Managers
Cowen, formerly Cowen Group, has launched a new brand identity Outperform, designed to better reflect the quality and breadth of services the firm offers clients and partners.
“Financial services and actively managed investment products need to be differentiated and immediately recognisable as capable of contributing to overall client performance,” says Peter A Cohen (pictured), chairman and chief executive officer of Cowen. “In staying true to our mission, Cowen is a well-recognised organization with focused asset management offerings and knowledge-based financial services offerings for corporations and active investors.”
Jeffrey M Solomon, president of Cowen, says: “To be successful in
Algomi, a network company providing information-matching solutions for the optimisation of fixed income liquidity, is to acquire and distribute the ALFA product created and developed by AllianceBernstein (AB).
ALFA (Automated Liquidity Filtering & Analytics) was developed as an in-house liquidity tool by AB.
It provides cross-market information on liquidity and trade intent in order to give the buy-side a real-time view of the entire bond market including government bonds, investment grade, high yield, emerging market, municipal debt, and structured credit.
AB selected Algomi in a competitive search process to acquire and become the sole marketer of the product, now called
BrokerTec, a NEX Group business which provides electronic trading technology and services for the fixed income market, and MTS, a fixed income electronic trading venue that is part of London Stock Exchange Group, are expanding the RepoFunds Rate (RFR) indices by adding Dutch and Belgian repo indices.
The RFR indices were launched in 2012 and include the German, French, Italian, Spanish and pan-European RFR indices.
Each RepoFunds Rate index accurately reflects the specific effective cost of Repo funding for trades executed on BrokerTec, and MTS, which between them typically trade volumes of EUR230 billion per day (single counted). The
Chiron Investment Management, a boutique, multi-asset investment management firm, has launched a new UCITS fund, the Chiron Global Opportunities Fund.
The fund will employ a multi asset class strategy that will seek to preserve capital while generating a total return that outperforms its peers and relevant benchmarks.
The fund was launched in collaboration with UBS and is domiciled in Ireland as a sub-fund of Chiron Funds ICAV, an Irish UCITS structure.
Chiron will employ its signature quantamental investment process for the fund, which the firm describes as a hybrid combination of rigorous quantitative modelling with deep fundamental
Mourant Ozannes’ investment funds team has established the first five Jersey Private Funds (JPF) since the new regime came into effect last month.
Introduced by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.
Mourant Ozannes partner Dan Birtwistle (pictured) says: “In a buoyant fund raising market, the new JPF regime has quickly been seized on by existing and new clients alike as an effective, streamlined and proportionate product for privately offered alternative investment funds. The speed and
DNCA Investments has launched its first onshore OEIC with the DNCA European Select Equity Fund.
DNCA Investments, an affiliate of Natixis Global Asset Management, says the fund will invest a minimum of 80 per cent of assets in European (excluding UK) equities and employs a value investment approach, seeking stocks that are undervalued yet demonstrate sustainable profitability and growth.
The DNCA European Select Equity Fund will be run by two portfolio managers. Both based in Paris, lead manager Isaac Chebar (pictured), and co-manager Don Fitzgerald have combined investment experience of more than 40 years.
Chebar and Fitzgerald
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Commencing business under the current owners in 1995, Foster Raffan provides accounting and tax, audit, and wealth management services.
The firm commenced business under the founding partners in the 1970s. The compliance division has grown in the past 20 years as one of the leading business units within the firm, providing accounting, business planning and monitoring, payroll and company secretarial services, superannuation administration and tax
MV Index Solutions (MVIS) has launched the MVIS All World Long/Short Equity Index.
The index captures the systematic returns (beta) of long/short equity hedge funds that invest both regionally and globally.
It analyses the regional MVIS Long/Short Equity Indices (MVLSDA, MVLSEM, MVLSGL, MVLSNA and MVLSWE) to identify the factors driving their returns. It then applies a patented methodology that constructs a low volatility portfolio of ETFs corresponding to the factors with the most positive momentum.
The new index complements the suite of MVIS Long/Short Equity indices that cover global and selected regional markets.
“By investing in
April 2017 was an exceptional month for the alternative UCITS market in terms of capital inflow, according to the latest LuxHedge Alternative UCITS Overview report.
Total assets under management grew by EUR15 billion (+3.5 per cent), which represents the second largest absolute value growth ever recorded at LuxHedge.
Investors most notably increased their exposures towards fixed income arbitrage (+EUR7.2 billion), multi strategy (+EUR5.4 billion) and global macro funds (+EUR1.4 billion).
LuxHedge writes: “During the month of April, we added 20 new alternative UCITS funds to our database and liquidated 15. In line with the trend of the past
Global Prime Partners has relocated to larger offices to accommodate growing business lines, rebranded as GPP and launched a new website.
To date, 2017 has been all about growth and evolution at GPP. Demand for its core services – prime brokerage and clearing and custody – has been strong with the number of clients up 14 per cent year-on-year.
In February the firm launched a structured products business and is set to launch new wealth solutions and multi-asset execution business lines in the second half of 2017.
With this expansion came the need to relocate to larger offices
