Funds
London-based specialist European equity asset manager Argonaut Capital plans to launch an income-focused European equity fund, subject to FCA approval.
The Argonaut European Income Opportunities Fund will aim to achieve a yield far higher than the overall index, through selectively investing in higher yielding companies with sustainable dividends.
Argonaut’s current model portfolio has a gross yield of about 5.7 per cent, far in excess of the 3.6 per cent yield for the MSCI Europe ex UK Index.
Greg Bennett (pictured) will be the lead manager on the European Income Opportunities Fund, supported by Argonaut’s team of analysts, as
MJ Hudson has expanded it's alternative investments offering with the acquisition of investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital.
Established as an alternative investments law firm in 2010, MJ Hudson has grown rapidly and expanded its service offering within alternatives. Including the new acquisitions, MJ Hudson now provides advice and a fully integrated operating infrastructure to more than 300 asset managers, managing in excess of GBP200 billion. It also supports the activities of more than 100 institutional investors, together investing in excess of GBP500 billion.
Chief executive Matthew Hudson (pictured), says: “Our goal is
Corporate debt specialist Muzinich is launching two funds to be managed by the loans team who recently joined from ECM Asset Management (ECM), a Wells Fargo Asset Management company.
Muzinich announced in the summer that it had hired Torben Ronberg, Stuart Fuller, Sam McGairl and Alex Woolrich, who managed the sub-investment-grade business at ECM.
Ronberg and his team, who took up their posts this week, will now prioritise the launch of a new European senior secured loans vehicle, the Muzinich European Loans Fund.
They are also putting the foundations in place for the launch of a multi-asset vehicle,
Abel Noser has finalised the management-led buyout (MBO) of the firm along with private equity fund Estancia Capital Partners.
The transition of the business to the second generation of senior management after the retirement of its founding partners aims to help Abel Noser grow its existing businesses, including trade analytics services, transaction compliance, and agency-only brokerage inclusive of transition management (TM) services.
Using current and new technologies, Abel Noser plans an expansion of its core businesses, as well as investment in additional services the firm has been developing such as fixed income transaction cost analysis (TCA) and additional trade
REG Power Management has signed an asset management contract with BlackRock for the recently constructed 18MW Batsworthy Cross Wind Farm in Devon, England.
Batsworthy Cross joins the 26MW Glens of Foudland wind farm acquired by BlackRock from Centrica earlier this year.
Last month BlackRock also appointed REG as the asset manager for four solar projects totalling circa 63MWp, adding to five existing ground-mounted solar PV assets under management by REG for BlackRock funds.
REG Asset Management now has around 20 wind and 14 solar projects under management across the UK, taking the total managed capacity to nearly 260MW.
MMA Capital Management has entered into an agreement with an affiliate of TSSP, a special situations investment platform, to form a solar lending joint venture.
The joint venture will operate under the name Renewable Energy Lending (REL) and will provide financing for the construction and ongoing operations of solar power projects located throughout North America.
MMA Energy Capital (MEC), a wholly-owned subsidiary of MMA Capital, will provide loan origination and administrative services to REL. Kimberlite Advisors served as financial adviser in the formation of Renewable Energy Lending.
Michael Falcone (pictured), MMA Capital Management's chief executive officer, says: "We
Asian, European and UK markets have all seen significant falls following the news that Donald Trump is to become the 45th President of the United States.
In the opening minutes of trading in London, the UK’s FTSE 100 index was down 82 points (1.2 per cent), following earlier falls in other major European and Asian stock markets.
Japan’s Nikkei 225 closed down by 5.4 percent at the end of Wednesday trading, but Hong Kong’s Hang Seng fared better, trading 2.9 per cent lower, with the Shanghai Composite closing down 0.3 per cent.
US stocks are also expected to fall sharply
Wall Street Horizon’s earnings-related corporate event data is now available to the corporate "C-suite" and investor relations (IR) professionals for the first time through the Virtua platform.
Wall Street Horizon is providing Virtua Research, a financial services technology company, with five of its forward-looking and historical event data types via its Enchilada online application – corporate earnings dates, earnings reports, earnings announcements, earnings revisions and earnings conference calls.
In addition, Virtua subscribers will have the opportunity to purchase the full Enchilada premium service with all 40+ corporate event types.
Chief financial officers and financial analysts alike can perform
Broad geopolitical risks, including the outcome of the US presidential election and Britain’s exit from the EU, are among top risks facing the global financial system, according to a survey by The Depository Trust & Clearing Corporation (DTCC).
Other geopolitical risks that were mentioned include instability in the Middle East, the impact of the ongoing refugee crisis across Europe, and the influence of Russia and China on global relations and the world economy.
Respondents highlighted the unpredictable nature of world events, citing the potential for sudden escalation that could cause global market volatility and instability.
Cyber risk remained
Franklin Templeton Investments has soft launched the FTIF Franklin K2 Global Macro Opportunities Fund, a sub-fund of the Luxembourg-registered Franklin Templeton Investment Funds (FTIF) SICAV range.
This is the second liquid alternatives fund to be launched in the FTIF range. Luxembourg-based investors will be able to access the new fund from 25 November 2016.
The multi-manager fund seeks total return over a full market cycle through capital appreciation and will aim to achieve this goal by allocating its net assets across global macro oriented ‘alternative’ strategies. These will be sub-advised by institutional-quality managers and selected by the investment management
