Funds
Industry veteran Marjorie Kaufman (pictured) has joined Activist hedge fund manager Barington Capital Group as a partner in charge of marketing and investor relations.
Kaufman’s mandate is to bring Barington’s impressive 15-year record as an activist investor to the family office and institutional markets.
Kaufman brings extensive capital raising and relationship management experience to Barington. Most recently, she was Managing Director and Head of Marketing at Guggenheim Global Trading, a multi-strategy hedge fund. Previously, she served as a Managing Director with Golden Seeds, helping emerging companies secure financing. From 2003 through 2010, Kaufman was Managing Director and Head of
Dublin-based asset manager Mediolanum Asset Management has chosen private financial cloud provider Options as its new managed application and hosting provider.
The deal sees Options deliver FusionInvest, Misys’ fully integrated portfolio and risk management solution, as a fully managed service for Mediolanum in partnership with the technology consultancy firm, Cronos Consultants Group. The announcement follows Mediolanum’s recent decision to overhaul its entire IT platform to implement a new front-to-back data management solution in conjunction with Misys.
Mediolanum will leverage Options managed application solution, Momentum. Momentum combines a global platform, for hosting dozens of customer proprietary applications, with a standardised platform for
The Managed Funds Association (MFA) has updated its equity market structure recommendations with the Securities and Exchange Commission (SEC) and other regulators.
MFA’s recommendations would help improve critical market infrastructure, reduce operational risk, improve the overall quality of the US equity markets and strengthen investor confidence through greater disclosure and transparency.
MFA also urged regulators to consider conducting regular data-driven reviews of parameters for market volatility controls; to develop and implement contingency plans and interim processes with respect to closing auctions and other technical outages; and to enhance order handling and trading data transparency and accuracy so that investors
Figures from the European Securities and Markets Authority (ESMA) have underlined the strong relationship between Guernsey’s fund industry and the European marketplace.
Data contained within ESMA’s advice on the granting of third country passports under the Alternative Investment Fund Management Directive (AIFMD), reveal that Guernsey was the third largest non-EU fund domicile, behind only the US and Cayman Islands, for the number of non-EU AIFs and non-EU AIFMs marketing into the EU Member States of the UK, Ireland, Sweden, the Netherlands, Luxembourg, Finland, Denmark and Belgium for the nine-month period up to March 2015*.
The UK remains a key
The FOMC meeting on 17 September caused market jitters as market participants were probably expecting the Fed to clarify its policy intentions. The stance of the FOMC was merely interpreted as a delay in the rate hike, with a first move still likely to take place later this year as confirmed by J Yellen in a speech on 24 September.
Euronext has launched the Euronext BeNe 40 Equal Weight index, an index reflecting the 40 most traded companies included in the BEL 20 and AEX indices.
The index is composed of the 40 most traded companies included in the BEL 20 and the AEX and will be rebalanced to equal weight at each quarterly review. The Euronext BeNe 40 Equal Weight index will be calculated as a price index, net return index, gross return index and an excess return index. The index is calculated and published every 15 seconds.
The index is designed to act as an underlying for
London Stock Exchange Group (LSEG) and The Depository Trust & Clearing Corporation (DTCC) are partnering to provide clients with a connection to UnaVista’s Approved Reporting Mechanism (ARM).
The service will allow DTCC clients to comply with the Markets in Financial Instruments Regulation (MiFIR) utilising their current connection from DTCC’s Global Trade Repository (GTR). The MiFIR reporting requirements will supplement the existing EMIR post-trade reporting requirements for derivatives trading activities. UnaVista and DTCC currently jointly process around 20 billion regulatory reports annually, across all asset classes and global markets.
Through this joint offering, GTR users will be able to submit
Lutetia Capital’s Lyxor Lutetia Merger Arbitrage (UCITS) fund increased its assets to USD125 million in the two months since becoming available on the Lyxor UCITS platform, on 7 July.
The fund launched with initial commitments of USD40 million and also serves as a dedicated managed account for the SGI Merger Arbitrage II flagship Index from Société Générale.
The strategy pursued is pure merger arbitrage, which focuses on large cap equities in Europe and North America subject to friendly takeover bids. The strategy seeks to deliver regular absolute returns while preserving capital in all market conditions, through a detailed quantitative
The US Commodity Futures Trading Commission (CFTC) has issued an order regarding ICE Trade Vault, a provisionally registered swap data repository.
The order adds the “interest rate” and “foreign exchange” asset classes to those asset classes that ICE Trade Vault intends to serve as a swap data repository pursuant to section 21 of the Commodity Exchange Act and Part 49 of the Commission’s regulations.
The CFTC granted provisional registration to ICE Trade Vault, LLC as a swap data repository on June 27, 2012. ICE Trade Vault, LLC is also currently approved to accept swap data for the credit and
By Fred Ingham, Neuberger Berman – A quiet revolution is happening in hedge funds. Investors continue to allocate to the asset class, but the way they are allocating is changing, The investor base is growing broader and becoming more inclusive.
With both bond and equity markets facing major challenges, investors are increasingly seeking strategies that are not tied so tightly to the performance of the broader equity and fixed income markets. This trend has been picked up over several years by the Morningstar and Barron’s Alternative Investment Survey of US Institutions and Financials Advisors, the 2014-15 edition of which was
