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Exchange Data International (EDI) has launched an alternative service to NYSE Corporate Actions at less than 50 per cent of the redistribution costs charged by NYSE.
“Clients finally have a truly complete and competitive alternative for corporate action data,” says Jonathan Bloch (pictured), founder and CEO of EDI, the challenger supplier of global security corporate actions and reference data. “The provision of reference data has been viewed by many clients as a license for exchanges and legacy providers to print money,” says Bloch. “Many exchanges have been charging top-dollar for data for years, but the recent changes to reporting rules
Hong Kong-based alternative asset management company OP Investment Management Ltd (OPIM), has partnered with LEAD Investment Fund Management Company (Lead) to launch the LEAD Absolute Return Fund SP (of Sunrise SPC), a Cayman domiciled fund for professional and institutional investors.
While the fund’s objective is to achieve long term absolute returns, the investment manager will deploy a global macro strategy focusing on developed markets. Managed by Senior Portfolio Manager, Andrew Lam, the portfolio will consist of large cap equities, listed options, fixed income securities, commodities, and futures.
Lam, feels that Asian investors, both high net worth and institutional alike,
Horseshoe Group has appointed Sean Ward as SVP – Business Development and Marketing. He will be based in New York and will play a key role in the growth and development of the firm’s fund administration and insurance management businesses.
Ward (pictured), has over 15 years of business development and marketing experience within the asset management industry and was most recently a Director of Business Development at SS&C GlobeOp focusing on hedge and private equity funds. Prior to SS&C, Sean spent four years at Bloomberg. Sean has also held business development roles at Lord Abbett, Bank of Hapoalim and RF
Calastone, the global funds transaction network, has appointed Stephen Mohan as Chief Operating Officer (COO). Mohan will assume responsibility for managing the UK and European business as well as leading global operational functions including product development and service delivery.
Mohan (pictured), brings with him extensive management experience of the mutual funds sector, and joins from DST (formerly IFDS), where he was most recently Executive Director of Transformation and Innovation.
Mohan’s wealth of industry expertise has seen him lead large scale operations at the top of the mutual funds industry for more than a decade. He has held executive positions
OE Capital is expanding its advisory and capital introduction business with the appointment of Nicklas Fornander as Head of Sales. Nicklas Fornander will also become partner & board member in OE Capital when regulatory approval is granted.
Fornander previously held a senior position as Head of Institutional Sales at Invesco responsible for the Nordic markets. Before that Nicklas held senior positions at Fidelity, Nordea Asset Mgmt & Skandia Insurance.
Oscarsson & Engman Capital AB (OE Capital) is an independent Nordic advisory and capital introduction firm with a focus on Alternative Investments, located in Stockholm. The company is supervised by
SETL has teamed up with four asset management firms to launch IZNES, a pan-European fund record-keeping platform based on blockchain technology.
The platform provides investors, asset management firms, distributors and wealth management advisers with easy and rapid access to fund units. The platform enables firms to enter into new relationships with investors, manage KYC processes, handle subscription/redemption instructions, and settle transactions and record positions.
Compatible with all distribution channels, IZNES reduces transaction costs, increases transparency, and optimises operational workflow. It will also enable new value-added services to be developed. IZNES relies on proprietary technology developed by SETL. To ensure
After five years at the firm, CVC Credit Partners chairman Stephen Hickey is standing down from his role for personal reasons. He will be succeeded by Hamish Buckland.
Since Hickey joined in CVC in 2012, assets under management have grown from USD8.1 billion to USD17.9 billion.
Buckland (pictured), is joining CVC from Triton, having previously spent 25 years at JPMorgan, where his most recent role was Vice Chairman of the Investment Banking business. Before that he ran JPMorgan’s European Leverage Finance business from 2001 to 2008. In addition, he has acted as Advisor and Board Director at HM Treasury’s
By George Ralph, RFA – Everything is virtual these days. From virtual teams, spread across the globe, which can perform better than traditional on-site teams, to the virtual offices they work in, at home, in the coffee shop, in shared office space. If the right technology is in place, people can work anywhere.
To take advantage of virtual services, the right technology has to be in place. For a virtual team to work effectively, there needs to be a collaboration tool which allows everyone to ask questions, or share ideas and seek approval or input. There also needs to
Maverick global macro hedge fund manager Hugh Hendry, (pictured) profiled in AlphaQ in the August 2015 issue, is reported to be shutting his Eclectica fund.
Assets in Eclectica Asset Management have fallen steadily over the years from a peak in 2012 of USD1.2 billion across all the Eclectica funds, with USD750 million in the hedge fund alone, to a total in 2015 for the whole group of USD300 million and reduced again more recently to under USD200 million.
In terms of performance, Eclectica has endured several years of flat to negative performance. Its initial big achievement of the early years
As liquidity and market depth at the Belgian gas trading place ZTP continues to increase, pan-European gas trading platform PEGAS has launched a ZTP monthly price index.
The monthly index offers end users and grid users in Belgium an attractive alternative for currently used price references in gas supply contracts.
Traded volumes nominated on ZTP rose with 54 per cent in the first 8 months of 2017 compared to the same period last year. Besides, gas increasingly gets traded through monthly products. ZTP also saw a rise in so-called market maker agreements in which hub customers commit to a
