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The European Energy Exchange (EEX) and the European EPEX SPOT power exchange have met with representatives of the EU Commission and the Federal Ministry for Economic Affairs at the “E-world energy & water” trade fair to discuss the legislative proposals of the so-called “Winter package” (Clean energy for all Europeans) of the EU Commission.
This is a package consisting of eight directives and regulations intended to safeguard the competitiveness of the European energy market in view of global changes.
The Energy Union aimed at in this framework paves the way for the European power market design of the future.
ADVFN has launched a Brexit Follow Feed which delivers information on stocks, indices and currency pairs directly affected by the UK’s decision to leave the EU.
The free service gives investors the big picture on key events for stocks and other markets that have been identified as Brexit correlated.
Stock sectors include banks, airlines, estate agents and house builders. Barclays (LSE:BARC), EasyJet (LSE:EZJ), Foxtons (LSE:FOXT) and Taylor Wimpey (LSE:TW.) are examples of some of the companies featured.
The Brexit Follow Feed page also includes the currency pairs of GBP/USD, GBP/EUR, GBP/JPY and GBP/RUB, and leading global indices.
Lyxor Asset Management has teamed up with Sandler Capital Management to launch the Lyxor/Sandler US Equity Fund, a US-focused long/short equity strategy, allowing investors to gain exposure to US equities amid an improving outlook for the US economy, while mitigating the impact of volatile market conditions on their portfolio.
The fund focuses on investing across a broad range of US industries and adopts a dynamic long/short approach to identify growing businesses (long positions) and challenged businesses (short positions), ensuring an active management of the US equity market exposure. Risks are managed through diversification, close attention to macro factors and the
Global macro and CTA managers experienced negative returns in January due to long USD positions, especially versus the Euro, according to Lyxor’s latest weekly hedge fund brief.
Meanwhile, fixed income arbitrage, L/S credit, and event-driven managers outperformed both last week and in January overall.
Fixed income arbitrage and L/S Credit funds have been supported lately by both alpha and beta components. The rise in bond yields has created arbitrage opportunities such as the deviation between cash and futures bond prices (the so-called basis). Beta conditions were also supportive as high yield spreads tightened in January. A simple quantitative exercise
Man GLG, the discretionary investment management business of Man Group, has launched the Man GLG Innovation Equity Alternative, a global long-short fund managed by Priya Kodeeswaran.
Available in UCITS format, the fund focuses on opportunities in companies or sectors undergoing change or innovation.
The USD450 million fund seeks out companies within sectors that are particularly susceptible to change and innovation, primarily within the consumer discretionary, technology, telecoms and industrials sectors. Companies in these sectors can be fundamentally mispriced as market consensus can lag the actual or potential effects of disruption, while lower sector correlations allow the manager to build
Hong Kong’s Value Partners Group is supporting business expansion beyond Asia by automating its front-and middle-office activities with the Charles River Investment Management Solution (Charles River IMS).
A client since 2015, Value Partners recently went live on Charles River’s Post-Trade solution across its equities, fixed income, FX and derivatives operations. The firm now has a single investment management platform with centralised confirmation, trade matching and settlement instruction capabilities.
“The implementation of Charles River has significantly increased our ability to monitor and control trading activity,” says Tim Bruce, managing director of information technology, Value Partners. “We are well positioned to
KKR and Pacific Alternative Asset Management Company (PAAMCO) are teaming up to create a new liquid alternatives investment firm by combining PAAMCO and KKR Prisma.
Under the terms of the agreement, the entire businesses of both PAAMCO and KKR Prisma will be contributed to a newly formed company that will operate independently from KKR, and KKR will retain a 39.9 per cent stake as a long-term strategic partner.
This transaction will create one of the largest firms in the liquid alternatives industry, with over USD30 billion of assets under management or advisement and the ability to fulfil a
Forex Capital Markets (FXCM), its parent company FXCM Holdings and FXCM’s founding partners, Dror Niv and William Ahdout, are to pay a USD7 million penalty to settle CFTC charges that they defrauded retail forex customers.
In addition, FXCM, Niv, and Ahdout are prohibited from registering with the CFTC, acting in exempt capacities or acting as principals, agents, officers or employees of registrants.
The CFTC finds that, between 4 September 2009 though at least 2014, FXCM engaged in false and misleading solicitations of FXCM’s retail foreign exchange (forex) customers by concealing its relationship with its most important market maker and
GAIN Capital, a provider of online trading services, has signed a non-binding letter of intent to acquire the client base of FXCM's US operations.
Under the letter of intent, customers of FXCM's US regulated business will be transferred to GAIN's retail brand FOREX.com.
The transaction is subject to GAIN and FXCM reaching a definitive agreement and to final regulatory approval. Upon reaching an agreement, the account transfer is expected to occur prior to the end of February.
GAIN Capital is one of the largest providers of retail FX & CFD trading services globally. The company is currently regulated
Jersey funds and regulatory specialist Emily Haithwaite has joined Ogier as a partner.
Haithwaite’s (pictured) wide-ranging investment funds and financial services law experience has brought her recognition from clients and industry.
Head of Ogier's Jersey funds team, Niamh Lalor, says: "She has an outstanding reputation in her field, named as a Leader by Chambers, Legal 500, IFLR and Citywealth."
Haithwaite ihas almost two decades' experience acting for banks and asset managers in the formation, listing and winding-up of funds, as well as for sovereign wealth funds, funds of funds and investors investing into Jersey funds.
Her expertise
