Latest News
With developed market equities being increasingly regarded as overvalued throughout the first three quarters of 2014, Q4 marks a reversal of this trend, according to research by the CFA Society of the UK (CFA UK).
The CFA UK Valuations Index reveals that the proportion of investment professionals that view developed market equities as overvalued has fallen from 55% to 42% in the last quarter with 23% now believing there is value in the asset class, up from 12% the previous quarter.
Emerging market equities continue to be the only asset class regarded as undervalued by a majority of investment professionals
- 28/11/2014
In this report S&P Capital IQ examines how credit events can impact on the price of equities. The results are compelling. The report looks at the relationship between credit indicators and equity back-tested returns.
Please click here to view this video
S&P Capital IQ’s research reveals equity investors could pay attention to certain key fixed income signals. As during times of stress, trouble can often be seen in the top line of companies first. Their research found that rating analyst downgrades often preceded trouble in the equity price of companies in the next month. The research focused on three geographies
- 28/11/2014
An exemption which will enable Jersey-regulated fund managers to be appointed in relation to managed accounts has now been introduced.
According to law firm Ogier, this will enable hedge fund managers that are already regulated under the Financial Services (Jersey) Law (FS Law) in Jersey to carry out fund services business (FSB) to also service qualifying segregated managed accounts (QSMAs) without the need to seek additional regulation for the conduct of investment business under the FS Law.
This responds to a continuing growth in the number of Jersey-based hedge fund managers. As well as simplifying the regulatory position this
- 28/11/2014
VAM Group has appointed Stephen Kevan as Group Marketing Director.
The role is a new one that will see Kevan work closely with Andre Le Roux, VAM Group Managing Director, Michael Hunt, Managing Director of VAM Funds, which operates a Luxembourg UCITS IV fund range, and Jeanne Makuch, Managing Director of The Mauritius Administration and Trust Company (MATCO).
Kevan, whose past roles include Marketing Director for Old Mutual International and Head of Marketing for Barclays Wealth, will oversee strategic marketing across VAM Group’s companies.
Peter de Putron, VAM Group Chairman, says: “Stephen’s appointment as Group Marketing Director will
- 28/11/2014
Euronext is to launch a dairy derivatives complex in spring 2015, covering the three key dairy products currently traded in Europe and internationally: butter; skimmed milk powder; and whey powder.
The full suite of futures and options will allow the European dairy community to hedge its exposure to price fluctuations in this volatile market, just as the milk quotas expire in the European market. This launch is subject to relevant regulatory review.
The European market is the world leader in dairy production and the second largest exporter of dairy products worldwide. On 31 March 2015, milk quotas, originally initiated
- 27/11/2014
- 27/11/2014
Credit profiles remain stable, but maturities lengthen in euro and sterling funds
Paris, November 26, 2014 —
In the third quarter of 2014,
US and euro money market funds (MMFs) increased their exposures to European financial institutions in Q3 2014, according to the latest quarterly MMF reports from Moody's Investors Service.
Maturities in euro and sterling funds increased, owing to the low rates in Europe and ongoing attempts by funds to compensate for dwindling yields.
In third-quarter 2014, assets under management in US-domiciled prime MMFs grew 1.6% to USD637 billion, following a 4% decline in the second quarter. In European
- 27/11/2014
The London Metal Exchange (LME) has approved China Merchants Securities (UK) Limited (CMS) for category 2, associate broker clearing membership.
CMS has also been approved as a member of LME Clear, the LME’s new clearing house.
“We welcome CMS to the LME and look forward to extending our user base further in the Asia region,” says Garry Jones, chief executive of the LME.
“LME Clear is delighted to approve CMS as a new member as we further strengthen our presence in the global clearing space,” says Trevor Spanner, LME Clear chief executive.
CMS is the LME’s third Chinese-owned clearing member.
- 27/11/2014
Signia Wealth has reached a major growth milestone, with its hedge fund proposition now passing GBP500 million in Assets under Management (AUM).
The entrepreneurially led boutique wealth manager has been increasing hedge fund expertise, most notably with the appointment of Michael Rosenthal in March 2014, to offer clients an alternative to the diminishing returns of fixed income. This GBP500 million milestone illustrates the firm’s dedication to continually refine its investment strategy to meet client demand.
Since Mr Rosenthal’s appointment, the majority of clients at Signia Wealth have increased their exposure to hedge funds by around 10%, with the focus
- 26/11/2014
ICAP’s is holding it’s latest Charity Day – the single biggest annual fundraising event in the financial sector – on 3 December, when ICAP staff, customers and suppliers come together to raise money for a host of charities.
More than 60 offices in over 32 countries donate 100% of revenue and commission on the day.
Last year, ICAP Charity Day – which began 22 years ago – raised an amazing GBP9.5 million in 24 hours, bringing the total amount that ICAP has raised over 21 years to more than GBP110 million. ICAP has supported 1,600 charities globally to date.
- 26/11/2014
- 26/11/2014
Singapore Exchange (SGX) is to launch a bond trading platform by mid-2015. It will initially trade Asian corporate bonds in G3 currencies, with Asian local currencies to follow.
To drive this initiative, the first of its kind focused on Asian bonds, SGX has formed a new subsidiary, SGX Bond Trading (SGX BT).
The development of this platform will be executed in close consultation with the industry, and the platform aims to become an Asian Liquidity Centre for both high-yield and investment-grade corporate bonds. SGX held an inaugural Steering Committee meeting with senior representatives of 32 leading Asian fixed income dealers
- 26/11/2014
- 26/11/2014
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