Funds
The London Metal Exchange (LME) is to introduce caps on maximum rates charged by LME-registered warehouses following a market-wide consultation.
This is the final part of the three-year-long warehouse reform programme designed to enhance the LME’s warehouse network and to ensure that it fully serves the requirements of the global metals market.
“We would like to thank all those who took part in discussions and consultations over the last three years, which have been invaluable in ensuring that we took the most informed and balanced action in refining our physical delivery network,” says Garry Jones (pictured), LME chief executive.
Despite global bond investors being on edge at apparent central bank impotency, the probability of a sizeable bear market is low with a possibility that fiscal policy could prove effective, according to asset manager AlllianceBernstein (AB).
John Taylor (pictured), portfolio manager – AB Dynamic Global Fixed Income Fund, says the major driver of the recent risk-off trade was the use of historically low, and in some cases negative, interest rates by developed-world central banks as they to tried to revive global growth and inflation.
“The countries that have resorted to negative rates to date – Denmark, Sweden, Switzerland and
Polen Capital Management is to act as adviser to the Polen Global Growth Collective Investment Trust and the Polen Focus Growth Collective Investment Trust funds, which are established by SEI Trust Company, a subsidiary of SEI.
SEI is a supplier of customised operating infrastructure and services to investment organisations worldwide.
The new Polen Global Growth and Polen Focus Growth CITs will consist of large cap equity securities invested with Polen Capital’s investment philosophy and process, which have a 27-year track record.
“We have seen a growing client interest for our investment strategies within a CIT vehicle – particularly
Eden Rock Group has purchased Gottex’s stake in ERG Asset Management and now owns the firm outright.
Eden Rock and Gottex established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as well as funds in administration.
More recently, the business has diversified and won a number of broader mandates, including the monetisation of the illiquid assets of a bank, the sale of multiple operating companies across a variety of sectors as well as the disposal of several portfolios of real estate.
ERG Asset Management has experience of asset sales,
Crystal & Company, a strategic risk and insurance adviser, has been named Best North American Insurance Provider by Hedgeweek for the third consecutive year.
It has also been named Insurance Firm of the Year by Finance Monthly for the second consecutive year.
The Hedgeweek Awards were presented earlier this month at a ceremony in New York City to celebrate the achievements of the top performing service providers in the US hedge fund industry. Winners were selected based on a peer review system whereby institutional and high net worth investors, managers, and other industry professionals at fund administrators, prime brokers,
French asset management firm Amundi is launching a single platform designed to bring its real and alternative assets under one entity and drive its aim of becoming one of the leading alternative asset managers in Europe.
The firm writes that real estate, private debt, private equity, infrastructure and alternative multi-management are now all part of an integrated business, bringing together 200 investment professionals in origination, structuring and management, responsible for EUR34 billion in assets (as at 30th June 2016). Amundi aims to double its funds under management in real and alternative assets by 2020.
Amundi’s reports that its track
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has been named the Best North American Cloud Services Provider in the Hedgeweek USA Awards 2016.
The awards, which celebrate the achievements of the best performing managers and service providers in the US hedge funds industry, are unique in that they are based on a peer review system.
The winners were determined by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
Maples Fund Services, a division of MaplesFS and an independent global fund services provider, is celebrating the 10th anniversary of the opening of its Hong Kong office.
Commencing operations in Hong Kong in 2006, Maples Fund Services provides accounting, middle office, risk reporting and administration services to a client base which includes investment management firms, institutional investors, pension plans and global financial institutions.
Eastern Fong, regional hedge of fund services – Asia, has overall responsibility for the business operations of Maples Fund Services in the Asia Pacific region. Having joined the firm in 2006, he has played a crucial
A Tanzanian gold mining firm part-acquired by The Montreux Natural Resources Fund is due to produce its first gold next year following “fast-track” development of two of its mines.
In September 2015, The Montreux Natural Resources Fund, formerly The Montreux Commodity Trading Fund Cayman, expanded its focus in the gold-mining sector by acquiring a 50 per cent stake in the Tanzanian mining investment company GRB Mining Ltd, based in Dar Es Salaam.
GRB Mining, which has developed a niche high value-low Capex-low Opex mining model, focuses on the production of gold from small-scale high grade mines in Morogoro, Tanzania.
Since September last year two
CBOE Holdings is to acquires Bats Global in a cash and stock transaction valued at approximately USD32.50 per share, or a total of approximately USD3.2 billion, consisting of 31 per cent cash and 69 per cent CBOE Holdings stock.
The deal is based on CBOE Holdings’ closing stock price of USD70.30 per share on 23 September 2016.
The transaction will significantly expand CBOE Holdings’ product line across asset classes, broaden its geographic reach with Bats’ strong pan-European equities and global FX positions, and diversify its business mix with significant non-transactional revenue streams.
CBOE Holdings expects to use Bats’
