Funds
Crescent Capital Group has held the final close of the Crescent European Specialty Lending Fund with more than EUR500 million of investor commitments, bringing the total deployable capital available to the strategy to approximately EUR650 million.
Since October 2014, the fund has committed approximately one-third of its capital across several investments.
“I am pleased with the growth of our European strategy both in terms of the significant capital we now have available as a result of this fundraise as well as the success of the transactions we have already closed in this fund,” says Christine Vanden Beukel (pictured), Managing
MarketAxess has reported total monthly trading volume for November 2015 of USD81.7 billion, consisting of USD47.2 billion in US high-grade volume, USD28.9 billion in other credit volume, and USD5.6 billion in liquid products volume.
MarketAxess is providing both the reported and adjusted estimated US high-grade TRACE volumes on its website. The Company believes that the adjusted estimated volumes provide a more accurate comparison to prior period reporting.
MarketAxess Holdings, operates an electronic trading platform for fixed-income securities, and is a provider of market data and post-trade services for the global fixed-income markets,
The FIX Protocol will now support higher time stamp resolution to enable market participants to be MiFID II compliant.
FIX formed the Clock Synchronisation Working Group in June 2015 to look at regulatory technical standard (RTS) on Clock Synchronisation as defined by ESMA and the practicalities of implementation. Within this RTS, there are requirements to communicate time stamps of certain events with granularities of one microsecond. Those with the obligation to report with this level of granularity include certain execution venues, banks and buy-side customers. The FIX Working Group is comprised of these different market participants plus members of the
All six of Market Vectors Index Solutions (MVIS) six investable Long/Short Equity Indices reocrded positive performance in November.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The Market Vectors Asia (Developed) Long/Short Equity Index led the way with a return of 1.21 per cent for the month followed by Market Vectors Global Event Long/Short Equity Index (0.71 per cent), the Market Vectors Asia (Developed) Long/Short Equity Index 0.14 per cent), and the Market Vectors Emerging Markets Long/Short Equity Index (0.13 per cent).
The
2015 has been a challenging year for CTAs, as commodity market volatility has proved difficult to navigate; especially for systematic CTAs, which are down -1.48 per cent through the calendar year (up to end of October). According to alternative funds research provider Preqin, CTAs are down -0.39 per cent YTD and Fund of Fund CTAs are down -6.18 per cent. By contrast, the average hedge fund this year is up +2.45 per cent.
Not that this is put investors off when it comes to incorporating CTAs into their portfolio; as Preqin’s Hedge Fund Spotlight for November shows, the number of
STOXX Ltd is a global index provider, currently calculating a global index family of over 7,000 rules-based and transparent indices. STOXX indices are licensed to more than 500 companies globally. Three of Europe's top ETFs and approximately 25 per cent of all AUM are based on STOXX indices. STOXX offers a wide range of smart-beta indices, one of the most recent additions being the introduction of the STOXX True Exposure index family (STOXX TRU), designed to help investors realign their portfolios.
STOXX TRU Indices work by giving investors the opportunity, when selecting investments in different regions or countries, to optimise
ETF Securities is using its established infrastructure to build out its smart beta product offering as investors increasingly turn to lower cost alternatives to active strategies. Having grown into one of Europe's leading ETF providers over recent years, ETF Securities has started to see momentum build in its ‘Canvas' initiative, borne out of the firm's desire to bring more solutions across different asset classes.
The Canvas initiative relies on ETF Securities' infrastructure to help external managers develop their own ETF offering or product ranges, as well as to launch ETFs off strategies that already exist within UCITS mutual funds. The
According to a new report by ETFGI, smart beta equity ETFs/ETPs listed globally, gathered USD53.7billion in the first 10 months of 2015. There were 764 smart beta equity ETFs/ETPs, with 1,336 listings and assets of USD399billion from 106 providers listed on 31 exchanges in 27 countries.
"If you look at some market studies," says Konrad Sippel, Global Head of Business Development at STOXX, "people are forecasting that by 2020, around 30 per cent of investor assets will be in smart beta products. Currently that figure is around 5 per cent or less so there is a huge growth potential for
International law firm Simmons & Simmons has launched a new online tax subscription service designed to help clients in the asset management & investment funds and financial institutions sectors when structuring and marketing funds.
The service, ‘Simmons & Simmons navigator: product tax’, is also the firm’s first online tax venture, as well as the third new navigator product the firm has launched since October this year. This service comes shortly after the recent launch of the firm’s MiFID2 Manager online tool earlier this month.
Over 100 clients of the firm have already expressed interest in navigator: product tax since exclusive
Cordium, a provider of compliance consulting and software solutions to the financial services industry, has launched a new social media review service.
As technology advances and social media becomes a more prevalent form of communication, usage by regulated entities such as advisers and broker-dealers has become more closely scrutinised. Business communications via social media accounts are becoming an area of interest for the SEC.
Cordium believes that Social media risk management and understanding the potential risks associated with the use of social media is a necessary part of a firm’s compliance program. The firm’s social media review service
