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BSO has become the first global network provider to offer direct connectivity to the India INX International Financial Services Centre (IFSC), enabling foreign investors to access the Indian market.
The IFSC is located in the Gujarat International Finance Tec-City (GIFT City) and, with the support of BSO, is aiming to attract the international financial community by providing domestic and offshore traders equal access to the wider global markets. Via the purpose-built trading destination for global traders, participants will benefit from a more level playing field and state-of-the-art connectivity into the country.
BSO has expanded its service into India INX
Monroe Capital has appointed Stewart Hanlon as Managing Director in its San Francisco office. He will co-lead the firm’s technology vertical alongside Mark Solovy.
“We are very excited to add Stewart to the Monroe Capital originations team,” says Tom Aronson, Managing Director & Head of Originations of Monroe Capital. “Stewart has an accomplished career of over seven years providing financing solutions to middle-market companies and brings with him many great relationships and a wide range of experience across the technology industry.”
“He will help us continue to grow our robust direct origination platform that we have built throughout the
Despite a lot of bluff and bluster and gnashing of tweets, US President Donald Trump was unable to provoke a spike in OPEC oil supply at OPEC’s Algiers meeting over the weekend, says Richard Robinson, manager of the Ashburton Global Energy Fund…
OPEC’s power does not rest in the oil it produces, but rather in the oil it does not produce. Without spare capacity, OPEC is relatively impotent in relation to preventing rising prices.
Following four years of collapsing international capital spend, Trump’s removal of the world’s fifth largest oil producer, Iran, from the market – with sanctions to be
Greenberg Traurig has expanded its Corporate and Investment Funds practices with the addition of Petros (Peter) L Tsirigotis as shareholder in its Washington, DC and New York City offices.
Tsirigotis joins from Stradley Ronon, where he was co-chair of the firm’s Private Investment Funds Practice. Before that, he served as senior vice president at Brown Brothers Harriman & Company, where he led the investment management funds risks, operations, and governance group.
Tsirigotis advises financial institutions, asset managers, investment advisers, and institutional investors, helping them to develop and maintain financial products while navigating the regulatory landscape. He has served in
Boutique asset manager Unigestion has strengthened its cross-asset solutions team with the recent appointments of Salman Baig and Joshua Seager as investment managers.
Baig joined Unigestion earlier this year from Bridgewater Associates, where he was an Investment Associate & Engineer focussing on fundamental macroeconomic research, portfolio construction and risk management. Prior to Bridgewater, he was a Post-Doctoral Researcher in the mathematics department at the University of Washington and a member of the Research Team at the Institute for Defense Analyses in the US. Baig holds a Bachelors’ in Mathematics and a Masters in Finance from Princeton University and a PhD
On 19 September 2018, the UK Parliament’s Treasury Select Committee published a unanimously-agreed report on crypto-assets for its Digital Currencies inquiry which likened the current cryptocurrency situation to the ‘Wild West’, something Long Finance is looking to help ‘tame’ with its Eternal Coin project.
The report concluded that “the UK Government and financial services regulators appear to be deciding whether they will allow the current ‘wild west’ situation to continue, or whether they are going to introduce regulation. The current ambiguity surrounding the Government’s and the regulators’ position is clearly not sustainable.”
UK Treasury Committee urges regulation for ‘Wild
Victory Capital is to acquire Harvest Volatility Management (Harvest), a specialist in derivative asset management with approximately USD12 billion in assets under management (AUM) as of 31 July 2018.
On the closing of the transaction Victory Capital will have approximately USD75 billion in firm-wide AUM, including approximately USD16 billion, or 21 per cent of total AUM, in its Solutions Platform strategies.
Harvest, which is based in New York City, was founded in 2008 by Chief Executive Officer and Portfolio Manager Richard L Selvala, Jr and Managing Partner and Chief Risk Officer Curtis F Brockelman, Jr. Harvest has established a
The SS&C GlobeOp Forward Redemption Indicator for September 2018 measured 3.35 per cent, up from 2.73 per cent in August.
“SS&C GlobeOp’s Forward Redemption Indicator was 3.35 per cent for September 2018, a strong result. On a year-over-year comparative basis, the Forward Redemption Indicator of 3.35 per cent reflects lower redemption notices than the 3.72 per cent reported for same period a year ago,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This favourable level of redemptions continues a trend we have seen, year-over-year improvements in 17 of the past 21 months.”
The SS&C GlobeOp Forward Redemption
BNY Mellon Investment Management is to wind down EACM Advisors (EACM), its multi-manager and fund of hedge funds investment manager, as a standalone business.
EACM managed USD3.9 billion in a combination of long-only and fund of hedge funds strategies. EACM’s fund of hedge funds strategies (USD2.1 billion) will be closed to new investors and existing capital returned to investors in an orderly manner as investments are able to be redeemed. As part of this change, management recommended and the Dreyfus Fund Board approved the liquidation of Dreyfus Select Managers Long/Short mutual fund, for which EACM is the portfolio allocation manager.
While hedge funds’ performance and alpha were ‘honourable’ until the summer, analysis by Lyxor suggests that they erased about 2.5 per cent of alpha since June, with no turn in sight yet in September.
Lyxor writes: “L/S Equity funds were the primary culprits and victims. In the US, managers have steadily reduced their overall net exposure and leverage since Q2. As a result, they partially missed the summer rally. The plunge in Momentum also cost in June, only partially recovering afterwards. Stock selection in the heavyweight tech, healthcare and cons. discretionary sectors didn’t help enough. In Europe, funds adequately reduced
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