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The value of assets under custody held by Clearstream on behalf of customers registered an increase of six per cent to EUR12.1trn in February 2014 compared to EUR11.4trn in February 2013.
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by five per cent from EUR6.1trn in February 2013 to EUR6.4trn in February 2014, while domestic German securities held under custody in the German central securities depository (CSD) increased by seven per cent from EUR5.4trn in February 2013 to EUR5.7trn in February 2014.
In February 2014, 3.7 million international settlement transactions were processed,
Marc Spilker is to step down as president of alternative investment manager Apollo Global Management and as a member of the firm’s executive committee.
Apollo’s executive committee will continue to manage the firm and will rely upon the firm’s management committee of senior executives from the firm’s investment and infrastructure functions to assist in implementing the firm’s growth initiatives and manage day to day operations.
Members of Apollo’s executive committee are Leon Black, chairman and chief executive officer; Josh Harris, senior managing director; and Marc Rowan, senior managing director.
Spilker (pictured) will stay on as a senior advisor
The Neuberger Berman Absolute Return Multi-Manager Fund, which offers investors access to hedge fund managers at lower fees and account minimums, has exceeded USD1bn in assets under management.
Launched on 15 May 2012, the fund is managed by members of the Neuberger Berman hedge fund solutions team, which has significant experience managing fund-of-hedge fund strategies. The team allocates fund assets to multiple hedge fund advisers that employ distinct alternative investment strategies.
The fund is available to retail investors, does not charge performance-based management fees, offers daily liquidity, has lower investment minimums than typical hedge funds and full transparency of
TABB Group estimates buy-side firms need to deposit approximately USD2trn in cash and other eligible assets at central counterparty clearinghouses (CCPs) to comply with the new clearing requirement for swaps.
“Capital is a scarce resource that cannot be squandered by overestimating a margin call,” says Will Rhode, director of fixed income research at TABB, who co-wrote “Margin Call: New Risk Tools for the Buy Side,” with contributing analyst Sol Steinberg. “Efficient collateral usage will become an integral, growing factor in a firm’s investment and hedging strategy as improved risk analytics come of age.”
Across 50 one-to-one conversations with US-based asset managers, hedge funds, banks
Bonaire, a Broadridge Financial Solutions company, has migrated its Software as a Service (SaaS) solution to the Broadridge hosting environment.
Bonaire offers its customers three distribution models: in-house installation, SaaS and business process outsourcing.
Since 2008, Broadridge has maintained an ISO 27001 Certification for the facility and the Tier III plus data centres through which the SaaS services will be provided to help ensure the security of client data.
Gerard Scavelli, president, mutual funds and retirement solutions group, Broadridge, says: "We are pleased to bring our Bonaire revenue and expense management capabilities to the middle market on a managed
Robeco Group is planning to focus on growth in the coming years having finalised a revised strategy for the 2014-2018 period.
Robeco been working on developing this revised strategy since the acquisition of a 90 per cent stake in the group by ORIX Corporation in July 2013.
Robeco’s strategy 2014-2018 will further build on the foundations laid in the previous strategy period. During that period Robeco’s assets under management have grown from EUR132bn at the start of 2010 to EUR205bn at the end of 2013, of which 47 per cent are institutional. The EBIT has increased by 84 per
A Japan-focused multi-strategy hedge fund run by three former Goldman Sachs Group Inc managing directors returned 38 per cent in its first two months, according to two people with knowledge of the matter.
The Golvis Asia Opportunities Fund, which started trading on Jan. 6 with money from its founding partners and employees, began accepting capital from outside investors in February, they added, declining to be identified because the information is private. Ryan Collins, head of business development at Singapore-based Golvis Investment Pte, declined to comment.
The fund, run by a team of 12 employees led by Chief Investment Officer
New York-based activist hedge fund Nanes Balkany Partners I, a shareholder of Petrogrand AB, is supporting Shelton Petroleum's increased offer for Petrogrand.
On 14 March 2014, Shelton announced an increase of the consideration offered from 0.34 to 0.44 Shelton B shares for each Petrogrand share. The acceptance period is up to and including 28 March 2014 CET 17.00.
Nanes Balkany Partners built a significant position in Petrogrand in 2013 and began a public campaign in April 2013 urging Petrogrand's board to close the major disconnect between Petrogrand's historically depressed share price and the value of its cash and to
First Derivatives (FD) is to use the Pivotal One platform to deliver “next-generation” financial applications to the capital markets industry.
FD plans to offer consulting services for the design and implementation of financial solutions in areas such as surveillance, risk management and trading.
Pivotal One is an integrated platform that includes a set of application and data services that run on top of Pivotal CF, the enterprise distribution of Cloud Foundry.
The increasing importance and complexity of data in the financial services industry requires robust and adaptable technology to support its evolving fabric. From structured to unstructured, time
Lyxor Asset Management has made two senior management appointments in the US, which will take effect in early August 2014.
Nathanaël Benzaken (pictured) has been appointed as chief executive officer for Lyxor in the US. He will be based in New York and will report to Lionel Paquin, chief executive officer of Lyxor Asset Management.
With over 13 years’ experience in asset management, Benzaken will bring a wealth of technical, client relationship and managerial skills to his new position. He is currently head of managed account development since 2009 and deputy head of alternative investment business line since 2012.
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