Funds
Principia Partners, a solutions provider for derivative and structured finance operations, has launched pasVal, an online portfolio valuation, risk, and accounting management service.
The pasVal service is a web-based interface that leverages Principia’s 20+ years of derivatives expertise. Its market-proven valuations engine provides complete portfolio reporting to a wide range of derivative specialists who require sophisticated pricing and analytics without the burden of full-scale system ownership.
“We recognised there were many businesses that wanted access to our award-winning pricing capabilities but who also wanted to minimise their systems’ infrastructure, not add to it. With pasVal, we’ve eliminated that concern,”
Private equity firm TA Associates is to acquire Frank Russell Company’s asset management business, Russell Investments, from London Stock Exchange Group (LSEG) in a deal valued at USD1.15 billion.
As part of the deal, which is subject to the usual regulatory approvals and is expected to close in the first half of 2016, Reverence Capital Partners is making a ‘significant minority investment’ in Russell Investments.
“We are delighted to partner with such an established and highly respected market leader in the investment management industry,” says Todd Crockett, a Managing Director at TA Associates. “We believe that the breadth of Russell Investments’ investment and implementation operations, as well as its orientation
ICAP’s Global Broking business and ICAP Information Services (IIS), the information and data division of ICAP, have together launched the ICAP Euro Interest Rate Swap (IRS) Index.
The ICAP Euro IRS Index is intended to track the return of a strategy which invests in Euro interest rate swaps. The index incorporates proprietary ICAP order and trade driven prices, which are published on ISDA reference pages.
Calculated in real time from 8:00 to 16:30 London time, the ICAP Euro IRS Index is available with 1-30 year maturities on Bloomberg. Products tracking the ICAP Euro IRS Index could be valuable management tools
Perella Weinberg Partner’s Asset Based Value (ABV) Investment Team led by ABV Strategy Portfolio Manager & Partner, along with Partners Andrew Dym and Mark McGreenery, is to separate from the business and set-up as an independent registered investment advisor.
The new RIA will then become a sub-advisor to the existing funds providing investment management continuity for the remaining term of the USD1.7 billion of assets under management.
Robert K Steel (pictured), Chief Executive Officer, Perella Weinberg Partners, says: “The Firm, David and the ABV Investment Team and our investors had a successful seven-year relationship. During this time the ABV
Hedge funds declined for the fourth consecutive month in September, according to HFR, with global equities, commodities and high yield credit posting steep losses, while volatility posted increases sustained throughout the month.
The broad-based HFRI Fund Weighted Composite Index declined by 1.1 per cent in September, the fourth consecutive monthly decline for the Index and the longest such sustained decline since the Financial Crisis in 2008. The performance drawdown of -5.0 per cent since June brings the YTD Index performance through September to a decline of 1.3 per cent, which still tops the S&P 500 by 400 basis points and
Boerse Stuttgart, Germany's leading exchange for retail investors, has gone live on Genium INET. The system named Xitaro will be used for trading of all asset classes including equities, fixed income, exchange traded products and securitised derivatives.
In addition to delivering the exchange system, Nasdaq is also providing Boerse Stuttgart with hosting and technical operations services.
"Especially at times of intense competition, exchanges need to maintain a broad level of investment in their systems," says Dr Christoph Boschan von dem Bussche, Member of the Management Board of Boerse Stuttgart GmbH. "That is the only way to ensure stability and
Euronext saw record trading in its Rapeseed grains Futures contract on 6 October 2015 with 21,140 lots traded. This record surpasses the previous best of 20,881 lots in October 2013.
Rapeseed oil, thanks to its chemical properties, is a key component for the European diesel blending supply chain, especially in winter. The recent rally in the oil market and Rapeseed’s close correlation to gasoil have contributed to this increase in trading volumes.
Euronext launched a combined Rapeseed derivatives complex in 2014, offering the industry both Rapeseed meal and Rapeseed oil futures and options in individual contracts. The launch expanded the Euronext commodities
OpenGamma, a specialist in market structure risk management solutions, has enhanced its multi-CCP margining solution to support Eurex ETD, OTC, and Cross Margining.
The Eurex Clearing Prisma Margin Estimator (PME), which was announced this week, is based on the OpenGamma Margining Eurex Clearing Module.
Better measurement and management of CCP exposures and associated costs is fast becoming a critical aspect of risk and capital management in the OTC derivatives market. The optimisation of those costs through various mechanisms, whether through active collateral substitutions or capitalising on available cross-margining benefits, is an important next step for the industry in a
Agecroft Partners is again planning to donate 100 per cent of its profits from the Hedgeopolis New York 2015 hedge fund conference to non-profit organisations that benefit children.
In 2014 Agecroft, through its founding partner Don Steinbrugge (pictured), donated approximately USD100,000 in profits from Hedgeopolis 2014 both directly and to a charitable trust for non-profit organisations that benefit children. This year, Agecroft Partners plans to donate to over 15 different organisations with a majority of the donations going to organiations that help troubled youth.
Some of the organisations selected to receive funds include: ChildSavers, Elk Hill, Children’s Hospital Foundation,
Eurex Clearing is to launch its new Eurex Clearing Prisma Margin Estimator (Eurex Clearing PME), which has been developed in collaboration with OpenGamma, on 16 November 2015.
This new service will further enhance the risk management offering for its members as it helps them and their clients to assess Eurex Clearing Prisma initial margins for their current as well as for any hypothetical portfolios.
“We have worked closely with Eurex Clearing to ensure that the Eurex Clearing PME supports their state-of-the-art margin methodologies and the needs of their clients,” says Mas Nakachi, CEO of OpenGamma. “The Eurex Clearing PME
