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Intercontinental Exchange (ICE) has launched the NYSE FANG+ Index, an index that provides exposure to a select group of highly-traded growth stocks of next generation technology and tech-enabled companies. On 8 November, 2017, ICE Futures US plans to launch a quarterly futures contract based on the new Index, subject to regulatory review.
The NYSE FANG+ Index is equal-weighted and will initially consist of the five core FANG stocks, including Facebook, Apple, Amazon, Netflix and Alphabet’s Google, plus another five actively-traded technology growth stocks – Alibaba, Baidu, NVIDIA, Tesla and Twitter. Starting today, the real-time NYSE FANG+ Index will be calculated
EEX Group has joined the #We4Europe business initiative making a stand against Euroscepticism and for the European Union.
#We4Europe is an association of companies operating internationally and pursuing the aim of highlighting the advantages of the European Union. The initiative was founded by Peter Terium, Chief Executive Officer of Innogy and former CEO of RWE. Together with Deutsche Börse Group and another 18 renowned German companies, EEX Group advocates a united and strong Europe with this commitment.
Against the background of increasing scepticism and a crisis of confidence in the European Union, nine companies published a statement on the #We4Europe
Man Group has appointed Michael Turner (pictured), as Chief Executive Officer (CEO) of Man FRM, its hedge fund investment specialist. Turner will continue to work closely with Keith Haydon, Chief Investment Officer of Man FRM, and Michelle McCloskey, President of Man FRM and Man Americas, in leading Man FRM’s business, which is overseen by Man Group’s President, Jonathan Sorrell.
Turner will join Man Group’s Executive Committee, in addition to continuing to lead Man FRM’s Management Committee.
Turner has served as Chief Operating Officer (COO) of Man FRM and a member of Man FRM’s Management Committee since 2012. As COO
By George Ralph, RFA – The alternative investment sector at large is well aware of the imminent GDPR and MiFID ii regulations which are coming into effect next year, and about how firms will require some fairly serious system refreshes if they are to comply properly. However, there is one specific element which is common across both pieces of regulation that could cause some serious headaches; Data retention.
It is going to be absolutely crucial for firms to have clearly defined and effective data retention policies and procedures in place, as MiFID ii stipulates that firms must record and retain
Q&A with Stephen Paris, Director and Financial Services Industry Leader, Deloitte and Patrick Mangion (pictured), Principal, Financial Services Industry, Deloitte
HW: Over the past decade, the regulatory landscape for funds has undergone a number of major developments at both European and national level. What was the impact on the fund industry?
To carry on reading this Q&A, please click here
Eurof Uppington (pictured) is the manager of disruptive innovation strategy at EUR1.5 billion Quaero Capital.
The former long/short technology fund manager is launching a long/short market neutral fund for Quaero, designed to focus on the unexpected pace and impact of radical change. Three areas in particular will benefit from disruption, he believes. Factory automation, pharmacy and the retail sector.
“There is a confluence of different trends,” he says. “Technologies are becoming sufficiently cheap and fool proof for them to be used by everybody.”
The technologies of computing, connectivity, the internet of things, artificial intelligence and robotics automation are part of
ICMA’s European Repo and Collateral Council (ERCC) and ASIFMA’s Secured Funding Markets Committee have released the results of a pilot survey of the Asia-Pacific repo market.
The Asia-Pacific survey uses similar methodology to the long-established ICMA ERCC European repo market survey, which reports the value of repos and reverse repos outstanding in the market at close of a chosen business day, in this case 7 December 2016.
Asian repo has been defined, for the purposes of the survey, as repo involving at least one party dealing from a location in Asia in any currency or against any collateral or
Cowen Investment Management, the global investment management business of Cowen Inc, has appointed Elizabeth Flisser Rosman (pictured), as Managing Director and Head of Strategy.
Rosman will draw on her deep experience in seeding and incubating alternative investment strategies to help Cowen expand its alternative investment management platform by developing internal investment capabilities and partnering with outside managers.
Rosman has been sourcing, seeding and incubating alternative investment managers since 1999, when she joined Capital Z, one of the most successful hedge fund sponsors of its time. She most recently led new hedge fund manager development efforts at Reservoir Capital Group,
The US CFTC has issued an Order filing and simultaneously settling charges against Citibank NA (CBNA) and Citigroup Global Markets Limited (CGML), (collectively, Citi), for swap data reporting violations regarding Legal Entity Identifier (LEI) information.
Citi is to pay a USD500,000 penalty for failing to report properly LEI information for swap transactions to a Swap Data Repository (SDR), failing to establish the electronic systems and procedures necessary to do so, failing to correct errors in LEI data previously reported to an SDR, and failing to perform supervisory duties diligently with respect to LEI swap data reporting, all in violation of
Most hedge fund strategies are in positive territory this month, with fixed income arbitrage, event-driven and L/S equity strategies are up in excess of 1 per cent so far, according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team.
The Lyxor Event-Driven broad index is up 7 per cent year to date, with a balanced contribution from merger arbitrage and special situations. On the merger side, positions in the health care sector contributed to gains last week. On a negative note, CTAs gave back some gains last week and stand in the red month to date as a
