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Lombard Odier Investment Managers has expanded its alternatives range with the launch of the 1798 Event Convexity Strategy, as part of its initiative to offer structurally convex strategies that have asymmetric risk/return profiles.
The launch, with over USD100 million of committed capital, follows the launch of the 1798 Credit Convexity Strategy in early November 2016.
The 1798 Event Convexity Strategy, managed by Christophe Thomas, portfolio manager, focuses on building deeply asymmetric risk profiles around events using intra-capital structure dislocations. The investment approach enhances traditional fundamental event driven analysis with the convexity available from the combination of equities, credit and
FiREapps, a provider of currency sensitive analytics for multinational corporations, has promoted Malcolm Cummings to managing director, product management.
Among other responsibilities, Cummings will lead FiREapps' new Cash Flow Exposure Management solution.
Cummings joined FiREapps in 2016, with 20 years of management experience in financial markets and technology. Most recently, he was product manager for Deutsche Bank's currency and global markets ecommerce products.
"Malcolm has been a great addition to the FiREapps team. When he joined the team last year he immediately took on a leadership position that resulted in the new product. His drive, talent, and currency
Bill Prew (pictured), CEO of Indos Financial, the independent depositary firm, writes that the UK government has finally revealed its Brexit position.
“Any chance of a soft Brexit or retained membership of the Single Market has apparently been removed. The UK will almost certainly pull out of the Single Market although some hope policymakers will negotiate a transitional arrangement to avoid a cliff-edge Brexit.
“The risk of a cliff-edge Brexit – that is an abrupt UK departure from the EU with no interim set-up – is something service providers and fund managers need to be awake to. Nonetheless, a cliff-edge
Andrew Tually, counsel at international offshore law firm Carey Olsen, has joined the firm's Singapore office as a result of increasing demand for its corporate and finance legal services and rapid growth in Asia.
This follows the firm's launch in Singapore in October 2015 – with a focus on finance and corporate transactions including capital markets, mergers & acquisitions and alternative investment funds – and the opening of a Hong Kong office in November 2016.
Ben Morgan, partner in Carey Olsen's Guernsey office, says: “We’ve experienced strong growth in Asia in recent months. With offices in Singapore and Hong
Failure to efficiently transfer weather risk has left wind energy stakeholders across the globe with untapped asset values totalling an estimated USD56 billion, according to renewable energy underwriter GCube Underwriting Ltd.
In a new report entitled Gone with the Wind: An Asset Manager’s Guide to Mitigating Wind Power Resource Risk, GCube outlines the scale of the threat posed by resource underperformance to wind energy operators and investors around the world.
Well-documented recent wind speed lulls in established markets such as North America, Europe and Australia – often triggered by unforeseen and widespread climatic phenomena – have affected the ability of
Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, is to connect to London Stock Exchange Group’s UnaVista Approved Reporting Mechanism (ARM).
The service will allow users of Torstone’s new InfernoRC (Regulatory Compliance) module to comply with the transaction reporting obligations of the Markets in Financial Instruments Regulation (MiFIR).
Inferno clients will be able to fulfil all of their transaction reporting requirements by sending data through Inferno and into UnaVista’s ARM. UnaVista will be connected to all required National Competent Authorities (NCAs) in Europe so firms will be able to address all the
The Lyxor hedge fund index was up 0.5 per cent last week, with CTAs and global macro managers outperforming, according to Lyxor’s latest weekly brief.
Fixed income arbitrage managers also did well, in a context where rates implied volume has remained elevated since the Republican victory at the US election.
On a negative note, event driven underperformed. Positions on Rite Aid, a retail pharmacy chain targeted by Walgreens Boots Alliance, contributed negatively to performance on the back of anti-trust concerns.
According to Lyxor though, another mega merger in the pharma sector is set to boost event driven performance.
PortfolioScience, a provider of on-demand risk management systems, has launched a Factor Index Construction Toolset via the company's RiskAPI Enterprise platform, which allows users to dynamically construct factor indices based on dozens of fundamental, technical and statistical metrics.
In addition to several highly customisable index construction methodologies, the system also provides detailed index constituent quantile analysis, allowing users to inspect and understand constituent behaviour and contribution to construction, valuation, and historical performance.
"The RiskAPI factor index toolset allows users to fully control the valuation and construction process of factor indexes critical to exposure analysis," says Ittai Korin, PortfolioScience's founder
Lightspeed Institutional, a division of Lightspeed Trading, is broadening its offering to institutional traders by launching a new prime brokerage division.
As part of this launch, Lightspeed has added senior staff to help meet the needs of its small to mid-size hedge fund clients.
Lightspeed Trading has an agency trading desk and technology offering. It is now broadening its reach to the institutional market with products and services for the established as well as the start-up hedge fund by launching its prime brokerage division.
Lightspeed Institutional has appointed Craig Aronoff as executive vice president of prime brokerage services.
Value Partners Ireland Fund Plc, an Irish UCITS umbrella serviced by HSBC, has been approved to commence investing in China via the Shenzhen-Hong Kong Stock Connect.
On 5 December 2016, the Shenzhen Stock Exchange and the Stock Exchange of Hong Kong launched the Shenzhen-Hong Kong Stock Connect programme, enabling mutual market access between China and Hong Kong.
Since then, the Central Bank of Ireland (CBI) has been actively reviewing the legal and operational regime supporting Stock Connect and the market infrastructure through which China-A shares are acquired and held.
HSBC has worked closely with the CBI in respect
