Funds
Two investment management platform firms have formed a partnership to offer a one-stop hosting solution to their international client base of hedge funds, private equity and real estate funds.
Laven Partners will provide UK Appointed Representative and AIFM solutions as well as its unique and world-leading compliance technology monitoring solutions. Fuchs Asset Management meanhwile, an established management company in Luxembourg covering UCITS AIFMD and MIFID solutions, will provide an umbrella to suit every client’s needs. Laven Partners has offices in London and New York. Fuchs Asset Management has offices in Luxembourg, Belgium and Switzerland.
The partnership will give Laven’s
Nordea Asset Management has launched a European long/short equity strategy – the Nordea 1 – European Long/Short Equity Fund – a liquid alternative strategy designed for investors searching for yields higher than traditional fixed income products, while at the same time seeking lower volatility than long-only equity funds.
Stockholm-based Madrague Capital Partners AB, which is 40 per cent owned by Nordea Asset Management Holding AB, will manage the fund.
“We are looking forward to the launch of our first fund together with Nordea,” says Lars Franstedt, CIO and portfolio manager at Madrague Capital Partners. “Our belief is that the investment
The European Energy Exchange (EEX) and the Independent Bulgarian Energy Exchange (IBEX), have signed an agreement on the cooperation in the Bulgarian power market.
As part of the cooperation and subject to the approval of the relevant authorities, EEX will list Euro-denominated and financially settled Base Week, Month, Quarter and Year Futures for the Bulgarian market. The new Bulgarian power futures will be settled against the day-ahead spot market price calculated by IBEX. The introduction of the contracts is planned for the first half of 2019.
“The cooperation with IBEX is a decisive step in the development of
Boutique global equities manager, Bell Asset Management, has been awarded an AUD130 million global small and mid-cap equity mandate (SMID) by industry super fund, Energy Super.
The announcement marks a significant milestone for Bell Asset Management which is experiencing increased investor demand and interest in its global small and mid-cap market strategy.
Managing Director, Strategy & Distribution of Bell Asset Management, Rob Sullivan, says the new mandate is indicative of a strengthening pivot towards quality focused active management approaches that have shown to be more resilient in more volatile markets.
“We are seeing increasing demand for this segment
Bitwise Asset Management, creator of what it says is the world’s first cryptocurrency index fund, has launched two new low-cost, liquid beta funds, holding bitcoin and ether exclusively.
The Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are the second and third strategies in the Bitwise fund family, joining the broad-market Bitwise 10 Private Index Fund.
The launch of the funds is driven by inbound client interest and investor dissatisfaction with existing options, many of which carry premiums, charge exit fees, have lockups, and/or charge expenses to the fund outside the stated management fee.
“The 68 per
Bodhi Tree Asset Management (Bodhi Tree) has purchased a minority stake in Sudrania Fund Services (Sudrania) as part of its strategy to create a scalable front to back-office multi-asset class solution for RIAs, Family Office, and Endowment model investors, all backed by cloud technology.
Bodhi Tree offers quantitative tactical asset allocation strategies via fund and SMA structures to institutional and HNWI investors. Bodhi Tree is seeding technology-focused companies to create a diverse menu of front to back- office solutions for sophisticated investors.
“We chose Sudrania Fund Services for their in-depth knowledge and understanding of buy-side fund operations and ability
London-based asset management consultancy, MJ Hudson, has acquired Amaces, a data and analytics firm, which provides tools and consulting services to help institutional investors benchmark and monitor the cost and quality of the investor services they receive from their custodian banks.
The firm also provides innovative tools and related consulting services in the field of FX transaction cost analysis.
Founded in 2002 by two senior treasury and custody principals that worked together at Chase Manhattan (now JP Morgan) and then Citibank, Amaces has an established customer base and operations in Europe, as well as in the United States
Northern Trust is to acquire BEx, a provider of foreign exchange (FX) software solutions, to drive innovation and growth in its Global Foreign Exchange business.
The acquisition will give Northern Trust ownership of a platform providing algorithmic FX trading, global liquidity aggregation and transparency in execution and pricing to institutional clients worldwide. The agreement builds on an exclusive partnership between Northern Trust and BEx announced in 2016.
“BEx has been a key differentiator for Northern Trust, increasing the depth and breadth of our global FX execution capabilities,” says Pete Cherecwich (pictured), President of Corporate & Institutional Services (C&IS) at
PEGAS, the pan-European gas trading platform operated by Powernext, reported its best monthly volume in 2018 with 193.3 TWh traded in November. Once again, the spot segment posted a strong activity with 103.9 TWh, including the highest traded volume on PEGAS TTF Spot with 42.1 TWh (previous record: 41.3 TWh in March 2018).
Spot trading volumes in November reached 103.9 TWh , up 40 per cent over the previous year (74.3 TWh). With its new record (42.1 TWh), the Dutch TTF market saw an increase of over 90 per cent (November 2017: 22.1 TWh). The German delivery zones NCG and
New analysis from data provider instiHub reveals that Europe’s sub-advised fund assets have outgrown those of the broader fund market by 45 per cent over the 12 months to September 2018.
At the same time as the broad UCITS and AIF fund market (as reported by EFAMA) has grown by 6.5 per cent in the 12 months to September 2018 (from EUR13,921 to EUR14,822 billion), sub-advised fund assets grew by 9.4 per cent from EUR506 billion to EUR554 billion. The numbers exclude money market funds and those domiciled in South Africa (included in the instiHub data application) to enable a
