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CPR AM has expanded its fixed income range with the launch of CPR Invest – Smart Beta Credit ESG Fund, an open-ended fund incorporated in Luxembourg that aims to achieve a return comparable to the euro-denominated investment grade credit market, with a lower risk over the long term.
The fund is managed by Fanny Jacquemont and is based on a quantitative model developed by CPR AM’s research team.
Julien Daire, head of fixed income and credit, says: “Investors are constantly searching for yield in this low interest rate environment. But because of on-going geopolitical uncertainty, accessing credit with the
Morningstar has released a new report, Cross-Border Liquid Alternative Fund Landscape 2019, showing how the landscape for this fast-growing asset class has developed and transformed in the past decade, and what challenges lay ahead for investors and fund selectors in the asset class.
In the 10 years through the end of December 2018, the number of available open-ended alternative funds domiciled in Europe has risen by 76 per cent, which equates to 2,663 live open-ended funds in Morningstar’s database currently. This growth is higher than for any other asset class. In terms of assets, alternative managers oversaw EUR420 billion of
IHS Markit’s OTC derivatives valuation data is now available to financial institutions for best execution compliance. The time-stamped valuation data can help firms monitor intraday and historic transaction costs across interest rate, equity, FX, credit, commodity and structured product OTC derivatives.
Evolving market practices and global regulations such as MiFID II, PRIIPS and RG 97 aim to gradually increase transparency on the execution quality of financial market transactions. As best execution requirements continue to broaden, the most complex trades in OTC markets have come into scope, creating a need for standardised valuation procedures and reporting documentation.
“Financial institutions need to
The Derivatives Service Bureau, founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, is conducting a User Survey as well as establishing a group-wide Agreement Forum.
Committed to the use of international standards to make the OTC derivatives market a more stable and efficient environment, both initiatives have been set up to ensure continued extensive industry collaboration and representation with the DSB, including impact on user agreements, services and fee models.
As part of
Saxo Bank, a fintech and regtech specialist focused on multi-asset trading and investment, is broadening access to Chinese securities, further cementing its position as a gateway to China for its international client base.
Qualified institutional clients are now able to trade mainland China bonds through Saxo Bank. The connectivity is enabled via the Hong Kong based Bond Connect mechanism, which is a mutual bond access programme launched in 2017, allowing overseas and Mainland China investors to trade in each other’s bond markets. The launch of mainland China bonds further strengthens Saxo Bank’s unparalleled global multi-asset trading and investment platforms –
Man Group has announced net inflows of USD10.8 billion for the financial year ended 31 December, down from the USD12.8 billion seen in 2017.
Funds under Management (FUM) totalled USD108.5 billion as at 31 December 2018 compared with USD109.1 billion in 2017, while adjusted profit before tax (PBT) fell to USD251 million in for the year from USD384 million in 2017.
Luke Ellis (pictured), Chief Executive Officer of Man, says: “2018 was a more difficult year for the asset management industry, characterised by periods of higher volatility which impacted performance across asset classes and investment styles. Against this backdrop
The LF Woodford Equity Income Fund (WEIF) has sold some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (WPCT) in exchange for shares in WPCT. This step signals the start of a strategy to switch the fund’s unquoted exposure from individual unquoted holdings to shares in WPCT.
WEIF acquired the new WPCT shares primarily for a “non-cash consideration” by transferring five unquoted holdings to the value of GBP72.9 million to WPCT and subscribing for the remaining GBP6 million in cash. This acquisition of assets by WPCT allows it to increase its position in companies that the Board
Gregory Property Group has secured forward funding and started on site to deliver a prominent, new 407-bed student residential scheme on the edge of Leeds city centre.
Planning consent was granted in November last year for the GBP30 million plus scheme located on a prominent site on Bingley Street. Until recently, the site was occupied for more than three decades by Maxi’s restaurant; the first purpose-built Chinese restaurant in the UK.
Gregory Property Group has secured forward funding from Curlew Alternative Asset Management (Curlew) and subsequently appointed Leeds based GMI Construction Group with a GBP21.5million contract to build ‘The
The UK’s Financial Conduct Authority (FCA) is urging financial services firms to ensure they are making any necessary changes to protect customers from negative impacts of leaving the EU, whatever the outcome of negotiations, including a no-deal Brexit.
Firms are also being reminded to consider what information needs to be communicated to their customers, and how this will be done in a way that is clear, fair and not misleading.
As well as publishing updated general information for all firms, the FCA has releases specific guidance for wholesale banks, markets and asset managers. UK firms doing business in
IHS Markit, a specialist in critical information, analytics and solutions, has added new functionality to its Securities Finance platform, a source of data and intelligence on global securities financing transactions.
The enhancements deliver public disclosure coverage for the Japanese market, a global data feed on corporate bond lending activity, an updated model for forecasting short interest in the US and multi-asset performance measurement tools.
“Across the securities financing ecosystem, the pace of innovation is accelerating and in step with market developments, we are providing our customers with enhanced data and analytics to help them manage their businesses with greater
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