Managers
Federated Investors is to acquire approximately USD1.1 billion of Huntington money market fund (MMF) assets which will transfer to two Federated money market funds with comparable investment objectives and strategies.
Approximately USD236 million in prime money market assets will be reorganised from the Huntington Money Market Fund into Federated Prime Cash Obligations Fund, and approximately USD870 million will be reorganised from the Huntington US Treasury Money Market Fund into Federated Treasury Obligations Fund.
"As a leading provider of liquidity-management services, Federated regularly works with organisations of many types and sizes to find the best solutions for their cash-management needs,"
KKR & Co is to acquire a 24.9 per cent interest in Marshall Wace through a combination of cash and common units. In addition, KKR and Marshall Wace have the option to grow KKR’s ownership interest over time to 39.9 per cent.
Founded in 1997 by Paul Marshall and Ian Wace, Marshall Wace has over USD22 billion of assets under management as of August 1, 2015, predominantly in equity long/short strategies. Marshall Wace has an excellent 17-year track record of innovation and investment success, consistently delivering attractive risk-adjusted returns that have low correlation to the overall markets. In addition, the
Infrastructure investment in Japan has traditionally been dominated by government-related entities and infrastructure companies, with limited private capital participation. However, the investment climate for the asset class has seen some favourable changes in recent years with the revision of the PFI Law (Act on Promotion of Private Finance Initiatives) in 2011 and the introduction of Abenomics in 2012, which included a sizeable stimulus package focused on critical infrastructure projects…
Read the full factsheet here, featuring charts tables and analysis of the Japanese infrastructure investor universe.
Euronext has expanded its Spotlight options offering with new options on Flow Traders NV (FLW), a technology-enabled liquidity provider that specialises in exchange traded products (ETPs).
The options follow the company’s successful IPO on Euronext Amsterdam in July this year and are available for trading as from 14 September.
In addition, Euronext promoted the existing Spotlight option classes Euronav (option trading symbol: EUN) and BE Semiconductor Industries (option trading symbol: BES) to the standard options segment which means that the lifetime of these contracts will be further extended. The extension to longer maturities follows the lively trading in these
The LuxHedge Global UCITS Index fell by 1.64 per cent during August, one of the worst monthly performances experienced in years. This strong decline reflects the catastrophic trend exhibited by the global markets.
The equity markets massively suffered with -9.10 per cent in Europe, -6.02 per cent in the United States (US), -9.01 per cent in Emerging Countries and -6.55 per cent for the MSCI World Index.
“Under these circumstances, we gave a careful look at the long/short equity strategies, assessing if the managers could float in these very troubled waters,” says the LuxHedge Research Team. “The answer is
Institutional Shareholder Services (ISS) and RepRisk have formed a strategic partnership allowing ISS to offer environmental, social and corporate governance (ESG) solutions from RepRisk.
ISS will offer clients – including asset owners, investment managers, hedge funds, broker-dealers, and custodian banks – access to RepRisk’s Asset Management Platform, Data Feed, and Monitoring Report offerings. Using the platform, clients can better manage reputational, compliance, and investment risks related to ESG issues. As a screening tool, the platform can also be used to dynamically monitor portfolio companies’ activities for purposes of investment analysis, engagement, or exclusion. In addition, customisable data feeds can be
Using information from the recently released Preqin Investor Outlook: Alternative Assets H2 2015, Preqin explores institutional investors’ objectives, satisfaction with returns and activity within the real estate asset class in this extract from Preqin Real Estate Spotlight.
Investor objectives for real estate
A diverse range of institutional investors choose to invest in the real estate asset class, each with their own set of objectives. Fig 1 shows that there are a multitude of reasons that surveyed investors place above returns as their main motivation. The diversification benefits of real estate were cited by the largest proportion of respondents,
At the turn of the month, hedge funds rebounded as market conditions improved. The Lyxor Hedge Fund Index was up 0.4 per cent last week, following a 3.3 per cent drawdown in August. Year to date, hedge funds have demonstrated their ability to protect portfolios, returning -0.3 per cent whilst the MSCI World and JPM Global Aggregate Bond Index were down 7 per cent and 2.3 per cent respectively. On a risk-adjusted basis, the outperformance of hedge funds is impressive and marks a critical change of paradigm.
Exchange turnover in investment products and leverage products decreased slightly in the second quarter of 2015 on Europe’s financial markets. Compared with the first three months of the year, volume was down marginally by 2 per cent to EUR 38.6 billion. However, there was a 46 per cent increase year on year.
This is one of the outcomes of an analysis by Derivative Partners Research AG of the latest market data collected by the European Structured Investment Products Association (EUSIPA) from its members.
The members of EUSIPA include: Zertifikate Forum Austria (ZFA), Association Française des Produits Dérivés de Bourse (afpdb), Deutscher Derivate
Bedell Trust has expanded its international presence through the acquisition of a majority stake in Singapore Trust Company Pte Ltd (STC), a fiduciary and corporate services business in Singapore.
STC which was incorporated in 1996, was the first trust company in Singapore to be licensed under the Trust Companies Act in 2006. he company has grown significantly under the guidance of its Chairman, Robert Meggy and Managing Director, Rudy Tan. Following the acquisition, Rudy Tan will remain as Managing Director and be supported by the existing team of highly experienced professionals. Robert Meggy will retire after a long and accomplished
