Funds
CME Group Inc (CME) has reported revenue of USD814 million and operating income of USD470 million for the fourth quarter of 2015. Net income was USD292 million and diluted earnings per share were USD0.86.
Adjusted for non-recurring items, net income would have been USD311 million and diluted earnings per share would have been USD0.921.
Total revenue for full-year 2015 was USD3.3 billion and operating income was USD2.0 billion. Net income was USD1.25 billion and diluted earnings per share were USD3.69. Adjusted for non-recurring items, 7 per cent year-over-year growth in revenue coupled with operating expenses down 1 per cent drove
Guernsey's funds sector is well-placed ahead of the activation of the Island's 'third country' passport, delegates at a Guernsey Finance-hosted ‘funds masterclass’ in London has heard.
Approximately 300 delegates were in attendance on Wednesday [3 February] to hear a panel of leading funds experts debate the current market landscape as it relates to the Alternative Investment Fund Managers Directive (AIMFD) and National Private Placement (NPP) regimes.
Held at the British Museum, the event titled ‘NPP or third-country passport?’, considered the European Securities and Markets Authority’s (ESMA) recommendation that Guernsey should be given access to the AIFMD passport scheme and how the
Bauer, the Italian high-end hotel group, and Blue Skye Investment Group, a special opportunity fund, have completed the reorganisation of Bauer’s EUR110 million debt, through a debt rescheduling and refinancing.
Bauer has employed a new four-year senior secured bond issuance, which includes an additional EUR20 million tranche aimed to finance future investments and developments by the group’s main hotel, the prestigious Bauer Hotel in Venice.
Bauer’s chief executive officer Francesca Bortolotto Possati and Blue Skye’s co-founders Salvatore Cerchione and Gianluca D’Avanzo agreed a debt rescheduling and refinancing with issue of bonds pursuant to article 67 of the Italian bankruptcy
Capita Asset Services is working with Irish fintech start-up, Fund Recs, to automate its cash and portfolio reconciliation process.
The cloud-based software will automatically reconcile broker and custodian data to Capita’s fund accounting system, InvestOne Enterprise. Clients will benefit from enhanced and user friendly reporting.
Paul Burke, senior manager fund accounting, Capita Asset Services, says: “Enhanced reporting will provide our clients with information concerning the cash and portfolio of their funds at a glance and the solution will further aid our Net Asset Value (NAV) process and deliverables. This investment not only prepares us for the reporting requirements of
STOXX Limited has launched the STOXX Low Carbon index family which consist of four sub-families offering varying degrees of carbon exposure enabling market participants to limit the exposure of their portfolios to carbon risk while participating in the low-carbon economic growth.
The STOXX Low Carbon index family is designed to act as an underlying for exchange-traded funds and other investable products, such as structured products and derivatives; and as benchmark for passive and active investment strategies.
“Reducing carbon emissions is a global objective, and market participants look for fully tailored solutions to decarbonise their portfolios to address long-term climate
Options has partnered with Observable Networks, a specialist in security analytics, to provide dynamic endpoint modelling for client networks.
Observable’s Dynamic Endpoint Modelling analyses all network endpoint devices in order to help identify early-stage indicators of suspicious behaviour and potential security vulnerabilities.
Observable Networks, which is headquartered in St Louis, Missouri, is an emerging leader of network security technology and advanced threat detection services that identify compromised and misused networked devices currently escaping detection by network security tools. Observable’s endpoint modelling technology includes a cloud-based service platform incorporating automated security analytics and real-time traffic sensors to continuously model all
Intercontinental Exchange’s (ICE) subsidiary, Interactive Data, is to work with AllianceBernstein (AB) to help the firm evaluate its trade execution quality and perform transaction cost analysis (TCA).
The work will be done across various mutual funds and separately managed portfolios using Interactive Data’s Best Execution (Best Ex) service.
Interactive Data’s Best Ex service leverages its Continuous Evaluated Fixed-Income Pricing to power TCA for fixed-income security trades. The tool assigns a score to trades based on measurement of the execution quality of a trade relative to other comparable trades within a selected universe.
“As a global leader in fixed-income active management,
100 Women in Hedge Funds (100WHF), a non-profit organisation for professionals in the alternative investment industry, has selected Solidarité Femmes as the beneficiary of all 2016 fundraising activities in Switzerland.
Funds raised by 100 Women in Hedge Funds will be used to support Solidarité Femmes’ activities dedicated to supporting children exposed to domestic violence. 100WHF is pleased to again support Solidarité Femmes following its 2010 funding efforts.
100WHF's philanthropic mission is to leverage its collective abilities and expertise in order to give back to the global community. Each year, 100WHF's Board of Directors selects charitable organisations in the US,
With 3,506.2 billion EURof assets under management as at 31 December 2015, Luxembourg has retained its position as the leading investment fund domicile in Europe, growing by 13.29 per cent during 2015.
The number of investment funds stood at 3,878. As at the end of November, Luxembourg accounted for 42.43 per cent of all net sales in Europe.
Investment funds domiciled in Luxembourg and initiated by US and UK asset managers represent the 1st and 2nd largest net assets under management, namely EUR759.8 billion and EUR581.5 billion, respectively, at the end of 2015.
Luxembourg is also increasingly recognised
The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the global hedge fund industry, finished down 1.42 per cent in January.
The Managed Futures strategy was the strongest performer for the month, with a return of 3.31 per cent, while the Merger Arbitrage strategy also finished in positive territory with a returun of 0.37 per cent.
The other three strategies that make up the CSLAB were all down with Long/Short recording the biggest decrease of -2.37 per cent, closely followed by Event Driven (-2.24 per cent), while Global Strategies was down 0.73 per
