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Investment bankers are expecting relatively modest bonuses of under GBP25,000 on average this year, while Private Equity staff think theirs will exceed GBP100,000, according to research by recruitment firm Astbury Marsden.
Astbury Marsden says that investment bankers anticipate that their bonuses will be worth an average of GBP24,461 in this year’s compensation round – equivalent to 25 per cent of salary.
Those working in Private Equity have the highest expectations of any sector of the City – predicting average bonuses of GBP104,125 – or 71 per cent of salary.
Private bankers and wealth managers are the next most
- 04/01/2016
EZTD, an operator of online trading platforms for binary options and FOREX, has qualified to trade on the OTCQX Best Market in the US.
EZTD began trading on OTCQX on 31 December, 2015, under the symbol “EZTD.” Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“Established in 2001, EZTD operates some of the most popular online trading platforms for binary options and FOREX in Europe,” says Jason Paltrowitz (pictured), Executive Vice President of Corporate Services at OTC Markets Group. “We welcome EZTD to the OTCQX market and look forward to helping grow
- 04/01/2016
- 04/01/2016
Aquila Capital has been mandated by ČEZ-Group to build a wind portfolio in Germany in the triple-digit-million Euro range. With this mandate, ČEZ is further expanding its activities in CO2-neutral energy generation.
The ČEZ-Group is the largest energy company in Central Eastern Europe and ranks among the ten largest energy suppliers in Europe, both in terms of installed capacity and number of clients. The listed company has a growing focus on renewable energy infrastructure investments and currently has a wind portfolio with an installed capacity of more than 600 MW. Partnering with Aquila Capital also includes the asset management of
- 04/01/2016
Hedge fund consulting and marketing firm Agecroft Partners has released its annual prediction of the trends it believes will have the biggest impact on the hedge fund industry during 2016.
Agecroft”s Managing partner Don Steinbrugge (pictured) believes that the hedge fund industry is very dynamic and both managers and investors can benefit from anticipating, and preparing for, what changes are likely to occur. Those who effectively evolve with the industry will succeed, while stagnant firms will be left behind. Agecroft’s top ten trends for 2016 are:
1. Reduction of expected returns for a diversified Hedge Fund portfolio. Hedge fund
- 04/01/2016
Beechbrook Capital has held the first close of its inaugural UK SME Credit Fund, with commitments of more than GBP100m. The fund will support UK small and medium-sized businesses with a turnover of between GBP10 million and GBP100 million and EBITDA of more than GBP1 million.
Among the institutional investors that have made commitments to the new fund are British Business Bank Investments Limited, the commercial arm of the British Business Bank, and the European Investment Fund. With additional investments to the fund already pledged, Beechbrook expects to hold a second close in the second quarter of 2016 with a
- 04/01/2016
Towards the end of 2015, Global Macro and CTAs experienced mixed fortunes. During November they were able to make returns amidst difficult market conditions. For both strategies, strong tailwinds in FX proved to be beneficial, the Lyxor Global Macro Index gaining 1.3 per cent mid-way through November and ending the year up +3.9 per cent. These gains were largely in response to the buoyancy of the USD against G10 and Emerging Market currencies.
In short, both strategies were trading on the expectations of a US Federal Reserve rate hike, which duly materialised in December.
As the Wall Street Journal wrote
- 04/01/2016
ALPS Fund Services is to expand its Denver-based hedge fund administration business with the acquisition of Kaufman Rossin Fund Services (KRFS), an independent, full-service provider of specialised administration services to the financial community.
Established in 1994, KRFS has offices in Miami, Boston, San Francisco, Dallas, and Grand Cayman. The company’s hedge fund services include accounting and valuation, back-office outsourcing, investor services, treasury services, and customised reporting. KRFS is an affiliate of Kaufman Rossin & Co
“We see this acquisition making us a top-20 provider in the hedge fund administration business,” says Ned Burke (pictured), CEO of ALPS Holdings, Inc., the
- 04/01/2016
The nature of how research is disseminated and accessed within the funds industry is changing. In some respects, sellside institutions are adopting a Good Cop Bad Cop stance. On the one hand, they are starting to scale back the value of the research they send out to smaller clients. On the other hand, they are committed to providing best execution prices to those same clients.
One of the primary drivers behind this scaling back, which is known as ‘ghosting’, is that under Mifid II, sellside institutions will be required to disentangle research from trade commissions and as such place greater
- 04/01/2016
The State Street Global Investor Confidence Index (ICI) rose to 108.3 in December 2015, up 1.0 point from November’s revised reading of 107.3, driven by an increase in the European ICI from 96.2 to 103.7 along with the Asian ICI rising 4.6 points to 105.1.
By contrast, the North American ICI decreased by 5.9 points to 106.6.
The Investor Confidence Index was developed by Kenneth Froot (pictured) and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of
- 04/01/2016
Todd W Betke has joined K&L Gates from Pepper Hamilton as a partner in the firm’s Washington DC office.
Betke focuses his practice on commercial, legal, and regulatory issues surrounding private equity, venture capital, and hedge fund formation, as well as related acquisitions and dispositions of portfolio companies and assets. He has served as outside counsel to dozens of funds over the course of his 20-year career, and has extensive experience with the formation, regulation, and operation of varying types of funds, including Small Business Investment Companies licensed by the U.S. Small Business Administration.
Betke represents investment funds with capital
- 04/01/2016
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