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Eiger Advisors – a UK-regulated business assisting alternative and traditional asset management businesses – and Investeam – an established, Paris-based third-party manager – have announced a new commercial partnership.
The partnership will support UK based fund managers wishing to access the French, Luxembourg and Belgium institutional investors, and French, Luxembourg and Belgium based fund managers wishing to reach British institutional investors.
These are cross border markets that to date have not achieved the expected levels of penetration, particularly when considering the quality and performance of the fund managers in the respective countries and the size and diversification of the
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 34 per cent to 323.0 TWh in January (January 2018: 240.9 TWh).
In particular, EEX recorded significant growth in power futures for Germany (224.2 TWh, + 92 per cent), Austria (1.3 TWh, + 5,240 per cent) and Spain (14.4 TWh, + 170 per cent) as well as for the Central and South-Eastern European (CSEE) markets (10.8 TWh, + 117 per cent).
On the EEX markets for emission allowances, trading volumes totalled 92.1 million tonnes of CO2 in January (January 2018: 109.8 million tonnes of CO2). The
Global investor services provider SGG Group has appointed Serge Krancenblum to the new position of Group Executive Chairman and chair of the Group’s Supervisory Board and Mark Pesco as its new Group Chief Executive Officer (CEO). Both appointments are subject to regulatory approval.
Under Krancenblum’s leadership SGG Group has become the fourth largest independent investor services firm in the world, with the required scale and industry expertise across all segments.
As Group Executive Chairman, Krancenblum will chair the Supervisory Board of the Group and act as an adviser and a trusted mentor to Pesco, sharing experience, know-how and network.
Eiger Advisors, a UK-regulated business assisting alternative and traditional asset management businesses, and Investeam, an established Paris-based third-party manager, have announced a new commercial partnership.
It will support UK-based fund managers wishing to access the French, Luxembourg and Belgium institutional investors, and French, Luxembourg and Belgium-based fund managers wishing to reach British institutional investors.
These are cross-border markets that to date have not achieved the expected levels of penetration, particularly when considering the quality and performance of the fund managers in the respective countries and the size and diversification of the respective investment markets.
Eiger Advisors is a
Over the last five or six years there has been tremendous consolidation in the alternative fund administration space, with the likes of SS&C Technologies and Apex Fund Services acquiring specialist fund administrators. At the same time, the industry has continued to witness a race to zero, as service providers look to drive down costs – and offer more competitive pricing – using the latest technology innovations to win client mandates. This is fine at the larger end of the spectrum but for smaller fund administrators, these margin pressures are harder to absorb.
As risk in all its many forms continues
Investors must change their approach to hedge funds amid structural headwinds facing the industry, according to a new research paper by Willis Towers Watson.
In its paper, ‘The New Way’, Willis Towers Watson argues that the competitive advantage delivered by hedge funds is being eroded by structural, rather than just macroeconomic, constraints; principally the industry’s focus on “enterprise risk” rather than investment risk.
The sustained equity bull market and muted volatility have contributed to lower alpha in recent years, yet data suggests that hedge funds are not assuming sufficient risk to deliver attractive performance in any environment:
As
The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Kevin Crepeau, of Chicago, Illinois, a trader at a proprietary trading firm, for engaging in spoofing in the Chicago Mercantile Exchange (CME) soybeans futures market.
James McDonald (pictured), CFTC’s Director of Enforcement, says, “As this case shows, we will continue to work tirelessly to preserve the integrity of our markets, and to protect those who rely on them to hedge their business risk – like the farmers and ranchers who participated in the agricultural markets at issue here. In pursuing this goal, we will continue
Cayman-based alternative fund governance specialists, Danesmead Partners, has appointed former FRM Head of Operational Due Diligence Haliday Casey to join the London office as a principal of the firm.
Haliday (pictured), will provide independent directorship services as well as bespoke consulting services to asset management businesses, family offices, institutional investors, fund administrators, and other connected service providers.
With over 11 years’ experience at Man FRM, including four years as Head of Operational Risk, chair of FRM’s Independent Valuation Committee, a member of the Investment Committee and Co-Chair of the Risk Committee, Haliday assessed and monitored the business, legal, financial
Warrington Asset Management (Warrington) has launched the Warrington Strategic UCITS Fund on the MontLake UCITS Platform.
The Warrington Strategic UCITS Fund seeks to generate attractive absolute returns, non-correlated to traditional equity and bond markets, by investing in a portfolio of options on the highly liquid S&P 500 futures market. Warrington employs both technical and fundamental analysis to determine certain potential trading ranges for the S&P 500. Warrington then deploys a portfolio of options spreads, both long and short, on S&P 500 futures. Given the liquid nature of the S&P 500 options on futures market, Warrington is able to offer this UCITS product
PEGAS, the pan-European gas trading platform operated by Powernext, achieved its best trading results on its spot segment in 2018 by reaching 1,111.2 TWh, improving its previous record (826.2 TWh in 2017) by over 34 per cent.
The total traded in 2018 amounted to 1,962,9 TWh , including 846.2 TWh on the futures and 5.5 TWh on the options segments, which was fairly stable compared to 2017 (1,977.3 TWh). Overall, TTF remained the most liquid hub on PEGAS with 1,068.0 TWh followed by NCG (260.6 TWh) and PEG (181.3 TWh).
Dr Egbert Laege (pictured) , President of Powernext, says:
