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Although the macroeconomic picture for Europe has been muted in the past 24 months, the continent’s alternatives industry is moving from strength to strength, according to Preqin’s second annual Alternatives in Europe report in published in partnership with Amundi.
2018 has seen record activity across most alternative asset classes, with Europe-based alternative asset fund managers holding EUR1.62 trillion in AUM as of the end of June 2018 – up almost EUR300 billion in just three years.
The opportunities present in Europe are apparent to investors globally – almost half of the institutions with a preference for the region are now
INDOS Financial, an independent fund depositary and oversight business, has selected Vigeo Eiris to provide Environmental, Social, Governance (ESG) data to support its independent ESG screening and verification service to asset managers and their stakeholders.
Under terms of the agreement, Vigeo Eiris will provide INDOS access to ESG and Corporate Social Responsibility data allowing it to screen, independently, investment portfolios and provide bespoke reporting as part of a wider independent ESG oversight and verification service.
The INDOS service will enable its clients to demonstrate compliance with ESG policies and mandates, mitigating the risk of greenwashing, whilst providing internal and external
Jersey’s ability to offer a quality service in the alternative investment space will ensure ongoing growth of its funds industry, according to Tim Morgan, the new Chair of the Jersey Funds Association (JFA).
Elected into the position of Chair at the recent AGM (28 June) of the trade association that represents Jersey’s funds industry, Morgan (pictured), a Partner at offshore law firm Mourant, has practised in Jersey since 2003 advising promoters, investors, boards, regulators and service providers across asset classes including private equity, credit, real estate, hedge and liquid securities.
Prior to Jersey, Morgan originally trained with Taylor Wessing in London and
By Martin Lovick (pictured), Senior Principal Consultant, ACA Compliance Group – Sexual harassment and other forms of “non-financial misconduct” are now on equal footing with types of financial misconduct, such as market abuse, for the UK Financial Conduct Authority (FCA). Firms and employees are at risk of regulatory sanctions – including, for individuals, the possibility of not being found to be “fit and proper” – for failure to fulfil the FCA’s evolving diversity and inclusion (D&I) expectations.
Insight Investment has appointed Andrew Stephens as Head of Distribution, EMEA. Stephens, who joined Insight on 1 July, is based in London and reports to Angus Woolhouse, Global Head of Distribution.
Stephens joins Insight from Blackrock where he spent 19 years, most recently as Head of UK Institutional Client Business.
Woolhouse says: “Serving our clients and their advisers is of fundamental importance to our business. At a time when their needs are becoming ever more specific and complex, Andrew’s strength and depth of experience adds further weight to our global distribution efforts.”
Stephens sats: “Insight has a reputation for
TriOptima, an infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, has reduced notional outstanding at Eurex Clearing by 26 per cent following a record compression run on 26 June, 2019.
The latest run, which equates to USD3.9 trillion worth of cleared euro interest rate swaps (IRS) and Forward Rate Agreements (FRAs), represents a 143 per cent increase on the previous record of USD1.6 trillion.
The record comes as market participants continue to utilise TriOptima’s triReduce service to cut their gross notional exposure. By eliminating transactions through triReduce in a clearing house environment, firms go one step
Deutsche Bank is to exit its Equities Sales & Trading business as part of a wider restructuring plan which will see the business shed 18,000 jobs globally by 2022.
The first round of cuts, affecting teams of shares traders in Tokyo and other Asian offices, have already been announced in a move a spokesperson says is designed to make the bank ‘leaner and stronger’.
Deutcshe Bank has said it is ‘retaining a focused equity capital markets operation’ while it also plans to resize its fixed income operations – in particular its rates business – and will accelerate the wind-down of
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has appointed Alex Navin to join the firm’s Structured Credit team as Portfolio Manager.
Based in London, Navin will report to Sid Chhabra, Head of Structured Credit and CLO Management, and will support him in managing BlueBay’s global structured credit strategies.
Navin has nearly a decade of structured credit experience. He joins from Citigroup Global Markets, where he held a number of roles, most recently as senior CLO trader. Navin achieved a BS Mechanical Engineering (in honours) from Virginia Tech, Magna Cum Laude.
Navin’s appointment is the latest hire for
It’s just over a year since PAAMCO Prisma debuted Launchpad, a co-investment platform for seeding and supporting emerging hedge funds with Employees Retirement System of Texas (ERS) as its inaugural investment partner. Jeff Willardson (pictured), Managing Director, PAAMCO Prisma and Head of Investments for Launchpad brings Hedgeweek up to speed on the past twelve months and what to expect in the coming year…
HW: What was the thinking/motivation behind the establishment of Launchpad?
JW: Launchpad was an idea that came about organically through conversations between us and ERS of Texas (ERS). It was really a coming together of two like-minded
Profile Software, a financial software solutions provider, has released the latest version of Login’s Acumennet, a treasury management solution that is available in the cloud, on Amazon Web Services and Microsoft Azure platforms.
Acumennet is based on the latest technologies and provides multiple options for deployment which enable interoperability, scalability and costs efficiencies.
Acumennet is a flexible Front-to-Back Treasury Management platform that has been implemented in various countries across the world on a single instance and multi-entity or as Treasury hub with the ability to operate 24×7 being online and in real-time. Having been recently upgraded, the dashboard includes numerous widgets
