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Schroders this week announced that assets under management in Schroder ISF Global Multi-Asset Income have surpassed USD5bn. The fund only launched just over two years ago in April 2012 with flows coming from Asia, Europe, Latin America and the Middle East.
It’s a significant milestone to reach.
The fund, which aims to provide sustainable income by investing in high quality income generating securities across a range of asset classes, regions and sectors, is managed by Aymeric Forest and Iain Cunningham. The objective is to pay a distribution of 5 per cent annually in monthly or quarterly installments.
Aymeric
Iain Fulton has been appointed as the new chief operating officer of Malta-based Prestige Capital Management.
Fulton joined the company in May 2014 on a full time basis and will also support for various Prestige companies internationally.
This additional resource will ensure greater professional and management capacity and enable Prestige to achieve its ongoing regulatory obligations including the Alternative Investment Fund Managers Directive (AIFMD) and European Market Infrastructure Regulation (EMIR) obligations, along with its medium term expansion plans.
Fulton first worked for Investcorp Bank in Bahrain before moving to Merrill Lynch and then to Wellington Management International, both
The European Securities and Markets Authority (ESMA) has launched a first round of consultations to prepare for central clearing of OTC derivatives within the European Union.
The two consultation papers seek stakeholders’ views on draft regulatory technical standards (RTS) for the clearing of Interest Rate Swaps (IRS) and Credit Default Swaps (CDS) that ESMA has to develop under the European Markets Infrastructure Regulation (EMIR).
With the overarching objective of reducing systemic risk, EMIR introduces the obligation to clear certain classes of OTC derivatives in central clearing houses (CCPs) that have been authorised (European CCPs) or recognised (third-country CCPs) under
Atlanta-based TLC Capital Group is preparing the launch of a new option-hedged market neutral fund, the Salvus Hedged Yield Fund, which will employ the firm’s proprietary hedged yield strategy.
The strategy was developed by chief investment officer William J Taylor, a 30+ year veteran of the Chicago financial markets and original member of the CBOE.
The strategy employs the use of large- and mid-caps with historically increasing dividends and within tightly selected criterion, and utilises options combinations to mitigate downside, while employing defined leverage to achieve alpha, with liquidity and low volatility.
“The fund is designed for the
Eurex is set to extend its product range by introducing a listed variance future on 22 September 2014, based on the EURO STOXX 50, the most prominent equity index in Europe.
Variance futures replicate the pay-off profile of a variance swap using a daily-margined futures contract. Instead of a final settlement payment upon expiry the pay-off profile of a variance swap is calculated as the sum of all variation margin payments through the period the variance futures contract is held.
Variance futures are standardised instruments that are fully fungible and can be traded in a central order book. It
Rob Laible has joined Liquidnet as head of the firm’s global performance team.
Based in New York, Laible will work in close coordination with the sales, technology and product development teams across all regions with primary responsibility for leading and driving the marketing, sales, execution, and servicing of Liquidnet’s algorithmic trading services, execution desks and analytics as well as management of its liquidity partner relationships.
He will be a member of the leadership team reporting to Liquidnet’s chief operating officer, John Kelly.
“We continue to focus on integrating all of our solutions and identifying ways to drive institutional
Fund of funds specialist Titan Advisors has appointed Herman Laret, formerly of Credit Suisse, as a senior research analyst for the firm's manager research global macro team.
"Herman is a powerful addition to the firm's research team," says Tom Holliday, Titan chief investment officer. "His depth of experience and industry contacts will further enhance our capacity to source the hedge fund industry's most promising management talent."
With 24 years of experience in financial services, Laret joins Titan from Credit Suisse, where he was a managing director in global cross-asset macro product sales. He previously served as co-head of interest
Euronext has launched Spotlight Options on six companies listed on its Amsterdam market: Telegraaf Media Groep, Sligro Food Group, Exact Holding, Accell Group, Altice and BE Semiconductor Industries.
Spotlight Options give more visibility to underlying assets such as medium and smaller sized companies and newly listed stocks through a unique combination of liquidity provider support and strong promotion by sponsoring brokers.
Spotlight Options are a special segment on the Amsterdam and Brussels derivative markets of Euronext, dedicated to the development of new option classes requested by market participants.
The options will have short-term maturities of one, two and
Liquidnet saw record second quarter performance in Asia Pacific as the company benefited from strong demand across the region for safe access to block trading among large institutions.
Principal traded climbed to a record USD6 billion, marking a four per cent increase on the previous quarter which was also a record.
The region reported record average daily liquidity of USD11.6 billion, a nine per cent jump from Q1 2014.
The average trade size across the region during the quarter was around USD1.2 million, an increase of seven per cent over the first quarter.
Lee Porter, head of
Netagio, the UK-based digital currency broker, has launched the first British exchange enabling retail customers and institutional investors to trade gold, Bitcoins and GBP on a single peer-to-peer platform.
Customers from 114 countries around the world can now trade each asset class against each other on the exchange.
Netagio’s Bitcoin, gold and sterling exchange is designed for retail customers and institutional investors with an appetite for opportunity. For the first time, customers can build and trade a Bitcoin, gold and GBP portfolio, and trade in and out of Bitcoin vs gold vs GBP positions quickly and easily on a
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