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Global law firm Goodwin has appointed John Servidio as partner in its Capital Markets group in New York.
Servidio represents banks, investment funds and issuers in structuring corporate derivative, equity and equity-linked capital markets transactions. He assists clients with hedging structures involving equity, interest rate, foreign currency, energy and commodity derivatives. He also advises dealers, asset managers and corporate clients on resolving issues related to the Dodd-Frank Act, as well as Commodity Futures Trading Commission and Securities Exchange Commission rules and regulations.
Servidio’s previous experience includes serving as assistant general counsel at Bank of America Merrill Lynch and as
New analysis from data provider instiHub reveals that Europe’s sub-advised fund assets have outgrown those of the broader fund market by 45 per cent over the 12 months to September 2018.
At the same time as the broad UCITS and AIF fund market (as reported by EFAMA) has grown by 6.5 per cent in the 12 months to September 2018 (from EUR13,921 to EUR14,822 billion), sub-advised fund assets grew by 9.4 per cent from EUR506 billion to EUR554 billion. The numbers exclude money market funds and those domiciled in South Africa (included in the instiHub data application) to enable a
UCITS and AIFs recorded net sales of EUR 40 billion in Q3 2018, up from EUR31 billion in Q2, according to the latest Quarterly Statistical Release from The European Fund and Asset Management Association (EFAMA).
Equity, multi-asset funds and other funds registered net inflows of EUR17 billion, EUR20 billion and EUR27 billion, respectively. Bond and money market funds meanwhile recorded net outflows of EUR 10 billion and EUR14 billion, respectively.
UCITS registered net sales of EUR3 billion in Q3 2018, compared to EUR15 billion in Q2. Long-term UCITS, ie UCITS excluding money market funds, recorded net inflows of EUR16
Global fund administrator HedgeServ, and Hazeltree, a provider of integrated buy-side treasury management solutions, have expanded their existing partnership.
Powered by Hazeltree’s platform, HedgeServ will deliver comprehensive treasury and portfolio finance technology and operational support, as part of its enhanced middle-office treasury services to alternative fund managers.
Building upon their existing successful partnership around wires and OTC collateral management, HedgeServ and Hazeltree are responding to client demands for comprehensive treasury and portfolio finance solutions.
As part of this expanded partnership, HedgeServ is hosting Hazeltree’s entire suite of products and complementing them with integrated middle office outsourcing and operational
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 26 per cent to 349.5 TWh in November (November 2017: 276.6 TWh).
This was driven partly by a threefold increase in Phelix-DE futures to a volume of 222.6 TWh as well as power futures for Spain, which more than doubled to a volume of 11.2 TWh.
On 12 November 2018 EEX introduced a range of short-term products on the power derivatives. Market participants can now trade cleared Romanian week contracts as well as day and week contracts in Dutch and Czech Power. Until the end of
Northern Trust has added private market capabilities to supplement the recently launched ArcLine Alternatives platform for the firm’s wealth management clients.
The private market investment offering, developed with alternative investment technology firm Artivest, better enables Northern Trust’s qualified wealth management clients to take advantage of a carefully curated list of leading alternative funds to meet their changing, and increasingly sophisticated, asset allocation and portfolio diversification needs through an integrated cloud-based subscription and reporting platform.
“Northern Trust is committed to delivering quality alternative investment opportunities for our clients in the most efficient and secure manner available. We are pleased to
Linedata, a provider of credit and asset management technology, data and services, is teaming up with leading quantitative analytics firm, Trade Informatics (TI) to launch a new suite of execution analytics.
Harnessing TI’s Strategic & Tactical Analytic Research & Trading (START), a broker neutral, intelligent trading engine, Linedata’s clients are now able to minimise cost and maximise performance by creating workflows that tie order source alpha directly to their execution strategy.
Linedata and TI’s integrated offering provides actionable intelligence by combining analytics and trading. Powered by START, Linedata’s OMS now aligns TI’s advanced pre-trade cost estimates with the client’s
Highvern has appointed Emma Syvret as Assistant Manager in the firm’s Funds Team.
Syvret (pictured), has more than six years’ experience in the industry and joins from one of Jersey’s largest Funds and Corporate Services providers. She is currently studying towards ICSA CSQS, and with only two exams until she is a Chartered Secretary, she will be adding to the qualifications already held by the team at Highvern.
Aidan O’Flanagan, Head of Funds, says: “Emma’s background and track record with clients is impressive and we are delighted that she has chosen to progress her career at Highvern. She brings
By Don Steinbrugge, Agecroft Partners – An article recently published about the grossly underfunded Kentucky State Retirement System suggests that gambling on high fee hedge funds and private equity funds, and the use of placement agents, were primarily to blame. For many readers, it was likely a persuasive article.
Quotes from scared retirees who have dedicated their lives to public service and are now rightly worried about their retirement benefits would pull on anybody’s heartstrings. The article was also potentially quite dangerous because it was fraught with inaccuracies and prejudices that, if taken as fact, could have severe negative effects
The Swiss Federal Council has adopted an ordinance that introduces a new “recognition regime” for foreign trading venues which trade Swiss shares.
The ordinance has been adopted due to the fact that the EU Commission has not yet decided to extend the equivalence recognition of Swiss legal and supervisory framework for trading venues with that of the EU.
SIX welcomes the contingency measure of the Swiss Federal Council, which it sees as a measure to protect the functioning of the Swiss stock exchange infrastructure, as it ensures that EU market participants continue to have access to the Swiss
