Latest News
Bloomberg’s multi-asset swap execution facility, Bloomberg SEF LLC, has launched a List trading tool for Interest Rate Swaps (IRS).
The new List tool enables market participants to improve operational efficiency by creating and sending a “basket” of swaps that can be traded at a single price using Bloomberg SEF’s request for quote (RFQ) functionality.
Bloomberg’s swaps analytics coupled with Bloomberg SEF's liquidity provide the first market solution for participants that wish to perform advanced portfolio valuation prior to execution.
The List tool also allows clients to offset cleared risk, which reduces the number of existing trades and overall capital
- 31/10/2014
Alter Domus, a provider of fund and corporate services to international private equity and infrastructure houses, real estate firms, multinationals, private clients and private debt managers, has opened an office in Düsseldorf, Germany.
Chief executive Laurent Vanderweyen says: “Expanding our international presence into this important European nation’s financial sector is an exciting development as Alter Domus continually strives to provide its clients with high quality services with an ever-increasing international reach.
“In Germany we have entered into a co-operation with Domus Legal Rechtsanwaltsgesellschaft mbH (Domus Legal), a law firm collaborating with bepartners, Düsseldorf, an independent firm of lawyers and
- 31/10/2014
CedarKnight Partners has appointed Ranjit Atwal to head its investment management operations across the firm's international business.
Located in the firm's new London office on Berkeley Street, Atwal will be overseeing all operational and client reporting matters across a number of jurisdictions where CedarKnight operates and is launching in the very short-term.
In his new role, he will work closely with the CedarKnight management team to support the firm's expansion plans following its recent success with new investment mandates.
Co-founding partner Gilly Uppal says: "Ranjit brings with him a strong institutional background in wealth management and leading operations
- 31/10/2014
Court-appointed receiver John J Carney has received authorisation for a USD264 million distribution plan for the receivership estate of Michael Kenwood Capital Management and related entities.
The plan was approved by the Honorable Janet Bond Arterton of the US District Court for the District of Connecticut on 27 October 2014.
The hedge funds of the Michael Kenwood Group were formerly operated by Francisco Illarramendi who pled guilty to having run the funds as a Ponzi scheme and defrauding investors of hundreds of millions of dollars.
Carney was appointed Receiver by the District Court in February 2011 following an
- 31/10/2014
Denver-based hedge fund firm Arrowpoint Partners has appointed Minyoung Sohn as portfolio manager of the Meridian Equity Income Fund.
Arrowpoint manages USD7 billion in assets for high-net-worth and institutional investors, and is the investment adviser to the Meridian Funds.
Sohn is a founding partner of Arrowpoint. Previously, Sohn served as an executive vice president and portfolio manager at Janus Capital, where he managed USD10 billion in assets for the Janus Growth and Income Fund (2004 to 2007) and the Janus Fundamental Equity Fund (2005 to 2007). He has 16 years of industry experience and is based in Arrowpoint's Denver
- 31/10/2014
Hedgeweek is working in collaboration with S&P Capital IQ on its forthcoming “6th Alpha Series Event” entitled: Using Cross Asset Signals In Equity Markets.
This event, which is to be held on 4 November 2014, from 8.00-10.00am at The Chemistry Centre, Burlington House, Piccadilly (Room: The Library), will build on research into the potential pay-off from integrating event driven signals into the equity investment process. This session is specifically for asset managers and hedge funds.
Please click here to register your interest.
The speakers are:
Dave Pope CFA, Managing Director, Quantamental Research, S&P Capital IQ
Yin Luo, CFA, Managing Director
- 30/10/2014
SunAmerica Asset Management has launched the SunAmerica Flexible Credit Fund, sub-advised by Newfleet Asset Management.
The fund invests in two specialised fixed income asset classes: floating rate loans and high-yield bonds.
These asset classes, often referred to as leveraged finance, offer the potential for attractive income and total return while also helping to protect against interest rate risk.
“We’re really excited to partner with David Albrycht from 20-time Lipper award winner Newfleet Asset Management,” says Mike Treske, executive vice president and chief distribution officer at SunAmerica. “Floating rate loans and high-yield bonds have been among the best-performing fixed
- 30/10/2014
Hedge funds recorded net outflows of USD9.5 billion as long/short equities, event-driven, and macro funds strategies reported the largest outflows, Eurekahedge’s preliminary data for September 2014 reveals. However, year-to-date, hedge funds are up 3.82 per cent, witnessing net inflows of USD60.7 billion in 2014.
According to Eurekahedge’s October 2014 report, the preliminary data for September revealed that managers have posted performance-based losses of USD1.2 billion, the current amount of assets under management in the global hedge fund industry stood at USD2.13 trillion as of September 2014.
North American funds clocked net asset outflows of USD5.2 billion while posting performance-based losses
- 30/10/2014
Euronext is planning to launch a full rapeseed derivatives solution on 14 November 2014, which will allow the industry to trade individual futures and options contracts for rapeseed grain, meal and oil.
Euronext is the first exchange in the world to offer this combination of hedging instrument for rapeseed.
The new rapeseed derivatives complex will cover:
• Futures and options contracts for rapeseed grain
• Futures and options for rapeseed meal
• Futures and options for rapeseed oil
The three contract combination covers the entire supply chain, offering a solution to the increased volatility of rapeseed oil
- 30/10/2014
Prologue Capital Management, an alternative investment adviser that manages a discretionary fixed income strategy, has added Robert Stever to its investor relations team.
Stever will be responsible for investor relations in the US and will work out of the firm's Greenwich, CT office, reporting to Chris Millar, head of investor relations.
Stever joins Prologue from Man Group/FRM, where he served four years as a trading strategies and structured credit analyst sourcing new hedge funds and monitoring existing investments across all asset classes. Before that, he was a senior research analyst at Spring Mountain Capital where he was responsible for
- 30/10/2014
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