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The US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE) and the Financial Conduct Authority (FCA) hve issued a joint statement regarding derivatives trading and clearing activities between the United Kingdom (UK) and United States (US) after the UK’s withdrawal from the European Union (EU).
The statement reads: “Market participants can be assured of the continuity of derivatives trading and clearing activities between the UK and US, after the UK’s withdrawal from the EU, following this joint statement by the Bank of England including the Prudential Regulation Authority (BoE), Financial Conduct Authority (FCA),
Neuberger Berman is launching a UK-domiciled fund range, with the group’s first strategy a global long/short equity portfolio run by investor Steve Eisman and team.
The new fund range provides UK investors with the broadest accessibility to Neuberger Berman’s innovative investment thinking and differentiated propositions – across its diverse investment platform of equities, fixed income, alternatives and multi asset. Neuberger Berman’s new fund range will deliver solutions in response to the needs and challenges of the UK marketplace, with products often designed in partnership with clients.
Neuberger Berman manages considerable institutional assets in the UK – while about 10
Kingswood Holdings (Kingswood), a listed UK-based wealth and investment manager, has appointed Richard Klein as Head of Alternatives and Distribution.
Klein’s principal focus will be on providing existing and future clients with access to capital protected, yield-enhanced strategies managed by independent best in class asset managers with offerings in key asset classes including Private Equity, Real Estate, Infrastructure, Hedge Funds, Liquids & Credit.
These products are generally only available to institutional investors, but Kingswood is committed to providing investment opportunities to the mass affluent market. Richard joins on 1 March 2019 as a Partner and Managing Director, and will
Align, a global provider of IT infrastructure and workplace technology services, has appointed Robert Caputo as Senior Program Manager for its Workplace Technology group.
Caputo (pictured), will lead large programs for Align’s strategic clients. He was previously a Principal at CS Technology, where he was responsible for the firm’s strategy practice and large workplace programs. Rob has over 25 years of consulting experience – and has lead teams through the entirety of project lifecycles from business case, to visioning and design, through construction and deployment of technology. Caputo’s prior roles include leadership positions in network consulting firms and as Principal Engineer
Over three-quarters (79 per cent) of respondents to a new investor and operational due diligence (ODD) analyst survey by Corgentum are spending more time analysing compliance and regulatory risks in funds, compared to last year.
Recent key areas of focus during fund manager due diligence cited include the 2019 examination priorities announced by the United States Securities and Exchange Office of Compliance Inspections and Examinations (OCIE), Europe’s General Data Protection Regulation (GDPR), and Brexit uncertainty. Additionally, respondents also indicated a 59 per cent increase in the time spent analysing cybersecurity related issues including the ongoing risks of phishing scams, email
Ideal Prediction, an independent trading analysis and data science company for capital markets, has launched Scope, an automated monitoring service, which analyses the behaviours of voice traders and trading algorithms in line with the principles of the FX Global Code (FXGC).
Already in production, Scope automatically monitors order and trade activity, evidencing that humans and algorithms adhere to governance and risk controls. It specifically highlights potential issues like last look, spoofing, flashing, layering, order violations, limit breaches, and P&L flags.
The FXGC was launched in May 2017. It is a set of global principles, developed in partnership by Central
Alternative datasets are now available through Bloomberg’s “ready-to-use” data website, Bloomberg Enterprise Access Point.
Adding alternative datasets allows Data License clients to easily access and incorporate new, non-traditional forms of high-quality data from Bloomberg and market leading alternative data providers including Thasos, Apptopia, TipRanks, PredictWallStreet, RS Metrics, Orbital Insight, OWL Analytics, Predata, Evaluate, 280First and Symphony Pharma.
Financial firms are increasingly using previously cumbersome, inconsistent, non-traditional data to inform their investment decisions and risk management strategies. While firms recognize the value of newer datasets for alpha generation, they face challenges like data connectivity, varying quality and ease-of-use. By offering clients
The SS&C GlobeOp Forward Redemption Indicator for February 2019 measured 3.42 per cent, up from 2.70 per cent in January.
“SS&C GlobeOp’s Forward Redemption Indicator for February 2019 was 3.42 per cent, an increase compared to 2.71 per cent reported for the same period ago for February 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Since the financial markets’ downturn in the fourth quarter of 2018 and continuing through this year’s recovery, data points for hedge fund redemptions and capital movements have been mixed.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received
The Wharton School of the University of Pennsylvania has received a USD10 million gift from 1986 undergraduate alumnus Josh Harris and his wife Marjorie Harris to establish the Joshua J Harris Alternative Investments Program.
Harris is a co-founder, senior managing director, and director of Apollo Global Management, an alternative investment manager serving institutional investors worldwide.
The new Alternative Investments Program will expand co-curricular opportunities for Wharton students in the field and bring together alumni and industry experts through events and programming.
The gift is a major contribution to Wharton’s More Than Ever fundraising and engagement campaign, which is
Derivatives trading costs could double as markets brace themselves for increased bouts of volatility, according to research from analytics firm OpenGamma.
The findings show that during times of market stress, requirements to post upfront cash jump by on average half, but could rise by as much as 94 per cent. This huge additional cost, which was calculated through stress testing fixed income futures traded on US exchanges, will be tough to absorb for fund managers under intense pressure from investors to deliver stronger returns.
With continued global trade tensions, rising US interest rates and growing debt, fund managers will
