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Chicago Board Options Exchange (CBOE) has launched the CBOE S&P 500 Range-Bound Premium Income Index, which is designed to serve as a benchmark for investors aiming for consistent income distributions while taking the view that short-term equity returns will be range-bound.
The CBOE S&P 500 Range-Bound Premium Income Index measures the performance of a hypothetical portfolio of short-term Treasury bills and exchange-traded Flexible Exchange (FLEX) options based on the S&P 500 Index (SPX). The index strategy is designed to deliver consistent monthly income distributions that have low correlations to returns from US domestic fixed-income markets and are neutral to the
EBS BrokerTec, a NEX Group business which provides electronic trading technology and services, has enhanced its EBS Live Ultra data feed, providing spot foreign exchange (FX) data at 5 millisecond intervals.
Launching the fastest FX live streaming data feed available from a primary FX market venue, EBS BrokerTec aims to increase market transparency and help clients to trade as efficiently as possible.
Last year EBS BrokerTec launched EBS Live Ultra with two data publication intervals – 100ms and 20ms – with the intention that the faster service will be available to all market participants that meet certain trading criteria,
Guernsey is marking the the 20th anniversary of the introduction of its Protected Cell Company (PCC) Ordinance on 1 February 1997, providing the island’s captive insurance sector with the first cell company legislation of its kind anywhere in the world.
The subsequent success of this innovation is illustrated by the fact it is now used across the financial services world as an alternative application for the structuring of many different types of products.
Aon’s White Rock Insurance Company PCC Limited, which was established in Guernsey in 1997 as the first PCC in the world, has now been used by
The Japan Exchange Group (JPX) has taken a minority stake in OpenGamma, a provider of derivatives risk analytics.
The JPX investment follows an earlier USD13.3 million round of institutional investment in October 2016, which included Accel Partners, NEX (formerly known as ICAP), Euclid Opportunities and ex-SunGard CEO Cristóbal Conde.
This fundraising positions OpenGamma for rapid expansion as it seeks to provide an objective view of the all-in costs for derivatives users, helping the sell-side to minimise their balance sheet usage and the buy-side with the information they need to make smarter counterparty decisions.
"JPX has an established tradition
Mourant Ozannes has appointed six partners across the business, bringing the offshore law firm's total number of partners to 59.
The firm has appointed lawyers Claire Fulton, Alistair Horn and Jon Woolrich in its corporate and finance practice.
It has also appointed professionals from outside the law to the partnership: chief operating officer Keith Pearse, and managing director of corporate services Ed Fletcher.
Funds and corporate partner Frances Watson has also been hired.
Mourant Ozannes global managing partner Jonathan Rigby (pictured) says: "Claire, Alistair, Jon, Keith and Ed are all making an exceptional contribution to our business
Efficient Capital Management, a provider of managed futures solutions, has appointed Curt Bradshaw as managing director of Efficient Access.
“The hiring of Curt Bradshaw is part of Efficient's ongoing plan to further grow our capacity to serve more investors,” says Lorent Meksi, managing director, Efficient Capital Management. “We greatly value the knowledge and experience he brings to our leadership team and the Efficient Access platform.”
Bradshaw most recently served as senior vice president, head of product strategy and business intelligence at TIAA Global Asset Management/Nuveen Investments. Prior to that he held senior product roles at Invesco and Morgan Stanley.
The State Street Global Investor Confidence Index (ICI) decreased to 93.8 in January, down 0.3 points from December’s revised reading of 94.1.
The decline in sentiment was driven by the 7.0 point decrease in the European ICI to 92.9 along with the 0.4 point decline in the Asian ICI to 108.1.
By contrast, the North American ICI rose 2.0 points from 87.6 to 89.6.
The Investor Confidence Index was developed by Kenneth Froot (pictured) and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively
TruValue Labs (TVL), a specialist in artificial intelligence-driven ESG (environmental, social, governance) risk and opportunity data, has made two senior appointments.
Susan Lundquist, formerly head of product strategy, asset management at Thomson Reuters joins as chief marketing officer, while Eli Reisman, formerly the director of partnerships at the Sustainability Accounting Standards Board (SASB), joins as senior product manager.
“The leadership Susan brings to the management team of TVL positions us for big moves in the near future,” says Hendrik Bartel (pictured), CEO and co-founder of TruValue Labs. “With her more than 20 years of experience in the investment technology
Castlewood Select Funds’ flagship portfolio, The Castlewood Select Opportunity Fund, returned 13.5 per cent to investors net of fees and expenses in 2016.
“We are very pleased with the portfolio’s 2016 performance,” says managing partner Mark Wittenstein (pictured). “The fund’s return marks a second consecutive double-digit growth year as it follows our 16 per cent net return in 2015 and demonstrates the consistency of performance for which we aim.”
Wittenstein says that the strength of the market’s advance since election day was something of a surprise.
“Stocks continue to confound investors, particularly those who called for a steep
Assets held by hedge funds globally reached a record USD3.22 trillion as of the end of November 2016, according to Preqin’s 2017 Global Hedge Fund Report.
Investor outflows through the year totalled USD102 billion, and at the end of the year, a record 66 per cent of hedge fund investors said their hedge fund portfolios had fallen short of their expectations.
However, 2016 also marked the best performance year for the industry since 2013, posting gains of 7.40 per cent. This offset net investor outflows to drive total industry AUM past USD3.2 trillion, a record high.
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