Managers
LCH.Clearnet Group Limited has signed non-binding heads of agreement with International Derivatives Clearing Group, LLC (IDCG) and The NASDAQ OMX Group, Inc (NASDAQ OMX) regarding the acquisition of IDCG.
The transaction would represent the latest move by LCH.Clearnet Group to further enhance the range and flexibility of its clearing solutions and would facilitate its recently announced US cross-margining initiative.
LCH.Clearnet Limited (LCH.Clearnet) already operates interest rate swap clearing in the US through its market-leading SwapClear service. The acquisition of IDCG would be further testament to LCH.Clearnet’s commitment to the US marketplace and its aim of providing buy-side participants with more
Axiom Fund has waived its management fees for the Axiom UCITS Alternative Investable Index Fund (the Axiom Fund) becoming the first fund of funds in the alternative UCITS space to charge performance fees only.
Axiom Fund is taking this step to better align the interests of investors in the fund and lead the way in developing a new approach to fees for the UCITS industry. The 1% management fee will be replaced with a 10% performance fee, meaning that investors will now only pay fees when the fund delivers positive performance. The performance fee is subject to a high water
GFI Market Data, a division of GFI Group Inc (NYSE: GFIG) and QUICK Corp have signed an agreement whereby GFI will supply QUICK with credit derivatives market data as of 23 April, 2012.
GFI Group, via its GFI Market Data division, has supplied QUICK with FX options market data and has been doing so since October 2005.
Gakuji Takahashi, Executive General Manager of QUICK Corp, says, “QUICK is very pleased to enter into this new agreement which will allow us to supply our customers with GFI credit derivatives market data. GFI Group covers a broad range of credit
Eurex Clearing and Pirum Systems announced have entered into a Connectivity Agreement to facilitate access to Eurex Clearing’s upcoming CCP service for securities lending.
Pirum Systems is an acknowledged market leader in automating post-trade processes for the securities finance industry. The direct connectivity between Eurex Clearing and Pirum’s automation platform allows market participants to make use of their existing Pirum interfaces to feed bilaterally agreed transactions to Eurex Clearing for CCP novation and downstream processing.
“We are very pleased to work with Pirum in our effort to bring the safety and efficiency of Eurex Clearing’s CCP services to the securities
JP Morgan Asset Management has moved swiftly with an announcement this week that it has gone live with Key Investor Information Documents (KIID) for its Lux-domiciled suite of UCITS funds.
San Francisco-based Matthews International Capital Management LLC, America’s largest dedicated Asia investment specialist, has started to offer a number of its Lux-domiciled UCITS on <
London-based Kestrel Investment Partners announced this week the launch of a new global multi-asset UCITS IV fund; the Kestrel Global
Lugano-based SwissWealth Management has launched its first alternative UCITS fund of funds which aims to avoid hedge fund replica strategies reported Citywire Global this week.
Citi has been awarded a mandate from Guggenheim Investment Advisory, a division of Guggenheim Partners, to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform.
"We are pleased to be working with Citi because of their deep understanding of our business and robust technology that offers us customised end-to-end solutions to our unique middle office, administration and custodial needs," says Dina DiLorenzo, Managing Director, Guggenheim Investment Advisory.
As investment managers worldwide launch new funds and accelerate the growth of their business, Citi helps them extend and enhance their operational capabilities
Trient Asset Management AS (Trient), headquartered in Oslo, Norway and Tiger Management LLC (Tiger), headquartered in New York City, have announced a strategic partnership to focus on investing in a global macro strategy.
Trient is a new investment company, whose founding partners include Knut Kjaer and Dag Lotveit. Each previously played a significant role in the formation and operation of Norges Bank Investment Management (NBIM), which was established in 1997 to manage the Norwegian Government Pension Fund and Norway’s foreign reserves. Kjaer served as NBIM’s founding Chief Executive Officer (1997-2008). With assets of approximately USD600 billion, NBIM manages one of
