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A number of leading European asset management firms have declared their intention to trade the Euro-denominated Interest Rate Swap Constant Maturity Futures (CMF) contracts on GMEX Exchange via their prime brokers.
These include Lyxor Asset Management and Old Mutual Global Investors.
Many firms on the buy-side are seeking a much lower margin alternative to plain vanilla OTC interest rate swaps for hedging given the increased capital requirements relating to central clearing and front loading rules. The GMEX CMF contracts are more closely aligned to the interest rate swap market than any other exchange product currently available.
Orders will be electronically
- 29/04/2015
Hedge Connection, the alternative investment platform connecting investment managers with asset allocators, has selected five charities to benefit from The Pitch, a “Shark Tank” style asset allocation competition.
Each competing investment manager will donate to one of the five pre-selected charities: Family Centre, PRIDE Bermuda, Women’s Resource Centre, Bermuda National Gallery (four Bermuda-based charitable organisations) or Technoserve in Washington, DC. Hedge Connection will further support these five charities through its May 15 to June 21, 2015 stock picking contest “GFF Bermuda Challenge” organised by Portfolios with Purpose.
“We are very excited to integrate this charitable component within the
- 29/04/2015
The international credit rating agency, Standard & Poor’s, has updated its rating of Guernsey following December’s GBP330 million bond issue for the inaugural States of Guernsey Bond.
Guernsey remains at AA+ (Stable outlook), which represents an excellent assessment. It highlights a number of economic and financial strengths which include the States of Guernsey’s revenue flexibility and sizeable assets underpinned by the government's robust fiscal position.
AA+ is the highest that a jurisdiction such as Guernsey, without its own currency, can achieve under the ratings methodology.
Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, says: “This continued strong rating is consistent
- 29/04/2015
Alter Domus, a provider of fund and corporate services for alternative investment funds and multinational corporations, has been authorised by the Malta Financial Services Authority (MFSA) to act as a depositary.
Alter Domus has been issued with a Category 4b Investment Services Licence to act as a custodian in relation to the type of AIFs indicate in SLC1.03 of Part B IV of the Investment Services Rules for Investment Services Providers.
Alter Domus has launched a depositary service to support the alternative investments industry in meeting the new requirement for funds captured under the AIFM Directive to appoint an independent
- 29/04/2015
Custom House Fund Services has opened a new Hong Kong office, significantly expanding its presence in Asia-Pacific and offering for hedge and private equity funds operating within the region.
With the addition of Hong Kong, Custom House now serves its clients from 13 global locations.
Operating as Custom House Fund Services Limited, the office opened earlier this month and will be headed by Tony Kan. As part of the regional expansion, Custom House is enhancing its technology platform to provide a Chinese-language portal and website for clients and underlying investors allowing them to view their NAV statements and fund
- 29/04/2015
The Cayman Islands and Hong Kong based boutique legal firm Travers Thorp Alberga has continued its recruitment drive with the addition of a new partner and two senior associates to the firm’s team.
Senior Partner Anthony Travers, says: “The results and the expansion of our new firm are both well ahead of predictions.”
Louise Freestone, Partner, is a corporate and funds lawyer with over 20 years of legal experience both in private practice in the City of London (Herbert Smith) and in-house as general counsel to a private investment management firm. Lou Freestone ise has significant experience in mergers,
- 29/04/2015
- 29/04/2015
London-based alternative investment manager Omni Partners, has held the first close of its second secured lending fund, Omni Secured Lending Fund II (OSL II), with initial commitments of USD45 million.
OSL II is targeting a total fundraise of USD250 million by the time it holds its final close later this year.
The launch and initial close of the second vintage fund follows the success of Omni Secured Lending I (OSL I), which delivered a 10.4 per cent net return during its first 12 months of trading.
OSL I, which launched in February 2014, funded almost $50 million of lending
- 29/04/2015
Activist hedge fund Elliott Advisors, the largest shareholder of Alliance Trust, has agreed to withdraw its three resolutions from the company’s Annual General Meeting on 29 April 2015 and has committed to support the Board and management on all other resolutions.
The Board and Elliott have also agreed on certain mutual non-disparagement undertakings and that Elliott will not call a general meeting or seek to agitate against the Company, its Board or management publicly until after the Company's 2016 AGM at the earliest.
The Board has agreed to appoint Anthony Brooke and Rory Macnamara to the Board of the
- 28/04/2015
Altegris has launched the Altegris KKR Commitments Fund offering accredited investors an opportunity to gain diversified exposure to KKR by committing to three different forms of private equity – primaries, secondaries and co-investments.
The minimum initial investment USD25,000.
"Accredited investors will now have the opportunity to access many of the same KKR private equity funds that institutional investors have had access to for years," says Jon Sundt, CEO of Altegris. "Altegris is providing investors with a portfolio spanning multiple private equity styles, geographic regions and life cycles, from newly established primary investment funds through mature secondary investment funds, all via
- 28/04/2015
Societe Generale has been mandated by the investment management company, Cyan Oak Capital LLP, to process derivatives for its range of alternative investment funds.
Cyan Oak Capital will benefits from “Orchestra”, Societe Generale’s global offering dedicated to managing the post-trade value chain for derivatives, as well as from additional prime brokerage services from the bank.
“Orchestra” is a unique modular and fully integrated third-party post-trade offering which comprises, in particular, clearing services for derivatives and post-trade services for middle-office operations, collateral management, settlement and custody.
Societe Generale provides Cyan Oak Capital LLP with optimal derivatives processing which is fully
- 28/04/2015
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