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Lebenthal Asset Management (LAM), the asset management division of Lebenthal Holdings, has appointed Barbara Doran as a portfolio manager.
Doran will focus on large-cap growth equity strategies, joining a team that currently has capabilities in all-cap value, all-cap GARP, small- and mid-cap growth, income equity and taxable and tax-exempt fixed income.
“I am pleased to welcome Barb Doran to Lebenthal,” says James B Lebenthal (pictured), president of LAM. “Her specific portfolio management acumen will be a great resource for Lebenthal Asset Management and its client base, while her marketing skills will play a vital role in our asset-gathering process.
Eze Software Group has enhanced its mobile offerings with the release of Eze Mobile for iPhone 6 and 6 Plus. The app gives users of the Eze Software OMS access to critical compliance, trading and portfolio management functionality on the go.
The functionality is already available for iPad and other mobile devices.
Eze Mobile will enable portfolio managers to use analytics data in real time, ensuring access to the latest portfolio updates on the go, including P&L. Compliance officers can ensure they can manage pre- and post-trade compliance alerts, view potential violations and manage restricted lists. Users can send
The London Metal Exchange (LME) is to introduce market-making programmes to support the launch of new products and enhance liquidity on existing contracts. These are the first programmes of their kind to be introduced by the LME in its 138-year history.
The programmes will provide market makers for the LME’s forthcoming aluminium premium contract and two new ferrous contracts – steel scrap and steel rebar – set for launch on 23 November 2015. The LME is also today announcing a similar market-making programme, coming into effect on 1 October 2015, to boost existing third Wednesday contract liquidity on LMEselect as
The real estate funds industry is alive and well from an asset raising perspective. In 2012, private RE funds closed with USD72 billion in committed institutional assets. By 2014, that number had increased by 45 per cent, according to leading alternative asset data provider, Preqin.
While this is encouraging, the reality is that for most RE managers, the playing field has become extremely competitive as more players enter the arena to compete for a share of the assets.
Institutional investors favour the big global names in real estate who are attracting the lion’s share of assets, in a similar fashion
With concerns regarding infrastructure asset pricing ranking highest among institutional investors surveyed by Preqin, this extract from Preqin Infrastructure Spotlight – August 2015 examines the rise in average infrastructure deal sizes by geography, industry and project stage.
Global average deal size
As an asset class, infrastructure has grown in prominence and significance in recent years, although infrastructure deal flow has fluctuated alongside this. The number of completed infrastructure deals grew rapidly from 733 in 2009 to 1,056 in 2013. However, in 2014 the number of deals tailed off: only 883 deals were completed, with a further 325 completed this year so far.
Hedge funds moved into health care stocks and shifted out of info tech stocks in Q2, according to S&P Capital IQ’s latest quarterly hedge fund tracker.
Health care drove the bulk of hedge fund buying for the second straight quarter, with net buys of USD7.2 billion, up from USD4.8 billion in Q1. The sector now constitutes 26 per cent of the holdings for ten largest hedge funds.
In a sign that activist investing is alive and well, activist target Baxter International was a top buy in Q2. This stock now constitutes about 18 per cent of Dan Loeb’s Third
Liquidnet has launched its Next Gen Algo suite, designed to enhance the trading performance of its asset manager Member community around the world with precision tools built to address the complexities of institutional trading.
Liquidnet’s Next Gen Algos, in development for more than a year, have been engineered to address three key institutional needs: seeking large-scale liquidity, outperforming benchmarks, and trading portfolios.
“Our Next Gen Algos are the only ones that leverage Liquidnet’s deep and diverse pool of institutional liquidity spanning five continents and 13.7 billion shares in more than 7,500 symbols. As one of the few unconflicted, agency-only
Chicago-based futures brokerage and clearing firm RJ O'Brien & Associates’ (RJO) London affiliate RJ O'Brien Limited is now live on the London Metal Exchange (LME) following its July 23 approval as a Category 2 clearing member.
RJO Chairman and Chief Executive Officer Gerald F Corcoran says: "We are very pleased to expand our capabilities and offer our clients direct services on the LME. This represents our first general clearing membership on a foreign board of trade. As we proceed on our product and regional growth initiatives in Europe and globally, we intend to strategically join a number of additional exchanges
The Corporate Solutions business of Nasdaq (Nasdaq:NDAQ) and Visible Alpha are teaming up to provide detailed analyst forecast data and models on the Nasdaq IR Insight platform.
Through this partnership, select corporate executives and investor relations officers will gain the capability to compare and contrast the financial and operating assumptions of the sell-side analysts that drive market expectations of their companies.
"We are excited about the opportunities and insights this new collaboration with Visible Alpha will bring to our clients," says Brian Reynolds, Vice President, Corporate Solutions, Nasdaq. "By providing more granular estimate details from the leading brokerage firms, our
The Credit Suisse Hedge Fund Index up 0.87 per in July with eight of the ten sub-strategies recording positive performance for the month.
Managed Futures led the way with a return of 4.33 per cent, followed by Dedicated Short Bias (3.88 per cent), Long/Short Equity (1.52 per cent), and Global Macro (1.26 per cent).
The other positive performers for the month were Multi-Strategy (1.00 per cent), Equity Market Neutral (0.56 per cent), Fixed Income Arbitrage (0.30 per cent) and Event Driven 0.18 per cent).
The month’s biggest loser meanwhile was Emerging Markets which was down 2/01 per cent,
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