Funds
StepStone Group is to acquire private debt and hedge fund solutions provider Swiss Capital Alternative Investments. Completion of the deal will follow customary regulatory approvals and is expected to close before year end 2016.
Terms of the acquisition have not been disclosed.
Swiss Capital is an international alternative asset manager with more than USD5 billion of assets under management offering customised solutions across a variety of platforms to institutional investors, primarily in Switzerland, Germany and Austria.
As part of the acquisition, StepStone will launch StepStone Private Debt and StepStone Hedge Funds, which will combine StepStone’s global capabilities and significant institutional
Broadridge Financial Solutions has broadened its Global Post Trade Management (GPTM) solution, adding exchange-traded derivatives functionality through the acquisition of Dojima LLC.
Through this acquisition, Broadridge Global Post Trade Management will facilitate central clearing for exchange-traded derivatives, which encompasses connectivity to global clearing houses and exchanges through its global, multi-asset class post-trade solution. Terms of the deal have not been disclosed.
Dojima’s solution, rebranded as Broadridge Derivatives Clearing, a component of GPTM, offers a modern, multi-asset multi-tenant clearing and connectivity platform for exchange-traded and cleared OTC derivatives. Its real-time, rules driven, auto-clearing facilities allow trades to flow seamlessly from global
April hedge fund returns were generally positive with 2/3 of reporting funds up during the month, but smaller funds outperformed larger managers, a trend which has persisted throughout the year, according to eVestment’s latest Hedge Fund Performance report.
Commodity funds excelled in April and distressed funds rebounded for a second consecutive month. There were pockets of losses from macro and large managed futures funds which weighed on industry returns.
Commodity hedge funds produced average aggregate returns of +4.10 per cent in April, bringing YTD returns to +6.01 per cent. The group benefitted from a surge of higher prices across the
China is in the midst of a poor-quality rebound, says Geraud Charpin, Portfolio Manager, BlueBay…
Risk assets were trading weaker in the past week amidst volatility in currencies, an unconvincing earnings trend dotted with notable misses and the realisation that asset prices have gone up again while global economic conditions are getting more stretched rather than stronger. A number of themes were discussed across desks and it is macro themes rather than bottom up stories occupying the minds of our analysts.
There are a lot of discussions across the firm about whether China should matter in the here and
Options, a managed service and IT infrastructure provider to the global capital markets industry, has selected Fortinet to optimise key aspects of the firm’s email and network security, and enable enhanced cybersecurity capabilities for client firms.
The deal has seen Options deploy Fortinet’s end-to-end, next generation firewall solution known as FortiGate and industry leading, email security platform, FortiMail, to heighten protection against spam, malware and other message-borne threats.
Fortinet‘s solutions, which protect the most valuable assets of some of the largest enterprise, service provider and government organizations across the globe, have been deployed right across Options’ suite of managed infrastructure
The US Commodity Futures Trading Commission (CFTC) has issued a proposed amendment to a final order the CFTC issued on 28 March, 2013 that exempted certain specified transactions of six Regional Transmission Organisations and Independent System Operators (RTO-ISO Order) from certain provisions of the Commodity Exchange Act (CEA) and CFTC regulations.
The RTO-ISO Order exempted contracts, agreements, and transactions for the purchase or sale of the limited electric energy-related products that are specifically described within the RTO-ISO Order from the provisions of the CEA and CFTC regulations, with the exception of the CFTC’s general anti-fraud and anti-manipulation authority, and scienter-based
The Oxford-Man Institute (OMI), an academic institute for research into quantitative finance formed by the University of Oxford and Man Group in 2007, is to expand its focus on machine learning and data analytics.
As part of this development, OMI is becoming part of the University’s Department of Engineering Science from 1 August 2016.
The development of the OMI’s focus will create a hub for machine learning and data analysis at Eagle House, the current home of the OMI and Man AHL’s Oxford research lab. The OMI’s researchers will be joined by the Department of Engineering Science’s Machine Learning
Everest Re Group has launched the Alternative Solution Group at Everest Specialty Underwriters, offering transactional risk insurance as well as professional and management liability insurance on both a primary and excess basis to private equity firms and hedge funds.
Robert Clark has been appointed to the position of Vice President to head up this new unit. Robert joined Everest in late 2015 from Axis Insurance Company, where he was Vice President of the Private Equity Group. Prior to that, Robert worked for Moody’s Investor Service as an analyst for the P&C Insurance Team, which included responsibility for a portfolio of
The Depository Trust & Clearing Corporation (DTCC) and the Korea Exchange (KRX), the sole securities and derivatives exchange operator in South Korea, has signed a Memorandum of Understanding (MOU) to cooperate with each other on a Trade Repository (TR) solution in Korea.
Under this MOU, DTCC and KRX express their intent to build a long-term relationship in order to establish a successful TR in Korea. To achieve this goal, these companies will explore linking DTCC’s Global Trade Repository (GTR) solution directly to KRX, allowing international firms to leverage GTR for cross-border transaction reporting to Korean regulators. The potential solution would
London based Institutional investment consultant, Absolute Return Partners (ARP) has launched the ARP Energy Fund, a multi-manager solution for investors wishing to gain exposure to energy markets without taking on additional equity exposure.
The Fund, an Alternative Investment Fund, has an absolute return target of 12-17 per cent net per annum and consists of a concentrated portfolio of energy funds, each with a minimum 3-year track record and a combined total of over US$1 billion of assets under management. The rationale for the Fund is based on ARP’s belief that fundamentals have created a wide trading range for oil and
