Latest News
Abi Oladimeji, Chief Investment Officer at Thomas Miller Investment, provides his current views on the major asset classes, and the possible impact of ongoing uncertainty on sterling…
We continue to believe the balance of macro risks and opportunities warrants a neutral stance on the major asset classes relative to longer term strategic allocation and, therefore, we are maintaining broadly neutral asset allocation positions.
Equity markets are caught between the positive effects of robust growth and strong earnings and the negative influence of uncertainties about interest rate outlook and trade policy. Despite providing short term support, the strength in recent
2016 was an interesting year for those interested in the impact of cyber security incidents on asset valuations. USD350 million (7.2 per cent) was wiped off Yahoo’s purchase price after it disclosed several cyber security incidents during its acquisition by Verizon.
And Muddy Waters Capital shorted the medical implant manufacturer St Jude Medical (STJ) before releasing information about several serious security vulnerabilities in its core pacemaker products. The St Jude stock dropped over 10 per cent intraday, and Muddy Waters Capital ended the year with a 16 per cent gain.
The impact of cyber security incidents on asset valuation is
Charles River Development and Broadridge Financial Solutions have formalised a business alliance to enable better integration with the SWIFT network in the Charles River Investment Management Solution (Charles River IMS).
The recent SEC mandate to decrease settlement times from T+3 to T+2 is designed to enhance efficiency, reduce risk, and ensure a coordinated and expeditious transition to a shortened settlement cycle. With the migration to T+2, asset managers are challenged to manage settlement risk and ensure accurate records with custodians and prime brokers. Broadridge’s SWIFT solution, which is used by more than 100 clients globally, accelerates the adoption of industry
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.71 per cent in July, outperforming the -0.15 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Risk assets gained on the continued economic momentum provided by corporate tax reform and reduced trade tensions between US and Europe,” says Jason Schwarz
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.21 per cent gain in July. Year to date, the Index has lost 1.98 per cent.
“Although Managed Futures were able to register a small gain in July with 57 per cent of the underlying index constituents reporting profits, the dispersion of monthly returns was quite high, ranging from a 41 per cent gain down to a 15 per cent loss,” says Sol Waksman, founder and president of BarclayHedge.
Four of Barclay’s managed futures indices had gains in July, while six had losses. The Cryptocurrency Traders
Vistra, a global fund administration, trusts and corporate service provider, has completed the acquisition of the Corporate Services business of Deutsche Bank’s Global Transaction Banking division.
Following Vistra’s announcement of the deal in September 2017, the Corporate Services business will now be rebranded under the Vistra umbrella.
‘Corporate Services’ provides management and administration of Special Purpose Vehicles and asset holding companies to banks, non-bank financial institutions and corporates. The business specialises in the administration of structures for: Structured Finance transactions (Collateralized Loan Obligations, Collateralized Debt Obligations, Securitisations, Mortgage-Backed Securities); Aircraft Leasing; Commercial Real Estate holding; and Investment Funds (mainly private
The Eurekahedge Hedge Fund Index gained 0.41 per cent during the month of July, kicking off the second half of the year on a positive note, despite trailing behind the MSCI AC World Index (Local) which rallied 2.59 per cent over the same month.
Despite the trade friction between the US and China showing no signs of slowing down, North American equity markets posted notable performance on the back of the second quarter earnings season which saw strong earnings from major corporates. The Eurekahedge North American Hedge Fund Index gained 1.17 per cent in July.
European fund managers were
Witold Bahrke, senior macro strategist at Nordea Asset Management, says Turkey is in a genuine currency crisis…
Turkey is in a genuine currency crisis, with the lira falling 30 per cent over three days. Fundamentally speaking, the reason for the Turkish meltdown is primarily a large current account deficit, which is 6 per cent of GDP, and reliance on outside capital.
Markets do not care if liquidity stays abundant but can turn toxic when global liquidity dries up due to higher interest rates, the Fed’s balance sheet shrinks, and the US dollar strengthens. Making things worse, there are serious doubts
Broadridge Financial Solutions has appointed Alastair McGill as General Manager of its Messaging, Reconciliation and Connectivity solutions business (MRC).
McGill (pictured), who has over 25 years of experience in the financial technology sector, will now hold responsibility for the strategy and execution of Broadridge’s MRC business. Based in London, he has global responsibility for this business. He reports to Tom Carey, President of Broadridge International.
Broadridge’s Messaging, Reconciliations and Connectivity solutions are designed to deliver operational efficiencies and business controls, while mitigating risk, for financial services firms ranging from asset and wealth managers to investment banks and broker dealers,
Traders around the globe now have access to a hybrid cryptocurrency derivatives trading platform, Blockchain Board of Derivatives (BBOD), which has launched in partnership with GMEX Technologies and is enabled by GMEX’s Fusion Technology Suite.
BBOD’s co-founder and CTO Chris Urbanowicz, who earned his PhD in econophysics, had devoted his academic and professional career to traditional economics and quantitative trading. After years of planning, development, and funding, Urbanowicz and his team have now launched the world’s first hybrid cryptocurrency trading platform.
Until now, cryptocurrency traders have had to choose between centralised and decentralised trading platforms, with no options
Special Reports
FeatureD
- Insight
