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PraxisIFM Group, one of the largest independent financial services operations based in the Channel Islands, has listed on The International Stock Exchange (TISE).
The Guernsey-registered business, with assets under administration in excess of USD40 billion and revenues of more than GBP30 million, has around 300 staff across 10 jurisdictions.
Simon Thornton, PraxisIFM’s chief executive officer, says: “PraxisIFM is thrilled to announce its listing on TISE, which will broaden further the group’s profile internationally and, in particular, within our target markets.
“This listing will strengthen our position as an employer of choice, enhancing our ability to attract and retain
Singapore Exchange (SGX) and the Shanghai Pudong Development Bank (SPDB) have entered into a memorandum of understanding (MOU) to strengthen capital market ties between Singapore and Shanghai.
Under the MOU, SGX and SPDB will work closely as strategic partners to raise the profile of Singapore’s capital market.
The MOU outlines several areas for closer collaboration with a focus on leveraging the international fund raising platform of SGX.
SPDB will recommend Chinese enterprises to raise funds through initial public offers (IPOs), listing of real estate investment trusts (REITs) and business trusts, and issuance of offshore Renminbi (RMB) bonds, including
Brandywine Global Investment Management has named Tariq Ahmad as the chief executive officer of Brandywine Global Investment Management (Asia).
Based in Singapore, Ahmad will oversee Brandywine Global’s Asia-Pacific business.
Ahmad previously served as the head of business development and client service for Brandywine Global’s Singapore affiliate, which offers the Asian market access to global investment management through a variety of investment vehicles.
“I’m delighted to take on the responsibility of strategic oversight for Brandywine Global’s presence in Singapore and throughout the Asia-Pacific region,” says Ahmad. “Brandywine Global is known for its strong relationships with clients and consultants, and
Nasdaq has signed an agreement with Hong Kong Exchanges and Clearing Limited (HKEX) to upgrade the technological infrastructure of Hong Kong's main derivatives market, including trading, clearing and real-time risk management technologies.
The agreement also extends the existing relationship for an additional five years. HKEX and Nasdaq have been technology partners since 1994.
Under the agreement with HKEX, Nasdaq will deliver a new multi-asset trading technology engine (Nasdaq Multi Matching Engine), a state-of-the-art multi-asset derivatives clearing engine and a real-time risk management solution (Nasdaq Clearing Engine and Nasdaq Real-Time Risk), which will increase performance, speed, flexibility and resiliency of trading and
The European Energy Exchange (EEX) will launch financially settled power futures for Germany against the background of a possible split of the German-Austrian price zone.
The new products will be available for exchange trading and trade registration as of 25 April 2017 and will provide additional trading and hedging opportunities compared to the existing Phelix Futures product suite.
The product offering will comprise base and peak contracts with a monthly, quarterly and yearly maturity. The new German power futures will be settled against the common German-Austrian Day-Ahead auction price until the potential split and, in case it becomes effective,
The Lyxor Hedge Fund Index was up 0.9 per cent in March, with seven out of 10 Lyxor indices in positive territory, according to the latest Lyxor Alternative Investment Industry Barometer.
Long-short (L/S) equity and global macro managers outperformed, supported by exposures to European markets.
Fixed income managers thrived from relative value across government bond yield curves.
Conversely, long term CTAs were hit by lower 10Y UST.
“Consequences from the inflection in rates and inflation are already showing. Asset prices increasingly trading in line with their fundamentals and multiple themes, which would favour hedge funds in Q2,”
Thomson Reuters has launched QA Point, a cloud-based application that enables asset managers to use quantitative approaches in making investing decisions designed to increase productivity and create better results and accelerated internal collaboration.
QA Point uses a point-and-click interface and access to Thomson Reuters content.
Portfolio managers continue to look for new ways to optimise the risk/return profile of their investment strategies, including the use of quantitative models. However, this presents challenges for traditional asset management firms that generally do not have highly technical “Quants” needed for quantitative analysis work, particularly for backtesting of models. Furthermore, increased pressure from
Hedge fund intelligence provider Sanostro is teaming up with IFS Independent Financial Services to develop tailored solutions for pension funds and other institutional investors in Switzerland.
IFS is a specialised consultant and asset manager with a dedicated team focusing on solutions for institutional investors and large private investors.
“We are very happy about this cooperation. With IFS’s experience, client knowledge and implementation power we will be able to structure highly targeted solutions for sophisticated investors like pension funds,” says Vincent Couson (pictured), partner at Sanostro.
“We see Sanostro as a highly innovative partner in the space of dynamically
Global Merces has selected FundCount, a Boston-based provider of accounting and investment analysis software, to support the firm’s fund administration operations.
FundCount provides a single integrated interface through which Global Merces will be able to calculate and manage the firm’s partnership and general ledger accounting activity. The solution’s automated features will streamline workflow and improve overall operational efficiency.
Global Merces is an Australia-based investment management firm that designs, builds and operates managed hedge funds on behalf of investment managers. he firm offers Responsible Entity, custodial, full trustee, back-office administration and other funds management services.
“FundCount offered a cost-effective
MainFirst, an independent German-headquartered European financial services firm specialising in equity brokerage, capital markets and asset management, has completed the migration to Torstone’s middle and back office platform, Inferno.
Inferno is Torstone’s core post-trade processing platform, a multi-asset, multi-entity system, covering trade capture, confirmation, settlement, accounting and reconciliation.
MainFirst chose to implement Torstone’s Inferno in August 2016, following a pilot project which included German specific confirmations and transaction reporting, as well as connectivity to Deutsche Boerse. MainFirst went live on Inferno in March 2017, migrating all post-trade processing away from the incumbent third party system.
Michael Lange, partner,
