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Lee Hodgkinson, Head of Markets and Global Sales of Euronext and CEO of Euronext London Ltd, has decided to pursue a new professional project.
Hodgkinson (pictured), will leave in April after more than nine years with the company, to serve as CEO of OSTC, a London-based proprietary trading firm which operates from 14 offices around the world. Hodgkinson will actively participate in the transition process during his notice period.
Euronext says it will take all necessary measures to ensure the transition is conducted in a smooth and orderly manner and the Managing Board remains strongly committed to the achievement
Net flows into the hedge fund industry in 2017 ended at USD30.13 billion, with total industry AUM at the highest level on record, according to eVestment’s Hedge Fund Industry Asset Flow Report for December/Q4 2017.
The industry also saw the lightest level of redemptions in December since 2010, unloading USD8.35 billion.
The report reveals that macro fund flows were negative in December for a fourth consecutive month, while equity strategies dominated industry flows in 2017, with investors aggressively allocating to alternative equities strategies. The inflow of USD30 billion was the third highest post-2008 to equity strategies (behind 2014 and 2010).
The Alternative Credit Council (ACC), the private credit affiliate of the Alternative Investment Management Association (AIMA), has stepped up its activities in Asia-Pacific for members operating private credit strategies in the region.
As part of the expanded activity, a new APAC Committee of the ACC has been formed, co-chaired by global ACC Board members Justin Ferrier of BlackRock and Barry Lau of Adamas Asset Management.
The ACC is already active in the US and European markets, and the formation of the APAC group will consolidate the association’s position as the voice of the global private credit sector.
The
Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, has appointed Brian E Binder has been appointed as a Senior Managing Director and Chief Administrative Officer. He is based in Guggenheim’s Chicago office.
Binder (pictured), has over 24 years of experience in the asset management industry. He joins Guggenheim Investments from Deutsche Asset Management, where he was a Managing Director, President of the Deutsche Funds and Head of US Product, Trading and Fund Administration. Previously, Binder was Head of Business Management and Consulting at Invesco, where he served as Chairman of the US Executive Management Committee.
GMEX Technologies Ltd (GMEX), a provider of multi-asset exchange and post-trade business and technology solutions, has launched GMEX Fusion, an integrated centralised and distributed solutions set.
GMEX Fusion combines the established GMEX centralised technology – currently live in multiple exchanges and post trade venues, such as Hanoi Stock Exchange and Vietnam Securities Depository – with the latest Blockchain technology. Delivering state-of-the-art, hybrid trading and post trade solutions for exchanges, clearing-houses, central securities depositories and electronic warehouse receipts operators, taking advantage of the inherent positive characteristics of both.
Fusion has been created to support the latest technology and business challenges impacting
Broadridge Financial Solutions has launched its new Repo Order Quote (ROQ) solution, a multi-market aggregation and execution tool for repo markets, which is now in use with a major European bank.
ROQ allows repo traders to view liquidity and pricing across multiple electronic marketplaces. The system enables traders to see demand and availability for each term, security, or basket of general collateral securities and also provides the ability to quote and execute on an aggregate basis. ROQ provides traders a competitive advantage by helping them implement their trading strategies more effectively via real time inventory optimisation and revenue analysis
O’Shaughnessy Asset Management (OSAM), a quantitative money management firm with approximately USD6.9 billion in assets under management (AUM) and assets under advisement (AUA), has named Patrick O’Shaughnessy, CFA (pictured), as the firm’s CEO.
He succeeds Jim O’Shaughnessy, OSAM’s founder, who remains in his role as Chairman and Chief Investment Officer.
Patrick O’Shaughnessy, previously principal and portfolio manager at OSAM, assumes all CEO responsibilities while working in close coordination with Jim O’Shaughnessy during a transition period that is expected to be complete by the end of March 2018. After that, the father and son will continue to work side-by-side, with
CIFC, a credit manager specialising in US corporate and structured credit strategies, has appointed Jay Huang as a Managing Director, Senior Portfolio Manager and Head of Structured Products Investments.
Huang (pictured), will oversee CIFC’s structured products investments business.
CIFC says Huang’s appointment is a key strategic move that will further bolster the firm’s investment expertise and market presence in the structured products space.
Previously, Huang served as Managing Director and Global Head of CLO, CDO and Distressed SIV Trading for Citigroup Global Markets, a business he built to become the top revenue-generating business within the firm’s Structured Credit
Powernext and the Ukrainian gas network operator PJSC UKRTRANSGAZ have signed a Memorandum of Understanding (MoU) to evaluate possibilities for future cooperation.
Powernext would bring its European experience in offering market-based tools to infrastructure operators while PJSC UKRTRANSGAZ would bring its knowledge of the Ukrainian gas market.
Today, the national yearly gas consumption of Ukraine is the largest in Eastern Europe with a volume of about 33 bcm. Ukraine is currently liberalising and modernising its gas market, progressively making it compliant with the European Third Energy Package. In this context, market-based mechanisms are increasingly needed in Ukraine to support the
The SS&C GlobeOp Forward Redemption Indicator for January 2018 measured 2.20 per cent, down from 4.18 per cent in December.
“SS&C GlobeOp’s Forward Redemption Indicator for January was 2.20 per cent, down from 2.60 per cent for the same period a year ago for January 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This very favourable result marks the twelfth consecutive month of improvement in year-over-year redemption notices. Hedge funds are beginning 2018 with strong tailwinds with respect to asset retention.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in
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