Funds
JTC, a provider of fund, corporate and private wealth services to institutional and private clients, is to acquire Van Doorn from International Capital Group BV.
Van Doorn is a specialist provider of corporate and related fiduciary services based in Amsterdam, the Netherlands. The firm’s 16 employees will combine with JTC’s existing Institutional Client Services team in Amsterdam, increasing JTC’s market presence in the region, broadening its services and creating greater opportunities for future growth.
The principal managers of Van Doorn, who are also shareholders of the Seller, Aravind Ramanna and Eke Verbeke, will join JTC at completion.
The
Neuberger Berman, a private, independent, employee-owned investment manager, has launched a UCITS strategy investing primarily in collateralised loan obligations (CLO) mezzanine debt securities.
Targeted at sophisticated investors, the Neuberger Berman CLO Income Fund launched with USD77 million of seed client investment. The Fund is managed by Pim van Schie (pictured), Joseph Lynch, and Stephen Casey, senior portfolio managers in Neuberger Berman’s USD43 billion non-investment grade and structured credit team.
The Fund aims to generate an attractive risk-adjusted return relative to comparably rated corporates with minimal duration by investing primarily in US dollar and euro-denominated floating rate CLO mezzanine debt
Bitwise Index Services, a subsidiary of Bitwise Asset Management, creator of a cryptocurrency index fund, has launched three additional indexes covering the mid-cap, small-cap, and total-market segments of the cryptoasset market.
In addition, the company has renamed the HOLD 10 Index as the Bitwise 10 Large Cap Crypto Index.
The new additions to the Bitwise Crypto Index family are: the Bitwise 20 Mid Cap Crypto Index (BITW20); Bitwise 70 Small Cap Crypto Index (BITW70); and Bitwise 100 Total Market Crypto Index (BITW100).
To support the indexes, Bitwise has launched an index advisory board, featuring experts in institutional indexing and
Saxo Bank Group has reported a positive net profit of DKK150 million for the first six months of 2018.
In a period with low market volatility and the introduction of a new competitive pricing structure, operating income for the Group reached DKK 1.51 billion, a decrease of 0.3 per cent compared to the first half of 2017. Client collateral deposits continued to rise to DKK 110.4 billion representing an increase of 7 per cent compared to the end of 2017.
Saxo Bank Group continued to strengthen its capital position with the total capital ratio for the Group reaching
The Vienna Stock Exchange is now distributing the first crypto index calculated by the LIMEYARD joint venture in cooperation with Decentriq, a specialist in distributed ledger technology.
The central data feed of the Vienna Stock Exchange reaches around 250 data customers from 68 countries.
The LIMEYARD Crypto Asset Index (LYCAI), calculated in USD and Bitcoin, consists of the top 20 crypto assets and is distributed realtime by the Vienna Stock Exchange. The composition of the index is rebalanced on a monthly basis to ensure maximum agility. In addition, the crypto index provides investors with maximum transparency by using public information
A brand-new social impact offset token has come out of a 25-year history of creating sustainable solutions for corporations, explains Todd Lemons (pictured), chairman of the Veridium Foundation.
Veridium is a collaborative initiative between a coalition of industry leaders including IBM, Stellar, Brian Kelly Capital Management, EnVision Corporation, and IDEAcarbon (a division of IDEAglobal),
Some 10 years ago, InfiniteEARTH (also part of the EnVision group of companies), authored the first forest carbon accounting methodology, now known as REDD+ (reducing emissions from avoided deforestation and degradation), which is now embodied in the Paris agreement.
The company developed the first internationally recognised
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.71 per cent in July, outperforming the -0.15 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Risk assets gained on the continued economic momentum provided by corporate tax reform and reduced trade tensions between US and Europe,” says Jason Schwarz
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.21 per cent gain in July. Year to date, the Index has lost 1.98 per cent.
“Although Managed Futures were able to register a small gain in July with 57 per cent of the underlying index constituents reporting profits, the dispersion of monthly returns was quite high, ranging from a 41 per cent gain down to a 15 per cent loss,” says Sol Waksman, founder and president of BarclayHedge.
Four of Barclay’s managed futures indices had gains in July, while six had losses. The Cryptocurrency Traders
Vistra, a global fund administration, trusts and corporate service provider, has completed the acquisition of the Corporate Services business of Deutsche Bank’s Global Transaction Banking division.
Following Vistra’s announcement of the deal in September 2017, the Corporate Services business will now be rebranded under the Vistra umbrella.
‘Corporate Services’ provides management and administration of Special Purpose Vehicles and asset holding companies to banks, non-bank financial institutions and corporates. The business specialises in the administration of structures for: Structured Finance transactions (Collateralized Loan Obligations, Collateralized Debt Obligations, Securitisations, Mortgage-Backed Securities); Aircraft Leasing; Commercial Real Estate holding; and Investment Funds (mainly private
The Eurekahedge Hedge Fund Index gained 0.41 per cent during the month of July, kicking off the second half of the year on a positive note, despite trailing behind the MSCI AC World Index (Local) which rallied 2.59 per cent over the same month.
Despite the trade friction between the US and China showing no signs of slowing down, North American equity markets posted notable performance on the back of the second quarter earnings season which saw strong earnings from major corporates. The Eurekahedge North American Hedge Fund Index gained 1.17 per cent in July.
European fund managers were
