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Alternative credit asset manager DFG Investment Advisers (DFG has promoted Timothy Milton to Partner. Since joining the firm in 2014, Milton has been responsible for the management of the Vibrant Capital CLO platform in his capacity as Co-Portfolio Manager.
In addition, Eduardo Cabral has joined DFG’s credit research team as a Managing Director. Cabral’s appointment follows DFG’s hiring of 18-year industry veteran John Hwang in May and further underscores the firm’s commitment to investing in its credit research effort to support the growth and performance of the Vibrant CLO platform. Roberta Goss, Co-Portfolio Manager of the Vibrant CLO platform, has
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, tis partnering with Finanz Informatik Solutions Plus, to help German clients with implementation projects and application management of SmartStream’s Corona solutions, as well as their next generation TLM Aurora offerings.
Under the new agreement, Finanz Informatik Solutions Plus together with SmartStream, will help with the digitalisation of the back-office for a number of large-scale customers in the region. Finanz Informatik Solutions Plus will be involved in the implementation of the reconciliation processes and support release upgrades, as well as the integration of new modules.
This partnership will support reconciliation
Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of data and listings services, is to acquire a family of fixed income volatility indices, including the prominent Merrill Lynch Option Volatility Estimate (MOV”) family of indices, from Bank of America Merrill Lynch.
“The MOVE Index has a long history of providing strong signals about bond market sentiment, and we’re excited to have it become part of our portfolio of fixed income indices,” says Lynn Martin, President & COO of ICE Data Services. “MOVE’s unique ability to concisely measure that sentiment will allow us to play a critical
Estera, a global provider of funds, corporate and trust services, has appointed Damian Resnik as Client and Operations Director in the firm’s Bermuda office.
Resnik will serve as a Director for a portfolio of clients and assume responsibility for the management of service delivery, operational activities and organisational strategies.
Estera is one of the largest providers of corporate fiduciary services in Bermuda, offering a comprehensive range of company and trust services to corporate and private clients. Estera Securities (Bermuda) Limited, is a key player in Bermuda’s thriving Insurance Linked Securities market as well as a registered Listing Sponsor for the Bermuda Stock
PEGAS, the pan-European gas trading platform of EEX Group operated by Powernext, registered 153.1 TWh on its Futures segment in July 2019.
Those strong results were driven by the great performance of the Dutch TTF, which has reported its second best month since the creation of the platform with 126.3 TWh (record month: 131.0 TWh in February 2016).
The Austrian CEGH VTP also contributed to this dynamic and reported a record-breaking month with 9.1 TWh of futures products traded (previous record: 8.8 TWh in August 2018).
With 110.1 TWh exchanged in July, the spot segment registered a 30 per cent
BCS Global Markets (BCS GM), has appointed Andrew Richards as Prime Services Sales Director. Based in London, Richards will be supporting the firm’s expansion by strengthening and expanding the global investor base in the US, Europe, Emerging and frontier markets and will report to Tim Bevan, CEO of BCS UK.
Richards (pictured) will also be responsible for selling the firm’s flagship International Prime Services offering, primarily Synthetic/Physical Prime & Execution, to the small- and mid-tier Hedge Fund community across various strategies, including Equity, Derivatives and Fixed Income.
Andrew has over 15 years of experience delivering exceptional business development and relationship
GAM’s alternative risk premia strategy has surpassed USD2 billion in assets under management (AuM) with inflows from multiple institutional investors in July bringing 2019 year to date inflows to more than USD 600 million and AuM to USD 2.4 billion in total.
GAM Systematic’s alternative risk premia strategy typically targets around 15 risk premia strategies across the style categories of value, momentum and carry. The team, which benefits from industry leading expertise built over almost 15 years, uses a disciplined research process to design, systematically implement and cost-effectively trade the various risk premia. In doing so, the team seeks to
Ropes & Gray advised Hamilton Lane on Hamilton Lane Strategic Opportunities Fund V which has attracted more than USD760 million in commitments from a wide range of global LPs including repeat as well as new investors from Asia, the Middle East, Europe and North and South America.
The Fund announced its final close on 30 July.
The Series is focused on making credit-oriented investments with consistent cash yield, shorter duration and attractive risk-adjusted returns. Consistent with previous vehicles, the Fund is comprised of a diverse set of institutions, including Taft-Hartley pension funds, insurance companies, high-net-worth individuals and endowments and foundations.
Research by global financial services regulatory consultancy Bovill finds that despite the FCA pursuing 19 investigations under the Senior Managers and Certification Regime (SMCR), to date there has been only one successful enforcement action.
The findings come two and a half years after the regulation’s introduction, which aims to bring culpable senior individuals in financial services to account for misconduct. Bovill suggests that, despite the regulator’s desire to show the effectiveness of SMCR, punishments are proving difficult to enforce under the new rules.
The Freedom of Information Request issued to the regulator reveals that 19 companies had been
Ares Management Corporation (NYSE: ARES) has appointed Joel Holsinger Co-Head of Alternative Credit for the firm’s Credit Group, effective immediately.
Holsinger will serve on the Ares Management Committee and work alongside Keith Ashton as Co-Head of Alternative Credit to expand the firm’s global coverage of the USD4 trillion alternative credit sector. Ares Management’s Alternative Credit strategy pursues asset-focused direct investments primarily in North America and Europe across a spectrum of specialty assets, real assets and financial assets.
“We are very excited about our substantial and growing presence in the alternative credit sector, and we see similarities between today’s alternative credit
