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Nasdaq is to acquire eVestment, an industry leading content and analytics provider used by asset managers, investment consultants and asset owners to help facilitate institutional investment decisions.
The acquisition is expected to deliver attractive shareholder returns with a combination of recurring, predictable revenue, a strong track record of growth and attractive cash flow dynamics.
eVestment provides institutional investors the largest, most comprehensive database for both traditional and alternative strategies, including as many as 2,800 individual data points on more than 74,000 investment vehicles. eVestment has more than 2,000 clients, including 92 per cent of the top asset managers, 76
Experienced investment fund lawyer James Bermingham has joined Ogier’s Luxembourg team as counsel.
Bermingham (pictured), who has experience in City and offshore law firms and as a General Counsel of a global asset manager and private equity administration group, is admitted in England and Wales and is registered on List IV in Luxembourg.
He joins the growing Ogier team in Luxembourg led by practice partner Francois Pfister – the firm marks its fifth anniversary this year, with six partners qualified in Luxembourg law, and over 35 staff in total.
Pfister says: “James’ broad experience and specific expertise in
By Don Steinbrugge (pictured), Agecroft Partners – Hedge fund managers focused on structured credit strategies can be simplistically divided into two categories: beta managers or alpha generators. Many investors believe the beta opportunity born out of the financial crisis has substantially run its course.
As such, they find risk adjusted returns from structured credit beta managers are not particularly attractive. On the other hand, inefficiencies in the structured credit markets persist, providing opportunities to generate strong, alpha-driven risk adjusted returns relative to other hedge fund strategies.
Beta managers are defined as primarily long biased managers with some leverage. Typically their net
LRI Group, the leading independent investment services company, has partnered with TAO Alternatives to launch its liquid alternative investment strategy, which has assets of more than EUR 250 million.
The investment strategy has been managed since 2007 and is available to institutional investors in the Opportunities Fund, as UCITS and Luxembourg Specialised Investment Fund (SIF). The CACEIS Bank Luxembourg Branch is acting Fund Administrator and Custodian.
TAO Alternatives is managed by fund managers, Dr Lukas Goetz and Achim Motamedi. The name ‘TAO Alternatives’ derives from their book ‘The Art of Alternative Investing’.
Goetz is an experienced fund manager
Global Jet Capital, a provider of financing solutions for corporate aircraft, believes more private equity firms and hedge funds are considering entering the business aviation finance sector to diversify their portfolios and reduce their exposure to equities and bonds and any potential market correction.
The company also believes that the price of mid to heavy private jets is beginning to stabilide following several years of falling valuations, and this is also making business aviation finance more appealing to private equity firms and hedge funds.
Global Jet Capital is capitalised by three global investment firms – GSO Capital Partners, a
For the first time since October 2016, the monthly performance of Event-Driven funds was in negative territory in August. The strategy remains nonetheless the stellar performer in 2017, up 5.7 per cent year to date according to the Lyxor Event Driven Broad index.
The summer air pocket was mainly due to the negative returns delivered by special situations funds (-1.8 per cent in August) which suffered losses on consumer holdings. Health care stocks such as NuVasive and Zimmer Biomet detracted from performance earlier in the month; while more recently Sotheby’s and Nestle dragged down the returns of special situations funds.
The August 2017 average daily transaction value on the Euronext cash order book stood at EUR6,045 million, up 24.8 per cent compared to August 2016 and down 18.9 per cent from the previous month.
The average daily transaction value on ETFs was EUR357 million, up 6.5 per cent compared to August 2016 and down 23.4 per cent from the previous month. Euronext’s ETF offering increased this month to 825 listings at the end of August compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 217,978 contracts in August 2017, up 37.4 per cent
Just 6 per cent of asset management firms believe they are currently ready to meet best execution requirements under MiFID II, according to “Re-Engineering Best Execution,” a new survey carried out by Liquidnet.
Some 61 per cent of respondents recognise their need to provide more granular detail to their policies, with a third planning to make changes to trading workflow, while over a quarter are specifically investing in technology to ensure a more systematic approach to best execution.
“Best execution no longer means a mere ‘look back and check’ on the outcome of an individual order. It is now
City-headquartered professional services firm RPC has hired James Kaufmann as a Legal Director in its funds team.
Kaufmann joins RPC from Hedge Fund MSK Capital Partners where he was COO. Before joining MSK he was General Counsel and Head of Compliance at global investment management firm RWC Partners, sitting on the firm’s management committee.
He trained as a lawyer at US law firm Dechert before qualifying into its investment funds team in 2004.
Speaking on James’ arrival at RPC, Head of Corporate Karen Hendy says: “We have for some time been building a high-calibre investment funds practice. To
The European Energy Exchange (EEX) achieved a total volume of 178.9 TWh on its power derivatives markets in August 2017 (August 2016: 199.0 TWh).
The August volume comprised 94.3 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
At 22.9 TWh, EEX recorded its highest volume in Phelix-DE Futures since launching these products in April 2017, further demonstrating that the Phelix-DE futures are quickly establishing themselves as the new benchmark in European power.
On the EEX Market for emission allowances, traded volumes in
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