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Holland Clearing House is to be renamed ICE Clear Netherlands, effective 27 July, 2015 following its acquisition by ICE in December 2014. ABN AMRO Clearing Bank holds a minority stake.
ICE Clear Netherlands is focused on providing a reliable service against transparent and predictable pricing, using robust risk management systems. The Dutch clearing house provides central counterparty clearing (CCP) services for a range of equity and index derivatives contracts listed on TOM (The Order Machine), a Multilateral Trading Facility (MTF) based in the Netherlands.
ICE operates seven clearing houses across North America, Europe and Asia to meet the requirements
Last week London ground to a halt. Tube drivers went on strike for 24 hours. Chaos ensued as city workers jumped on their bikes, hailed cabs or, worse, squeezed onto the next available bus to get to the office.
It is perhaps fitting, therefore, that just days before the strike Hedgeweek went to visit Murano Systems, a company who likes to think of itself as a matchmaker for hedge funds and institutional investors. Like London, the hedge fund industry, which now boasts anywhere up to 14,000 hedge funds, has bottlenecked into one almighty traffic jam.
Murano exists to help allocators
German Ramirez has joined Kingsview Asset Management as a Senior Vice President of the Private Client Services Division.
“I’m thrilled to join a group of professionals focused on providing value for clients,” says Ramirez. “I appreciate the support Kingsview Asset Management is able to offer, while having the flexibility to meet client needs on a case-by-case basis.”
A Finance graduate of Florida International University, Ramirez holds the Series 7, 66 licenses and is a Certified Financial Planner. Presently he is a Level 2 Candidate for the Chartered Market Technician (CMT) designation, with plans for completion in 2016. He was
Beechbrook Capital, the specialist direct lender, is launching a new fund to support UK small and medium-sized businesses turning over between GBP5 million and GBP50 million.
The Beechbrook UK SME programme represents a significant addition to the private credit sector which has hitherto been dominated by debt funds competing to finance larger buyouts. Beechbrook is looking to raise between GBP100 million and GBP200 million with a first close planned for October 2015. The fund will target mainly senior secured loans in non-private equity backed UK companies.
The fund builds on the existing funds of Beechbrook, which invest in private
Data management platform provider Accudelta has launched a new regulatory reporting solution called ‘Runway to Regulation’, designed to help asset managers keep up with changing regulation requirements.
The new solution is part of a service upgrade which saw the MoneyMate platform formerly known as ‘Fund ProductMaster’ being rebranded as ‘Accudelta’. The upgrade also saw a reduction in deployment time and a revised pricing structure offering greater access to asset managers of all sizes.
The new ‘Runway to Regulation’ solution is a four step process which provides asset managers and their consultants with a platform for effective data management and
Total global hedge fund industry capital rose to the 11th consecutive quarterly record level in Q2 2015, according to the latest HFR Global Hedge Fund Industry Report.
Investors allocated USD21.5 billion in net new capital to hedge funds in Q2 2015, the largest quarterly inflow since Q214, with allocations concentrated in Equity Hedge and Relative Value Arbitrage strategies, as well as in the industry’s largest hedge fund firms. The second quarter inflow increased H1 2015 inflows to USD39.7 billion and total industry capital to USD2.97 trillion globally, as the hedge fund industry approaches the USD3 trillion milestone. The HFRI Fund
A collaborative effort by Bermuda’s regulator and government, supported by industry stakeholders and the Bermuda Business Development Agency (BDA), has lined up new legislation to position the Island as a strong contender among jurisdictions vying to meet European standards set for alternative fund managers.
Newly drafted amendments to the Investment Business Act (IBA) reinforce Bermuda’s highly-respected regulatory reputation and place the domicile in a favourable situation to be considered for “third-country,” or non-European Union, passport rights under the Alternative Investment Fund Managers Directive (AIFMD). It is anticipated that non-EU fund managers covered by the passport would generally be allowed to
In an extract from the Preqin Quarterly Update: Real Estate, Q2 2015, we investigate private real estate funds currently seeking investor commitments, featuring the latest data.
The number and aggregate target capital of closed-end private real estate funds in market has remained relatively consistent during Q2, with 417 vehicles looking to raise USD149bn as of July 2015 (Fig 1). The majority of funds in market are focused primarily on North America (56 per cent), with the region also representing 58 per cent of the total targeted capital (Fig 2). The number of funds focused on regions outside North America,
Private equity fundraising is analyzed in this extract from the Preqin Quarterly Update: Private Equity, Q2 2015, featuring the latest data and breakdowns by fund strategy and geographic focus.
Following the typical drop-off in the number of funds closed from Q4 to Q1, Preqin’s Q2 2015 data shows a levelling off of vehicles reaching final close, with 243 funds closed during the quarter (Fig 1). However, there has been a continued dip in capital raised, with USD113bn secured by funds closed in Q2 2015, down from 241 funds securing USD129bn in Q1 2015.
In line with the trend observed
Corporate, private client and funds business, Hawksford, has enhanced its management capabilities with four director promotions.
Private client specialist Steve Carr joined Hawksford, formerly Rathbones, in 2000. As director he will be responsible for developing new products and services, growing the business in new jurisdictions and expanding the private client team. A member of the Institute of Chartered Secretaries and Administrators and Chartered Management Institute, Carr has experience working with clients across a diverse range of industries including retail, manufacturing, entrepreneurial and the sporting and entertainment sectors.
Daniel Hainsworth has been appointed director and will play a significant role in
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