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Virtus BR Partners, an independent Brazilian financial advisory firm, has formed a relationship with Oaktree Capital Management to pursue investment opportunities in Brazil and throughout Latin America.
Oaktree, formed in 1995 and headquartered in Los Angeles, is an alternative investment management firm with expertise in credit strategies and over USD98 billion in AUM.
Eleazar de Carvalho Filho, founding partner and CEO of Virtus, and Julio Herrera, managing director and portfolio manager of Oaktree’s Emerging Markets Opportunities and Emerging Markets Debt Total Return strategies, will oversee the relationship.
During his 30-year career, Carvalho Filho has served as CEO of
Hedge funds gained 0.65 per cent in August according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year to date, the Index is up 3.37 per cent.
“An August calm set the stage for a profitable month with 70 percent of hedge funds reporting gains on the month,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Fifteen of Barclay’s 17 hedge fund indices gained ground in August. Distressed Securities were up 2.31 per cent, Emerging Markets gained 1.40 per cent, the Event Driven Index was up 1.33 per cent, the Technology Index added 1.18 per cent, and Convertible
The September 2016 Eurekahedge Report finds that, over August, hedge funds witnessed their fourth consecutive month of outflows with investor redemptions totalling USD23.8 billion during this period.
However, total hedge fund assets have grown by USD17.6 billion over the past eight months with the industry's total assets currently standing at USD2.26 trillion, the firm says. Eurekahedge writes that the USD800 billion long/short equity hedge fund space has seen investor redemptions of USD19.5 billion over four consecutive months ending August. The Eurekahedge Long/Short Equity Hedge Fund Index is up 1.50 per cent for the year.
The USD1.5 trillion North American hedge
Vela Trading Technologies’ fully managed low-latency market data platform is now live at TMX, Canada’s largest integrated multi-asset class exchange group.
Vela’s managed services platform has enabled TMX to launch new services for the protected markets to comply with Canadian regulatory requirements.
Vela’s platform powers the TMX Information Processor (TMX IP), ensuring clients receive high quality and reliable, real-time market data. TMX will also leverage Vela’s distribution component to publish data into the STAMP format that is used in other products.
The TMX IP provides a central source of consolidated Canadian equity market data that meets standards approved
The Exchange Council of the European Energy Exchange (EEX) has approved an adjustment of the cap of the EEX Cap Future contract, as well as the launch of the Floor Future.
It has also approved other decisions regarding Straight-Through Processing (STP) for Spot Markets and the introduction of additional maturities in Power Options.
The Exchange Council discussed the reasoning behind the planned adjustment of the cap of the EEX Cap Future contract. When EEX introduced the contract in September 2014 as a means to hedge against peak prices, the cap was set to include the upper 2 per cent
The pan-European gas trading platform PEGAS and the French natural gas transmission system operator GRTgaz are extending the operating hours of the coupling mechanism between France’s PEG Nord and TRS delivery zones.
From 24 September onwards, the coupling will also be operational on weekends and bank holidays. This development follows the need of market participants and the request of the French regulator Commission de Regulation de l’Energie (CRE).
In July 2011, GRTgaz and Powernext launched the first coupling initiative in the European gas sector in July 2011 with the support of CRE. As part of this cooperation, GRTgaz intervenes
Luxembourg continues to push the innovation agenda for asset managers and investors. And with a rich heritage supporting UCITS, the Grand Duchy is building substance under AIFMD to further enhance its reputation as the EU’s leading fund distribution centre.
Charting the rise of innovation
Luxembourg has continuously risen to the challenges of market evolution over the years. So much so that, in many respects, it has become the shining light for how a funds jurisdiction needs to operate in today's highly regulated environment. Year after year, the Grand Duchy has updated its legislation and introduced new fund structures to keep ahead
itarle, an independent provider of multi-asset algorithmic trading, Smart Order Routing (SOR) and Transaction Cost Analysis (TCA) services, has made its optimised execution algorithmic strategies available through the multi asset OMS and EMS platform from Celer Technologies.
These algorithms have been built from the ground up using individual market microstructure properties for a fully tailored and adaptive execution service.
At a time when market participants are increasingly adopting algorithmic trading strategies, this partnership sees itarle integrate its services across a multitude of asset classes and product lines.
Paul Lynch (pictured), CEO of itarle, says: “Cultivating new relationships with
California-based financial services communications consultancy KCD PR has acquired Wall & Broadway, a boutique consultancy specialising in technology clients with an emphasis in the fintech sector.
As part of this transaction, Wall & Broadway founder Philippa Ushio has joined KCD PR as a managing director.
“Our acquisition of Wall & Broadway with Philippa Ushio at the helm brings not only complementary financial services experience, but also deep Silicon Valley credentials across technology and fintech. These are areas in which we have actively begun expanding, and we are thrilled Philippa will be joining our firm as a Managing Director to
The Bank of England has authorised ICE Clear Europe as a central counterparty (CCP) in accordance with the European Market Infrastructure Regulation (EMIR).
In order to be authorised, ICE Clear Europe has demonstrated that the clearing house’s governance, operations, risk management, treasury and banking infrastructure is EMIR compliant.
"ICE Clear Europe is delighted that our clearing operations have been authorised by the Bank of England in line with the requirements of EMIR and we will continue to work closely with our clearing members and their customers as the European clearing mandates come into force over the coming months,” says
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