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The SS&C GlobeOp Forward Redemption Indicator for January 2019 measured 2.70 per cent, down from 4.86 per cent in December.
“SS&C GlobeOp’s Forward Redemption Indicator of 2.70 per cent for January of 2019 reflects a year-over-year increase from the 2.20 per cent reported for the same period a year ago for January 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Redemptions and related data points have fluctuated since market volatility ramped up this past fall, but have remained generally favourable.”
“Noting that some of the factors contributing to this volatility have eased in recent weeks,
RWC Partners is to launch a new fund, the RWC Next Generation Emerging Markets Fund, for its Emerging & Frontier Markets team, after seeing significant interest from investors.
The fund will be managed by James Johnstone (pictured), who, together with John Malloy, heads up RWC’s Emerging & Frontier Markets team, and will follow an existing strategy managed by the team since 2014.
The RWC Next Generation Emerging Markets Fund is designed to provide investors with unconstrained access to growth opportunities in the emerging and frontier market universe that are under-represented by current indices and funds.
James Johnstone, Portfolio
UCITS and AIFs registered net outflows of EUR38 billion in November, compared to net inflows of EUR1 billion in October, according to the European Fund and Asset Management Association’ (EFAMA) latest Investment Fund Industry Fact Sheet.
This development was mainly due to a turnaround in net sales of money market funds in both the UCITS and AIF markets.
UCITS recorded net outflows of EUR40 billion, compared to net outflows of EUR8 billion in October, with long-term UCITS (UCITS excluding money market funds) continuing to suffer from net outflows, albeit at a lower level (EUR27 billion, compared to EUR41 billion in October).
Net
Traiana, a provider of trade life-cycle and risk management solutions and part of CME Group, has introduced direct central clearing connectivity to the Hong Kong Exchanges (HKEXs) and Clearing’s OTC Clearing Hong Kong (OTC Clear).
Market participants can now access HKEXs OTC Clear service to clear USD/CNH and USD/HKD FX forward and swaps, via Traiana’s Clearing Hub (CCP Connect), which provides affirmation, matching and trade processing capabilities.
HKEXs OTC Clear Deliverable FX service can be used to mitigate settlement risk which arises when payments and receipts of different currencies occur at different intervals during a standard bilateral settlement process. The
TransFICC, a specialist provider of low-latency connectivity for Fixed Income and Derivatives Markets, has appointed Godfried De Vidts as Regulatory Affairs Advisor.
De Vidts (pictured), is an authority on European financial and political issues, engaging with the European central banks and treasuries, the European Commission and European Parliament. Throughout his career he has been a member of various official working groups such as: the ECB Contact Group on Euro Securities Infrastructures (Cogesi); the ECB Macroprudential Policies and Financial Stability Contact Group (MFCG); and the ESMA Secondary Markets Standing Committee Consultative Working Group.
Since starting his career in Financial Markets
Apex Group Ltd (Apex), and Institutional Shareholder Services (ISS) have partnered to deliver Environmental, Social and Governance (ESG) reporting to investment managers.
Apex, the world’s fifth largest fund administrator, and ISS, a provider of end-to-end governance and responsible investment solutions have joined forces to deliver ESG reporting capabilities to asset managers worldwide.
Under terms of the partnership, ISS ESG, the responsible investment arm of ISS, will partner with Apex to deliver ESG reporting capabilities to its global client base. The reports will allow Apex clients to measure the ESG performance of each of their portfolio companies through accessing ISS’
Confluence, a specialist in investment data management automation for regulatory, financial and investor reporting, has added CPO-PQR reporting capabilities to its Unity NXT Regulatory Reporting platform.
Form CPO-PQR requires that registered commodity pool operators file specific information about their firm and the pools that it operates with regulators on a quarterly basis. Confluence’s new Form CPO-PQR solution supports reporting to both the CFTC and the NFA on a wide range of required data, including investment strategy, asset classes, risk metrics, collateral, counterparty credit exposure, and the use and levels of leverage, among many other aspects of their operations.
Unity
Dash Financial Technologies, a capital markets technology and execution provider, has appointed Scott Patrick as Chief Financial Officer. Reporting directly to CEO Peter Maragos, Patrick will be responsible for leading financial operations and strategic planning for the firm.
Patrick (pictured), brings 25 years of experience in financial services and financial technology from his previous roles as an investment banker, an equity research analyst, and a strategic communications advisor. He joins Dash from Brunswick Group, where he served as a Partner, specialising in M&A transactions, IPOs and investor relations matters. Prior to Brunswick, Patrick was a Managing Director in the Financial
Transaction Network Services (TNS) has acquired Chicago-based market data, connectivity and hosting specialist R2G Services.
With this acquisition, TNS is now a unique full-service managed infrastructure provider that can meet the demanding needs of financial market participants through a single supplier relationship.
Founded in 2010, R2G has designed and built an industry leading market data and managed hosting platform. Acquiring R2G strengthens TNS’ portfolio of these services as well as enables the R2G solutions to be offered worldwide.
Mike Keegan, TNS’ Chief Executive Officer, says: “This acquisition is extremely exciting as it will benefit all of our combined
Due to high demand, the Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to professionals who investigate facts concerning investment programs, has extended the global testing period for its first Chartered Due Diligence Analyst (CDDA) test to 31 March 2019.
The IMDDA also announced the opening of registration for the preparatory course for those planning to pursue the new CDDA exam.
Announced in November 2018, the CDDA is an internationally recognised designation developed to ISO 17024 and ANSI accreditation standards that rigorously tests for aptitude and expertise in due diligence. Each person who passes the exam becomes
