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JP Morgan Asset Management has appointed Meg McClellan as Head of Private Credit in the firm’s Global Alternatives group, effective 1 January, 2020, to lead the firm’s major expansion in Private Credit.
In the newly-created role, McClellan will oversee the firm’s Global Special Situations, Infrastructure Debt and Commercial Mortgage Loan businesses and lead the firm’s development of new private credit solutions. She will be responsible for private credit platform growth, both organic and inorganic. McClellan currently serves as JP Morgan Asset Management’s Chief Financial Officer.
With USD146 billion in alternative assets under management, JP Morgan Asset Management has built one
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2019 measured 1.38 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.24 per cent in December.
“SS&C GlobeOp’s Capital Movement Index for December 2019 was 0.24 per cent, reflecting net inflows into hedge funds. These net inflows were lower than the 0.62 per cent net inflows reported a year ago but were well within the normal variation range,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The full year 2019 net flows were closely in line with the full year
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.57 per cent in November, underperforming the 1.03 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Similar to last month, equities continued to rally throughout November as market participants appeared optimistic regarding a future trade deal, manufacturing improvement, and central bank support,”
DGLD, a gold token with more than USD20 million in investment grade gold allocated in Swiss vaults and secured using Bitcoin, is now available for purchase exclusively on The PIT, Blockchain.com’s cryptocurrency exchange.
DGLD is a digital asset (token) created by CoinShares, Europe’s Largest Digital Asset Manager, Blockchain.com, the most trusted platform for cryptocurrency products, and MKS (Switzerland) SA, part of the world’s most trusted gold group. At creation, each DGLD token represents 1/10th of a troy ounce of physical gold stored in Swiss vaults for which token holders can swap or physically redeem.
The launch comes at a
FundRock Group has appointed Simon Gunson as Managing Director of its UK entity, FundRock Partners Ltd.
Gunson has worked in the financial services industry for over 25 years and has extensive knowledge of the European Funds market and the Funds Services business in particular. He has worked with clients internationally on business acquisitions, new fund structures and established outsourced service models. Prior to joining FundRock, he held senior positions at Citi and JPMorgan within their Funds Services business and also at Threadneedle Asset Management within the Operations and Product Development functions.
Xavier Parain, Group CEO of FundRock, says: “We are delighted
RJ O’Brien & Associates (RJO), an independent futures brokerage and clearing firm in the United States, has successfully implemented Itiviti’s Managed FIX Service.
As an existing client of Itiviti in London, RJ O’Brien looked to consolidate separate regional hubs and required an efficient, functional and scalable “welcome” layer for its growing global business and a standardised solution enabling fast and unified onboarding of clients that would provide connectivity to a wide variety of downstream systems.
Itiviti’s Managed FIX service – based on the industry standard FIX protocol – provides RJO with a centralised hub for global client connectivity, allowing
Following Maples Group’s biennial management elections, Jonathan Green has been appointed as the company’s new Global Managing Partner, with effect from 1 December 2019.
Green, who will assume the role for two years, succeeds Alasdair Robertson, who has served as Global Managing Partner since 2015. Robertson will return to full-time practice as a Finance partner, with a focus on supporting the transition to the new leadership, both at Group and practice level.
A well-regarded and “very knowledgeable” lawyer according to the Chambers and Partners Global Guide, Green joined the firm in 2003, during which time he has held various leadership
The Swiss Blockchain Federation has published guidelines for issuers of digital equity and related tokens aimed particularly at helping smaller and mid-sized companies to fully leverage the issuance and trading of equity on the blockchain.
The issuance of equity and other financial instruments in the form of digital tokens is seen as one of the most promising use cases for the blockchain technology. Even smaller issuers are now able to digitise their equity, participation certificates or bonds in full compliance with regulatory requirements. They become digitally transferrable within seconds, which in the medium run could enable the development of a
As part of a wide ranging 2020 industry trend outlook, a survey of US asset managers and asset owners conducted by State Street Corporation predicts continued prevalence of digital assets as well as a bigger role in the industry for semi-transparent active ETFs.
Given the more supportive regulatory stance the Securities and Exchange Commission (SEC) has recently taken toward semi-transparent active ETFs, many respondents now see a much bigger role for these vehicles in the market. Nearly half (47 per cent) say semi-transparent ETFs will play a significant role in their firm’s future portfolio strategy. Similarly, 46 per cent of
Geopolitical risks & trade tensions rank as the greatest threat to global financial stability in 2020, according to a new survey published by The Depository Trust & Clearing Corporation (DTCC).
This is the first time in the survey’s seven-year history that cyber risk has been surpassed as the top risk.
Some 23 per cent of respondents cited geopolitical risks & trade tensions as the top risk overall, with over half of them (59 per cent) citing it as a top 5 risk for next year. Respondents cited concerns about potential impacts on macroeconomic conditions and growth as well as
