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The University of Applied Sciences Western Switzerland (Hes-so) has teamed up with governance and risk compliance (GRC) solutions provider OXIAL, for a research project that ls looking to mitigate human risk in financial services (FS).
A previous Hes-so study identified human risk as one of the major threats to banks and other FS providers, and the new project will use OXIAL’s GRC software to amplify the weak signals within an organisation and prevent human risk from causing too much damage.
“Human risk is a highly significant factor in whether or not a bank achieves its business objectives, but it
By Alison Swonnell, Director of Fund Operations, LCM Partners Limited – Non-performing loans are getting attention from the highest of places. Search for the term and you will find a deluge of publications about NPLs from the ECB, ESMA and EBA as well as pretty much every management consultant and accounting firm. Open the financial press and almost every day there is an announcement of an asset manager, such as LCM Partners, buying portfolios of bank loans, many of which represent eye-watering figures of outstandings, hundreds of individual companies or many thousands of consumers. A decade on from the start of
Total capital managed by Emerging Markets hedge funds increased to a record level for the fourth consecutive quarter through mid-year 2017, as a synchronised improvement in global growth and increased investor risk tolerance continued to drive gains across regional equity markets.
Emerging Markets (EM) hedge fund capital increased to USD213.3 billion (RMB1.42 trillion, 672 billion Brazilian Real, 13.6 trillion Indian Rupee, 11.3 trillion Russian Ruble, and 800 billion Saudi Real), according to the latest HFR Emerging Markets Hedge Fund Industry Report by HFR.
Investors allocated new capital to EM hedge funds for the first time since Q2 2015, with
Derivative exchange Eurex has launched another new product to support market participants in the electronification of their trading business.
As of 30 October, Eurex Market-on-Close (MOC) futures provide a concept to trade index futures at a price level directly linked to the underlying cash market index close, prior to its actual publication.
”This is of particular importance to investors using or offering benchmarked products like swaps or Exchange Traded Products. They utilise index futures at the index close level for hedging purposes, but require a more granular futures pricing than in the regular index futures trading to avoid slippage
FENICS Market Data, the Market Data division of BGC Partners (BGCP), is to exclusively provide China Credit BGC Money Broking Company Limited’s (CCT-BGC) Chinese market data products to global clients.
Through this agreement, FENICS Market Data is becoming the sole international commercial agent for CCT-BGC’s market leading onshore Chinese data, covering the Fixed Income, Interest Rate and Foreign Exchange markets.
CCT-BGC, established by China Credit Trust Co, (CCT) and BGC, is the first money-broking company granted by the China Banking Regulatory Commission (CBRC) in Beijing. It operates as an inter-dealer broking company, offering interest rate swaps, bonds, and interbank
MainstreamBPO, one of Australia’s largest independent fund administrators, has announced an after-tax profit of AUD1.4 million for the twelve months to 30 June 2017, an increase of 38 per cent over the prior corresponding period. Revenue was up 56 per cent to AUD29.3 million.
MainstreamBPO services to 192 fund managers and superannuation trustees.
During the reporting period, funds under administration rose 35 per cent during the year to AUD119 billion, from AUD88 billion as at 30 June 2016. Over the same period, the number of funds administered grew from 435 to 667 funds.
Chief Executive Officer Martin Smith
Trax, a provider of regulatory reporting, trade matching and capital market data services, has secured approval from UK Financial Conduct Authority as an Approved Publication Arrangement (APA) for transparency and reporting services under the MiFID II regime.
The Trax Transparency Solution, which includes the APA, is available through the Trax Insight platform, offering a comprehensive pre- and post-trade transparency solution including quote publication, Systematic Internaliser (SI) determination and instrument liquidity classification. Trax Insight features a customisable, web-based operational tool to actively manage and monitor the status of reporting activity through a single interface. Clients can quickly identify exceptions and data
For non-US fund managers wishing to tap into the US retirement marketplace, setting up a Collective Investment Trust (CIT) could be an attractive proposition, given the growth of defined contribution (DC) assets. Thanks to their ease of set-up, speed to market, and share class flexibility, CITs are enjoying a renaissance period.
As outlined in a recent white paper by SEI – The Defined Contribution Market Meets Its Match – DC assets have grown from USD4.3 billion just over a decade ago (2006) to USD7 trillion through the end of 2016. They account for 28 per cent of the USD25 trillion
JCRA Group, a provider of hedging, financial risk and debt consultancy services, including interest rate and foreign exchange advice, has secured the backing of private investor clients of Connection Capital, the specialist private client investment business, for its GBP13.6million management buy-out (MBO).
Connection Capital clients invested GBP6.7 million in the deal, which will support JCRA’s management team in executing its business development plans: driving growth by maximising synergies within its business, continued geographic expansion across their existing areas of operation, and implementing technological enhancements to drive efficiency.
Founded in 1989, the company is now the market leader in its
Recently released data on hedge fund flows confirm that investors are currently divesting from CTAs. As usual, outflows tend to track recent underperformance with a lag, which can be substantial at times. Between late August 2016 and late August 2017, CTAs experienced a 10 per cent drawdown according to the Lyxor CTA Broad Index.
Other measures of CTA performance paint a similar picture. Underperformance over the recent quarters has been caused by frequent trend reversals in the FX, commodity and fixed income spaces.
Jean-Baptiste Berthon (pictured), of Lyxor writes: “Investors have nonetheless started to divest near the trough, which
