Managers
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
100 Women in Hedge Funds (100WHF) held its annual gala in Italy on 18 November at Milan’s Palazzo Visconti to raise money to support project Edu Care, a project developed by Fondazione Zanetti Onlus (FZO) and SOS Villaggi dei Bambini Onlus (SVB).
The funds raised will be used to provide education and professional skills to young people in care and to encourage their social inclusion. The project will also assist young girls and single mothers in social and economic difficulties by providing equal education and employment opportunities.
The Gala’s special guest was Alena Seredova, ambassador of SOS Villaggi dei
BlueCrest Capital Management, once Europe’s third biggest hedge fund firm, is to stop managing money for outside clients after a sharp drop in assets and weak returns from its flagship macro fund.
The firm’s flagship USD2.5 billion hedge fund, BlueCrest Capital International will be shut next year as part of the move announced this week.
BlueCrest Capital Management was founded by William Reeves and Michael Platt in 2000. The Jersey (Channel Islands)-based company has registered offices in London, New York, Boston, Geneva, Connecticut and Singapore. Forbes estimated Platt's net worth to be USD 3.5 billion in 2015.
In 2014,
Deutsche Börse Group has enhanced its securities lending services by linking a new agency lending service by Clearstream with Eurex Repo and Eurex Clearing. The new offering combines several elements of the broad Deutsche Börse value chain.
The joint new service is already available with first users reaching readiness. It offers customers advantages in terms of capital efficiency, straight-through-processing and potential higher returns for lenders as they can maximise the yield on their assets in a low-risk environment.
The transaction between the lenders and the borrowers is managed by Clearstream as the agent lender and tri-party collateral agent via
Trax, a provider of capital market data, trade matching and regulatory reporting services, has launched the Insight Demonstrator, a validation engine allowing institutional firms to test their reporting activity against MiFID II transaction reporting obligations.
The Insight Demonstrator capitalises on Trax’s expertise in providing industry-leading transaction reporting capabilities as an Approved Reporting Mechanism (ARM) under MiFID I. It offers a testing environment, with state of the art rules-based technology, to provide firms with valuable information about their transaction reporting activity ahead of forthcoming regulatory deadlines. Despite the potential delay for implementation of MiFID II rules, Trax continues to work with
CBOE Holdings is to launch options on FTSE 100 Index and the FTSE China 50 Index. Chief Executive Officer Edward T Tilly (pictured) made the announcement at the the firm’s Risk Management Conference Asia (RMC) in Hong Kong.
Options on the two FTSE Russell indexes are expected to begin trading at CBOE on 22 December, 2015.
The listing of the new FTSE 100 and FTSE China 50 Index options are part of a licensing agreement forged by CBOE and London Stock Exchange Group (LSEG) in February 2015. The deal made CBOE the exclusive provider of options on more than
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has increased its US presence and capabilities by opening a new office in Boston, which will provide support for its growing client base and the industry’s ever increasing demand for the AbacusFlex private cloud solution.
Abacus’s entry into the market was spurred by being selected by Boston based clients to provide a scalable, flexible and robust technology solution that also adheres to the latest regulatory compliance and security requirements.
"The financial services industry in the Boston area is significant, and both established and up-and-coming startup funds from across the region
