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Changing financial rules and regulations are the most pressing issue on the minds of almost half (47 per cent) of the Chief Financial Officers at US hedge funds, according to a poll by execution broker and research provider ITG.
The need to streamline compliance processes is an issue for 37 per cent of the respondents to the poll, while 49 per cent cite European moves to unbundle research payments from equity trading commissions as a clear concern.
If Europe moves towards a "hard unbundling" of research payments from commissions, 65 per cent of the CFOs surveyed said they would likely
- 09/07/2015
PwC has further strengthened its leadership team with a number of promotions aimed at meeting ongoing growth opportunities in the Channel Islands.
Newly admitted Partner, Mike Byrne (pictured), and recently appointed Directors, Chris Van Den Berg and Alex Burne, will play key roles in facilitating the sustained growth PwC continues to experience in the local market.
Jersey-based Byrne, who has been with the firm for over 15 years, leads the Asset Management industry for PwC in the Channel Islands, with a personal focus on private equity and hedge funds. The scope of his international work and experience of working in
- 08/07/2015
Senior secondaries practitioners expect to achieve pre-leverage returns of just 9-13 per cent on a deal-by-deal basis over the next three to five years, and anticipate a fall in pricing in the second half of 2015.
This is according to a poll of over 80 senior members of the secondaries industry, taken at the Secondaries Investor Forum in London on 1 July, 2015.
Despite this, secondaries insiders expect deal volume to remain relatively flat this year at between USD40 billion and USD45 billion. The findings are representative of a market dominated by high demand for a low number of desirable
- 08/07/2015
Societe Generale is launching a new range of leveraged listed products called Société Générale (FR) Turbos Infinis Best on Euronext Brussels aimed at enhancing returns on the short-term or at hedging investors portfolio on the medium term.
The underlying asset can be a single stock, an index or a currency pair, etc with a tailor-made gearing.
“We are pleased to welcome Societe Generale’s new product range on Euronext Brussels,” says Vincent van Dessel (pictured), CEO of Euronext Brussels. “After the successful launch of Societe Generale’s first Leverage and Short Certificates on the BEL 20 Index in 2014, this new
- 08/07/2015
Great Lakes Fund Solutions have launched CrowdKey, software-as-a-service (SaaS) that provides online private placement platforms with a white-labeled crowdfunding site and an outsourced back office.
CrowdKey allows platforms to accelerate their time to market, reduce fixed formation costs, perform a variety of vendor management and compliance functions, outsource their call centre and back office, and quickly begin to display deals for investors.
The vendor-hub features of CrowdKey allow online private placement platforms to tap into banking, legal and fund administration resources to keep issuers in compliance and actively structuring deals rather than becoming immersed in clerical work. CrowdKey is
- 08/07/2015
The Depository Trust & Clearing Corporation (DTCC) has appointed Jim Turley (pictured), Co-Head of Group Technology and Operations (GTO) for Deutsche Bank, to its Board of Directors.
The Board provides direction and oversight for DTCC in the interests of its diverse stakeholders, while promoting safety and stability across the global financial markets. Currently, the Board is composed of 19 directors. Of these, 12 are representatives of clearing agency participants, three are non-participant directors, two are designated by DTCC's preferred shareholders, and the remaining two are DTCC's Executive Chairman and its President and Chief Executive Officer. Jim Turley joins the Board
- 08/07/2015
Sunday’s referendum has pushed Greece closer to euro-area exit. A Greek departure would plunge the region into uncharted waters, with unpredictable consequences. But policymakers have powerful tools to combat contagion and prevent a Greek accident sending the rest of the region back into recession, says Darren Williams (pictured) – Senior Economist, Europe, AllianceBernstein…
Greece has taken another big step towards euro-area exit following a decisive “no” vote in yesterday’s bailout referendum. While the referendum was not a formal vote on Greece’s membership of the euro area, it was a huge rejection of the fiscal discipline and reforms that go with it.
This
- 08/07/2015
- 08/07/2015
Interactive Data, a provider of fixed-income evaluated pricing, is to provide hourly snaps from its continuous evaluated pricing feed to Algomi Honeycomb (Algomi).
Interactive Data will provide evaluated prices to the Honeycomb platform for high-yield and investment-grade US and European corporate bonds. The data will be available to help Algomi buy-side clients to achieve increased pre-trade transparency and price discovery.
“Our goal is to give our clients the ability to access pre-trade price data which can be used to help facilitate trades in increasingly illiquid markets,” says Usman Khan, Chief Technology Officer and co-founder, Algomi. “Our Honeycomb buy-side clients
- 08/07/2015
New rules now under discussion in Europe governing asset managers’ use of trade commissions to pay for research could cause investors to cut ties with some brokers, decrease the availability of sell-side research in certain areas, and place small asset management companies at a competitive disadvantage.
That’s according to a May 2015 Greenwich Associates study, A Brave New World for Asset Managers – and the Brokers Who Serve Them, of 118 US institutional asset management companies, which found that investors believe proposed regulations in Europe would have a significant impact on the industry in both Europe and the United States
- 08/07/2015
Amundi Smith Breeden has appointed Bishop Jordan, as a Senior Vice President, responsible for evaluating and trading corporate credit opportunities.
Amundi Smith Breeden is the North American investment headquarters for Amundi, the leading European asset management firm with more than $1 trillion in assets under management.
Jordan brings 14 years of investment management experience to Amundi Smith Breeden. Prior to joining the firm, Bishop was a consultant to Concerto Asset Management and DUMAC, Inc, providing corporate research, trading and portfolio management services. Earlier, Jordan was a Senior Analyst/Trader at Tiden Capital, LLC and, before that, at Silverback Asset Management.
- 08/07/2015
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