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Crestline Investors, a credit focused institutional alternative asset manager, has closed its third Opportunity Fund (Opportunity Fund III). Opportunity Fund III, and related managed accounts, secured over USD1.34 billion in capital commitments, exceeding the fundraising objective.
Investors in the strategy include leading public and private pension plans, sovereign wealth funds, insurance companies, and other institutional investors.
The new fund is the ninth in Crestline’s series of opportunistic funds, which started in 2005 and have attracted more than USD5.6 billion in client commitments to date. Each of the funds is managed by Crestline’s Credit Strategies team, which has closed over 75
Cowen Inc has made a number of additions and changes to its leadership team.
Larry Wieseneck is joining the organisation as Co-President of Cowen and Company, and Dan Charney, Head of Equities, has been named Co-President of Cowen and Company. Mssrs. Wieseneck and Charney report to Jeffrey M Solomon (pictured), CEO of Cowen and Company and President of Cowen Inc. In their roles as Co-Presidents, Cowen’s investment banking, capital markets and credit divisions will report to Wieseneck and the equities, prime brokerage and securities lending divisions will report to Charney.
Cowen Inc also established a Management Committee which will
Glendon Capital Management has successfully closed its second credit opportunities and special situations fund, Glendon Opportunities Fund II, with final commitments reaching the hard cap of USD2.5 billion.
Glendon’s senior investment team has spent the vast majority of their careers pursuing compelling dislocated or distressed opportunities globally. The Fund’s limited partners are comprised of some of the largest and most respected domestic and international institutional investors from various sectors including public and private pension funds, financial institutions, foundations and endowments. The Glendon Opportunities Fund, which closed in 2014, raised USD1.1 billion in total commitments.
“We are very grateful for
Euronext has extended its agreement with LCH SA on the continued provision of derivatives and commodities clearing services for a period of 10 years. This follows the announcement of 8 August 2017.
The new long-term agreement covers the clearing of financial and commodity derivatives for a period of 10 years. It provides continuity of clearing services for members, saving the cost and disruption associated with a migration at a time where client bandwidth is stretched due to MiFID II implementation and Brexit planning. Euronext and LCH SA will work together to develop new products for the benefit of clearing members
The Commodity Futures Trading Commission (CFTC) has issued an amended order to Chicago Mercantile Exchange concerning foreign futures contracts currently listed or which will be listed in the future for trading on the Dubai Mercantile Exchange (DME) and cleared by CME.
The order was issued in response to a petition CME filed.
Under the order, CME and its clearing members that are registered futures commission merchants may commingle customer funds related to DME contracts with customer funds related to futures contracts in accounts segregated in accordance with Section 4d of the Commodity Exchange Act. The amended order expands a
Quant Insight (QI), a macro research firm providing discretionary asset managers with actionable investment ideas, has appointed Ryan Adams, Professor of Computer Science at Princeton University, and Duncan Clark, Chairman of BDA China, to its advisory board.
The appointments add further academic rigour to Quant Insight’s analytics models and will support future expansion to Asia.
Launched in January 2017 following three years of technological development, Quant Insight is a macro research firm that provides quantitative analysis and actionable investment ideas to hedge funds, asset managers, pension funds and wealth managers. QI combines investment expertise with high-quality data, proprietary algorithms
The State Street Global Investor Confidence Index decreased to 96.9 in October, down 7.5 points from September’s revised reading of 104.4.
The decline in sentiment was driven by an 8.7 point drop in the North American ICI to 96.8, along with a 6.7 point fall in the Asian ICI to 96.2 and a 0.7 point decrease in the European ICI to 93.1.
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
Lodbrok Capital, an investment manager focused on the European credit market, has appointed Adam Sorab as Partner. This follows a period of organic growth and the successful launch of the Lodbrok European Credit Opportunities Fund in May 2017.
Sorab (pictured), joins from hedge fund CQS, where he spent the last 13 years and where he held various senior roles including Head of Investor Relations.
Lodbrok Capital has hired Sorab to lead the company’s investor relations with responsibility for managing client relationships. Sorab brings over 30 years’ investment industry experience to the firm. Prior to CQS, Sorab was Head of
QuantHouse’s QuantFEED and QuantLINK are now available via Virtu Financial’s disclosed Systematic Internaliser (SI) platform enabling clients to access Virtu’s liquidity under MiFID II’s transparent SI regime.
Virtu Financial is one of the largest electronic market makers, providing liquidity to the global equity, ETF, Energy, and FX markets and is raising the bar on transparency by providing bilateral liquidity in European cash equities to sell side firms in Europe by utilising MiFID II’s SI regime. Virtu Financial Ireland Limited intends to register as a Systematic Internaliser (SI) in Europe in 2018.
For many years QuantHouse has been successful in
NetCurrency.com, a fintech startup company based in Hong Kong, has released a beta version of Neco, a digital currency for global forex trading and asset management, a USD5 trillion daily market.
Net Currency (Neco, or NTC) is a geo-political neutral digital currency portfolio monetary system, and fundamentally different from crypto-currency or virtual currency such as Bitcoin. Net Currency is not issued by any central bank nor generated by computer algorithms, instead it is issued and funded by a community of users and consists of a portfolio of underlying world sovereign currencies, with percentages of each currency agreed upon by its members.
