Latest News
Confluence has promoted Todd Moyer to Chief Operating Officer (COO), a strategic role focused on ensuring operational excellence, optimising revenue generation across North America and Europe and evaluating growth potential in adjacent geographic markets globally.
Moyer (pictured), joined Confluence in 2012 as Senior Vice President of Global Sales. In 2014 he was promoted to Executive Vice President of Global Business Development, leading Confluence’s global growth efforts as they relate to strategic market management and sales strategy and execution. Under his leadership, Confluence has consistently achieved year-over-year record breaking growth. He also provided strategic direction for extending the value of the
Hathersage Capital Management, a global macro investment manager specialising in G10 currencies and absolute returns, has won the Best Macro Hedge Fund award for its Citi Access Hathersage G10 Macro Access Strategy at the Hedgeweek USA Awards 2017 ceremony in New York.
The Hedgeweek 2017 USA awards for excellence among hedge funds are determined by the votes of Hedgeweek readers who include investors and managers as well as professionals at firms including administrators, custodians, accountants and auditors, law firms, consultants and fund distributors.
Established in 2003, Hedgeweek is a leading digital publisher covering all facets of the global hedge
All bar one of MV Index Solutions’s (MVIS) seven investable Long/Short Equity Indices recorded positive performance in September.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The MVIS Global Event Long/Short Equity Index led the way with a return of 1.28 per cent, closely followed by the MVIS Global Long/Short Equity Index (1.22 per cent).
The other positive performers for the month were the MVIS Asia (Developed) Long/Short Equity Index (1.04 per cent), the MVIS Emerging Markets Long/Short Equity Index (0.96
Tolomeo Capital AG, the Swiss based systematic asset manager, has appointed Sonja Frech to the newly created position of Director of Finance & Compliance. With this move the company extends its team in a significant way.
Frech has held senior Finance and Controlling positions in several financial and industrial firms and worked for a large German energy company in mergers & acquisitions, investment controlling and extrajudicial debt enforcement proceedings before co-founding a large Swiss family office and serving as its CFO.
Ivan Popovic, Managing Partner of Tolomeo Capital, says: “With the company continuously growing, we needed a
PEGAS, the pan-European gas trading platform operated by Powernext, saw one of its best ever months in September with a total volume of 184 TWh, up 21 per cent compared to the previous year (September 2016: 152,4 TWh).
This strong development was supported by a volume of 60.9 TWh on PEGAS Spot added to a total of 123.2 TWh on PEGAS Futures, including a record for the Italian PSV market area with 6.0 TWh.
Spot trading volumes in September reached 60.9 TWh , an increase of 12 per cent on the previous year (54.2 TWh). The Dutch market area TTF
SteelEye, a compliance technology and data analytics firm, has launched a new data platform following a successful early adoption program.
The SteelEye product has been designed to help financial firms meet their obligations under MiFID II for Record Keeping, Trade Reconstruction, Best Execution and Transaction Reporting in one platform. SteelEye also helps firms extract valuable insights from their data, as well as helping them cope with GDPR and other key regulations.
SteelEye’s cloud-based platform has several advantages to help firms optimise their business. It is the only platform that offers transaction reporting, record keeping, trade reconstruction, best execution and
Intercontinental Exchange (NYSE:ICE) has reported record monthly notional value cleared for credit default swaps (CDS) in September, with over USD1.75 trillion in gross notional and a daily record of over USD450 billion cleared on 20 September.
Additionally, ICE Clear Credit, ICE’s US-based CDS clearing house, has launched clearing services for additional single name CDS instruments referencing emerging market and Asia-Pacific corporate and sovereign entities.
This launch expands ICE’s CDS footprint and offers customers more diversified risk management services combined with capital and operational efficiencies.
The European Energy Exchange (EEX) achieved a total volume of 265.8 TWh on its power derivatives markets in September 2017 (September 2016: 373.3 TWh).
The September volume comprised 139.2 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
In the Phelix-DE Future, the new reference product for European power trading, EEX achieved its highest volume since the launch of these products in April at 35.1 TWh, exceeding the previous record from August by 53% (August 2017: 22.9 TWh). Also on the Dutch power market,
Following the publication of the European Commission’s proposed amendment to the ESA Regulation to give more supervising authority to ESMA, EBA and EIOPA, the Association of the Luxembourg Fund Industry (ALFI) has expressed its surprise and concern about the new role for ESMA in the authorisation procedure of delegation arrangements.
Denise Voss (pictured), Chairman of ALFI, says: “We question this proposed additional layer in the authorisation procedure, required when a fund wants to delegate part of its activities to third countries. This is increased bureaucracy, it lengthens time to market and it increases costs. This will undoubtedly have a negative
Two developments reverberated in hedge funds this week, with asset and sector rotations accelerating as US yields kept on adjusting to the Fed, which gives every sign it will proceed with normalisation, while President Trump also unveiled his tax blueprint.
That’s according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team.
Lyxor writes: “On the losing side this week, CTAs were hit on their equities as well as on their short dollar positions, partially offset by their short on agricultural. CTAs allocations materially changed. They have fully rebuilt very long European and US bond exposures. They also
