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Hong Kong Exchanges and Clearing (HKEX) has made a proposal to the Board of London Stock Exchange Group (LSEG) to combine the two companies. The Board of HKEX says a combination with LSEG represents ‘a highly compelling strategic opportunity to create a global market infrastructure leader’.
HKEX believes that the Proposed Transaction would offer the prospect of significant synergies. In particular, the migration of HKEX’s trading and clearing platforms to LSEG’s technology, the revenue uplift in key businesses from cross-selling and innovation opportunities and a reduction in HKEX’s capital expenditures in connection with existing systems and future investment plans all present
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.27 per cent in August, underperforming the 0.38 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.
“August proved to be a volatile month for risk assets, with escalating trade war rhetoric and lingering concerns over global growth, overshadowing the Federal Reserve’s decision
Reference data specialists SmartStream Reference Data Utility (RDU) has launched a cloud-based security reference data service to simplify and enable firms to meet the European Union’s Securities Financing Transactions Regulation (SFTR) requirements.
SFTR reporting obligations, which are due to begin next year, require banks and investment firms to start reporting Securities Financing Transactions (SFT) to a registered Trade Repository beginning 14 April, 2020. Each transaction report must include the details of the transaction, the counterparties and the specifics of the security involved and many firms are now focused on preparing for that date.
In order to provide an accurate,
Aggregate monthly performance for the hedge fund industry slipped into the red in August at -0.31 per cent, the second negative month the industry has seen this year (May was the first), according to the just-released eVestment August 2019 hedge fund performance data.
Year to date (YTD) 2019 industry performance sits at +6.97 per cent.
In spite of a mix of positive and negative monthly returns among hedge fund types in August, almost all segments of the industry are in the green for performance YTD, highlighting the continued comeback of the industry from 2018, when the industry and almost
By Beatrice Bedeschi – Ireland is set to attract a fresh wave of investments in green energy in the coming years, on the back of recent regulatory changes and as the country looks to achieve ambitious 2030 renewable targets.
Ireland is aiming to reach 70 per cent renewable capacity in the generation mix by 2030.
In order to achieve that objective, the country is expected to add 5.8 GW of non-hydro renewable capacity over the next decade, reaching a total 9.6 GW by 2030, data analytics and consulting company GlobalData said in its ‘Ireland power market outlook to 2030’ report.
Proprietary trading firm Jump Liquidity, which provide bespoke liquidity to counterparties, has joined BidFX, an EMS for FX market.
BidFX CRO, John McGrath, says: “With the rapid expansion of BidFX we are happy to see Jump Liquidity join our EMS in response to high client demand. Their tailored liquidity will enrich the liquidity provision of our platform and provide a bespoke solution for many clients “.
Jump Liquidity’s Head of Distribution, Europe Harry Kent, says: “Jump is one of the largest market makers in FX central limit order books and ECNs and we’re excited to continue that trend in our direct business
TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industries, has appointed Manoj Gupta as Chief Operating Officer.
The announcement was made by Rob Bredahl, President.
“Manoj brings valuable expertise across a wide range of disciplines – underwriting, investment management, InsureTech, ILS, capital advisory – that will drive the future of the reinsurance industry,” says Rob Bredahl, President of TigerRisk Partners. “A proven leader and innovator, Manoj will be a great asset to our clients.”
Prior to joining TigerRisk, Gupta was President of Third Point Reinsurance Ltd’s US subsidiary. He held various senior-level positions
Jonathan Sorrell is to step down as President and as an Executive Director of UK hedge fund manager Man Group to take on a new role outside of the firm.
Sorreel (pictured) is quitting his role as an Executive Director on the Company’s Board with immediate effect but will remain with Man Group for the time required to facilitate an orderly transition of his responsibilities, according to a statement released by the company.
Luke Ellis, Chief Executive Officer of Man, says: “Jon has contributed hugely to the firm over the past eight years, first as CFO and then as
Over 80 per cent of hedge funds are using alternative data in some capacity, according to a new survey fro law firm Lowenstein Sandler’s Investment Management Group.
The report – Alternative Data = Better Investment Strategies, But Not Without Concerns – was authored by Peter D Greene (pictured), partner and Vice Chair of Lowenstein’s Investment Management Group, with contributions from Benjamin Kozinn, a partner in that group.
“It is not surprising to me that an overwhelming majority of funds are using alternative data,” says Greene. “What is interesting is how funds of various sizes are using it and how
Kudu Investment Management (Kudu), a New York-based independent provider of permanent capital solutions to asset and wealth managers worldwide, has made a strategic minority investment in EJF Capital, a global alternative asset management firm focused on regulatory event driven themes across the financial and real estate sectors.
Terms of the transaction have not been disclosed.
The investment by Kudu, a firm with a ‘passive, patient capital model’, will not impact the day-to-day operations of EJF, and the firm’s investment and decision-making processes will remain the same. EJF intends to use the proceeds as strategic growth capital to invest in its existing
