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STOXX has introduced daily currency hedged versions of the EURO STOXX 50, EURO STOXX, EURO STOXX Select Dividend 30, STOXX Europe 600 and STOXX Europe Select Dividend 30 indices.
The new indices are aimed at investors seeking exposure to these well-known STOXX benchmarks, while at the same time looking to reduce the risk of currency fluctuations.
The GBP and USD hedged versions of the EURO STOXX 50 Index have been licensed to Lyxor ETF, to underlie two exchange-traded funds, which are available on London Stock Exchange.
“Increasing exchange rate volatility can lead to significant deviations between index performance in local
Chi-X Canada ATS Limited has released CX2’s Odd Lot Facility pricing schedule and confirmed its launch on Wednesday, 1 April, 2015.
CX2’s Odd Lot Facility will offer unique features which include the ability to immediately execute marketable odd lot IOC orders for all TSX listed and TSX Venture listed securities at the contra-side of the Canadian Best Bid Offer (CBBO).
Dan Kessous, CEO of Chi-X Canada, says: “We would like to thank the trading community which was the key driver behind the inception of CX2’s Odd Lot Facility. We recognise that Chi-X, the largest competitor to the primary market, is
Sourcing sufficient liquidity to get large trades done is the top concern of institutional traders globally, according to a survey conducted by Liquidnet, the global institutional trading network.
Even as confidence in equity inflows returns, 84% of the survey’s respondents were either “concerned” or “very concerned” about being able to source liquidity in the current market. Liquidnet’s annual Institutional Voice survey canvassed the views of more than 115 buy-side equity traders around the globe.
The survey found that nearly two thirds of US and EMEA asset managers expect an increase in equity inflows in 2015, with US asset managers
Northern Trust’s hedge fund administration business, Northern Trust NTRS, has appointed David Burnett (pictured) as head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa (EMEA).
Based in London, Burnett will lead Northern Trust Hedge Fund Services in EMEA, reporting to Peter Sanchez, global head of Northern Trust Hedge Fund Services.
“Managing hedge funds amidst the challenges of today’s market environment requires the right combination of expertise, automation and controls,” says Peter Sanchez, global head of Northern Trust Hedge Fund Services. “David has been instrumental in integrating Hedge Fund Services in EMEA and his invaluable experience will
bfinance has appointed two new advisory professionals. Alexandra Martinez joins as a Director and William Nicholson as an Associate, both in the UK and Ireland Client Coverage team.
Martinez has over 10 years of experience in financial services, most recently consulting for pension funds, family offices and corporate investors. Prior to joining bfinance in January 2015, Martinez was a partner at Arbour Partners, an investment advisory and placement firm and a partner of St James’s Place Wealth Management. Martinez started her career as a management consultant at PWC and worked in the UK, USA and South East Asia. Alexandra holds
Geneva-based alternative assets placement agent MCAM Group has appointed James Han as Managing Director for Asia, based in the firm’s new Hong Kong office.
Prior to joining MCAM, Han was Group Head of Private Placement Services at KTB Investment & Securities, one of South Korea’s largest independent investment banking and brokerage firms. Before that, he was a founding partner at Straight Wharf Capital Management, an Asian equity long/short hedge fund seeded by Julian Robertson’s Tiger Fund Management. Han’s career spans over twenty years and has included working for two leading US-based hedge funds including Balyasny Asset Management and Tiedemann Global
O’Shaughnessy Asset Management (OSAM), a quantitative money management firm with approximately USD7 billion in assets under management, has expanded its portfolio management team.
The firm also has appointed industry veteran Matt Waz to head up its new West Coast office, while awarding a series of internal promotions and equity partnerships.
Ehren Stanhope has been promoted to Principal and Client Portfolio Manager; Manson Zhu has been promoted to Vice President and Research Analyst; and Pooja Shah assumes the new title of Associate and Research Analyst. All three came to the portfolio management team from other groups within the firm.
Frank Fitzgerald
CME Group Executive Chairman and President Terry Duffy will appear before the US House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit, Wednesday, 25 March, to discuss reauthorising the Commodity Futures Trading Commission (CFTC).
"The one overriding issue that is facing the US derivatives markets today can be summed up in one word – equivalence," says Duffy. "The EU continues to hold up US equivalence over the single issue of margining standards – even though it has recognized other jurisdictions, including Singapore, that employ similar margin standards to those in the US Our margin policies meet or exceed all applicable
Jersey has an opportunity to diversify its alternative funds capabilities and a growing role to play as a European domicile supporting US fund managers, according to panellists at this year’s Jersey Finance Annual London Fund Conference.
Discussing global opportunities for Jersey, the panel at this year’s conference, which took place on 19 March at 8 Northumberland Avenue and was entitled 'Winning Moves', highlighted that there was real potential for Jersey to build on its strong track record in the real estate and private equity fund asset classes, galvanise its hedge fund offering and diversify further within the alternative asset classes.
Vontobel Asset Management is to acquire a 60 per cent stake in TwentyFour Asset Management LLP (TwentyFour), an independent fixed income specialist based in London.
The transaction strengthens Vontobel’s presence in the UK market, extends its fixed income product offering and underlines its commitment to broaden its asset management business through targeted investments. Adding TwentyFour’s entrepreneurial culture and focused investment approach to Vontobel’s highly successful Fixed Income Boutique and global reach creates an excellent opportunity to accelerate the growth of both groups. Vontobel and TwentyFour will offer clients a broader range of specialised fixed income strategies, for which there is
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