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A total of 72 per cent of European capital market participants believe that there is not sufficient transparency in the European fixed income markets today.
That’s according to a survey of approximately 200 senior buy- and sell-side market participants conducted at the MarketAxess and Trax European Capital Markets Forum.
Support for increased post-trade transparency is up sharply compared to last year's forum, where just over half believed further transparency was needed.
While 56 per cent of respondents at the forum believe pre-trade transparency under MiFID II will harm European fixed income markets, 55 per cent saw the post-trade transparency requirements
New Mountain Vantage Advisors has launched its US equity long/short fund on the MontLake UCITS platform. MontLake provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
New Mountain Vantage is an affiliate of New Mountain Capital (NMC) a New York-based asset management firm with aggregate assets under management totalling more than USD15 billion.
New Mountain Vantage, founded in 2006, currently manages approximately USD2.9 billion across US long/short and benchmarked/long-only funds. The investment strategy is predominantly focused on bottom-up research, concentrating on mid and large-cap US companies.
The New Mountain Vantage
Changing financial rules and regulations are the most pressing issue on the minds of almost half (47 per cent) of the Chief Financial Officers at US hedge funds, according to a poll by execution broker and research provider ITG.
The need to streamline compliance processes is an issue for 37 per cent of the respondents to the poll, while 49 per cent cite European moves to unbundle research payments from equity trading commissions as a clear concern.
If Europe moves towards a "hard unbundling" of research payments from commissions, 65 per cent of the CFOs surveyed said they would likely
PwC has further strengthened its leadership team with a number of promotions aimed at meeting ongoing growth opportunities in the Channel Islands.
Newly admitted Partner, Mike Byrne (pictured), and recently appointed Directors, Chris Van Den Berg and Alex Burne, will play key roles in facilitating the sustained growth PwC continues to experience in the local market.
Jersey-based Byrne, who has been with the firm for over 15 years, leads the Asset Management industry for PwC in the Channel Islands, with a personal focus on private equity and hedge funds. The scope of his international work and experience of working in
Senior secondaries practitioners expect to achieve pre-leverage returns of just 9-13 per cent on a deal-by-deal basis over the next three to five years, and anticipate a fall in pricing in the second half of 2015.
This is according to a poll of over 80 senior members of the secondaries industry, taken at the Secondaries Investor Forum in London on 1 July, 2015.
Despite this, secondaries insiders expect deal volume to remain relatively flat this year at between USD40 billion and USD45 billion. The findings are representative of a market dominated by high demand for a low number of desirable
Societe Generale is launching a new range of leveraged listed products called Société Générale (FR) Turbos Infinis Best on Euronext Brussels aimed at enhancing returns on the short-term or at hedging investors portfolio on the medium term.
The underlying asset can be a single stock, an index or a currency pair, etc with a tailor-made gearing.
“We are pleased to welcome Societe Generale’s new product range on Euronext Brussels,” says Vincent van Dessel (pictured), CEO of Euronext Brussels. “After the successful launch of Societe Generale’s first Leverage and Short Certificates on the BEL 20 Index in 2014, this new
Great Lakes Fund Solutions have launched CrowdKey, software-as-a-service (SaaS) that provides online private placement platforms with a white-labeled crowdfunding site and an outsourced back office.
CrowdKey allows platforms to accelerate their time to market, reduce fixed formation costs, perform a variety of vendor management and compliance functions, outsource their call centre and back office, and quickly begin to display deals for investors.
The vendor-hub features of CrowdKey allow online private placement platforms to tap into banking, legal and fund administration resources to keep issuers in compliance and actively structuring deals rather than becoming immersed in clerical work. CrowdKey is
The Depository Trust & Clearing Corporation (DTCC) has appointed Jim Turley (pictured), Co-Head of Group Technology and Operations (GTO) for Deutsche Bank, to its Board of Directors.
The Board provides direction and oversight for DTCC in the interests of its diverse stakeholders, while promoting safety and stability across the global financial markets. Currently, the Board is composed of 19 directors. Of these, 12 are representatives of clearing agency participants, three are non-participant directors, two are designated by DTCC's preferred shareholders, and the remaining two are DTCC's Executive Chairman and its President and Chief Executive Officer. Jim Turley joins the Board
Sunday’s referendum has pushed Greece closer to euro-area exit. A Greek departure would plunge the region into uncharted waters, with unpredictable consequences. But policymakers have powerful tools to combat contagion and prevent a Greek accident sending the rest of the region back into recession, says Darren Williams (pictured) – Senior Economist, Europe, AllianceBernstein…
Greece has taken another big step towards euro-area exit following a decisive “no” vote in yesterday’s bailout referendum. While the referendum was not a formal vote on Greece’s membership of the euro area, it was a huge rejection of the fiscal discipline and reforms that go with it.
This
Interactive Data, a provider of fixed-income evaluated pricing, is to provide hourly snaps from its continuous evaluated pricing feed to Algomi Honeycomb (Algomi).
Interactive Data will provide evaluated prices to the Honeycomb platform for high-yield and investment-grade US and European corporate bonds. The data will be available to help Algomi buy-side clients to achieve increased pre-trade transparency and price discovery.
“Our goal is to give our clients the ability to access pre-trade price data which can be used to help facilitate trades in increasingly illiquid markets,” says Usman Khan, Chief Technology Officer and co-founder, Algomi. “Our Honeycomb buy-side clients
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