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Global adoption of smart beta strategies among the largest institutional investors is strong and growing, with Europe leading North America.
A new Russell global institutional market survey, entitled Smart Beta: A Deeper Look at Asset Owner Perceptions, confirms that asset owners in North America and Europe are actively using smart beta indices in strategic and tactical ways to pursue a wide range of investment outcomes.
Survey findings show that Europe is leading North America in smart beta adoption, with 40 per cent of European respondents reporting smart beta allocations, compared to 24 per cent in North America.
However,
NASDAQ OMX NLX, the London derivatives market for trading a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-denominated listed derivative products, has appointed Anthony Belchambers, Rod Banus and Andrew Chart as non-executive directors.
Belchambers (pictured) is the former chief executive of the Futures and Options Association (now FIA Europe), which he set-up in 1993 with the industry and which now represents 170 members.
He is currently deputy chairman (and co-founder) of the Advisory Group to the European Parliamentary Financial Services Forum, and founder and industry deputy chairman of the Associate Parliamentary Group on Wholesale
The testing of technology infrastructure relied upon by financial services firms to carry out their day-to-day operations is insufficient to protect against failure.
That’s according to a survey undertaken by SunGard Consulting Services.
The smooth implementation of upgrades or new technology is crucial in helping ensure that financial services firms can offer new or improved products and services to their customers and retain a competitive advantage. Failure to properly test technology, however, can result in outages and downtime that may lose the firm business and cause reputational damage.
While testing is crucial to maintaining performance, satisfying customers and
HedgeGuard, a hedge fund, family office and asset management technology provider headquartered in Paris, has opened a Dublin office following a London launch in January.
The Dublin office, located in the Silicon Docks area, will be headed up by Loïc Baumann, HedgeGuard’s chief technical officer, who is relocating to Dublin from Paris.
Baumann has a strong background in financial technology and is a Software Architect and a Microsoft Development Technologies specialist having received an MVP award earlier in his career with Microsoft.
Imad Warde, CEO and founder of HedgeGuard, says: “Ireland, and especially Dublin’s Silicon docks, is a natural next
By Perrie Michael Weiner (pictured) and Patrick Hunnius at international law firm DLA Piper – In the past few weeks, there has been much press attention and debate regarding the legal i
Virtus Investment Partners has launched three multi-manager alternative mutual funds that will employ a range of hedge fund and alternative strategies.
The aim is to provide individual investors the opportunity to more fully diversify their portfolios for improved consistency of returns over market cycles.
The new funds – the Virtus Alternative Total Solution Fund, the Virtus Alternative Inflation Solution Fund and the Virtus Alternative Income Solution Fund – are the first liquid alternative mutual funds sub-advised by Cliffwater Investments, a joint venture between Virtus and Cliffwater LLC, a provider of alternative advisory and asset management services to institutional investors.
The Central Bank of Luxembourg is sponsoring LuxCSD for a key role in the establishment of the new Global Legal Entity Identifier (LEI) System which global regulators hope will bolster the safety of the financial system.
As part of the Global LEI System initiative, LuxCSD’s role has been extended from a Central Securities Depository to a ‘Pre-Local Operating Unit’ for Luxembourg.
The Regulatory Oversight Committee (ROC) – which brings together global regulators – has allocated the 4-digit prefix #2221 to LuxCSD as the sponsored Pre-LOU for Luxembourg. Following the completion of the ROC endorsement process, LuxCSD will initiate its
Volant Trading has expanded execution services for options traders with advanced order routing capabilities and availability through the REDIPlus Execution Management System.
The execution services division of Volant Trading, now called VOLEX Execution Services, is using specialised knowledge of the options market along with an ultra-low latency infrastructure to offer a high-speed liquidity sweep capability.
Designed for option traders, VOLEX Take Out aggressively sweeps displayed and hidden liquidity, with sub-millisecond order processing times. VOLEX and VOLEX Take Out are now available through the REDIPlus EMS platform.
“The options market microstructure is evolving quickly with 12 exchanges introducing different
German family office and BaFin-regulated investment adviser Wermuth Asset Management's (WAM) Russia-focused quant strategy has significantly outperformed a peer group of 50 since its inception, a trend which has continued in the first quarter of 2014.
Wermuth Leveraged Quant Eastern Europe Strategy remains the best-performing Russia-focused strategy since its inception in September 2005, returning +615.5 per cent vs. +39.0 per cent for the Russian RTS Index, a price index.
The strategy outperformed the RTS index and the peers in the first quarter of 2014 year: -1.1 per cent vs -15.0 per cent for the RTS index.
Yury Roslavlev, head of research
Neuberger Berman this week announced the launch of its Emerging Market Debt Blend Fund, a sub-fund of its Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds plc., following the success of the US regulated version of the same strategy, which launched in September 2013.
The Fund follows the successful introduction to the firm’s UCITS fund range of the Neuberger Berman Emerging Market Debt Hard Currency, Local Currency and Corporate Debt Funds in July 2013 and the Neuberger Berman Short Duration Emerging Market Debt Fund in December 2013. The lead managers of the fund are Rob Drijkoningen and Gorky Urquieta, Co-Heads
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