Latest News
Macquarie Specialised Investment Solutions (MSIS) has appointed Steve Berry (pictured), as Division Director of its Fund Finance business.
The Fund Finance business specialises in providing bilateral and syndicated lending transactions to investors in, and sponsors of, top-tier private equity and hedge funds.
Based in London, Berry will be responsible for expanding existing credit fund financing capabilities and driving the expansion of Macquarie’s Fund Finance coverage in Europe, focusing on opportunities across private equity and private debt funds. Steve will report to Pratap Dasgupta and Mike Vitelli, co-heads of the business, both of whom are based in New York.
- 31/08/2017
Independent fund, trust and corporate services provider Crestbridge has appointed Michael Newton (pictured), as Head of Fund Services in Jersey and John MacFeeters as Client Director.
Newton and MacFeeters will join current Crestbridge Directors Sarah Rayson, Elliot Refson and Alex Le Quesne with a remit to develop the firm’s international funds proposition from its Jersey office.
Newton has over 20 years of experience in fund administration and in providing high quality services to multi-jurisdictional fund investment structures. He takes on responsibility for clients and growing and developing the firm’s fund services business from Jersey, a business that spans the
- 30/08/2017
SIX has reported strong results for the first six months of 2017 with an operating income of CHF 929.7 million for the period. Adjusted for special effects in the first half of 2016 (CHF29.9 million), operating income is up by 4.8 per cent.
Earnings before interest and tax (EBIT) adjusted for special effects rose by 14.7 per cent to CHF 164.0 million.
Group net profit was CHF124.5 million. Adjusted for the previous year’s special effects, this equates to an increase of 18.5 per cent.
- 30/08/2017
- 30/08/2017
Peel Hunt, an independent corporate broking, advisory and trading house, has selected Torstone Technology’s InfernoRC module to comply with the transaction reporting obligations of the Markets in Financial Instruments Directive (MiFID II) and its accompanying Regulation (MiFIR).
The news follows Torstone Technology’s announcement in March this year that it began live testing the new InfernoRC module with its clients.
InfernoRC will enable Peel Hunt to comply with the expanded scope and detail in transaction reporting obligations in MiFIR, including the much wider range of financial instruments and disclosure of additional mandatory data which the regulation requires. In addition to
- 30/08/2017
- 30/08/2017
For someone who prides himself on building things, the opportunity for Kevin LoPrimo (pictured) to develop a footprint for Cowen Prime Services in London1 was too good to overlook. Last June, LoPrimo was officially unveiled as Head of International Prime Brokerage and charged with building on the success of Cowen Prime Services in the US, here in Europe.
“We’re trying to create the ‘go-to’ prime broker for small and mid-sized funds, and one that can serve as a second or third prime for larger fund clients,” LoPrimo tells Hedgeweek. “We are equity and fixed income-focused, support listed derivatives, and although we
- 30/08/2017
Active asset management company J O Hambro Capital Management (JOHCM) is to directly pay for external research used by its fund management teams when the reforms to the EU’s Markets in Financial Instruments Directive (known as MiFID II) come into effect on 3 January 2018.
Ken Lambden, JOHCM Group CEO, says: “As a high conviction active fund manager, our proprietary research is key to delivering investment outperformance for our clients, but we also value access to selected research generated by external parties. The new MiFID II regulations increase the level of transparency around the cost of research services, and we
- 30/08/2017
The University of Applied Sciences Western Switzerland (Hes-so) has teamed up with governance and risk compliance (GRC) solutions provider OXIAL, for a research project that ls looking to mitigate human risk in financial services (FS).
A previous Hes-so study identified human risk as one of the major threats to banks and other FS providers, and the new project will use OXIAL’s GRC software to amplify the weak signals within an organisation and prevent human risk from causing too much damage.
“Human risk is a highly significant factor in whether or not a bank achieves its business objectives, but it
- 29/08/2017
By Alison Swonnell, Director of Fund Operations, LCM Partners Limited – Non-performing loans are getting attention from the highest of places. Search for the term and you will find a deluge of publications about NPLs from the ECB, ESMA and EBA as well as pretty much every management consultant and accounting firm. Open the financial press and almost every day there is an announcement of an asset manager, such as LCM Partners, buying portfolios of bank loans, many of which represent eye-watering figures of outstandings, hundreds of individual companies or many thousands of consumers. A decade on from the start of
- 29/08/2017
- 29/08/2017
Total capital managed by Emerging Markets hedge funds increased to a record level for the fourth consecutive quarter through mid-year 2017, as a synchronised improvement in global growth and increased investor risk tolerance continued to drive gains across regional equity markets.
Emerging Markets (EM) hedge fund capital increased to USD213.3 billion (RMB1.42 trillion, 672 billion Brazilian Real, 13.6 trillion Indian Rupee, 11.3 trillion Russian Ruble, and 800 billion Saudi Real), according to the latest HFR Emerging Markets Hedge Fund Industry Report by HFR.
Investors allocated new capital to EM hedge funds for the first time since Q2 2015, with
- 29/08/2017
Derivative exchange Eurex has launched another new product to support market participants in the electronification of their trading business.
As of 30 October, Eurex Market-on-Close (MOC) futures provide a concept to trade index futures at a price level directly linked to the underlying cash market index close, prior to its actual publication.
”This is of particular importance to investors using or offering benchmarked products like swaps or Exchange Traded Products. They utilise index futures at the index close level for hedging purposes, but require a more granular futures pricing than in the regular index futures trading to avoid slippage
- 29/08/2017
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