Funds
Guernsey is set to launch what it says will be the world’s first regulated green investment fund product following the publication of a set of draft rules by the island’s financial services regulator, the Guernsey Financial Services Commission.
Fund managers will be able to apply for a green label for their funds if they can demonstrate compliance with defined green rules. The system will be open to all types of new and existing funds, authorised, registered, Guernsey Private Investment Funds, open-ended and closed-ended, with different levels of certification available.
“This move is part of our strategy to be the
EEX Group further expanded its global position and achieved significant volume growth in almost all business fields in 2017.
Following the acquisition of Nodal Exchange and the migration of the PXE markets to the EEX platform, EEX Group recorded the biggest power trading volume worldwide for the first time in 2017 and now provides access to commodity markets in three time zones.
“The acquisition of Nodal Exchange constituted an important milestone in terms of our global reach. As a result, EEX Group now provides access to the three major markets: Europe, Asia and North America,” says Peter Reitz (pictured),
Reconciliation specialists Watson Wheatley has closed out its financial year with record turnover and the biggest increase in client numbers in the firm’s 10-year history.
Turnover, excluding prepayments at the firm, whose clients include hedge funds, long-only asset managers and commodities traders, for the 2017/18 financial year is up 33 per cent on 2016/17, accounted for by a significant increase in new business driven by enhanced system functionality and deep knowledge of reconciliation processes. Client numbers also increased by 30 per cent marking the most successful year ever for the UK-based firm.
Tom Wheatley, COO at Watson Wheatley, says:
Saxo Bank is partnering with Microsoft to run its entire technology stack on the Microsoft Cloud.
Saxo Bank is a fintech specialist focused on multi-asset trading and investment, servicing clients in more than 170 countries with access to investments in global capital markets and headquartered in Copenhagen, Denmark. Saxo Bank delivers “Banking-as-a-service” allowing other banks and brokers to leverage Saxo Bank’s technology and global capital markets access. Expecting the number and scale of partnerships to grow significantly, Saxo Bank has decided to leverage the Microsoft Cloud to ensure scalability, flexibility and security in the digital infrastructure.
“The future of
Two new liquid alternative funds were launched in Q1 2018, one Relative Value Fund and one Multi-Strategy Fund, according to Wilshire Funds Management’s Q1 2018 Liquid Alternatives Industry Monitor.
Additionally, there were 24 liquidations during the quarter.
AUM in the liquid alternatives universe increased by USD9 billion in the first three months of the year, while net inflows totalled approximately USD11.9 billion.
Relative Value Funds had the largest net inflows of USD7.5 billion, the largest net quarterly inflows to this space since the inception of Wilshire Liquid Alternative indices.
Following consecutive quarters of outflows, the Event Driven
BITREAL Capital has been granted marketing authorisation and registration by the German Federal Financial Supervisory Authority (BaFin) for the BITREAL Real Estate Blockchain Opportunities Fund 1 GmbH & Co KG (BREBCO 1).
Set up as a Spezial AIF, BREBCO1 is aiming for an equity volume of EUR40 million.
BREBCO1 provides professional, officially registered investments in cryptocurrencies and blockchain technology-based coins and tokens. Semi-professional investors, starting from a minimum EUR500,000 investment volume, and professional investors can now invest into the fund.
BREBCO1 aims to invest in blockchain technologies through established tokens, coins and virtual currencies (cryptocurrencies) as well as
All strategies performed well this week with CTAs taking the lead, supported by their short dollar positions and long energy positions, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
The diversified L/S Equity and Special Situations funds also shined, mainly boosted by their long bias.
Lyxor writes: “Since the February correction, alpha conditions, which were great, normalised. The worldwide re-correlation of stocks is persisting as investors focus on trade concerns, geopolitics, peaking economic trends and the implication from politics on the pace of reforms in Europe and Japan. In that context, companies’ fundamentals are less
Mike Amey, PIMCO’s head of sterling portfolio management and ESG strategies on the challenges facing the Bank of England…
The Bank of England has had to navigate a difficult set of circumstances in its attempts to raise interest rates. As far back as 2014, Governor Mark Carney suggested that rate rises could come “sooner than markets currently expect,” only for those aspirations to be dashed. Indeed, the next move in interest rates turned out to be a rate cut, in the aftermath of the June 2016 Brexit vote.
Then, after a carefully choreographed set of speeches indicating the time had finally
February’s spike in volatility caused nearly half (42.1 per cent) of investors to adjust their equity market outlook, according to the results of a survey published today by BarclayHedge and Markov Processes International (MPI).
The BarclayHedge, MPI Volatility Angst Survey collected responses from 164 investment professionals about their thoughts on equity markets, economic growth, and the use of managed futures to fend off stock market downturns.
In addition to concerns over increased volatility in the market – which saw its largest-ever one-day spike in the VIX indicator on 5 February, 2018 – respondents listed rising rates (30.7 per cent) and
The SS&C GlobeOp Forward Redemption Indicator for April 2018 measured 2.60 per cent, down from 2.91 per cent in March.
“SS&C GlobeOp’s Forward Redemption Indicator for April 2018 was 2.60 per cent, a small increase from the 2.41 per cent reported for the same period a year ago for April of 2017. Although slightly higher than last April, redemptions continue to trend in line with the historically low rates we’ve seen recently,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Overall, asset retention for the hedge fund industry has remained strong in the face of market volatility.”
The SS&C
