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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
Linedata has appointed Sophie Février (pictured), as the firm’s new Director of Innovation, Communications and Marketing.
Reporting directly to Anvaraly Jiva, founder and CEO of Linedata, Février will manage innovation initiatives and define and implement communication, marketing and digital activities for the entire Group. She will also be responsible for strengthening Linedata’s links with innovation hubs outside the Group such as startups and universities.
Février is a graduate of the Ecole des mines de Paris, and has acquired considerable experience of cross-functional, collaborative management and rolling out large-scale transformation projects. In particular, she spent the last nine years working
All seven of MV Index Solutions’ (MVIS) investable Long/Short Equity Indices recorded positive performance in August.
The MVIS Emerging Markets Long/Short Equity Index led the way with a return of 0.80 per cent followed by the MVIS Global Long/Short Equity Index (0/71 per cent), the MVIS Western Europe Long/Short Equity Index (0.60 per cent), the MVIS Asia (Developed) Long/Short Equity Index (0.48 per cent), and the MVIS Global Event Long/Short Equity Index (0.45 per cent).
The MVIS All World Long/Short Equity Index recorded 0.41 per cent, while the month’s lowest return was from the MVIS North America Long/Short Equity
Protos Cryptocurrency Asset Management is to hold an Initial Coin Offering (“ICO”) to raise capital for a data-driven crypto hedge fund that will invest solely in cryptocurrencies and tokens.
Protos tokens will be a security issued under the exemption from registration with the US Securities and Exchange Commission pursuant to Regulation D.
The founders of Protos; Matthew Shaw (pictured), Philipp Kallerhoff, and Thomas Kineshanko – have significant experience in the funds and cryptocurrency space. They have over a decade of combined experience investing in cryptocurrencies, have managed funds of over USD1 billion and Protos will be their third vehicle
