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Kempen Capital Management (Kempen) has appointed two senior portfolio managers to its business investment teams.
Jags Walia has been appointed as senior portfolio manager for infrastructure, while Ingmar Schaefer has been appointed as senior portfolio manager for European small caps.
Previously, Walia worked as a senior portfolio manager for APG Asset Management, where he focussed predominantly on energy sector shares. Prior to this position, he worked for Delta Lloyd Asset Management and Morgan Stanley. He will bring nearly 25 years of experience in the financial industry to his new post.
Schaefer also worked as a senior portfolio manager
Philip Moustakis, most recently a senior counsel at the Securities and Exchange Commission, has joined law firm Seward & Kissel.
Moustakis spent more than a decade in the SEC’s Division of Enforcement in New York, where he served a lengthy tenure in the Asset Management Unit and was a member of the Cyber Unit since its formation in 2017. He will work closely with several of Seward & Kissel’s practice areas in both New York and Washington DC, including the Government Enforcement and Internal Investigations Group, the Investment Management Group, and the Blockchain and Cryptocurrency Group.
As a member of the
Digital asset exchange Kraken has acquired Crypto Facilities, a regulated cryptocurrency trading platform and index provider. The combination creates a specialist in cryptocurrency spot and futures trading.
London-based Crypto Facilities offers individuals and institutions transparent, secure, 24/7 trading on a range of cryptocurrency derivatives. A pioneer in the industry, the firm was the first regulated entity to list futures on Bitcoin, Ethereum, Ripple XRP, Litecoin and Bitcoin Cash. The firm is also the leading cryptocurrency index provider, calculating the CME CF Bitcoin Reference Rate that powers the CME Group’s Bitcoin futures. Users value the high integrity, low latency marketplace that
Private equity firm GTCR has completed the previously announced acquisitions of Ultimus Fund Solutions and The Gemini Companies in a strategic combination.
The combined company, which will operate as Ultimus Fund Solutions, is a provider of full service fund administration, accounting and investor solutions to traditional and alternative fund managers. On behalf of its clients, the combined company services approximately USD150 billion of assets under administration and over 840 total funds.
Ultimus and Gemini have both been innovators in comprehensive and customised middle and back-office solutions that help fund managers and investors. The companies’ solutions are differentiated by proficiencies
Nordea Asset Management (NAM) has expanded its ESG fixed income offering with the launch of the Nordea 1 – Emerging Stars Bond Fund.
Building on the success of NAM’s Stars fund range in the equities space, the asset manager has added a second fixed income solution, the Nordea 1 – Emerging Stars Bond Fund. It follows the recent launch of the Nordea 1 – European Corporate Stars Bond Fund.
Fixed income funds with true ESG implementation represent a relatively new approach to responsible investment. The market is beginning to take notice, with growing recognition among EM investors that ESG
Small to mid-sized investment firms continue to face significant challenges in operating compliance programs that are needed to meet intense regulatory scrutiny, according to Optima Partners, a leading global financial regulatory compliance firm.
In an ever-changing regulatory environment, investment firms are forced to commit more resources, in order to keep pace with a growing and evolving set of complex regulations. But unlike their larger counterparts, smaller firms can be put at a distinct disadvantage as they often lack the capital, experience, expertise and technology required to meet those demands.
Faced with budgetary constraints and less personnel to handle the
Nasdaq Dubai and FTSE Russell have signed a license agreement for the exchange to launch derivatives on FTSE Russell’s Saudi Arabia equity indices.
In its first use of the license, Nasdaq Dubai intends to launch futures on theFTSE Saudi Arabia Index later this month on a date to be announced.
The futures, together with other derivatives to be launched in coming months under the license, will be designed to attract global and regional market participants including the many funds that use FTSE Russell’s indices as benchmarks for investing in Saudi equities.
The move is part of a rapid
The European Energy Exchange AG (EEX) has completed the acquisition of Grexel Systems Oy, a provider of energy certificate registries in Europe. The company currently operates 15 energy certificate registries in Europe.
With this transaction, EEX Group is expanding its activities in the registry business and will be able to actively develop the markets for guarantees of origin for renewable and other forms of energy. As part of EEX Group, Powernext already operates register solutions for guarantees of origin and other certificates in France.
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates
Mediolanum Asset Management (MAML), the Irish asset management company of the Mediolanum Banking Group, has appointed Brian O’Reilly as its new Head of Market Strategy. He will report to Christophe Jaubert (pictured), Head of Investment Performance.
This hire follows numerous additions made by MAML in the past few months, including David Holohan, Head of Equity Strategy and Astrid Schilo as Multi-Asset Strategist.
O’Reilly will manage the team responsible for asset allocation across all classes as well as formulating the MAML investment house view. He will sit on the firm’s Investment Committee.
Brian O’Reilly has nearly 20 years’ experience
Far fewer active fund managers outperformed their benchmarks in 2018, according to an analysis of 15 key equity and bond fund segments by Scope. In fact, under a quarter of active equity funds beat benchmarks in 2018 and just 16 per cent of bond funds outperformed.
Scope’s study, which covered nearly 2,000 equity funds (UCITS) authorised for distributing in Germany, found that the proportion that outperformed their benchmark fell year-over-year by over half from 53 per cent in 2017 to 24 per cent last year. All eight equity segments saw their ratios worsen from 2017 to 2018.
‘Equity Germany’
