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Essentia Analytics (Essentia), a provider of behavioural data analytics and consulting for professional investors, has appointed Robin Strong as Global Head of Sales, based in London.
Strong comes to Essentia with more than 25 years of experience in the financial technology industry and is responsible for leading Essentia’s sales strategy and execution.
Prior to joining Essentia, Strong served as Managing Director for Westminster RPA, a research commission management business owned by Cowen. In 2015, Strong founded The Investment Data Utility, a service that reduces the cost of data errors for investment managers, banks, hedge funds and insurance companies.
The European Energy Exchange (EEX) has welcomed the adoption of the Electricity Directive and Regulation by the European Parliament.
This is a milestone which finalises the ‘Clean Energy Package’ (CEP). The CEP sets the cornerstone for the further development of a market-based energy system with an increasing share of renewables in Europe in the coming decade. Following this route provides a basis for Europe to deliver on its climate and energy policy targets at the lowest cost, and making it possible to find the best solutions to the broader mega trends of decentralisation, decarbonisation and digitalisation.
“The Clean Energy
JTC, a provider of fund, corporate and private wealth services to institutional and private clients, has acquired Exequtive Partners, a Luxembourg-based specialist provider of corporate and related fiduciary services.
Exequtive Partners’ 28 employees, including the five principals, will all join the existing Institutional Client Services team at JTC, which this year marks its tenth anniversary of being in Luxembourg, with immediate effect. As well as expanding JTC’s jurisdictional presence, the acquisition also builds on its corporate services capabilities, complements its funds offering and creates greater opportunities for future growth.
JTC is fully committed to Luxembourg, and the industry, and
Troy Asset Management Limited has launched the Trojan Ethical Fund, managed by Charlotte Yonge (pictured), with the support of Troy’s 11-strong investment team.
The Trojan Ethical Fund is a long-only, multi-asset fund which invests according to Troy’s well-established investment process, incorporating the same emphasis on capital preservation and avoidance of permanent capital loss, with the aim of delivering low volatility returns over the long term. The Fund’s asset allocation will be broadly in line with that of the Trojan Fund, and will benefit from Troy’s robust stock selection process, which has long emphasised sustainability of franchise and strong corporate governance, both of
A new study written by the Strategic Consulting team, Prime Services, Barclays Capital reveals that Discretionary Macro, Equity Market Neutral, Equity Quant and Credit strategies are most favoured by investors as they seek to reduce their equity long-only exposure.
The study, called “Crossing Currents – 2019 Global Hedge Fund Industry Outlook”, involved surveying 298 investors with approximately USD5.7 trillion in total AUM.
It found that equity hedge funds, by end-2018, were down 7 per cent with alpha being responsible for about two-thirds of the losses and beta responsible for one-third. This was largely down to a deterioration in the markets
ML Capital, a European independent fund structuring and investment management firm, has officially rebranded to MontLake, along with the new slogan – Fund. Invest. Operate.
The rebrand reflects MontLake’s vision of being the investment fund industry’s most client-centric company; combining world class infrastructure solutions with the world’s leading investment managers.
The MontLake rebrand is the unification and strengthening of two brands ‘ML Capital’ and ‘MontLake’. The cohesive brand captures the separate identity’s and solidifies them under MontLake. Known by many already as ‘MontLake’, from their award winning platforms, it offers a stronger brand into the future for the company.
Irish Funds has welcomed the Central Bank of Ireland’s (CBI) approval for Irish domiciled UCITS and AIFs to invest in the Chinese interbank bond market via Bond Connect.
The decision follows a CBI review of the China Bond Connect initiative and provides easier access to the Chinese interbank bond market for the EUR1.8trillion UCITS and EUR611 billion AIFs domiciled in Ireland.
Before Bond Connect, international investors wishing to access China’s bond market could use the China Interbank Bond Market (CIBM) Direct, QFII and RQFII routes. Bond Connect is an alternative, more straightforward method to access the China bond market.
The Commodity Futures Trading Commission (CFTC) has passed a provision to provide greater certainty to the global marketplace in the event of a “no-deal Brexit” precipitated by the withdrawal of the United Kingdom from the European Union without a negotiated withdrawal agreement.
“At a time of heightened market uncertainty caused by Brexit, this Commission has worked over the past several weeks to bring clarity to participants in global derivatives markets by a series of separate actions and statements with its regulatory counterparts in London, Brussels and Singapore,” says CFTC Chairman J Christopher Giancarlo (pictured), in today’s open meeting of the
Mastercard is to make a USD300 million cornerstone investment in Network International’s planned IPO on the London Stock Exchange. The companies have also agreed to enter into a strategic partnership to support and accelerate the development of electronic payments in Africa and the Middle East.
Mastercard and Network International will support their mutual strategy of growing the payments ecosystem in the world’s most underpenetrated payments market. Mastercard will pay, or invest through, Network International annually for the development and delivery of shared innovation to expand product areas and drive the adoption of digital payments in Africa and the Middle East.
The Alternative Investment Management Association (AIMA) is opening a new office in Washington, DC. The office, which opens this week, will support the association’s growing membership and government affairs work in the United States.
The DC location expands AIMA’s existing US footprint and complements the association’s regional headquarters in New York. It will allow AIMA to deepen relationships with local regulators and work collaboratively with other industry bodies on behalf of the alternative investment industry. The additional resources will also facilitate the expansion of local committees, peer networks other practical tools for members in the US.
Jiri Krol, Deputy CEO
