Funds
Adjusted profit before tax (PBT) at Man Group was USD145 million for teh first six months of 2017, an increase of 38 per cent on the H1 2016 figure of USD98 million, according to the company’s latest interim results.
Funds under management meanwhile increased to USD95.9 billion in the period up USD 80.9 billion for the end of December 2016, while net inflows totalled USD8.2 billion, up from USD1 billion for the same period in 2016.
Luke Ellis (pictured), Chief Executive Officer of Man, says: “The first half of 2017 has been one of solid performance with 4% growth in management fee
ETC Global Group, on behalf of its subsidiary companies, ETC Global Holdings, Electronic Transaction Clearing, and Electronic Transaction Clearing Canada (collectively ETC); has entered into a new financing facility which will provide up to USD68 million in committed capital.
The Financing is being provided by certain affiliates of Cerberus Capital Management and Quantlab Investments. Proceeds from the Financing will allow ETC to immediately expand its United States and Canada broker dealer clearing operations and position the Company for further growth into new asset classes including options and FX, new product offerings including prime brokerage and stock loan, and other geographical
New York and Hong Kong-based alternative asset manager, Crystal Century Investment, is planning to expand its global platform into Japan under approval of the Japanese government’s Financial Services Agency.
The company has been granted a license to provide alternative investments and asset management services to accredited investors, with operations expected to commence from a Tokyo location during November 2017.
To complement its global presence, Crystal Century Investment will open the Tokyo office as the company expands its investment offering at a time when many investors are faced with what the company calls limited options in the US equity and
Recovery in southern Europe’s markets and stronger performance by manufacturing exporters have delivered for Quaero Capital’s value-driven European Smaller Companies strategy in recent months.
Corporate confidence indicators have continued to improve across Europe as the fears of political risk have given way to the resurgence of the political mainstream, supporting manufacturing exporters which are more sensitive to the economic environment.
With family ownership being particularly prevalent in the ‘Mittelstand’ exporters of Europe, the strategy’s sectoral exposure is well suited to this ‘Goldilocks’ scenario of firmer growth without inflation, according to the managers.
Quaero’s European Smaller Companies Team, writes:
Europe-domiciled bond funds received net inflows of EUR29 billion in June, the second-highest monthly tally since Morningstar started to publish European asset flows figures in 2007.
Total inflows for bond funds rose to EUR152.2 billion in the first six months of the year, a new high for semi-annual net inflows into the asset class.
Funds in the USD-hedged global flexible-bond category were the main beneficiaries of the rush to bond funds, specifically the PIMCO GIS Income Fund, rated Silver by Morningstar’s analysts. The fund amassed net inflows of EUR4.1 billion during the month and is now Europe’s largest open-end
Euronext has announced its results for the second quarter of 2017 including a 3.8 per cent increase in revenues to EUR137.3 million (Q2 2016: EUR132.3 million) on the back of improved trading volumes on both the cash and derivatives markets, with derivatives also benefiting from the closure of TOM in the Netherlands.
Operational expenses excluding Depreciation & Amortisation increased by 6.3 per cent to EUR58.1 million (Q2 2016: EUR54.6 million) due to the deployment of the company’s Agility for Growth initiatives, ongoing IT projects (including the development of our new trading platform, Optiq), and new business.
During the quarter,
Institutional investors based in Asia-Pacific have allocated more capital to hedge funds in recent years, reaching a record USD202 billion as of the end of 2016, up from USD180 billion a year earlier, according to Preqin’s new Hedge Funds in Asia-Pacific report.
This is at odds with allocation trends in North America and Europe, which in 2016 saw a greater proportion of investors indicate they were seeking to draw back from hedge funds than were looking to increase their investments. The majority of capital invested in hedge funds by Asia-Pacific-based investors comes from sovereign wealth funds, while several investors, particularly
StarCompliance, a provider of enterprise compliance and regulatory software solutions for the financial services industry, has secured an investment from Luminate Capital Partners, a San Francisco-based private equity firm, to support its global growth strategy.
StarCompliance’s software platform helps financial services institutions manage, prevent, detect, report and resolve employee conflicts of interest by providing an unmatched 360-degree view of employee activity across the enterprise. StarCompliance’s platform monitors critical regulated employee activities such as personal trading, gifts and entertainment, political contributions and outside business activities to ensure ongoing compliance and mitigate the operational and reputational risk of non-compliance.
“We are
LeverPoint Management, a full service Fund Administration firm, has acquired Lamplighter Financial. Lamplighter CEO, Brian Woodall, will take on a new role as Director, Business Development.
“We are thrilled that Lamplighter Financial is now a part of LeverPoint,” says David MacPhee (pictured), CEO, LeverPoint. “As we continue to grow and expand our client base across the country, acquisitions like these will be a vital part of the strategic process.”
LeverPoint is a Clifton Park, NY based Fund Administration firm that offers full service fund accounting, tax and back office support within the alternative investment sector. LeverPoint allows Fund Managers
Two new European indices for blue chips – the Morningstar Eurozone 50 Index and Morningstar Developed Markets Europe 100 Index – are now live on Euronext.
The indices developed by Euronext and Morningstar aim to provide different investor profiles (asset managers, brokers, ETF issuers, banks and trading desks) with equity beta indices that can be used as benchmarks and for investable product creation. The new indices are positioned as a competitive alternative to Europe’s existing offerings and are part of Morningstar’s Open Indexes Project, which delivers a portion of Morningstar’s global equity indices for no cost to the investment community
