risk and compliance, providing the best possible services and solutions to a new expanded client base, that can adapt as the markets continue to evolve.
The Percentile acquisition represents another step forward by Torstone to strengthen its post-trade offering, having recently announced plans to significantly expand
There was a sharp increase recorded in private debt fund activity in France in 2018 confirming the growing importance of private debt in financing methods, by offering companies and equity investors an alternative and complementary financing solution to bank debt.
That’s according to a new report by France Invest (Association of Investors for Growth) and Deloitte based on a survey of members of the France Invest Private Debt Commission and international firms which have a team specialising in private debt or a representative office in France. A total of 84 per cent of the 37 firms surveyed responded.
Cécile
Burford Capital Limited (Burford), a global finance and investment management firm focused on law, has closed the Burford Alternative Income Fund LP (BAIF), a new private fund focused on post-settlement investments.
BAIF will invest in settled litigation matters, monetising a claimant’s settlement and other associated legal receivables. The solution serves to meet the needs of law firms awaiting payment of their fees and clients eager to release cash from the settlement, who find it attractive to secure financing against those expected receipts.
A variety of institutional investors made commitments to BAIF in the aggregate amount of USD297.25 million. BAIF’s investment
LibreMax Capital (LibreMax), an asset management firm specialising in structured products and corporate credit, has established CAVU Investment Partners (CAVU) in partnership with international investment management firm TowerBrook Capital Partners (TowerBrook).
CAVU will invest in the equity tranches of new issue collateralised loan obligations (CLOs) managed by Trimaran Advisors (Trimaran), the CLO management platform of LibreMax. David Moffitt (pictured), Head of Tactical Opportunity Investing and CLO Management at LibreMax and President of Trimaran, will serve as President of CAVU.
Under the terms of the partnership, TowerBrook has made a substantial commitment to CAVU to support multiple Trimaran CLOs. CAVU
Saxo Bank, a Fintech specialist focused on multi-asset trading and investment, and investment manager Brown Advisory are teaming up to launch a new digital investment portfolio, Ethical Selection in the SaxoSelect universe.
Saxo Bank’s clients will be the first retail clients outside of the US to get access to invest in Brown Advisory’s Ethical Selection portfolio that offers an attractive and cost-effective way to invest in a sustainable, all-cap, 30-40 stock portfolio comprising US listed companies.
Brown Advisory’s applied research goes beyond negative screening and evaluates every company’s environmental, social, and governance (ESG) attributes at a level deeper than
Aspiring women in finance are set to benefit from a partnership between a leading income fund manager and The University of Technology Sydney (UTS).
Plato Investment Management believes change is needed to address the under-representation of women in the sector. “Investment management is a global industry, and the diversity of our people, ideas and experiences is just as important for success as the diversity of our funds,” says Plato Managing Director Dr Don Hamson. “There are nowhere near as many women in finance as there ought to be, which means we need to do more – and quickly.”
“We
RM Secured Direct Lending (RMDL), an investment trust specialising in providing tailored debt solutions, has deployed all cash available for investment so far during April.
Future Loan commitments are expected to be funded from a variety of sources including any repayments under existing Loans, divestments of existing Loans, additional capital raises and the utilisation of its GBP10m Revolving Credit Facility (RCF).
Two loans totalling GBP6.25 million have been prepaid in accordance with the terms of the respective Loan agreements. In addition, the Investment Manager has agreed to sell equity warrants issued to RMDL by one of the Borrowers in
Following on from an improvement in February, all Societe Generale CTA indices posted positive performance in March, bringing the CTA Index and Trend Index back on track for 2019 year to date.
In fact, it has been the best month for CTAs since the beginning of last year, in terms of returns. The uptick has been driven by trend-followers, as the Trend Index reported its best performance since January 2018 and all ten of the index constituents were positive.
The short-term CTA strategies were also positive on average in March, however, the individual performance was mixed as only six
The European Energy Exchange (EEX) will expand its product range on the derivatives market on 3 June with new power futures, freight futures and options as well as further maturities in emissions options.
Clearing and settlement of the new products and maturities will be carried out by European Commodity Clearing (ECC).
The listing of the new power futures extends the pan-European offering of EEX to the emerging power markets in Central and South Eastern Europe, thereby extending its range to 20 market areas throughout Europe. The product offering will include cash-settled power futures for Slovenia covering base and peak load
PineBridge Investments (PineBridge) a global asset manager focused on active, high conviction investing, has launched the PineBridge China A-Shares Quantitative Fund.
The Fund seeks to give global investors access to the domestic equity market in China through a quantitatively managed, active equity strategy that invests in equity and equity-related securities connected to the economic development and growth of China. As one of the only UCITS products in the market to adopt a quantitative approach to Chinese equities, the Fund aims to deliver alpha through the combination of local knowledge and a systematic investment process.
The Fund is managed by
