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Apex Fund Services (Apex) is rebranding Equinoxe Alternative Investment Services’ Bermuda entity as Apex Insurance Fund Services. This change reflects Apex’s established 15 year presence and comprehensive offering in the Bermuda market.
Apex announced its acquisition of Equinoxe Bermuda in May last year in conjunction with the support of Genstar Capital to recapitalise the company.
Apex Insurance Fund Services will be led by Matthew Charleson, who joined the Group as Head of Insurance Fund Services in 2017. He previously served as Head of Fund Administration Services at Kane LPI Solutions.
“The successful re-brand of Equinoxe Bermuda to ‘Apex
Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management (IM), has held the final close of Clareant Structured Credit Opportunities Fund III at USD513 million, surpassing its fundraising target of USD300 million.
This fundraising brings assets under management for Alcentra’s structured credit platform to over USD4.5 billion across a combination of open and closed end funds and separately managed accounts, and firm AUM to USD37.4 billion.
The Fund’s objective is to generate attractive absolute and risk-adjusted returns through opportunistic investing in structured credit debt and equity securities in the US and Europe. The Fund’s investors include leading
Neuberger Berman has moved into the broader specialty finance industry with the formation of Neuberger Berman Specialty Finance group (NBSF). The firm manages USD299 billion in assets, of which USD60 billion is alternative investments for institutions and individuals.
NBSF seeks to identify assets within the consumer, small business, and bridge loan segments in order to build short duration, income producing credit portfolios for its clients. The group will partner with high-quality originators who have strong underwriting and servicing capabilities. Utilising the latest financial technology, NBSF will strive to create diversified portfolios with robust risk protection. The group will leverage
SteelEye, a compliance technology and data analytics firm, and MAP Financial Technologies Limited, (MAP FinTech), a specialist in regulatory reporting solutions, have formed a research and development partnership.
The partnership will focus on the two firms’ complementary areas of regulatory reporting, specifically relating to EMIR, MIFID-II/MIFIR and Best Execution solutions.
SteelEye has developed an intelligent data engine with analytics that provides insights to firms beyond the regulatory dimension with an ability to view, search and analyse structured, unstructured and semi-structured data through a single lens. This makes regulatory reporting simple and seamless to implement, providing a competitive advantage to
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 12 per cent in April 2018 to 246.6 TWh (April 2017: 220.7 TWh).
In particular, the markets for Italy (38.8 TWh, +100 per cent) and France (19.8 TWh, +48 per cent) contributed to this development. Also the smaller markets for Spain (7.2 TWh, +54 per cent) and the Netherlands (4.3 TWh, +358 per cent) recorded significant growth. In Options on Phelix-DE Futures, at 36.7 TWh, EEX achieved the highest volume since the launch of this product.
The April volume comprised 158.3 TWh traded at EEX via
First Names Group has appointed four client service directors to its offices in Guernsey, Jersey, Singapore and Switzerland. All appointments are effective immediately.
To its Private Client service line, First Names Group has appointed Sean Breslin in Geneva, Carola Zoni in Guernsey and Mike Pownall in Jersey.
Breslin has worked in the fiduciary sector in Switzerland for 15 years and has considerable experience managing teams administering trust structures for the UK, non-resident Indian, Middle Eastern, Latin American and South African markets. He has achieved the Swiss Advanced Certificate in Trust Management (SACTM), a Society of Trust and Estate Practitioners
Neudata has appointed alternative data specialist Ian Webster as a Senior Vice President.
In this London-based role Webster (pictured), will focus on building relationships with the firm’s savvy buy-side investment management clients, as well as the expanding roster of alternative data providers seeking to monetise data.
“I am delighted to join the incredible team at Neudata. Neudata have a fascinating position at the epicentre of the explosion in the number of funds using independently-produced research and data,” says Webster. “In particular I’m excited about Neudata’s opportunity to evolve the fragmented network of alternative data providers and investors into a
The inaugural Rocktoberfest London is due to take place on 6 June at 8 Northumberland Avenue.
Like it’s Stateside sister events in New York and Chicago, this charity fundraiser, which features performances by bands whose members all work in the hedge fund industry, is in aid of the prosthetic limb charity A Leg To Stand On (ALTSO). The confirmed London line-up includes bands from Apple, PAAMCO and Lombard Odier.
Last year’s concerts in the Big Apple and the Windy City raised nearly USD900,000 for the charity, helping to treat over 16,700 children with limb disabilities in Asia, Africa and Latin America.
River and Mercantile Derivatives, part of River and Mercantile Group, has been awarded a GBP1.2 billion structured equity options mandate for Worcestershire County Council Pension Fund (the Fund).
The Fund was seeking downside protection for its passive UK, US and European equities, with a combined market value of approximately GBP1.2 billion. De-risking by moving from equities to other asset classes at this stage of the cycle would have reduced return expectations for the Fund and impacted the affordability of future benefits to members. Instead, the Fund determined that an equity protection solution would be the most suitable way to maintain
As the latest addition to Theorem’s expanding platform, PortfolioScience’s RiskAPI provides interactive, on-demand risk analysis for asset managers and hedge funds.
Theorem Technologies’ SaaS platform streamlines post-trade workflows by delivering value-added tools and analytics that run on a consolidated dataset across an organisation’s brokers and counterparties.
With this integration, Theorem customers can now generate Value-at-Risk (VAR), multi-dimensional stress testing, exposure analysis, and options analytics across portfolios, sub-portfolios, and individual positions. Users can also interact with powerful views of risk in order to better track intraday portfolio activity.
“Adding VAR and other risk measurements is part of our strategy to
