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INTL FCStone’s Singaporean subsidiary is to acquire the futures and options brokerage and clearing business of UOB Bullion and Futures Limited, a subsidiary of United Overseas Bank Limited.
Closing is conditional upon receiving regulatory approval by the Monetary Authority of Singapore.
Greg Kallinikos, Deputy CEO, Asia, says: “Adding such a well-established, Asian-focused futures and options brokerage and clearing business to the INTL FCStone group gives us critical mass in our regional capabilities, provides us access to a solid and reputable client base, and enhances our global product offering out of Singapore. This acquisition solidifies our strong commitment to the
The Eurekahedge Hedge Fund Index gained 0.89 per cent in February, bringing its year-to-date return to 3.26 per cent, according to the March 2019 Eurekahedge Report.
The risk-on sentiment among investors driven by the Fed’s patient stance and optimism over the potential resolution of the US-China trade tension persisted through the month, sending global equity markets on a rally through February.
The global hedge fund industry saw performance growth totalling USD39.5 billion over the first two months of 2019, supported by the global equity market performance since the beginning of the year. Despite the positive performance figures, net investor redemptions
StatPro Group, an AIM-listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has appointed Michael Anderson CFA as Sales Director for the Asia Pacific region.
Anderson has experience as a sales executive having delivered solutions to a wide range of investment industry clients including asset owners & managers, custodians, banks, consultants and brokers. Michael joins us from MSCI (Barra/RiskMetrics) where he was the Head of Client Coverage for Australia and New Zealand. His previous experience includes roles such as Head of International Equities at Commonwealth Bank of Australia, Portfolio Manager and Analyst of Asian Equities,
Cobalt, a foreign exchange (FX) infrastructure based on shared ledger and high performance technology, has hired five experienced professionals to lead its drive to ‘re-engineer the FX market’.
Cobalt says that post-trade FX is currently riddled with complex legacy systems and manual processes, creating unnecessary cost and risk across the market. The new hires bring a wealth of FX experience to the company and will play an important role in the rollout of Cobalt’s shared infrastructure which aims to optimise risk management and cut costs by up to 80 per cent.
Bob Linton, based in New York, has become head
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.56 per cent in February, slightly underperforming the 0.63 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“February marked a continuation of the renewed risk appetite seen in January, propelling equity and credit assets higher, while the volatility index continued to
Experienced distressed investment specialists Amit Patel and Cindy Chen Delano, formerly of Whitebox Advisors, have launched Invictus, an alternative asset management firm built to employ a fundamental, event-driven approach to investing across distressed credit and related special situations opportunities.
Patel (pictured), who spent six-years with Whitebox, and Delano, three-years with the firm, will serve as the fCo-Chief Investment Officers of Invictus. They bring proven experience in distressed investing along with differentiated expertise in bankruptcy law and restructuring litigation. Patel’s background also includes working on investment and advisory teams at firms such as Avenue Capital Management, Wellspring Capital Management, and Jefferies
In a three-day technical workshop, EEX has engaged with staff of Shanghai Environment and Energy Exchange (CNEEEX) and other Chinese stakeholders, sharing its experience in the operation and supervision of an emissions trading platform.
The workshop was organised by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in cooperation with CNEEEX. In addition to EEX, the German Emissions Trading Authority (DEHSt) joined the discussion and provided views from a legal and regulatory perspective.
The discussions which were held in Shanghai between 12-14 March were aimed at supporting the construction of the national ETS trading platform in China. In this context, EEX experts
Hedge fund redemptions slowed from their December pace in January, but persisted for a fifth straight month, driven by a fourth-quarter stock market plunge and investor concerns over global trade disputes and a possible global economic slowdown.
January’s hedge fund redemptions stood at USD24.1 billion, a marked decrease from December’s USD42.3 billion but still a drop of 0.8 per cent of hedge fund assets, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions.
Data from the nearly 6,000 funds included in the BarclayHedge database showed the January activity of hedge fund investors worldwide (excluding
Oak Trust Group, Consortia and Kreston IOM, which between them have offices in Guernsey, the Isle of Man, Jersey, Malta and Mauritius – have come together to form Oak, a new private client, corporate services and fund administration group.
The new business, which is headquartered in Guernsey, employs 160 people across the five jurisdictions.
Stuart Platt-Ransom has been appointed the chief executive officer of Oak. Previously chief executive officer of the Legis Group, he has more than 25 years’ experience in the financial services sector.
Oak is backed by the Financial Services Opportunities Investment Fund, a Guernsey-based, International Stock Exchange
The Warsaw Stock Exchange (GPW) is planning to introduce to trading new derivatives to address the needs of market participants. Futures on shares of LPP with a new multiplier of 1 and futures on shares of 11 BIT Studios with a new multiplier of 10 will be introduced to trading.
The objective of the strategic initiative Development of Derivatives is to attract new investors to the derivatives market. GPW in co-operation with market participants supports the listing of single-stock futures with a multiplier of 1 and 10.
“GPW’s strategic initiative promotes further development of the derivative market.” says Izabela
