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Deutsche Asset & Wealth Management (DeAWM) has hired Mihir Meswani and Nicolas Laporte as Portfolio Managers to further strengthen the firm’s Hedge Fund Advisory business.
Both will focus on advising clients on custom portfolio solutions and employing liquid alternatives such as managed accounts, UCITS and ’40 Act funds.
“Mihir and Nicolas bring to Deutsche AWM deep experience in building and managing hedge fund portfolios,” says Tim Gascoigne, Head of Hedge Fund Advisory for Deutsche AWM. “We are excited to welcome them to our team and look forward to the contributions their complimentary skills will bring as we continue to grow
Rothschild & Cie and EDHEC-Risk Institute have announced the creation of a new research chair at EDHEC-Risk Institute entitled "Active Allocation to Smart Factor Indices."
This new chair will follow on from the previous Rothschild & Cie research chair at EDHEC-Risk Institute on "The Case for Inflation-Linked Corporate Bonds: Issuers' and Investors' Perspectives."
Led by Professor Noël Amenc, Director of EDHEC-Risk Institute, and Professor Lionel Martellini, Scientific Director of EDHEC-Risk Institute, the research chair team will examine the benefits of smart beta allocation. The goal is to provide a quantitative assessment of the benefits expected from the three following sources
The SEC has adopted two sets of rules requiring security-based swap data repositories (SDRs) to register with the SEC and prescribe reporting and public dissemination requirements for security-based swap transaction data.
The SEC also proposed certain additional rules, rule amendments and guidance related to the reporting and public dissemination of security-based swap transaction data. The new rules are designed to increase transparency in the security-based swap market and to ensure that SDRs maintain complete records of security-based swap transactions that can be accessed by regulators.
The rules implement mandates under Title VII of the Dodd-Frank Wall Street Reform and
The London Metal Exchange (LME) has announced plans to enhance participation and liquidity on its electronic platform, LMEselect.
The LME is focusing on increasing liquidity on standard monthly dates to provide a simpler way to trade existing LME futures.
“Our market’s unique structure is strengthened by the involvement of many types of participant. We aim to work alongside our members and our Committees to improve access to trading – particularly on our electronic platform, LMEselect – by removing any structural barriers faced by existing and potential LME users,” says Matthew Chamberlain, Head of Business Development at the LME.
Maximising monthly
Rothschild Asset Management has strengthened its alternative investment business with the appointment of Shakil Riaz as Head of US Alternative Portfolio Management and Global CIO.
In addition, Anthony Marzigliano, who has worked with Riaz since 1995, when they were responsible for managing JP Morgan's proprietary hedge fund investments, will also join as a Managing Director. Both appointments will be effective in early April 2015.
Riaz and Marzigliano's combined decades-long experience in customising hedge fund solutions for the proprietary portfolio of JP Morgan, as well as for institutional clients, will further enhance Rothschild's global reach and long-standing track record in alternative
Eurex Repo, the marketplace for international secured funding and financing, continued to grow in 2014.
Combined average outstanding volumes for GC Pooling and the Euro Repo markets reached a new record level of around EUR200 billion on an annual basis. Of this sum, the secured money market GC Pooling totalled EUR158.5 billion average outstanding volumes, an increase of 3 per cent compared with 2013. This increase was accompanied by higher transaction and quote volumes. On a monthly average basis the number of transactions grew 42 per cent year-on-year and the number of quotes by 24 per cent. Furthermore, GC Pooling
The Lyxor Hedge Fund Index was down -0.3% in December (YTD -0.2%). 3 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+3.5%), the Lyxor L/S Equity Variable Bias Index (+1.2%), the Lyxor Merger Arbitrage Index (+0.2%).
Slower and disparate global recovery. The end of 2013 optimism was tempered in Q1. EU recovery failed to gain traction under deflationary pressures. The Japanese momentum was cut short by its consumption tax. The pulse in China peaked during the summer. EM growth continued to moderate overall, with substantial country divergences. The US
Company culture is the most important factor cited in avoiding regulatory problems, according to Kinetic Partners’ survey of almost 300 financial services professionals.
More than half (53%) of financial services senior executives said culture was the most important factor to get right in order to avoid regulatory problems. Ensuring governance is a priority amongst board members – selected by 30% of c-suite respondents – was the second-most cited.
According to Kinetic Partners’ 2015 Global Regulatory Outlook (GRO) report, fewer than one in ten (9%) of senior managers polled put their faith in risk monitoring and compliance as the key
Aggregate hedge fund performance was -0.15% in December, the industry’s fourth monthly decline in the second half of 2014, according to vestments latest monthly hedge fund performance report.
The drop brought Q4 performance to a virtually flat level, 0.03%. For the full year 2014, hedge funds returned an aggregate of +2.48%.
With their best quarterly return since Q4 2010 (six months prior to the first stage of the European sovereign crisis), managed futures strategies ended 2014 as the best performing major hedge fund strategy, returning +8.63% in 2014. The last year managed futures produced industry leading performance was 2008.
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JPES Partners, a marketing and communications consultancy specialising in the asset management sector, has appointed Toby Mitchenall and Krupa Parmar to its team.
Mitchenall joins as a Client Director from BackBay Communications, where he was responsible for establishing and growing the company’s London office. He has over 10 years’ experience in financial services communications, both in an agency role and as a journalist, and has advised clients on all aspects of strategic communications, content, branding and crisis management. Toby is a former editor of Private Equity International magazine and therefore brings a detailed understanding of the issues facing the private
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