Managers
A Fitch Ratings analysis of three of the largest US alternative investment managers shows that each firm should be able to sufficiently cover outstanding debt obligations, including 30-year bonds, under a 10-year runoff scenario.
This would be achieved through fee-related cash flows and discounted asset realisations.
The runoff analysis complements Fitch's standard, going-concern evaluation of alternative investment managers, which takes into account franchise strength, management quality, performance strength and ability to continue to raise additional assets under management.
In Fitch's opinion, The Blackstone Group, LP (Blackstone, A+/Stable) has the most flexibility when it comes to debt repayment under the runoff
The SS&C GlobeOp Forward Redemption Indicator for May 2015 measured 4.68 per cent, up from 3.36 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 4.68 per cent for May 2015 is up from 3.36 per cent in April, reflecting mainly seasonality, as the increase year over year is only 36 basis points from 4.32 per cent for May 2014,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform,
Elliptic, a full-service bitcoin custodian for the capital markets, has partnered with developer API provider Gem to enhance Gem’s multi-signature bitcoin wallets.
The most important part of holding bitcoin is safeguarding the private keys (or passwords) to the account. A typical multi-signature wallet has three unique private keys, two of which must be submitted before a transaction is authorised. In most situations the client is responsible for two of the keys and the wallet provider holds the third.
In the new partnership, Elliptic will act as a trusted and independent third party to provide insured storage of the third
OYSTER Absolute Return EUR EUR2, a sub-fund of the OYSTER SICAV registered in the Netherlands, has been ranked best fund in the Netherlands over three years by Lipper in the “Absolute Return EUR Low” category.
The OYSTER SICAV is a Luxembourg domiciled UCITS managed by SYZ Asset Management (Luxembourg) SA. The European Corporate Bonds and Dynamic Allocation funds managed by SYZ Asset Management have also received several awards in Europe in the past years.
In today’s record-low interest rates environment, OYSTER Absolute Return EUR provides investors with a compelling alternative to their bond allocation and offers a low-risk building
Cordium has been ranked at number 42 in the inaugural Sunday Times BT Business SME Export Track 100.
The ranking is of Britain's private small and medium-sized companies (SMEs) with the fastest growing international sales over the past two years. Cordium is one of the 28 companies ranked that are headquartered in London. Cordium’s international sales have grown by 63 per cent a year over the last two years and we now employ a total of 200 people.
Danny Longbottom, Managing Director UK SME at BT Business, says: “I would like to congratulate the businesses recognised in the inaugural Export
The Depository Trust & Clearing Corporation (DTCC) has launched a new capability within its Wealth Management Services (WMS) business to streamline the processing of internal account transfers for alternative investments.
With DTCC’s Alternative Investment Products (AIP) service, market participants can now fully automate account transfers for non-traded real estate investment trusts (REITs) and business development corporations (BDCs). This allows broker/dealers to systematically manage the complex activities required to re-register accounts and internally transfer investors’ shares between closing and opening accounts, as needed.
Currently, account transfer transactions are largely manual operational processes – incurring paper trails, multiple registrations and numerous inter-departmental
CME Group has launched eight new European Power futures contracts on CME Europe covering the German, French, Spanish and Italian markets. They are all base load and peak load contracts and cash settled against the leading power auctions for each market.
This is a significant expansion of the CME Europe utility slate of contracts and further enhances the choice of contracts available to participants across the whole energy market spectrum.
The contracts will be listed on CME Group's European exchange, CME Europe, for first trade date on Monday 15 June 2015 and are authorised and approved by the United Kingdom
Robin Fuller of the Guernsey Investment Fund Association looks at new opportunities for the Guernsey funds sector and highlights fintech as one likely to be significant.
Winston Churchill’s quote of ‘Never let a good crisis go to waste’ has been very appropriate as we struggle to restore stability and prosperity to our banking and financial services industries.
Politicians and economists have bemoaned the lack of credit following the banking crisis, the impact this is having on households and industry, and how it is acting as a serious brake on economic activity. However, as the supply of bank credit ebbs, human
Managed futures traders lost 1.27 per cent in April according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 2.22 per cent year to date.
“Sharp trend reversals in commodity and bond markets, coupled with a rapid unanticipated decline in the value of the US Dollar, led the Barclay CTA Index to its worst month since May 2013, when it dropped 1.58 percent,” says Sol Waksman, founder and president of BarclayHedge.
All eight of Barclay’s CTA indices had losses in April. The Diversified Traders Index was down 2.07 per cent, Systematic Traders lost 1.58 per cent, Discretionary
DBV-X, a new EU regulated marketplace for collateral and secured deposits, is to go live in Europe later this year. Focused solely on funding and collateral needs, DBV-X will offer market participants access to a diverse range of counterparties and liquid assets.
All participants sign a single standard legal agreement to join the platform and have full control over the products and counterparties used, thereby enabling a peer-to-peer market to flourish.
The platform will offer full pre-trade counterparty anonymity, price transparency and a choice of execution models. Market participants are able to trade automatically within their risk limits to
