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The Supervisory Board of European Commodity Clearing (ECC) has appointed Dr Götz Dittrich as a new member of its Management Board.
As of 1 January 2019, Götz Dittrich will take over the function of the Chief Operating Officer of ECC. At the same time, Iris Weidinger and Steffen Köhler will leave the ECC Management Board to focus on their mandates as CFO and COO of the European Energy Exchange (EEX).
Götz Dittrich joined ECC in 2013. As Director Clearing & Settlement, he is currently in charge of Risk Operations and Physical Settlement as well as the development of the clearing
When President Trump signed into law the Tax Cuts and Jobs Act (the Act) last December, one of the key points that the media focused on was the reduction in corporate tax from 35 per cent to 21 per cent; the biggest cut in more than three decades. This was big news for corporate America.
But as some rightly questioned, what would US corporations do with this tax windfall? Are they going to use it to invest more? If they do, it would likely lead to an immediate boost to growth, which could be inflationary in the short-term. Or are
ProMeritum Investment Management, an emerging markets fixed income manager focussed on Eastern Europe, Middle East and Africa (EEMEA), has appointment of Brian Seel, who spent the last eight years with the US Treasury Department, as Economist.
In this role at ProMeritum, Seel is primarily responsible for economic and policy analysis, idea generation and research. He most recently served as the Treasury Attaché to the US Embassy in Kyiv, Ukraine, where he was responsible for leading Treasury’s macroeconomic monitoring, financial sector policy and engagement efforts both in Ukraine and across the CIS region.
Pavel Mamai, Founding Partner of ProMeritum, says:
The slower than expected negotiating progress between the United Kingdom and the European Union and the ongoing uncertainty of the outcome has positioned Brexit as a top systemic risk concern for 2019, although cybersecurity and other geopolitical risks around the globe continue to dominate the risk landscape, according to a new survey published by The Depository Trust & Clearing Corporation (DTCC).
Close to half of respondents (49 per cent) cited concerns around the significant risks attributed to Brexit as one of the top 5 risks for industry in the coming year, as the March 2019 Brexit date quickly approaches. The
Alternative investment firm SkyBridge Capital (SkyBridge) and EJF Capital, a hedge fund and private equity fund manager, have launched the SkyBridge-EJF Opportunity Zone REIT (SOZ REIT).
The new REIT has a mandate to invest in US Treasury-certified Opportunity Zones, which are low-income communities where recycled capital gains can receive favourable tax treatment.
Opportunity Zone Funds present compelling investment case
The offering is structured as a private, non-exchange-traded REIT available to accredited investors at a minimum investment of USD100,000 with 1099 tax reporting and quarterly distributions. SOZ REIT is expected to be diversified by geography, property type, and developer, focusing on
AK Jensen Group (AKJ), a financial services specialist serving institutional and hedge fund clients globally, has appointed Sher Malhi as the company’s new Chief Financial Officer.
Malhi (pictured) joins AKJ as the group expands from its hedge fund origins into the digital assets domain.
“I am delighted to be joining a firm that is driven by innovation and excellence, with AKJ’s award-winning hedge fund platform and successful entry into the digital assets space, testament to this. I’m looking forward to working alongside such an exceptionally talented team and helping to strengthen AKJ’s market leading position,” says Malhi.
Malhi brings a wealth
Global credit investment manager, Bentham Asset Management, has added the Bentham Asset Backed Securities (ABS) Fund to the ASX mFund Settlement Service under the code BAM06.
The Bentham ABS Fund joins Bentham’s Professional Global Income Fund, Professional Syndicated Loan Fund and High Yield Fund, which were made available via the ASX mFund service in 2014 and 2015.
Bentham Asset Management CIO and Principal, Richard Quin (pictured), says the ABS fund was created to provide investors with access to a global floating-rate income strategy which targeted real returns over cash with a low amount of default risk.
“As at
PGIM Investments continues to expand its global UCITS footprint with the addition of its first ESG equity fund which joins a number of fixed income funds incorporating an ESG process.
Sub-advised by QMA, the actively managed PGIM QMA Global Core Equity ESG Fund evaluates the ESG status of every security in the global core equity universe and integrates these insights into the fund, aiming to avoid the worst ESG offenders while maintaining performance expectations.
PGIM Investments is the global manufacturer and fund distributor of PGIM, the USD1 trillion global investment management business of Prudential Financial. QMA is PGIM’s quantitative
Bourse Scot Limited, the company aiming to create a stock exchange in Scotland, has selected Optiq, the trading platform of the pan-European Exchange Group, to power the new venue.
The arrangement enables Bourse Scot’s initiative – known as Project Heather – to benefit from Euronext’s technology, which has been running Euronext’s own markets since June of this year. Euronext will also provide Bourse Scot with technical and operational services once the new stock exchange is live. The Scottish Stock Exchange aims to be ready for trading in the second half of 2019.
Tomas Carruthers, Chief Executive of Bourse Scot,
The global hedge fund industry returned -0.31 per cent in November, bringing year-to-date returns to -2.81 per cent and marking the fourth consecutive month of negative industry returns, according to the just released eVestment November 2018 hedge fund performance data.
The negative 2018 YTD numbers are in stark contrast to the +8.96 per cent aggregate return the industry saw in 2017. And while almost all segments of the hedge fund industry put up positive results in 2017, The vast majority of fund types are negative so far this year.
Among primary hedge fund markets, Volatility/Options Strategies were the only
