Funds
Malta’s launch of its Institutional Securitisations Market (ISM) later this year will put the country on a competitive footing in the sector with Luxembourg and Dublin, according to Managing Partners Group (MPG), the international asset management group.
Jeremy Leach (pictured), Chief Executive Officer at MPG, believes the move signifies a huge effort by the Malta Stock Exchange (MSE) in advancing its services and improving the quality of financial services conducted in the country. The timing of the launch, in which the ISM will become a segment of the Exchange, also coincides with the introduction this year of the new ‘Simple,
In June 2017, the European Energy Exchange (EEX) achieved a total volume of 181.2 TWh on its power derivatives markets (June 2016: 374.7 TWh).
The June volume comprises 106.5 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
EEX launched new contracts during the month offering its customers further hedging opportunities against the background of the impending split of the German-Austrian price zone. On 26 June, the Phelix AT Future for the Austrian market and further short-term maturities as well as a Non-MTF offering
Low volatility net asset value (LVNAV) money market funds (MMFs), a new fund category introduced as part of a new regulatory reform of the sector in Europe, will likely attract a large chunk of the almost EUR600 billion in assets currently held in prime constant net asset value (CNAV) funds, according to a new report from Moody’s.
Under the new regulation, prime CNAV MMFs will be phased out by January 2019.
LVNAV funds closely resemble the current CNAV model in risk and structure, but unlike CNAV funds allow the imposition of liquidity fees and redemption gates on investors under
Gondor Capital’s two hedge funds continued to outperform in May firms’ domestic hedge fund Gondor Partners, LP climbing 9.68 per cent through May (+1.26 per cent MTD), beating its benchmarks, with the S&P 500 gaining 8.66 per cent and HFRX expanding 2.85 per cent during the same period.
Gondor’s offshore fund, the Gondor Partners, Ltd, closed the first five months of 2017 up 8.54 per cent (+ 0.73 per cent MTD), while the S&P 500 and the HFRX finished 8.66 per cent and 2.85 per cent respectively during the same period.
Portfolio manager Vincent Au points out that both
The value of non-Treasury debt listed on The Warsaw Stock Exchamnge’s Catalyst debt market reached PLN81.8 billion at the end of Q4 2016, the markets highest ever value, according to a new Grant Thornton report.
In addition, the report reveals that during the whole of 2016, the value of instruments listed on Catalyst did not fall quarter on quarter for the first time in three years.
Grant Thornton’s fifth analysis of Catalyst, which opened in September 2009, suggests that it is more than a trading venue for Treasury debt, and that the growing segment of corporate bonds still represents
Tages Capital (Tages) in partnership with Chicago & Bellevue based Rotella Capital Management (Rotella), has launched the Tages International Funds SICAV – Tages Rotella UCITS Fund.
This will be the fourth sub-fund of Tages International Funds SICAV, a UCITS-compliant umbrella fund structure domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
Rotella, established by Robert Rotella in 1995, has been a pioneer in the development of specialist systematic managed futures programmes. The Rotella Polaris Program has been managed since 1991, with the objective of producing consistent absolute returns, minimising monthly drawdowns, and maintaining relatively
MSCI has launched two new ESG indexes, the MSCI Japan Empowering Women Index (WIN) and the MSCI Japan ESG Select Leaders Index.
The Government Pension Investment Fund for Japan (GPIF), one of the world’s largest pension funds, has selected these innovative MSCI indexes as benchmarks for their ESG investment strategy. This reflects the growing use of MSCI ESG indexes globally as part of institutional investors’ investment processes.
Recent research has suggested that greater participation of women in the workforce may have benefits for the Japanese economy. As a result, the Japanese government has set out explicit goals to encourage women’s
Barclays has launched the Barclays Merger Arbitrage US Index Family, a new addition to the Barclays range of Quantitative Investment Strategies.
Barclays launched its first Merger Arbitrage indices in 2010. The addition of the new index family will allow investors to access potential returns from the successful completion of announced merger deals in the US.
The index aims to invest in a wide array of deals in the US and capture the deal spread between the price of the merger target shares and the terms of the deal. It takes a long position in the target company of the merger
The Libero Development Fund has beaten its objective of a return of 12 per cent net per annum for investors, returning 12.6 per cent.
Founded by asset management professionals Mary Murphy (pictured), and Iain Cahill, the fund is now in its third year of trading. It actively creates and trades, through private placement, European Medium Term Notes (EMTNs), bonds and structured notes. All of the securities are issued by investment grade institutions.
“It is very rewarding to be able to deliver on our objective for our clients,” says Murphy, Managing Director of the Libero Development Fund. “As we continue
Returns from Quaero Capital’s Infrastructure Securities strategy have taken off after the manager backed Europe’s outperforming airports.
The Airports sector was up by over 10 per cent in the last month. Spanish operator Aena was up 11 per cent, and is up 30 per cent year to date (YTD). There may be further upside due to the excellent prospects for capacity growth which is expected to continue at a 9 per cent annual rate for the rest of the year.
Additionally, growth from the acquisition of further concessions should provide further upside. Aena can raise long term debt at
