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GLAS, an independent provider of finance administration services, has appointed Xavier Poussardin as head of capital markets business development (EMEA).
Poussardin will be responsible for expanding GLAS’ services beyond direct lending and entering new geographies.
His appointment supports GLAS’ continued growth in the industry. As banks face increased challenges to provide agency and trustee services due to compliance and regulatory requirements, demand for independent firms has increased.
Poussardin was previously vice president at Deutsche Bank where he spent the last seven years in the global transaction banking team. Before this, he worked at Bank of New York as
The European Energy Exchange (EEX) has published the calendar for the auctioning of EU emission allowances (EUA) for 2017 in coordination with the European Commission and the participating member states as well as with the competent German authorities.
EEX will carry out EUA auctions on behalf of 25 member states on three days per week in the framework of the common EU auction platform. These auctions are scheduled to take place on Mondays, Tuesdays and Thursdays during 9 January to 14 December 2017.
In its capacity as the auction platform appointed by the Federal Republic of Germany, EEX will carry
Aberdeen Asset Management has launched the Aberdeen Alternative Diversified Equity Fund (AADE) which aims to generate capital appreciation with limited correlation to traditional equity markets by blending a portfolio of equity-related alternative strategies.
The fund offers investors access to high quality alternative investment talent in a liquid and regulated vehicle.
With its focus on generating returns through stock selection rather than market exposure, AADE is designed to provide a source of equity-related returns that are not dependent on the overall direction of the equity markets. This style of investment is becoming more popular among investors concerned about the current levels of
PEGAS, the pan-European gas trading platform operated by Powernext, has launched new spot and futures contracts on the Danish ETF (Exchange Transfer Facility).
This launch completes the process announced in July 2016 where Powernext acquired 100 per cent of Gaspoint Nordic from EEX and Energinet.dk.
Gaspoint Nordic is now an integral part of the PEGAS offering.
For the go-live date of 17 November, all 13 members of Gaspoint Nordic were admitted on PEGAS and ready to trade on ETF spot and futures. The total traded volume on ETF as of 23 November has reached 404,880 GWh on the
Diego Marynberg, president of Adar Capital Partners, is predicting that the next two years will see continued adjustment in the hedge fund sector with many funds disappearing as a result of increased volatility.
Adar Capital Partners' Adar Macro hedge fund has accumulated a yield of 30 per cent between January and October this year and 57 per cent since it was launched in August 2013, consolidating it as one of the most profitable funds in the world.
Marynberg says: “The current crisis of many hedge funds is essentially due to the fact that they took up positions years ago
After several years of absence, new structured certificates issued by UniCredit Bank have been reintroduced to trading on the Warsaw Stock Exchange.
The certificates are offered by Alior Bank Private Banking and the underlying instrument is the S&P GSCI Crude Oil-Index Excess Return-Index.
“We are glad that UniCredit Bank AG has issued a new series of structured certificates on our market after a few years of absence,” says Małgorzata Zaleska (pictured), president of the Warsaw Stock Exchange.
“The new instruments add new price index linked to the global commodity markets to the range of available investment opportunities. We
Lalpina Water (American Premium Water Corporation), a producer of high-quality alkaline water, now has a New York hedge fund among its customers.
In an effort to promote a healthy workplace, Blackbridge Capital has purchased a six-month supply of Lalpina Water for its New York office.
The fund also confirmed it has just given Lalpina’s exclusive east coast distributor a purchase order for an additional one-year's supply. At the same time, the company's own efforts to promote wellness in children are succeeding, yielding a marked increase in distribution to schools in the New York Tri-State area over the last quarter.
According to Hedge Funds Research, hedge funds this year have experienced more than USD50 billion of net outflows, continuing a theme that began back in Q4 2015.
Prior to this, the industry had enjoyed a near constant quarter-on-quarter increase in net inflows, taking total industry assets beyond USD3 trillion. This year, it would appear institutions have taken pause for thought and questioned the value of their offshore hedge fund allocations.
By contrast, however, the alternative UCITS industry has continued to grow from strength to strength. According to Hedge Fund Research, this area of the market had USD200 billion in assets
With investors concerned over the impact that a rising rate environment could have on their fixed income portfolios, the need to look for alternative solutions to hedge against, and even profit from, widening yields, is becoming paramount. James Williams (pictured) explores how alternative UCITS, which continue to enjoy positive inflows, are proving an appealing option to investors looking to diversify their investments.
In the last few years, investors have continued to pile into fixed income to enjoy the last drops of yield compression, which have moved perilously close to zero. US 10-year Treasuries fell as low as 1.38 per cent
Craig Cordle, a specialist in investment funds, has joined Ogier as a group partner based in the Guernsey investment funds team.
Cordle (pictured), who comes to Ogier from a major international London firm, is the third new member of the firm's partnership since August, and brings the size of the global partnership to 53.
The growth of the Guernsey investment funds team reflects Ogier's confidence in the sector – the most recent figures showed that the net value of funds under management and administration in Guernsey had reached nearly a quarter of a trillion pounds after four consecutive quarters
