Latest News
MFS Investment Management has launched MFS Meridian® Funds – Global Intrinsic Value Fund, which is co-managed by Portfolio Managers Benjamin Stone and Pablo de la Mata.
The highly experienced pair has a long track record of managing global and European equity portfolios, including MFS Meridian Funds – European Value Fund.
Intrinsic value investing, from the perspective of the portfolio management team, is about understanding the full context of how a company’s cash flows are generated and using that understanding to develop a durable, reliable and stable notion of a company’s value. This new fund seeks out companies believed to
FlexTrade, a specialist in broker-neutral, execution and order management trading systems, has partnered with finance sector operating system OpenFin, to provide application interoperability and improve workflow management for buy-side traders using FlexTrade’s execution management system, FlexTRADER, and FlexTrade’s out-of-the-box cloud-based trading system, FlexNOW.
Technology updates across trader desktops can prove time and cost intensive as a result of the multitude of independent desktop applications used throughout the business day. By partnering with OpenFin, traders using FlexTrade products are able to seamlessly integrate third-party vendor applications already deployed on the OpenFin OS into their workflows. Not only does this modernise and
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has announced a new client-driven, strategic focus, in line with the new FSA (now PRA) rules governing liquidity management for UK and foreign branches.
In response to the new regulations, SmartStream has appointed Nadeem Shamim to lead cash and liquidity management solutions globally.
Shamim brings over 30 years of experience in treasury, cash and liquidity management within transaction banking and treasury consulting, across Europe and Asia. Prior to SmartStream, Nadeem was at Standard Chartered Bank, in his role as Managing Director he was responsible for corporate treasury solutions. Previous
Nomura Asset Management has marked the tenth anniversary of the Nomura US High Yield Bond Fund, which has returned 201.3 per cent since launch, outperforming its benchmark, the BofAML US High Yield Constrained Index, by 11.8 per cent.
Managed by Steve Kotsen at Nomura Corporate Research and Asset Management (NCRAM), the fund has generated outperformance using a total return strategy driven by strong credit research and a cohesive team effort.
Peter Ball, Managing Director at Nomura Asset Management UK, says: “We launched our Ireland domiciled US High Yield Bond Fund in March 2009 in response to demand from our
The Depository Trust & Clearing Corporation (DTCC) has elected three new members to its Board of Directors at the firm’s Annual Shareholders Meeting.
The Board plays a critical role in overseeing the strategic direction of DTCC, working closely with the firm’s leadership and advising on topics including risk management, regulatory matters, the development of new products and services, emerging fintech and more.
The new directors are Kieran Hanrahan from JP Morgan Chase’s Corporate and Investment Bank, Graeme McEvoy from Morgan Stanley, and Joseph Noto from Barclays.
Kieran Hanrahan is a Managing Director in JP Morgan Chase’s Corporate
Carmignac has launched the Carmignac Portfolio Unconstrained Credit, a global fixed income UCITS fund that invests in credit strategies across the globe.
Its flexible and opportunistic style enables the Fund to implement an unconstrained and conviction-driven allocation. The fund aims to outperform its reference indicator over a minimum recommended investment period of two years.
Carmignac Portfolio Unconstrained Credit is co-managed by Pierre Verlé, Head of Credit, and Alexandre Deneuville, fixed income fund manager. Pierre and Alexandre will draw on the wider fixed income team composed of 12 people, including fund managers and analysts. The fund will invest across the
UK investors have moved a net GBP62 billion of their fund investments outside the UK since the Brexit referendum in June 2016, according to the latest Fund Flow Index (FFI) from global funds transaction network Calastone.
In March 2019 alone, as the UK Parliament teetered on the brink of a no-deal Brexit, they placed a net GBP2.7 billion in EU-based funds, almost three times the amount that flowed into UK regulated funds.
Almost all of this GBP62 billion in capital is now invested in funds based inside the European Union. Dublin has been the biggest winner taking two thirds
iCapital Network, a financial technology platform aiming to improving access and efficiency in the alternative investment marketplace, is to enter into an exclusive relationship with The Nasdaq Private Market (NPM) to create an integrated secondary marketplace for iCapital sponsored funds through the NPM platform.
The agreement will offer liquidity solutions to advisors and their high-net-worth clients who have private equity investments in their portfolios.
NPM’s qualified matching service will give investors who have holdings in iCapital sponsored funds – on the iCapital flagship platform or on third party platforms powered by iCapital technology – the option to put private
Optima Partners, a global regulatory compliance firm, has promoted Director Sani Jackson to Partner.
Jackson has had an impressive career in providing regulatory advisory services to hedge funds, private equity firms, investment banks, broker-dealers and other financial services firms across the globe.
Since she joined Optima, Jackson has played a vital role in delivering high-quality compliance projects to clients, helping drive tremendous growth for the firm’s UK office, and leading a team of talented and highly respected professionals.
Prior to joining Optima, Jackson held senior-level positions at Deloitte LLP, Deutsche Bank and Brevan Howard Asset Management LLP.
The Eurekahedge Hedge Fund Index gained 1.00 per cent in March, supported by strength in global equity and bond markets as central banks shy away from tight monetary policies.
Optimism over the progress of the US-China trade talk supported both countries’ equities over the first quarter of the year. The Eurekahedge Greater China Hedge Fund Index was up 11.46 per cent year-to-date as the country’s onshore equity markets recovered from the devastating losses in 2018. China A-shares also benefited from MSCI’s announcement to increase their weight in the emerging market indices this year.
Hedge fund managers focusing on Japan and
