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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
PEGAS, the pan-European gas trading platform operated by Powernext, has reported strong performance in August with a total volume of 164.5 TWh traded, an increase of 32 per cent compared to the previous year (August 2016: 125.0 TWh).
Growth in volumes was observed especially on the futures segment with 111.5 TWh, including a record for the CEGH VTP market area with 3.1 TWh, almost doubling its previous high established in March 2017 (1.7 TWh).
Spot trading volumes in August reached 53.1 TWh , up 6 per cent on the previous year (49,9 TWh). On the Dutch market area TTF,
Peter Elston, CIO, Seneca Investment Management, says too many people have retirement savings invested in poor products…
I abhor poor active management because there are so many people whose retirement savings have been invested in poor products; because it has given the active management industry a bad name; and because the big firms who are the worst offenders (1) continue to peddle the notion that bigger is better. With, for example, football clubs, bigger generally means better quality. This is absolutely not the case with active management; the more interesting investment opportunities tend to be smaller and out of the reach
Fulcrum Asset Management (Fulcrum) has added to its investment team with the appointment of Marc Semaan (pictured), as a Multi-Asset Strategist.
With some ten years’ market experience, Marc joins from Aviva Investors’ AIMS Team where he held a similar role. Prior to this he was a Macro Strategist at Friends Life Investments where he developed a global macro research structure to support the fixed income teams. Before this, he worked at Brandywine Global Investment Management as a Global Macro Research Analyst.
Andrew Stevens, Fulcrum’s Chief Executive, says: “We continue to invest in attracting the highest calibre of investment professionals, believing
The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have signed a Letter of Intent to evaluate the possibility of working together to set up and operate an auction mechanism for dairy products originating in Europe.
Global Dairy Trade operates GDT Events, a twice-monthly public price discovery auction for generic, large-volume products. It is the leading dairy auction globally with over 520 registered bidders from more than 80 countries.
EEX’s offering for European dairy products includes financially settled futures on skimmed milk powder, butter and whey powder. Since the launch of agricultural products in mid-May 2015, the EEX
