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IHS Markit has launched the IHS Markit Global Carbon Index, the first benchmark for the global price of carbon credits.
According to the IHS Markit Global Carbon Index, the global weighted average price of carbon credits is USD23.65. Since the beginning of 2018, the total return potentially gained by investors in global carbon is 132 per cent, index data shows.
The design, construction and administration of the IHS Markit Global Carbon Index is a result of extensive collaboration among the firm’s Indices, Environmental and Energy businesses, including OPIS, the company’s energy price reporting arm which offers data and pricing
Investors redeemed an estimated USD6.51 billion from the global hedge funds business in August 2019, bringing year-to-date (YTD) flows to a negative USD63.61 billion, according to the August 2019 eVestment Hedge Fund Asset Flows Report.
Performance also reduced assets as total industry AUM declined to USD3.259 trillion last month.
The majority of primary strategies eVestment tracks actually saw asset inflows, but large outflows among Macro hedge funds (-USD6.18 billion) and Long/Short Equity funds (-USD5.33 billion) in August dwarfed those other inflows. YTD Long/Short Equity funds are the biggest asset losers among primary strategies eVestment tracks, seeing outflows of -USD31.14
Broadridge Financial Solutions, is working with FundsLibrary, a provider of digital fund data and regulatory solutions, to develop a new offering for European wealth and asset managers to address the challenges posed by MiFID II Ex-Post Costs and Charges and Solvency II.
New rules around MiFID II’s ex-post disclosure have introduced greater transparency for investors and have also generated unprecedented scrutiny on the costs and charges that wealth and asset managers impose on their clients. In the initial phase of MiFID2 Article 50, more than 1,300 firms informed the Financial Conduct Authority of inaccuracies in their reporting.
Solvency II
Crystal Capital Partners has rolled out a new proprietary e-commerce portfolio construction platform that aims to make building institutional private equity and hedge fund portfolios as simple as adding items to an online shopping cart.
Advisors can select from a diverse list of vetted institutional private equity and hedge fund exposures across various strategies, add them to their cart and, within seconds, generate an institutional-quality portfolio proposal for client presentations.
“With 25 years at the forefront of alternative investing, it is our ongoing commitment to remove the complexities and barriers to entry associated with the asset class and to smoothly pave
Transaction Network Services (TNS) has added to its market data portfolio by becoming a Vendor of Record for Euronext Derivatives Market Data.
TNS’ new fully managed Euronext Derivatives Market Data service allows financial market participants to lower the cost of accessing Euronext’s extensive range of derivatives and fixed income assets. It can also be extended to provide equities market data if required.
“TNS’ low-latency, high-capacity connectivity provides optimal market data delivery,” says Stefano Durdic, Managing Director of TNS’ Financial Services business. “We simplify the process of obtaining Euronext Derivatives Market Data and can, at the same time, help customers
OTCX, a leading multi-dealer bilateral RFQ platform for off-venue interest rate derivatives, has integrated with thinkFolio, IHS Markit’s investment management platform.
thinkFolio offers its clients advanced modelling and trading management tools for all asset classes, including fixed income and derivatives instruments. However, many of these derivatives are still traded via voice, chat or email. OTCX, by linking clients directly to their dealers, aims to bring trading workflow efficiencies and reduce operational risk due to manual input. thinkFolio clients are now able to ask for prices and negotiate interest rate swaps across G10 and EM currencies on outrights, curves, flys or bespoke
SIX has launched a new technology interface designed to eliminate the challenges associated with collateral management. Called Collateral Cockpit, the interface aims to join up fragmented front and back office information systems to give repo professionals the ability to view and manage collateral in real-time, on one platform.
Initially, the technology will serve the Swiss repo market through an initiative driven by the Swiss National Bank.
Currently, collateral is managed across the front and back offices through systems developed by a range of technology services providers. The complexity, and lack of visibility, brought on by this diversity of systems
Hedge fund managers ended August 2019 down 0.35 per cent on an equal-weighted basis, and 0.54 per cent on an asset-weighted basis, according to data released by Eurekhedge.
The risk-off sentiment persisted throughout the month, as the US labelled China a currency manipulator, intensifying the tension between the two economies.
CTA/managed futures hedge funds were up 1.89 per cent in August with managers citing long exposure to metals and fixed income, as well as short exposure to the energy sector as performance drivers. The mandate’s AUM has grown by USD18.6 billion year-to-date, in contrast to the USD45.5 billion decline recorded
Robeco has launched the Robeco QI Emerging Markets Sustainable Enhanced Index Equities with a strategy that aims for a 20 per cent higher score on Environmental, Social and Governance (ESG) criteria than the benchmark (MSCI Emerging Markets Index).
It also aims to reduce the environmental footprint for greenhouse gas emissions, water use, waste generation and energy consumption by 20 per cent compared to the benchmark, while maintaining the ability to provide alpha in emerging markets. The strategy uses an extensive values-based exclusion list and includes voting and engagement, which will be carried out by Robeco’s Active Ownership team.
The
Apex Group (Apex) has received Full Depositary authorisation from the Central Bank of Ireland for its subsidiary the European Depositary Bank (EDB) to operate in Ireland.
Through EDB, Apex offers independent banking, depositary and custody services to institutional investors and asset managers for UCITS and alternative investment structures. Apex is subsequently now one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds, offering a service suite that covers the full spectrum of asset classes including private equity, real estate funds, hedge funds, infrastructure funds and renewable energy funds. The firm’s partnership approach allows for
