Funds
New market entrant Havelock London has launched the Global Select Fund, which it says combines the best of data science with traditional investment management.
Sitting at the core of Havelock London’s investment discipline is its approach to ‘AI’, which it defines as ‘augmented intelligence’, using technology to build rigour and efficiency into the investment system, whilst allowing human judgement to be focused on the high-impact tasks that are least suited to full automation.
Havelock London will utilise its proprietary quantamental investment system to identify long-term value opportunities and select a small number of well-understood investments. Using this approach, which
The total value of funds business in Guernsey is at a five-year high following a predicted rise in net asset value in Q2 2018, according to the latest figures from the Guernsey Financial Services Commission.
The figures for the end of June 2018 showed the net asset value stood at GBP276.2 billion, the highest since the end of June 2013, and a growth of more than GBP13 billion (4.94 per cent) on Q1 2018 and a 12-month growth of more than GBP5 billion (1.9 per cent).
Private equity business was a huge contributor, with a near GBP7 billion (6.6
BMO Financial Group has completed its acquisition of KGS-Alpha Capital Markets (KGS), a New York-based fixed income broker-dealer specialising in US mortgage-backed (MBS) and asset-backed securities (ABS) in the institutional investor market.
BMO announced the acquisition on 1May 1 2018.
The transaction complements BMO Capital Markets’ existing MBS trading business and immediately makes BMO a top-tier dealer in securitised products, with special emphasis on agency-backed residential and commercial MBS products.
KGS has been rebranded as BMO Capital Markets.
Four Seasons Asia, a long only and long/short investment house focused on Japan, is to launch a Japan-dedicated UCITS fund.
Four Seasons was created in 2006 by CEO Shigeka Koda and Managing Director Kahori Ando, who both also act as Co-Chief Investment Officers, and have more than 50 years of investment experience in the space between them. Shigeka Koda spent 14 years at Goldman Sachs prior to founding Four Seasons, where he was Japanese Equity Senior Portfolio Manager.
Kahori Ando spent 12 years at Sparx Asset Management before joining Four Seasons, latterly as Japanese Equity Senior Portfolio Manager. The firm
The Post-Trade Distributed Ledger (PTDL) Group, which brings together major post-trade industry participants and regulators to share information and ideas about how distributed ledger technology can transform the post-trade landscape, is to merge with the Global Blockchain Business Council (GBBC), a trade association for the blockchain technology ecosystem.
Under the GBBC’s direction, the PTDL Group will work to increase the level of interaction and activity between its 40-plus institutions, engage in thought leadership and regulatory engagement, and further grow its membership base.
The PTDL Group aims to provide a collaborative environment for post-trade market participants to share information on blockchain
Pan-European cash equities trading MTF, Aquis Exchange, has achieved a record market share of 3.17 per cent for continuous trading for the month of August, up from 2.66 per cent in the previous month. On 23 August, market share hit an all-time high of 3.49 per cent.
The value of shares traded hit EUR21.7bn in August, versus EUR19.2bn in July and average daily volume was up 8.3 per cent on the trailing month. Other highlights include a market share of 4.89 per cent in the top Swiss stocks (SMI 20) and 4.71 per cent in the UK’s FTSE 250.
CTAs outperformed in the hedge fund space in August, delivering positive returns in the range of 2-3 per cent depending on the benchmark, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Their long exposures to bonds and equities were both rewarding. From a regional perspective, their cautious stance on European equities was supportive but short positions on US bonds detracted as Treasury yields fell. Meanwhile, their long energy/short gold positions on commodities were a source of gains.
Lyxor writes: “On a negative note, Global Macro and L/S Equity strategies underperformed. EM Macro funds got hammered by
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 52 per cent to 271.3 TWh in August (August 2017: 178.9 TWh).
In the Phelix products for Germany, Austria and Germany/Austria, volumes increased by 44 per cent to 153.2 TWh (August 2017: 106.1 TWh). Also on the markets for France (24.7 TWh, +18 per cent), Italy (40.3 TWh, +34 per cent) and the Netherlands (1.3 TWh, +14 per cent), EEX achieved clear double-digit growth. Options markets contributed 36.3 TWh to the total volume (August 2017: 10.8 TWh).
The August volume comprised 163.2 TWh traded at EEX
Australian boutique fund manager Tribeca Investment Partners (Tribeca) has opened its initial public offer (IPO) for a new listed investment company, Tribeca Global Natural Resources Ltd (LIC). The company seeks to raise up to AUD250 million and aims to deliver investors a compound annual return in excess of 15 per cent.
The LIC intends to take advantage of the volatility in the natural resources sector by adopting a long/short strategy, investing along the value chain and through capital structures – equities, commodities and credit – to take advantage of relative value and valuation mis-pricing.
“The natural resources sector is
Newton Crypto has entered into a partnership with DVX Capital Markets, an affiliate of DV Trading and DV Chain, and the parent company of Independent Trading Group (ITG), a Canadian broker dealer regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
DV will invest up to USD15 million in debt and equity, dependent upon Newton reaching specified performance targets.
As Canada’s first commission-free cryptocurrency brokerage, Newton does not charge funding or trading fees. Newton’s native iOS and watchOS apps support Bitcoin, Ethereum and Litecoin trading. Currently in closed beta testing, Newton is planning to launch open trading in
