Funds
A new white paper from Ampersand Portfolio Solutions, entitled The Risk Contribution of Stocks, puts a spotlight on the risk contribution of stocks in a portfolio and urges investors to diversify into other asset classes.
The paper states that most investors, both individual and institutional, believe that stocks are a good, perhaps even the best, investment in the long run.
However, the reason for expecting good performance from stocks is not always fully understood: Quite simply, it is because they are risky, the firm says.
The paper illustrates the riskiness of stocks; a value that escalates when volatility
The average daily transaction value on the Euronext cash order book stood at EUR8,671 million in March, up 17.3 per cent compared to March 2017 and down 5.1 per cent from the previous month.
On 16 March 2018, Euronext daily volume reached a new record for the year, at EUR19,684 million, representing the second most active day since 2010.
For the first three months of 2018, the average daily transaction value on the Euronext cash order book stood at EUR8,507 million, up 21.9 per cent compared to the same period last year.
The average daily transaction value on the
ACA Compliance Group (ACA) is to acquire Cordium, a provider of governance, risk and compliance (GRC) services. The financial terms of the transaction, which is expected to close this summer, subject to regulatory approvals, have not been disclosed.
The complementary strengths of both firms will ensure that clients will have access to the highest calibre regulatory consultancy services and technology – and will serve as the springboard for further product innovation and global expansion. The acquisition also will expand ACA’s services in Europe to include Cordium’s regulatory hosting platform, Mirabella, and a post-Brexit EU office.
Robert L Stype, CEO
Intercontinental Exchange (ICE) is to acquire the Chicago Stock Exchange (CHX), a full-service stock exchange, including trading, data and corporate listings services.
Financial terms of the transaction, which is expected to close in Q2 2018, subject to regulatory approval, have not been disclosed. The financial impact will not be material to ICE or impact capital return plans.
Subject to Securities and Exchange Commission (SEC) approval, CHX will continue to operate as a registered national securities exchange and will benefit from the planned deployment of the NYSE Pillar trading technology in ICE’s Chicago data centre. NYSE Pillar will also provide
Alternative asset manager EnTrustPermal has closed its Special Opportunities Fund IV with capital commitments of over USD1 billion.
EnTrustPermal’s Special Opportunities Funds are dedicated exclusively to co-investments, which target high-conviction ideas that are catalyst-driven and/or designed to exploit market dislocations.
EnTrustPermal launched its co-investment program a decade ago, as it saw an opportunity to extract a premium by capitaliSing on situations requiring longer-duration capital amidst the liquidity crunch of the global financial crisis. The program has since grown and expanded over 10-plus years, with opportunistic co-investments currently comprising over USD7.2 billion.
EnTrustPermal launched the fourth iteration of its
Cboe Global Markets is to migrate the Cboe Options Exchange to the company’s proprietary Bats technology on 7 October 2019. The planned migration of Cboe Options Exchange to Bats technology follows similar migrations for Cboe Futures Exchange (CFE) and C2 Options Exchange.
CFE was successfully migrated to Bats technology on 25 February 2018, while the planned migration of C2 Options Exchange is on track for 14 May 2018. Upon completion of the planned Cboe Options Exchange migration, all of the company’s equities, options and futures markets will trade on proprietary Bats technology.
Cboe Options Exchange is the company’s largest
Abel Noser Holdings is acquiring Zeno Consulting Group, a provider of best execution analysis, regulatory and trade surveillance services.
Zeno has over three decades of experience in helping asset owners manage and control equity, fixed income and FX trading costs.
“We are thrilled to have the Zeno team join our efforts to provide the most comprehensive suite of products available for asset owners,” says Ted Morgan, CEO of Abel Noser Holdings. “This joining of talent not only brings leading-edge expertise to our firm but will further expand on our ability to offer trade analytics and regulatory reporting to
PEGAS, a pan-European gas trading platform operated by Powernext, has recorded another high on its spot segment with 133.4 TWh in March 2018 (previous record: 112.4 TWh in February 2018).
Increased balancing needs due to a colder than usual start of Spring and various outages were determining factors in the overall spot volume increase. Monthly records were established on TTF, GASPOOL, PEG Nord, CEGH VTP, ZTP and TRS. The total monthly traded spot and futures volume amounted to 186.8 TWh, up 12 per cent from last year (March 2017: 166.6 TWh). Additionally, PEGAS’ new OTC Options registration service saw 527
Asian hedge fund platform OP Investment Management (OPIM) has partnered with Longrising Asset Management (Longrising) to launch the Longrising Prosperous China Fund, a Cayman-domiciled hedge fund for Professional Investors only.
The Fund will replicate Longrising’s strategy in the China A-share market partially, and deploys a top-down, long-short strategy mainly investing in China-related equities listed in China, Hong Kong, and United States stock markets to achieve long-term capital appreciation under a controllable risk level. The investment process begins with reviewing the economic cycle to adjust overall exposure, which allows the fund to enjoy the growth while control the downside risk. Plus
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported a 21 per cent increase in revenue in Q1 2018 compared with the same period in 2017.
The growth is attributed to winning a large number of new clients for its signature AbacusFLEXä IT-as-a-Service solution as well as new application hosting clients. Abacus Group also recently announced it has tripled its UK client base and was selected by TraderTools to host its FX trading network in the Abacus Private Cloud in both the US and the UK. Over the last 10 years since
