Latest News
The business of asset management has grown exponentially more complex over the last decade. As system technology and data management improves, managers are devising ever-new investment strategies to find that elusive source of alpha.
Bank loan funds, direct lending funds, liquid alternatives, separately managed accounts that offer institutional investors sub-sets of a manager’s equity long/short strategy for example; all are bubbling away in a heady alchemical mix. This is putting an incredible strain on the operational model; one that no longer holds water compared to a decade again when the product universe was simple and managers operated free of regulation.
Nuveen Investments has hired Derek Sasveld as Managing Director, Head of Multi-Asset Class Solutions.
In this new role and reporting to Margo Cook, Nuveen Investments’ Senior Executive Vice President, Head of Strategy & Multi-Asset Class Solutions, Sasveld will lead Nuveen’s newly formalised Multi-Asset Class Solutions business platform.
Building upon Nuveen’s existing efforts in Results-Driven Investing and drawing upon the deep expertise of Nuveen Investments’ affiliates and product development teams, Sasveld will be charged with developing a robust program of outcome-oriented investment solutions for retail investors. This program will include portfolio allocation models, a customisable advisory support platform for financial
Convertible bonds were prominent among the 203 newly listed securities on the Channel Islands Securities Exchange (CISE) during the first half of 2015.
The number of new listings is up 14.7 per cent on the same time last year and takes the total number of listed securities on the CISE to 2226 at the end of June 2015.
Fiona Le Poidevin (pictured), Chief Executive Officer of the CISE, says: “It has been a strong start to the year for the CISE and it is especially encouraging that we have developed a new pipeline of business in convertible bonds.
Transaction Network Services (TNS) has established a new connection into the co-location service of JPX, Japan’s main bourse.
Under the agreement, TNS is offering high speed, reliable, cost-effective connectivity services to the JPX Co-location Service via its secure link into the arrownet-Global Service, an ultra-low latency end-to-end network service enabling market participants to connect directly from overseas markets into JPX’s co-location facility under a single contract. From there, customers can reach JPX group members, including the Osaka Securities Exchange and Tokyo Stock Exchange (TSE).
Ryusuke Yokoyama, Executive Officer at TSE, says: “Our primary mission remains firmly aligned with our role
BNY Mellon has appointed Mariano Giralt as head of Global Tax Services. Giralt will be responsible for the growth and development of the company’s Global Tax Services business.
Previously he was head of Tax Services for Europe, the Middle East and Africa. Mariano will continue to report to Dan Kramer, head of Global Fund Accounting and Issuer Client Service Delivery at BNY Mellon.
“When Mariano joined BNY Mellon’s Tax Services team four years ago he was a team of one, now we have 12 people in our Tax Services team, with the ability to expand as client needs arise,”
Aquis Exchange, the subscription-based European equities exchange, is to begin trading Spanish blue-chip stocks.
The expansion of the Aquis Exchange trading universe by the addition of the 35 largest Spanish stocks will take place on Thursday, 20 August 2015 and brings the total number of markets covered by the exchange to 13.
Alasdair Haynes (pictured), CEO of Aquis Exchange, says: “We had always planned to have Spanish stocks on our platform as part of our phased roll out. Member appetite for investing in Spain has grown recently and we are responding to this demand. Also, as of early September, the
Managed futures traders gained 0.87 per cent in July according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.48 per cent year to date.
“A rally in the value of the US Dollar sparked by the expectation of imminent Fed tightening, coupled with fears of China joining Japan and the Eurozone on the loosening bandwagon generated gains for CTAs," says Sol Waksman (pictured), founder and president of BarclayHedge.
“Short commodity positions also contributed sizeable gains as the S&P GSCI plunged 14.3 pe rcent fuelled by the rising US Dollar, slowing demand from China, and too much
Robert Zable is to become the lead portfolio manager of the Blackstone/GSO Senior Floating Rate Term Fund (NYSE: BSL), the Blackstone/GSO Long-Short Credit Income Fund (NYSE: BGX) and the Blackstone/GSO Strategic Credit Fund (NYSE: BGBeach Fund).
Zable will takeover following the retirement of the funds’ current lead portfolio manager, Lee Shaiman, on or before 30 September, 2015.
Zable is a Managing Director with GSO Capital Partners LP (GSO), the parent company of GSO/Blackstone Debt Funds Management LLC (GSO DFM), the Funds’ investment adviser, and serves as the Chairman of GSO DFM’s investment committee. Zable is also the senior portfolio manager
Instinet Europe has received FCA authorisation as a Payment Institution, allowing the firm to offer a safeguarded cash management and payment service solution to clients looking to purchase investment research through ‘hard dollar’ research payments.
Instinet applied for the registration in March 2015 with the aim of complementing its market leading Commission Management business. Instinet’s first clients are expected to go live in August 2015, through their integrated cash management and broker review platform, Plazma. The payment service solution, available to investment firms throughout the EU, will provide long term optionality, continuity and stability in how they manage the consumption
With its rich industrial heritage, large urban centres and sizeable working population, the Midwest region is a major contributor to US GDP. Preqin presents an overview of the private equity industry in this business hub, which you can download for free.
Read the full factsheet here, which contains key charts, tables and information on the private equity industry in the Midwest US.
Special Reports
FeatureD
- Insight
