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Andrew Hsu, a member of the DoubleLine investment team since the firm’s inception and head of both the Asset-Backed Securities and Infrastructure investment teams, has been added as a co-portfolio manager of the USD53 billion DoubleLine Total Return Bond Fund.
Hsu joins the portfolio management team of Jeffrey Gundlach (pictured), lead portfolio manager and Philip Barach, co-portfolio manager.
The DoubleLine Total Return Bond Fund invests primarily in fixed-income securitisations, also referred to as structured products, including Agency and private-label residential mortgage-backed securities (MBS), commercial MBS, collateralised loan obligations and asset-backed securities.
“Andrew has been part of my investment team for
CLS, a market infrastructure group delivering settlement, processing and data solutions, has lunched CLSNow, a bilateral, same-day FX gross payment-versus-payment (PvP) settlement service. JP Morgan and Goldman Sachs are the first banks to go live on the service.
CLSNow enables banks to exchange currency positions with mitigated settlement risk on a near-real-time basis. Currencies offered include the Canadian dollar, euro, UK pound sterling, and US dollar. Additional currencies will be added over time. The service mitigates FX settlement risk, enhances liquidity management, and provides balance sheet benefits for banks. Currently, the average daily gross value that is settled in the
Intelliflo is structuring its business team to deliver expansion internationally, with Australia the first country in the delivery pipeline.
Announced at the Intelliflo Change the Game Conference last month (18 June 2019), the firm is developing its multi-faceted business management system, Intelligent Office, for use by financial intermediaries operating in territories outside the UK.
Australia will be the first international territory to have access to Intelligent Office, with plans to roll out access to the system across multiple countries in the future.
To head up the International push, Intelliflo has hired Johann Koch as Business Development Director – International. Koch
Quedex, a crypto-centric futures and options exchange based out of Gibraltar, has bee ngranted a Distributed Ledger Technology (DLT) Providers licence for trading of cryptocurrency derivatives and for custody of cryptocurrencies by the Gibraltar Financial Services Commission (GFSC) making it the first regulated entity of its kind globally.
The DLT licence follows a 15-month-long process in which Quedex, advised by PRT Lawyers, worked together with the Gibraltar authorities in order to meet all the conditions required.
Quedex offers its users, consisting of institutional investors, miners, hedgers and active traders, the opportunity to trade in futures and options contracts on crypto
RFA has come a long way since it first opened for business in 1989. Now the firm, which has over 800 clients, is one of the biggest cloud providers to the alternative investment sector, offering state-of-the-art cybersecurity services and fully managed IT and CTO consultancy services.
Much of RFA’s success can be attributed to the ethos of the firm, which takes a consultative, rather than product-led approach to client requirements, most of whom, as Managing Director George Ralph (pictured) points out, come via word of mouth. Ralph works alongside chairman, Richard Fleischman, president, Yohan Kim and CIO, Michael Asher.
PE
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data services, has launched a new Security Reference file feed, PIT (Point In Time).
With the PIT Security Reference File feed, clients can track, at a listing level, changes to securities coding and other key security reference data-points at any Point In Time.
The Point In Time’s Start and End dates use the public domain effective date from the Event that triggered the change. This means that the historical reference data returned by query will represent the actual values that the markets would have recorded on
EEX Group increased trading volumes across the majority of its markets in the first half of 2019, with volumes up significantly in the power, gas and freight markets.
Trading volumes in the Agricultural market also developed positively while the Group posted a decline in the market for emission allowances.
The Group’s power spot markets, operated by EPEX SPOT, achieved a volume of 302.9 TWh, representing a growth of 5 per cent compared to the previous year (H1 2018: 288.4 TWh). Trading in the day-ahead markets also rose 5 per cent to 259.2 TWh, while Intraday trading volumes increased from 40.9
Man Group has reported a 5 per cent increase in funds under management (FUM)1 to USD114.4 billion in the first six months of 2019 up from USD108.5 billion as at 31 December 2018 on the back of strong performance by the group’s quant alternative strategies.
The group saw positive investment movement of USD6.8 billion in the period (H1 2018: negative USD1.7 billion) with net outflows of USD1.1 billion (H1 2018: net inflows USD8.3 billion). Positive FX translation and other movements totalled USD0.2 billion (H1 2018: negative USD2.0 billion).
Adjusted profit before tax (PBT) was up 3 per cent to USD157
Specialist investment company Liontrust is to acquire Neptune Investment Management Limited, subject to regulatory approval in a deal that will take Liontrust’s AuM to GBP17 billion.
All of the Neptune Investment Team, headed by and including Robin Geffen, will join Liontrust at the firm’s London offices.
On completion of the deal, Geffen will step down as Chief Executive Officer of Neptune and solely concentrate on leading his investment team and managing funds.
Neptune brings excellent long-term performance through its Global, Income, Regional and Emerging Markets funds. The Neptune Income Fund, for example, is the best performing fund in
Hedge fund managers ended June 2019 up 1.75 per cent on an equal-weighted basis, and 1.89 per cent on an asset-weighted basis, reversing May’s losses of 1.19 per cent, according to figures released by Eurekhedge.
Trade optimism and expectations of a Fed rate cut pushed the global equity market higher despite mixed economic data.
Over the month of June, USD6.4 billion of investor outflows were recorded by the global hedge fund industry, despite performance-based gains of USD15.5 billion. Total hedge fund industry AUM stood at USD2,294.3 billion as of June 2019.
