Latest News
The Supervisory Board of European Commodity Clearing AG (ECC) has appointed Jens Rick as Chief Information Officer (CIO) effective 1 November with responsibility for the operation and development of ECC’s clearing systems and IT operations.
Rick also joins the Management Board of the clearing house.
The role of CIO is a new position at ECC before and reflects the growing importance of the IT landscape and its operation and development within EEX Group. Rick has been Chief Information Officer of European Energy Exchange AG (EEX) since 1 February 2019.
Prior to his appointment to the EEX Management Board, Rick
New Change FX (NCFX), an independent data and analytics business, has joined IOWA.rocks, a new financial data marketplace.
NCFX enables market participants who require objective trade cost measurement capabilities to quickly and easily calculate all related expenses against a recognised and registered independent data feed. They are the only ESMA approved and FCA authorised administrator of live spot FX benchmarks for the FX market. Operating under the EU Benchmark Regulation 2016/1011, NCFX delivers quality and credibility at an affordable price.
NCFX data is created by aggregating aggregated live market bids and offers in real time. Only data at ‘institutional’
Patrice Rassou (pictured) has been appointed chief investment officer (CIO) of Ashburton Investments, the asset management business of FirstRand Limited.
This new role, which comes into effect from April 2020, has been created to coordinate the various investment management activities of the FirstRand group. The appointment follows a review of Ashburton Investments’ strategic positioning to ensure it is fully enabled to scale.
Sizwe Nxedlana, the recently appointed CEO of Ashburton Investments, says: “Patrice brings the necessary skills required to strengthen existing investment management processes and ultimately deliver the right client outcomes by leveraging the group’s capabilities.”
Rassou joins
By Beatrice Bedeschi – A month after the drone attacks on the Abqaiq and Khurais oil facilities, Saudi Arabia has surprised observers by being able to bring oil production capacity to nearly pre-attack levels, which has quickly stabilised oil prices after the spikes seen in the immediate aftermath of the incidents.
Nonetheless, in the long-term the country remains heavily exposed to potential further similar incidents, raising the issue of security of supply at key production assets, commentators told Hedgeweek.
On 14 September, a number of explosions were recorded at Saudi Arabia’s Khurais oil field and Abqaiq oil processing plants, owned
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has launched a new actively managed emerging markets short duration bond fund, The BlueBay Emerging Market Aggregate Short Duration Bond Fund.
The UCITS fund, domiciled in Luxembourg, combines emerging market sovereign and corporate debt into one portfolio and consists of hard currency assets trading at a spread over US Treasuries. Managed as a single, high-conviction strategy, the fund seeks access to the broadest spectrum of short-dated emerging market credit across 58 countries and 13 industry sectors.
The portfolios managers are Jana Velebova, Polina Kurdyavko and Anthony Kettle who utilise expertise from
MUFG Investor Services, a global asset servicing arm of Mitsubishi UFJ Financial Group (MUFG), is to acquire select divisions of the fund administration business of Maitland, a privately owned global advisory, administration and family office firm.
Maitland personnel will join MUFG Investor Services offices in the Cayman Islands, Halifax, and Dublin.
When completed, the acquisition will add approximately USD20 billion in assets under administration (AUA) to MUFG Investor Services, bringing the total AUA to over USD600 billion and expanding the firm’s market share in major markets. The assets consist of hedge funds and private equity funds.
Additionally, new
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.14 per cent in September, underperforming the 0.45 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.
The Wilshire Liquid Alternative Equity Hedge Index returned 0.86 per cent and 0.57 per cent in September and the third quarter, respectively. The Index underperformed the
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2019 measured -0.24 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.16 per cent in October.
“SS&C GlobeOp’s Capital Movement Index was -1.16 per cent for October 2019, indicating net outflows consistent with normal seasonal patterns. On a comparative basis, the -1.16 per cent reflects lower net outflows than the -1.37 per cent reported for the same period last year and, in fact, is the lowest net outflow for the month of October over the past five years,” says
In the three months to 30 September 2019, FUM at Man Group decreased 1 per cent to USD112.7 billion driven by net outflows of USD1.1 billion (comprising sales of USD6.6 billion and redemptions of USD7.7 billion) and negative FX and other movements of USD1.3 billion, partially offset by positive investment movement of USD0.7 billion.
Absolute return FUM increased by USD0.4 billion in the quarter. Flows were broadly flat, with inflows into AHL Institutional Solutions and AHL Alpha offset by outflows from Man GLG’s equity and credit strategies. Positive investment movement of USD0.6 billion was driven by positive performance at Man
Blackpeak Group (Blackpeak) has opened a new office in London as part of its strategy to expand its business and services in Europe, the Middle East and Africa (EMEA).
Blackpeak has been conducting work across EMEA for many years. Now, having recently joined Acuris, Blackpeak has access to an additional 100 investigative researchers in Europe, the vast database resources of Acuris, and is part of a family of best-in-class risk management products. Via its new London office and across EMEA, Blackpeak will provide comprehensive global due diligence and investigative research coverage for clients as well as expand its service offerings
Special Reports
FeatureD
- Insight
