Latest News
The FCA has released a statement on the selling high-risk speculative investments to retail clients following ESMA’s action on CFD products…
In June 2018, the European Securities and Markets Authority (ESMA) finalised temporary measures to restrict the sale, marketing and distribution of contracts for difference (CFDs) to retail clients. These measures apply across the EU from today.
We fully support ESMA’s measures, which are designed to protect retail investors.
In common with other regulators across Europe, we know that other products can create the same kinds of risks to consumers as CFDs, particularly where they expose the investor to significant
CreativeCap Advisors has launched an Institutional Investor-only Global Board of Advisors for the firm’s Global Emerging Manager Incubator, with the appointment of Hong-Kong based Mark Hibbs, Partner and Chief Executive Officer of Adamas Capital Partners.
“The search for the right Advisory Board members has been a comprehensive and strategic process. We want to ensure we are reaching every corner of the world. We are incredibly fortunate and humbled to have Mark Hibbs join our Advisory Board. His appointment signals our strong commitment to start-up funds based in Asia,” says Tyra S Jeffries, Founder and CEO of CreativeCap Advisors. “He brings
Alternative asset manager Man Group has reported ‘sustained growth’ during the first six months of 2018, with funds under management (FUM) reaching USD113.7 billion, up from USD109.1 billion as at 31 December 2017.
According to the group’s interim results, adjusted profit before tax for the period was USD153 million, an increase of 5 per cent over the USD245 million reported for the same period in 2017.
Net inflows meanwhile, totalled USD8.3 billion in H1 marginally up on the USD8.2 billion of inflows reported in H1 2017.
Luke Ellis (pictured), Chief Executive Officer of Man Group, says: “The first
Dash Financial Technologies, a specialist in order routing transparency, visualisation and customisation solutions, has appointed Stino Milito as Co-COO.
Reporting directly to CEO Peter Maragos, Milito (pictured), will be responsible for product strategy and leading Dash’s Institutional buy-side team, a growing group that works with the firm’s asset management and hedge fund clients to help craft highly-tailored trading solutions.
Milito is based in Chicago, where he leads the office along with Co-COO Tim Miller. This is his second stint with Dash, rejoining the firm from ED&F Man Capital Markets where he was Director of Trading, UIT. One of Dash’s
Event driven fund managers ended the first half of 2018 up 2.02 per cent, supported by healthy activities within the M&A sector, says Eurekahedge. However, the escalating tension between the US and China may pose as a headwind for event driven fund managers, as regulators become increasingly strict in approving big M&A deals.
Asian hedge funds were down 1.22 per cent as of June 2018 year-to-date, as they struggle under the pressure of global trade and political concerns. Fund managers focusing in China, India, and Korea posted losses of 4.38 per cent, 2.46 per cent, and 1.60 per cent respectively
HFR has launched the HFR Bank Systematic Risk Premia Indices, a family of indices including 40 which are ‘efficiently delineated along a nested matrix of established risk premia asset type and strategy’.
Risk premia strategies have experienced a surge in interest from both institutional and retail investors as a result of high liquidity and flexible tactical exposures. The universe of bank risk premia strategies surpassed USD700 billion in notional capital in 2018 and leverages a universe of over 1,200 risk premia products, according to HFR.
The HFR Bank Systematic Risk Premia Indices offer daily performance reporting categorically delineated across a
CryptoCompare, a global cryptocurrency market data aggregator, has entered into a strategic partnership with Thomson Reuters, a provider of news and information for professional markets.
Under the agreement, CryptoCompare will integrate order book and trade data for 50 coins, sourced from a wide variety of trusted exchanges, into Thomson Reuters financial desktop platform Eikon, providing institutional investors with reliable insight into the crypto asset market as a whole.
Thomson Reuters Eikon is a solution for consuming real-time and historical data, enabling financial markets transactions and connecting with the financial markets community. Its news, analytics and data visualisation tools help
IHS Markit’s trade processing service for OTC derivatives, MarkitSERV, is at the forefront of the use of new reference rates replacing LIBOR in derivatives markets.
The first wave of OTC derivatives trades using the new Secured Overnight Financing Rate (SOFR) used MarkitSERV to match, confirm and straight through process them for clearing and regulatory reporting. To date, seven major derivatives dealers have completed SOFR trades using MarkitSERV. These included both cleared and non-cleared, as well as party-to-party direct and SEF-executed trades.
“Helping our clients adopt new reference rates is a classic example of how we provide a highly reliable and
Resurgens Technology Partners has acquired InvestorForce from MSCI and is to merge it with portfolio company Investment Metrics. The combined investment analytics and reporting solutions business will cater for investment consultants, wealth managers and investment managers.
The transaction is expected to close within the next three months, subject to customary closing conditions. Terms of the deal have not been disclosed.
Resurgens says the merger will enable the combined business to provide investment tools for performance analysis, investment reporting, investment policy statements, peer benchmarking and competitive insights, leveraging the unique and substantial data assets of the combined company. The newly
Amiral Gestion, an independent asset management firm which bases its investment philosophy on value investing, has joined the Group of Boutique Asset Managers, GBAM.
GBAM is an international grouping of small and medium-sized specialist asset management firms who share the objective of strengthening their presence in international markets.
Amiral, which has offices in Paris, Madrid and Singapore and is planning to expand its business in Italy, joins a select group of international boutiques. Joining GBAM enables it to exchange information while cooperating and identifying best practices in international business development.
François Badelon (pictured), founder of Amiral Gestion, says:
