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Andrew Strange, PwC director, comments on this morning’s FCA Asset Management Market Study policy statement and consultation…
The FCA has struck a pragmatic balance between prescriptive rules and flexible guidance, and the rules should be welcomed by the industry and consumers.
Delivering value for money for investors has always been a key tenet of the asset management industry. Changes to focus on wider value, rather than just charges, will better enable firms to demonstrate this value to their customers, although the new public statements could risk overloading consumers with information. However, updating guidance to make it easier for firms
Katey Bogue has joined eVestment, a global leader in institutional investor data and analytics, as Head of Private Markets. She will be responsible for leading the growth and development of eVestment’s private markets solutions.
This will include expanding eVestment’s private markets database and growing the company’s market intelligence, analytics and due diligence solutions for private markets general and limited partners.
Bogue (pictured), joins eVestment from Nasdaq, eVestment’s parent company, where she served as Head of Alternatives for Nasdaq Private Market. Her appointment illustrates the opportunities to share expertise and personnel between Nasdaq and eVestment that made eVestment an attractive
CLS, a market infrastructure group delivering settlement, processing and data solutions, and NEX are extending the triReduce CLS FX service to third parties.
Banks, funds, non-bank financial institutions and multinational corporations that settle in CLSSettlement through a settlement member are now able to join the compression service, benefiting from reduced counterparty exposures and operational risk mitigation. Third parties will participate in the same compression cycles as CLS settlement members. After a compression proposal has been accepted, third parties will process the results of compression through their settlement members.
NEX’s triReduce and CLS pioneered the triReduce CLS FX service to
Abel Noser Holdings is acquiring Zeno Consulting Group, a provider of best execution analysis, regulatory and trade surveillance services.
Zeno has over three decades of experience in helping asset owners manage and control equity, fixed income and FX trading costs.
“We are thrilled to have the Zeno team join our efforts to provide the most comprehensive suite of products available for asset owners,” says Ted Morgan, CEO of Abel Noser Holdings. “This joining of talent not only brings leading-edge expertise to our firm but will further expand on our ability to offer trade analytics and regulatory reporting to
Renowned AI commentator, Nick Bostrom, is confirmed to speak at both Jersey Finance flagship fund and private client conferences in London this April.
Bostrom’s book, ‘Superintelligence’ has been praised by some of the most respected voices in technology and science and has been cited by the likes of Stephen Hawking, Elon Musk and Bill Gates in the debate over AI.
In just under one month’s time, Jersey Finance will welcome Bostrom alongside a host of experts from the private wealth and funds industries to address delegates at their flagship conferences in London on 24 and 25 April 2018.
Mercury Capital Advisors, a global placement agent specializing in alternative investments, has appointed industry veteran, Reymundo Calcano, as Chief Financial Officer, effective immediately.
In his new role, Calcano (pictured), will report to Chief Executive Officer, Michael Ricciardi, and will lead the Mercury Capital Advisors’ finance team.
Calcano brings over 15 years of financial leadership and management experience to the Company. Prior to joining, Calcano served as Head of Finance and a member of the Executive Committee for Brevan Howard US. During his tenure at the firm, he worked as Finance and Operations Principal for Brevan Howard’s FINRA member broker-dealer
PEGAS, a pan-European gas trading platform operated by Powernext, has recorded another high on its spot segment with 133.4 TWh in March 2018 (previous record: 112.4 TWh in February 2018).
Increased balancing needs due to a colder than usual start of Spring and various outages were determining factors in the overall spot volume increase. Monthly records were established on TTF, GASPOOL, PEG Nord, CEGH VTP, ZTP and TRS. The total monthly traded spot and futures volume amounted to 186.8 TWh, up 12 per cent from last year (March 2017: 166.6 TWh). Additionally, PEGAS’ new OTC Options registration service saw 527
Asian hedge fund platform OP Investment Management (OPIM) has partnered with Longrising Asset Management (Longrising) to launch the Longrising Prosperous China Fund, a Cayman-domiciled hedge fund for Professional Investors only.
The Fund will replicate Longrising’s strategy in the China A-share market partially, and deploys a top-down, long-short strategy mainly investing in China-related equities listed in China, Hong Kong, and United States stock markets to achieve long-term capital appreciation under a controllable risk level. The investment process begins with reviewing the economic cycle to adjust overall exposure, which allows the fund to enjoy the growth while control the downside risk. Plus
Intertrust in Jersey has appointed an experienced director in its Performance & Reward Management team.
Melissa McConnell joins Intertrust as a client director, heading up the Deferred Compensation team. She will manage a range of client portfolios, providing trustee and administration services to those clients that are required to defer their bonuses for regulatory or company specific reasons.
The team’s clients include asset managers, private equity companies, hedge funds, private companies and large listed companies. In addition to this, McConnell will develop the team’s service offering further and undertake business development.
McConnell has 16 years’ experience in offshore trust administration
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported a 21 per cent increase in revenue in Q1 2018 compared with the same period in 2017.
The growth is attributed to winning a large number of new clients for its signature AbacusFLEXä IT-as-a-Service solution as well as new application hosting clients. Abacus Group also recently announced it has tripled its UK client base and was selected by TraderTools to host its FX trading network in the Abacus Private Cloud in both the US and the UK. Over the last 10 years since
