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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
Local Pensions Partnership has launched the LPP I Fixed Income Fund, its inaugural fund dedicated to investing in fixed income as an asset class.
The fund aims to deliver optimal long-term risk-adjusted returns, capitalising on opportunities in the global fixed income market, with a strong focus on capital preservation. It will invest predominately in higher credit quality, highly liquid fixed income instruments across geographies, instrument types and maturities. The fund is aimed at capturing and enhancing risk-adjusted returns, irrespective of market conditions.
It provides LPP’s two full-service clients, the Lancashire County Pension Fund (LCPF) and the London Pensions Fund
Brisbane-based emerging manager WPT has just launched its first flagship fund, WPT Alpha Fund a purely quantitative long/short equity fund with the objective of achieving an absolute return uncorrelated to the S&P 500 index.
The model-driven approach is designed to utilise the momentum effect of securities, this strategy is focused on delivering alpha to all investment partners and outperforming under all market conditions in 2017 that strategy would have delivered 14 per cent net return with a Sharpe ratio of 2.74 and a max drawdown of 2.6 per cent with one billion dollars in the fund.
“We were initially
OppenheimerFunds has partnered with the Chartered Alternative Investment Analyst (CAIA) Association to develop specialised alternative investment training for the firm’s client engagement teams and further serve the needs of high net worth (HNW) clients.
In October 2017, OppenheimerFunds announced a joint venture with The Carlyle Group to provide global private credit solutions and deliver long-term income capabilities to HNW investors. The specialised alternative investment training from CAIA will be its first comprehensive program to include private credit focused education and will be made available to OppenheimerFunds consultants serving HNW teams as part of the joint venture initiative.
“Bringing the highest
