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GPIF, the Japanese Government pension fund and the largest pool of retirement savings in the world, has suspended stock lending in a move that will have implications for short-sellers including hedge funds.
GPIF says that the practice of stock lending is inconsistent with the stewardship responsibilities of a long-term investor and that the current scheme lacks transparency in terms of who is the ultimate borrower and for what purpose they are borrowing the stock.
GPIF, which manages JPY160 trillion (USD1.47 trillion) of assets, says it will continue to lend debt securities and that it may reconsider the suspension stock lending
Liontrust has recruited Gonzalo Thomé to expand the company’s distribution in Spain, Portugal and Andorra.
Thomé joins Liontrust in response to growing demand for the company’s Dublin UCITs range from Iberia and to provide greater local support to fund buyers. The range includes equity, fixed income and sustainable funds.
Prior to joining Liontrust on 2 December, Gonzalo was deputy sales director and senior fund analyst at Banco Inversis in Madrid. Before that he was a fund of funds manager at Banco Sabadell.
James Beddall, Head of International Sales at Liontrust, says:“Gonzalo is a key addition to our distribution team. As
Crestbridge has been granted a funds administration licence in Luxembourg in a move that significantly bolsters the company’s capabilities in the jurisdiction and its multi-jurisdictional proposition for alternative fund managers.
Granted by Luxembourg’s financial services regulator, the Commission de Surveillance du Secteur Financier (CSSF), the new licence enables Crestbridge to provide a broad range of fund administration services from Luxembourg, complementing the well-established Management Company (ManCo) solution already provided from the jurisdiction.
Crestbridge established its ManCo in Luxembourg in 2011 and was one of the first businesses to establish an AIFM in early 2014, providing a third-party management company solution for
Companies ranked in the bottom 50 per cent of ESG performance are significantly more likely to attract activists’ attention, according to the findings of Alvarez & Marsal’s (A&M) latest analysis and predictor of shareholder activism in Europe, the A&M Activist Alert (AAA).
The study also predicts that the wave of activism across Continental Europe will continue to increase in 2020 as activists adapt their tactics to different markets and sectors, with tech companies a key growing target sector for activist shareholders. The UK however remains the largest market for activists and is home to 54 of the 158 European companies
SEI has launched the SEI Developer Portal (the Portal), a global, self-service offering featuring SEI’s suite of application programming interfaces (APIs) for web, mobile, single-page, and client/server development.
The Portal supports the company’s strategic initiative to streamline platform integration across clients, strategic partners, and third-party technology and data providers.
“We recognise that firms want to leverage their strong, in-house development expertise to build applications, yet those applications still require third-party integration. The SEI Developer Portal provides fast, flexible and secure integration with SEI’s core business services and client data, mutually reducing development timelines and expenses,” says Jim Warren (pictured), Senior
New research produced by GreySpark Partners, a global capital markets consultancy, examines the role that a new breed of Big Data known as Smart Data can play in maximising the value of the client-facing and operational data assets continually maintained by buyside and sellside firms in the daily running of cash equities, fixed income and currencies (FIC) trading businesses.
At issue for asset managers and investment banks alike in 2019 is the extent to which the electronification of trading across all major asset classes precipitates ever-larger levels of portfolio manager or trader demand for granular, real-time intelligence required to support
Broadridge Financial Solutions has launched Broadridge Data Control Intelligent Automation, a new artificial intelligence (AI) and machine learning (ML) platform built to be deployed across industry-wide reconciliation, matching and exception management applications.
Broadridge has teamed with Singapore-headquartered Tookitaki Holding Pte Limited, to utilise its award-winning AI and ML technology to deliver a next-generation platform addressing industry-wide reconciliation, matching and exception processing inefficiencies. Customers will be able to license modules on the platform for multiple Intelligent Automation applications with the initial two modules being Break Management and Recon Perform. Both modules provide a true enterprise wide capability, working across not only
24 Exchange, a new offshore, multi-asset class, over-the-counter (OTC) platform, is now live and open for trading.
The first product available for trading is Foreign Exchange (FX) Non-Deliverable Forwards (NDFs). 24 Exchange enables institutional market participants to anonymously exchange FX NDFs at the lowest possible transaction cost, creating a much-needed additional liquidity pool for the market.
24 Exchange says it reduces the costs of exchanging financial assets for its participants and eliminates market data fees. The company delivers 24-hour access to liquidity for customers. In addition to offering full-day market access to a range of asset classes, 24 Exchange uses
Alternative Risk Premia (ARP) funds – a newer breed of ‘hedge fund alternatives’ – passed their first test during the market correction in the fourth quarter of 2018 by outperforming other comparable major asset classes.
That’s according to research from Cambridge Associates which reveals that during Q4 2018, equities returned -13.7 per cent and equity hedge funds returned -9.3 per cent, compared with -4 per cent for ARP funds. While these returns show promise, Cambridge Associates says longer-run data is still needed before making a judgement on ARP funds as an asset class.
Alternative Risk Premia funds may be
Luxembourg-based VNX Exchange is joining forces with Sumsub, a scalable solution for KYC/AML regulatory compliance, to stay in line with growing jurisdictional demands and ensure compliance of its platform.
As the fifth EU Anti-Money Laundering Directive (AMLD5) gains its full power in January 2020, new regulatory demands of due diligence and AML will come into place, influencing the compliance and reputations of all the major fintech players in the market.
VNX Exchange is a Luxembourg-based digital assets issuance platform with a forward-looking approach and thorough risk management and compliance framework. In order to satisfy current and forthcoming regulatory requirements and
