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The Order Machine (TOM) has launched The NL20 Index, a Dutch total return index that reflects the real performance of the 20 largest listed companies in the Netherlands.
The key principles of the NL20 Index are transparency, predictability, efficiency, continuity and quality.
With NASDAQ OMX disseminating the index values every second via its Global Index Data Service (GIDS) the NL20 Index has a global reach and will serve as a basis for tradable products, such as derivatives and exchange-traded funds.
The NL20 Index consists of the 20 largest Dutch listed companies by free float market capitalisation, which had
GoldMoney, the online precious metals trader, has strengthened its management expertise with the promotion of two new directors, Natasha Le Dain-Cyples and Christina Irgel.
Le Dain-Cyples and Irgel have joined chief financial officer Peter Wright in leading the day-to-day business of the British-based company with chief executive officer, Geoff Turk.
Le Dain-Cyples is head of human resources for GoldMoney. She has 20 years of senior management experience with a strong understanding of the needs of a business from a strategic people management and organisational perspective. Le Dain-Cyples joined the team in 2012 from Standard Bank where she was a
Mirabaud Asset Management has launched the Global Equity High Income Fund with assets in excess of USD25m following a six-month incubation period.
It is a sub-fund of the Mirabaud Luxembourg Sicav.
The fund will be managed by Kirill Pyshkin who joined Mirabaud earlier this year from Aviva Investors where he was a senior fund manager, global equities.
The Mirabaud Global Equity High Income Fund aims to deliver attractive and growing income from dividends, at least 25 per cent higher than that available on the broad equity market and growing above inflation, with potential for capital appreciation. Pyshkin intends
Most of the principals and employees of Rothstein Kass, a professional services firm in the hedge fund industry, are to join US audit and tax advisory firm KPMG.
The move brings together KPMG’s alternative investments presence and global reach with Rothstein Kass’ expertise and personnel.
The transaction is expected to close in the coming weeks, and terms of the agreement will not be disclosed.
“Combining the strength of KPMG and its global reach with Rothstein Kass’ leading market position will create the preeminent professional services provider in the hedge fund market,” says John Veihmeyer, global chairman of KPMG.
Friends Life, the insurance and pension provider, has agreed a new syndicated loans mandate worth GBP200 million with Ares Management.
The alternative asset manager will be investing in UK and overseas senior secured syndicated loans.
The deal marks Friends Life’s entry into this asset class and follows other recent mandates awarded to third-party specialist managers for infrastructure and commercial real estate loans, each worth GBP500 million.
This GBP200 million investment is being made from shareholder funds and offers the potential for higher returns on this capital.
Tim Tookey, chief financial officer at Friends Life, says: “I am
Traditional investment managers are better positioned relative to alternative managers to meet retail investors' growing demands for liquid alternative investments (liquid alts), says Fitch Ratings.
The reasons include the experience and scale that traditional managers enjoy in fund distribution, combined with our expectation that many of the defining attributes of typical alternative products can become muted under the US mutual fund construct.
Despite these advantages for traditional managers, long-term success will hinge more on the balance between fund costs and product performance than manager type.
Fitch defines liquid alts as a form of investment that combines an open-end
The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that provides relief to each of the five Canadian banks that are registered with the CFTC as swap dealers.
The five Canadian banks covered by the no-action letter are: the Bank of Montreal, the Bank of Nova Scotia, the Canadian Imperial Bank of Commerce, the Royal Bank of Canada, and the Toronto Dominion Bank.
The letter provides no-action relief with respect to the requirement that swap dealers furnish risk exposure reports on a quarterly basis, as mandated by Regulation 23.600. In particular, the letter provides time-limited
The capacity conundrum continues to be one of debate and it has become increasingly apparent that it is not solved simply by the provision of an arbitrary headline number or cap. Geoff Ruddick of IMS takes a look at the key things to consider when assessing the capacity of an independent director.
Introduction
There has been an extraordinary focus on ‘numbers’ and ‘caps’ in the last few years in reference to a director’s ‘capacity’ to fulfill his or her fiduciary duties. In many respects, an arbitrary number or cap has become analogous, and arguably in some cases the sole
Jersey Finance is hoping that a recent increase in visits to the Gulf by both the regulator and senior government ministers will boost finance business attracted from the region.
In addition to the recent activity which included visits to the United Arab Emirates, Qatar and the Kingdom of Saudi Arabia, and an Arab Ambassadors’ visit to the island, Jersey Finance is also a co-sponsor of both the Super Return Conference in Dubai, a three day event in October which attracts senior delegates from the region and a conference staged by Euromoney in Qatar later in the year.
Jersey Finance
First Derivatives, a provider of software and consulting services to the capital markets industry, has launched an integrated trade execution, risk management and surveillance solution for FX markets.
The solution enables brokers to provide value-added services to their clients by monitoring for unauthorised trader activity, detecting unusual trading patterns and offering a sandbox environment for testing and validating new trading models.
Combined with its accompanying market replay facility for forensically reviewing historical trading patterns, this integrated offering enables brokers to meet their regulatory obligation to provide a fair and efficient trading venue for their clients and liquidity providers alike.
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