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Powernext, part of EEX Group which belongs to Deutsche Börse, held the first auction of Guarantees of Origin (GO) for the French State on 18 September, 2019.
In August 2018, the French Ministry for an Ecological and Solidary Transition appointed Powernext as the operator of this auction system, and in addition extended Powernext’s mandate to operate the national registry for GOs in France. The volume of GOs put up for sale by the DGEC will vary depending on the production generated by the plants benefiting from a support mechanism. The DGEC indicated that, for auctions held between September and December,
Estera, a global provider of corporate administration, funds and trust services, has appointed Sonal Patel as Managing Director, Head of Sales – Americas, Bermuda and Caribbean.
Patel joins Estera as strategic enhancements continue to be implemented across the group. This includes investments in leadership, facilities and enhanced service capabilities. Patel will focus on implementing Estera’s regional growth strategy and developing relationships with US clients and intermediaries for Estera Bermuda, BVI and Cayman Islands.
Previous to joining Estera, Patel worked for BNY Mellon in business development, sales and relationship management. She worked as the Managing Director – Business Development, US
Many hedge fund managers are willing to negotiate lower management fees with investors, but far fewer are willing to budge on performance fees, according to a new report from eVestment.
The State of Institutional Fees Report: Hedge Funds, released today.
Of the hedge fund managers covered in The State of Institutional Fees Report: Hedge Funds, 38.8 per cent negotiated their management fees while only 11.3 per cent were willing to negotiate their performance fees. The size of the investment made in a hedge fund also impacted the amount and type of fee discounts hedge fund managers were willing to
Cartica Management, a majority women-owned active investor focused on improvements in corporate governance, environmental, and social factors in the emerging markets, has appointed Kate Ahern as Managing Director of ESG and Sustainability.
Ahern will lead Cartica’s ESG practice, overseeing the firm’s processes to identify potential value-adding engagement issues in its portfolio companies through the integration of ESG analysis into each step of the investment process. She will report to Emily Alejos, Cartica’s Chief Investment Officer.
Ahern has more than 15 years of experience, with a proven track record of success in the areas of ESG management, social impact diligence,
SILEX Investment Managers, a Paris-based asset management company, has chosen Broadridge’s integrated order management, portfolio management and risk management technology platform to help the company manage its front-, middle- and back-office investment operations.
SILEX will deploy Broadridge’s investment operations platform to manage its portfolios, enabling it to streamline and automate workflow around an array of traded instruments. Introducing these capabilities will help SILEX meet its pre- and post-trade compliance requirements while providing seamless connectivity to brokers and execution platforms. It will facilitate effective portfolio management as well as reporting for clients. In addition, SILEX will be able to conduct full
R5 Capital has launched as the 17th independent research provider (IRP) on Analyst Hub, a platform serving more than 200 institutional investors.
R5 Capital is a boutique consumer-centric equity research and consulting firm focused on utilising proprietary data and significant “boots on the ground” analysis to identify unique investment opportunities and provide strategic advice for companies.
Chief Executive Officer and founder Scott Mushkin, who is brings more than 25 years of buy-side and sell-side experience to the firm with a particular focus on food retailing.
Mushkin has held senior positions at Lehman Brothers, Jefferies and Bank of America
The Exchange Council of the European Energy Exchange (EEX) has welcomed plans to merge current Powernext activities into EEX from the 1 January 2020.
The council believes that the harmonisation of Powernext and EEX, will enable the exchange to offer all products at one single market place while simplifying the admission of new participants and members will be able to easily trade a larger EEX portfolio including natural gas, power and emission allowances. As a result, customers will gain access to increased trading opportunities and a growing liquidity pool, while continuing to benefit from cross margining effects as ECC will
Equity hedge fund manager Valley Forge Capital Management (VFCM) has surpassed USD500 million in assets under management (AUM).
Founded by Dev Kantesaria, VFCM runs a long-biased equity strategy that employs a bottom-up fundamental approach to find high-quality businesses that trade at large discounts to their intrinsic values. VFCM holds a concentrated portfolio of high conviction ideas that meet rigorous criteria for business quality, financial metrics and operational standards.
“We are extremely proud of this milestone and the value we have delivered to our investors since VFCM’s inception. In the face of recent market volatility, our team remains committed to
Industry veteran Vince Cutala has joined BTIG’s Outsource Trading unit in San Francisco as a Director. Cutaia will focus on expanding business and strengthening the firm’s relationships with clients across the West Coast.
Cutaia will focus on finding execution solutions for newly-launched and more established hedge fund managers, family offices and mutual funds who see the value in outsourcing their trading function to a proven and trusted third-party provider.
“We are pleased to welcome Vince to BTIG,” says Chris Casanovas, Managing Director and Head of BTIG Outsource Trading. “Specialising in outsource trading for the last 15 years of his
Hedge fund redemptions slowed from the prior month’s pace in July, though outflows continued for a second straight month as the hedge fund industry experienced USD8.1 billion in net redemptions.
July’s redemptions, which represented 0.3 per cent of industry assets, were an improvement on June’s USD12.2 billion in outflows according to the Barclay Fund Flow Indicator published by BarclayHedge.
Monthly trading gains of USD17.5 billion brought total hedge fund industry assets to more than USD3.12 trillion as July ended, down from USD3.15 trillion in June.
While US hedge funds rode June’s equity market rally to net inflows in
