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Almost three-quarters (74 per cent) of institutional investors says their hedge fund portfolios met or exceeded their return expectations during 2017, according to Credit Suisse’s Tenth Annual Global Hedge Fund Investor Survey – Great Expectations.
This is a significant increase from the previous year, when only 30 per cent of investors were satisfied with the performance from their hedge funds allocations.
The survey reveals a strong investor appetite for equity-focused strategies in 2018 (eight out of the top 10 strategies), with investors indicating strong interest for a variety of equity focused approaches including: Emerging Markets Equity (33 per cent);
Independent fund administration specialist Circle Partners has expanded its presence in the Asia-Pacific region with the opening of a new office in Singapore.
The office, which opened for business in February, is being managed by Gerben Oldekamp.
This latest addition to the offices Circle Partners already has in Europe, the Caribbean and the United States gives the company a physical presence in all major time zones around the globe.
The average daily transaction value on the Euronext cash order book stood at EUR9,141 million in February, up 29.4 per cent compared to February 2017 and up 17.6 per cent from the previous month.
On 6 February 2018, Euronext daily volume reached a new record for the year, at EUR16,848 million, representing the 11th most active day since 2010.
The average daily transaction value on ETFs order book was EUR419 million, up 66.7 per cent compared to February 2017 and up 46.6 per cent from the previous month. At the end of February 2018, 803 ETFs were listed on Euronext
The European Energy Exchange (EEX) has won the Europe-wide tender of the German Environment Agency for the next German auction platform for CO2 emission allowances.
Starting on 15 November 2018 for a period of three years, with the option to extend the contract for another two years, EEX will continue to conduct weekly auctions of emission allowances in the framework of the EU emissions trading system (EU ETS).
“We are pleased about the trust which the German authorities place in us and about the further cooperation in the primary market auctions”, says Peter Reitz (pictured), CEO of EEX. “EEX
Since 2012, European direct-lending loan volumes have surged 120 per cent year-on-year, with an estimated 86 funds raising more than GBP50 billion.1 As Preqin noted in its Q2 2017 private debt report2, Europe had a total of USD39.1 billion of targeted capital.
This is encouraging news but there are reasons to be cautious, with some direct lending managers concerned by the rise of covenant lite deals and a perceived willingness to engage in risky lending activities to corporate Europe.
One of those managers is BlueBay Asset Management, one of the pioneers of direct lending who raised in excess of EUR3 billion
Koger has enhanced its compliance technology to provide a comprehensive tool for financial crime prevention. The company’s KURE software handles all aspects of Anti-Money Laundering and Know Your Client (AML/KYC) due diligence, as well as complete Customer Lifecycle Management (CLM).
Koger provides software for investor services, compliance and business process management, serving global financial institutions, banks and asset managers including hedge funds, private equity funds and mutual funds. The company’s technology supports more than 8,000 funds with USD2 trillion in assets.
The software is built on three interrelated states of compliance – onboarding, due diligence and off-boarding – and
EIP has appointed Daniel Turner as head of the firm’s investment team in Asia. Turner is responsible for the investment decisions across all EIP platforms; including the management of hedge funds, the Enhanced Funds series, and the firm’s Exchange Traded Funds platform, XIE Shares.
Previously, Turner (pictured), was head of Equity Derivatives Trading at Bank of America Merrill Lynch (BAML) in Hong Kong. Prior to BAML, Daniel held several roles over an eight-year span at Morgan Stanley in Hong Kong, with the most recent being Co-Head of Equity Derivatives Trading. Daniel started his career as an equity derivatives trader at
RiverRock has launched its digital Structured Products multi-dealer platform LinkedTrade, developed by its FinTech arm, RiverRock Technology Solutions.
LinkedTrade is a SaaS platform which enables Private Banks and Asset Managers to provide their clients with cutting-edge tools and ground-breaking solutions in designing and trading bespoke structured products.
LinkedTrade is designed to be easy to use, fast, highly scalable and can easily be connected and integrated with any in-house systems. It is adaptable and makes structured products accessible in any investment portfolios.
“New opportunities provided by artificial intelligence highlight the need to implement such solutions within our industry. We
Record Currency Management (Record) has signed both the FX Global Code and the LGPS Investment Code of Transparency.
The FX Global Code is a set of principles of good practice in the foreign exchange market that has been developed in partnership between central banks and market participants. It is intended to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of market participants, supported by resilient infrastructure, are able to transact confidently and effectively at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.
Cowen has appointed Matthew Ramsay and Krish Sankar as Managing Directors in the Company’s Technology, Media and Telecom (TMT) equity research team, playing key roles in the Company’s expansion of semiconductors and semiconductor capital equipment and IT hardware coverage.
Ramsay and Sankar are based in Cowen’s San Francisco office, reporting to Robert Fagin, Director of Research.
Cowen’s TMT team now spans 20 publishing analysts covering a broad scope of Technology, Media and Telecommunications stocks, credits and Washington policy issues affecting the TMT industry. Ramsay and Sankar will work alongside Cowen Senior Analyst, Karl Ackerman, who will continue to
