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UBS Hedge Fund Solutions has become the first investment manager to re-domicile a Cayman fund as an ICAV under the Irish Collective Asset-management Vehicle Act of 2015.
ICAVs are a new corporate fund vehicle in Ireland which are tailor-made for investment funds as they combine the advantages of each of the existing fund vehicles used in Ireland into one. The result is a more efficient and effective fund structure over the alternatives, such as a public limited company, with a simplified compliance framework and enhanced distribution opportunities.
UBS Hedge Fund Solutions, the Investment Manager, collaborated on the development
Soltra, a joint venture of FS-ISAC and The Depository Trust & Clearing Corporation (DTCC), is to launch the Soltra Network, a new offering designed to connect cyber threat intelligence sharing across intelligence producers, intelligence consumers, communities and cyber security tools.
The new service will work alongside Soltra’s existing threat information sharing platform, Soltra Edge. Soltra Edge was developed in partnership with the financial services industry; its cyber security capabilities have been extended to other key segments, including the retail and healthcare sectors.
Soltra Edge acts like a threat intelligence server that aggregates and distributes threat content within an organisation and
The results of the latest Valuations Index from the CFA Society of the UK (CFA UK) show that the proportion of respondents who view Developed Market Equities as undervalued has more than doubled, whilst the number who view them as overvalued has fallen sharply.
This swing suggests that Developed Markets may be stabilising following the recent market volatility. The number of investment professionals surveyed who regard Developed Market Equities as overvalued has fallen below 50 per cent for the first time in 2015, dropping from 61 per cent in Q2 to 47 per cent in Q3. Similarly, those polled who
FIX Trading Community has formed a new Working Group to focus on the growing number of Digital Currency and Blockchain technology initiatives. Many of the FIX Trading Community members have internal groups focusing on this topic.
With the creation of the FIX Trading Community’s new Digital Currency and Blockchain Working Group, this will enable wider business and technical discussion and collaboration.
The core focus of the Digital Currency and Blockchain Working Group is to identify, analyse and define use cases and integration points for digital currency and distributed ledger technologies across the spectrum of capital markets requirements, and recommend best practices for FIX implementation and usage
As part of its strategy to develop its derivatives segment, Euronext is introducing the first “Spotlight Options” on the Paris market.
The dedicated segment for spotlight options benefits from a unique market model designed by Euronext to give more visibility to underlying assets, such as medium and smaller sized companies and newly listed stocks. Eight new “Spotlight Options” have been admitted to listing with immediate effect, following the companies’ successful IPOs on Euronext in Paris: Coface, Elior, Elis, GTT, Numericable Group, Tarket, SPIE and Worldline.
The extension of the segment to Euronext Paris follows the success of the spotlight options
Aston Hill Asset Management is changing the investment objectives of the Aston Hill North American Dividend Fund and the Aston Hill North American Dividend Class.
The new investment objectives of the Funds are as follows:
The investment objectives of American Dividend Fund the fund are to generate a high level of income and long- term capital growth by investing primarily in a mix of income-producing securities, including but not limited to, equity securities, common and preferred shares, real estate investment trusts (REITs), convertible securities, investment grade fixed income securities, higher yielding, lower quality fixed income securities, floating rate debt
A group of strategic investors are to acquire a controlling ownership interest in Canadian asset manager Front Street Capital through a new company FS Group Holdings Ltd.
The transaction is expected to close prior to 31 December, 2015, subject to approval of Canadian securities regulatory authorities. The terms of the agreement have not been disclosed.
"We are excited to make this investment, and partner with one of the most dynamic and talented management teams in the Canadian asset management industry," says Gordon McMillan, one of the principals of the Investor Group. "We intend to build upon Front Street Capital's
Macro Risk Advisors (MRA), a provider of global equity derivatives strategy and trade execution for institutional investors, has appointed Meikel Mokry (pictured) as an Equity Derivatives Salestrader.
"Meikel brings a strong base of equity derivatives knowledge and valuable experience in delivering daily market insights," says Brian Bier, the Co-Head of Equity Derivative Sales and Trading at MRA. "Our institutional client base continues to seek our help to implement trades that effectively leverage volatility. Meikel's product knowledge furthers our mission in this area."
MRA's expansion of its salestrading effort comes as investors continue to confront global risks and look to the
Having learned through the recent crises about the limited payoffs and significant risks of excessive reliance on security asset selection models, investment managers and institutional investors are showing unprecedented interest in asset allocation approaches as sources of performance.
It is against this backdrop that in 2008, CFA Institute and EDHEC-Risk Institute, the premier European institution for applied research into risk and investment management, partnered to offer advanced executive education programmes to senior investment industry professionals and introduced what remains their flagship programme – the three-day “Advances in Asset Allocation” seminar. The course presents the latest research in advances in asset
This factsheet from Preqin brings you up to speed with the latest data and information on private equity backed deals and exits that took place in Q3 2015. The factsheet features top-level industry statistics, key takeaways and listings of the largest deals and exits to have occurred in the third quarter.
View the factsheet here.
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