Funds
McKay Brothers, a specialist in low latency networks, has secured a minority investment from Jane Street Group that will support the continued growth of McKay’s successful private bandwidth and market data businesses.
Jane Street Group joins IMC, Tower Research Capital, Susquehanna International Group and XR Trading as minority investors in McKay. The companies’ founders continue to hold the controlling majority of McKay’s equity. Financial terms were not disclosed.
Stéphane Tyč (pictured), McKay Brothers co-founder, says: “Jane Street’s investment further validates McKay’s vendor model, which levels the playing field in financial markets by providing our lowest latency service to all
Strooga Consulting is pioneering new research on environmental, social and governance (ESG) integration by drawing on data solutions from Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment (RI) solutions for the investment industry.
ISS’ robust extra-financial data sets will enable Strooga Consulting to competitively assess voting patterns of leading mutual fund managers along a variety of ESG issues. Voting analytics will be featured in Strooga’s annual ESG Compliance Review to be released in the second half of 2018.
One of the key rights as a shareholder is the ability to vote on corporate governance issues.
TOBAM, a Paris-based research driven quantitative asset manager and founder of the Maximum Diversification approach, and China Asset Management Company (ChinaAMC), have formed a strategic partnership to develop a new Anti-Benchmark China A-shares equity investment strategy.
The announcement that China’s A Shares will be included in the MSCI Emerging Markets benchmarks by 1 June, 2018 has increased investors’ needs for core strategies in Chinese equities.
The Anti-Benchmark China strategies will seek to maximise diversification across the CSI indexes (CSI 300, CSI 500 & CSI 800 universes) by applying TOBAM’s patented Maximum Diversification approach, which is designed to avoid the
The average daily transaction value on the Euronext cash order book stood at EUR9,141 million in February, up 29.4 per cent compared to February 2017 and up 17.6 per cent from the previous month.
On 6 February 2018, Euronext daily volume reached a new record for the year, at EUR16,848 million, representing the 11th most active day since 2010.
The average daily transaction value on ETFs order book was EUR419 million, up 66.7 per cent compared to February 2017 and up 46.6 per cent from the previous month. At the end of February 2018, 803 ETFs were listed on Euronext
Since 2012, European direct-lending loan volumes have surged 120 per cent year-on-year, with an estimated 86 funds raising more than GBP50 billion.1 As Preqin noted in its Q2 2017 private debt report2, Europe had a total of USD39.1 billion of targeted capital.
This is encouraging news but there are reasons to be cautious, with some direct lending managers concerned by the rise of covenant lite deals and a perceived willingness to engage in risky lending activities to corporate Europe.
One of those managers is BlueBay Asset Management, one of the pioneers of direct lending who raised in excess of EUR3 billion
RiverRock has launched its digital Structured Products multi-dealer platform LinkedTrade, developed by its FinTech arm, RiverRock Technology Solutions.
LinkedTrade is a SaaS platform which enables Private Banks and Asset Managers to provide their clients with cutting-edge tools and ground-breaking solutions in designing and trading bespoke structured products.
LinkedTrade is designed to be easy to use, fast, highly scalable and can easily be connected and integrated with any in-house systems. It is adaptable and makes structured products accessible in any investment portfolios.
“New opportunities provided by artificial intelligence highlight the need to implement such solutions within our industry. We
Record Currency Management (Record) has signed both the FX Global Code and the LGPS Investment Code of Transparency.
The FX Global Code is a set of principles of good practice in the foreign exchange market that has been developed in partnership between central banks and market participants. It is intended to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of market participants, supported by resilient infrastructure, are able to transact confidently and effectively at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.
Local Pensions Partnership has launched the LPP I Fixed Income Fund, its inaugural fund dedicated to investing in fixed income as an asset class.
The fund aims to deliver optimal long-term risk-adjusted returns, capitalising on opportunities in the global fixed income market, with a strong focus on capital preservation. It will invest predominately in higher credit quality, highly liquid fixed income instruments across geographies, instrument types and maturities. The fund is aimed at capturing and enhancing risk-adjusted returns, irrespective of market conditions.
It provides LPP’s two full-service clients, the Lancashire County Pension Fund (LCPF) and the London Pensions Fund
Brisbane-based emerging manager WPT has just launched its first flagship fund, WPT Alpha Fund a purely quantitative long/short equity fund with the objective of achieving an absolute return uncorrelated to the S&P 500 index.
The model-driven approach is designed to utilise the momentum effect of securities, this strategy is focused on delivering alpha to all investment partners and outperforming under all market conditions in 2017 that strategy would have delivered 14 per cent net return with a Sharpe ratio of 2.74 and a max drawdown of 2.6 per cent with one billion dollars in the fund.
“We were initially
The Jersey Financial Services Commission (JFSC) has reported a sustained strong uptake in the Jersey Private Fund (JPF), with 100 structures being formed since its launch less than one year ago.
The 100th JPF was registered by the JFSC last week (2 March), underlining the interest in the product since it was launched in mid-March last year.
The latest addition to Jersey’s suite of fund structuring options, the JPF was introduced to provide institutional and professional investors with a more streamlined and fast-track regime with tailored ongoing regulatory requirements, under which funds for up to 50 investors could be
