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PineBridge Investments has released its annual Investment Outlook Mid-Year Update – “The Global Economy Slowly Inches Upward," which finds that the global economy remains on a recovery trend, but the path continues to be more uneven than expected at the beginning of 2015.
The PineBridge 2015 Mid-Year Update looks at how the global economy has performed as compared to predictions at the beginning of the year. Growth in the US and China has slowed, with the latter likely to undershoot the politically sensitive 7 per cent growth target. Eurozone equities and bonds have been a pleasant surprise this year, and
ClearBridge Investments, a specialist in Environmental, Social and Governance (ESG) investment, has launched the ClearBridge Sustainability Leaders Fund, the first ClearBridge ESG equity strategy to be offered in a mutual fund format.
The new fund enables shareholders to make an impact through responsible investments and access the ClearBridge team's more than two decades of ESG experience.
The ClearBridge Sustainability Leaders Fund takes a multi-cap approach that seeks financially attractive companies with demonstrated ESG leadership, as well as emerging opportunities. Reflecting ClearBridge's position on the forefront of ESG investing and commitment to long-term results through active management, the fund aims to
Contix has enhanced its social media event detection platform for traders, further enabling alpha-generating opportunities for retail and institutional traders.
Contix has expanded to mine both traditional and social media to identify key market events that impact stock prices. Contix also now offers social networking functionality so that traders can further collaborate within their own teams in a compliant way.
“As the lines between traditional and social media blur, traders need to be using every possible surveillance opportunity to ensure they don’t miss valuable minutes when a stock price may be moving,” says Ryan Bailey, CEO and Co-Founder of
Global Markets Exchange Group Limited (GMEX) has become a member of the Swiss Futures and Options Association (SFOA). GMEX is authorised and regulated by the UK Financial Conduct Authority (FCA) to operate GMEX Exchange.
Hirander Misra, CEO of GMEX Group, says: “Joining the SFOA is part of our strategy to engage with a wider internationally diverse audience with emphasis on both developed and emerging derivatives markets aligning to GMEX Group's core focus areas.” He added, “We look forward to highlighting the benefits of GMEX Exchange, with its pioneering interest rate swap constant maturity futures products (IRS CMF), to a global
Managed futures traders lost 0.17 per cent in May according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 1.83 per cent year to date.
“Global interest rates pushed higher and created losses for managers that were positioned for lower rates, particularly in the European and Japanese markets,” says a spokesman for BarclayHedge.
Four of Barclay’s eight CTA indices lost ground in May. The Diversified Traders Index was down 0.62 per cent, and Systematic Traders gave up 0.42 per cent.
“Most managers continued to profit from the strength of the US Dollar against the Yen,
McKay Brothers International has chosen Interxion’s Central London data centre campus to deploy the lowest known latency connections between the City of London & Slough and the City of London & Frankfurt.
By colocating at the Interxion London Campus and cross connecting to McKay Brothers European network, trading firms and market makers can all equally benefit from microwave and millimetre wave links to key European Financial centres and thereby achieve better risk management and trading.
McKay Brothers is the leading low latency microwave network provider and already runs well-established US microwave networks between Illinois and New Jersey, as well
NN Investment Partners (NN IP, formerly ING Investment Management) has appointed Ivan Nikolov as a Senior Portfolio Manager in the firm’s Convertible Bonds team.
Nikolov will be based in NN IP’s London office and and will report to Tarek Saber, Head of Convertible Bond strategies. His main focus will be to support the (L) Global Convertible Opportunities Fund.
Prior to joining NN IP, Nikolov was a CB investment manager at Aberdeen Asset Management, also in London. He previously worked at KNG Securities trading European and Asian CB’s and carried out credit research. Nikolov started his career at Pine River
Contineo, a new industry-backed messaging network for equity-linked structured products whose on-boarding subscribers include Julius Baer, Barclays, BNP Paribas, Goldman Sachs, HSBC, JP Morgan and Societe Generale, has begun live operations.
Contineo facilitates transactions between buy- and sell sides. Managing Director Mark Munoz says the firm’s ‘go-live’ represents a new phase in the evolution of the structured products market.
“Contineo has been developed by the industry, for the industry,” he says. “Our agnostic platform is open to all participants and, through our Advisory Group, we are bringing the industry’s key players together for the first time to develop a
Preqin currently tracks 519 activist hedge funds collectively managing over USD140 billion in assets, an increase from the USD127 billion as of December 2014. Activists take an approach to investment which is akin to that of private equity, an approach which typically involves a long time horizon.
By engaging with management and participating in strategic decision making, they seek to maximise shareholder value, for example through operational improvements and financial restructuring. The anatomising nature of the strategy generates headlines and can lead to distrust; activists have been known to depose CEOs of major corporations (notably Sotheby's, Microsoft and Procter &
How ICAP’s EBS BrokerTec’s central limit order book for spot FX managed the SNB’s CHF de-peg…
The decision by the Swiss National Bank (SNB) on 15 January 2015 to de-peg the Swiss franc from the euro sent the markets into turmoil and left a trail of casualties. Within a twenty-minute period, between 9.30am and 9.50am UK time, the CHF went into hyper drive, appreciating almost 30 per cent as it pulled away from its three-year peg at 1.20 francs per euro to reach 0.85 before falling back close to parity.
There are many reasons why the SNB decided to take
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