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The first trades in GMEX’s Euro-denominated IRS Constant Maturity Future (IRS CMF) have been successfully executed, cleared and settled.
This new product has been available for the electronic arranging of transactions on GMEX’s platform with trade confirmation and clearing on Eurex since 7 August 2015.
At launch, a number of trading and clearing members have been able to trade and clear including Bank of America Merrill Lynch, Société Générale and RJ O’Brien. GMEX and Eurex are continuing to admit and connect further market participants to trade the IRS CMF contracts, including large sell-side banks, buy-side firms, futures trading houses and
CSC is to acquire Fixnetix, a provider of front-office managed trading solutions in capital markets, enabling CSC to offer capital market clients an expanded range of as-a-service front office capabilities.
the acquisition will also strengthen CSC’s ability to address growing client demand for greater efficiency and innovation in trading, market data, hosting, infrastructure, connectivity and risk management.
Capital market firms of all sizes are facing rapid change amid more stringent customer, regulatory and competitive requirements. With sophisticated systems that are often cost- prohibitive to run in-house, firms are looking to outsource the management and operation of trading systems’ infrastructure
ESMA’s AIFMD passport regime update was ‘inconclusive', says Tim Thornton, Chief Data Officer, MUFG Fund Services…
ESMA’s update on the functioning of the AIFMD passport regime and the potential for extension to third party AIFMs was viewed as inconclusive, but there were some positives for non-EU managers to take from the guidance.
ESMA has recognised that difficulties caused by divergent approaches and interpretations between jurisdictions indicate that the extension of passporting would be helpful. This is encouraging as the divergence in approach remains a big issue for non-EU managers and funds.
Non-EU managers and funds require jurisdiction by
The average time taken for private real estate funds to reach a final close so far this year is the longest it has ever been. This extract from Preqin Real Estate Spotlight: August 2015 explores the key trends that emerge when comparing time on the road to fundraising success and past performance in an increasingly competitive market.
The real estate fundraising landscape remains a competitive one, despite increasing institutional demand for exposure to the asset class. Preqin’s Real Estate Online contains detailed profiles for over 4,900 private real estate funds worldwide, which include information on strategy and geographic preferences, fundraising,
Weeden Prime Services, a prime brokerage services provider for hedge funds, has expanded its sales and client services teams.
Joining the Weeden sales team are industry veterans Robert Jordan and Andrew Brown. Jordan had been a partner of Wells Fargo’s Prime Brokerage division since 2008. He was instrumental in establishing and expanding Wells Fargo’s presence in the Boston, Massachusetts area and will play a similar role at Weeden.
“It’s an exciting time to join Weeden Prime,” says Jordan “The emerging and middle market hedge fund manager needs a reliable and dedicated prime services partner that will provide the platform
Citi has made a number of strategic hires to its Investor Services franchise in Europe, the Middle-East and Africa (EMEA).
Simon Kempton will join as EMEA Head of Prime Finance and will be responsible for driving the growth of Citi’s Prime Finance platform throughout the region. He will report to Chris Cox, EMEA Head of Investor Services and Adam Herrmann, who joined Citi from UBS earlier this year as Global Head of Prime Finance.
Daniel Caplan will join as EMEA Head of Investor Services Sales. In this role, he will be responsible for building and leading Citi’s regional sales
Sliced Investing, an online alternative investment platform that gives accredited investors access to elite investments like hedge funds and private equity, has launched Sliced Institutional.
Sliced Institutional is dedicated to giving registered investment advisors (RIAs) access to a suite of alternative investments while also automating all the manual tasks associated with private investments. Sliced Investing is launching the platform with a strategic partnership with Krusen Capital, who provides access to over 35 private offerings – many of which are household name hedge funds or private equity funds. Financial advisor firms Harvest Financial Group, Fort Point Capital and Caerus Advisors are
FTSE Russell has expanded the FTSE Global Factor Index Series, with the launch of two additional indexes intended to capture Dividend Yield and Momentum factors.
The extension of the index series reflects the high level of client interest around index tools that can be used to capture specific factors.
The new indexes complement the existing single factors already calculated by FTSE Russell, namely Illiquidity: Residual Momentum; Quality; Size; Value and Volatility. They are based on the FTSE Developed and FTSE Emerging indexes and use a common framework and methodology to provide controlled exposure to a target factor, whilst considering
There has been a constant flow of negative stories about the hedge fund industry over the past couple years including the insider trading scandals, hedge fund fees being too high, hedge fund performance comparing badly versus the S&P 500 index, and CalPERS divesting of hedge funds.
Many of these articles suggest that it is just a matter of time before investors wise up and begin redeeming from these over-priced investments.
However, contrary to these stories, eVestment recently reported that 2Q 2015 hedge fund asset inflows were the 2nd strongest quarterly inflows since the third quarter of 2009, bringing total industry
Confluence, a specialist in investment data management automation for regulatory, financial and investor reporting, has added to its London team with the appointment of Katie Kiss as Director of Performance Analytics.
Kiss has more than 12 years’ experience in the performance measurement field. She previously served as Global Solution Manager for Performance at SS&C Technologies. Prior to that, she spent 10 years at UBS Global Asset Management where she served as UK Head of Performance for six years. She was responsible for performance reporting and analysis.
At Confluence, Kiss will be charged with the implementation of a global go-to-market
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