Latest News
SuMi TRUST Global Asset Services' trustee business, SMT Trustees (Ireland) Limited, has been appointed as the AIFMD depositary for Cologny Advisors’ Camox Fund.
The investment strategy of the Camox Fund is based on fundamental research in the selection of securities for both long positions and short positions.
The investment manager runs its own valuation models for each of its individual investments and holds meetings and discussions with the management of companies in which it invests or is considering for investment. The policy of the Camox Fund is to maintain a concentrated portfolio of equities mainly across the European region
Alternative investment marketplace FNEX has teamed up with PENSCO Trust Company to enable PENSCO clients and their advisors to access FNEX.com through their PENSCO accounts.
Through this partnership, investors and financial advisors who custody with PENSCO will be able to source, review and invest in a variety of alternative investments.
Launched in September 2013, FNEX.com is a web-based platform that provides accredited investors, investment advisors, family offices and institutions access to private investment opportunities offered by investment banks and funds across the US. The distribution platform lists offerings and provides investors with the necessary tools to educate themselves on
Peak Ridge Capital has appointed Daniel J Greene as a partner.
Greene will be primarily responsible for assisting Peak Ridge Capital in the continuing expansion of its alternative investments platform.
Greene has more than a decade of investment experience across the pension and financial sectors. In his most recent role as the chief executive officer of the City of Boston Retirement Board, Greene was responsible for both the administration of member benefits and the oversight of the USD5bn investment portfolio.
Prior to the CEO role, Greene spent eight years as the deputy executive officer and investment manager for
Private financial cloud provider Options has completed the upgrade of the route between its venues in Savvis Weehawken, New Jersey (NJ2) and Equinix Secaucus, New Jersey (NY4).
The newly upgraded link uses the fastest fibre path available, reduces round-trip latency on the route by 36 per cent and will further complement the firm’s wireless connectivity, in addition to providing tailored balances of speed, availability and cost.
This latest announcement follows a busy 12 months on the connectivity front for Options that saw the firm add Quincy Data’s Quincy Extreme Data (QED) service, enabling the managed service provider to offer
Sturgeon Ventures, the regulatory incubator, has entered into a joint venture with Dublin-based Gandon Alternative Fund Management to offer a full regulatory service for alternative investment funds (AIFs) in Europe.
It is the first regulatory incubation service to offer full coverage for both the Alternative Investment Fund Managers Directive (AIFMD) and the Markets in Financial Instruments Directive (MiFID).
The service offers a regulatory option to AIFs, especially those that are smaller scale or currently lightly regulated, as the deadline for compliance with the AIFMD rapidly approaches. In the UK, the directive is due to be passed into law on
INTL FCStone has received regulatory approval from the UK Financial Conduct Authority to consolidate the businesses of its two UK subsidiaries, INTL FCStone Ltd (IFL) and INTL Global Currencies Ltd (IGC).
IFL is a full scope investment firm providing advisory, execution and clearing services to commercial clients who wish to mitigate their price exposure to FX, metals, energy and soft commodities.
IFL is a category 1 ring dealing member of the London Metal Exchange, a full clearing member of ICE Clear Europe, CMECE, and LCH EnClear, and offers clearing services on a host of global exchanges through group affiliates.
Morgan Stanley Capital Group (MSCGI) has agreed to pay a USD200,000 civil monetary penalty to settle CFTC charges that it exceeded speculative position limits in soybean meal futures contracts trading on the Chicago Board of Trade (CBOT).
The CFTC order finds that, beginning on 14 January 2013, MSCGI held in its house accounts net long positions in the CBOT soybean meal futures contract in excess of the all-months speculative position limit of 6,500 contracts established by the CFTC.
The order further finds that, on 15 January 2013, MSCGI decreased its net long position in CBOT soybean meal futures, but
2013 was a record year from a transaction perspective with EUR64bn of Europe’s non-core loans sold as part of portfolio transactions last year, a 40 per cent increase on the previous year, according to PwC.
Increased activity levels were mainly driven by the UK and Ireland, along with Spain and Germany.
Richard Thompson, partner, PwC, says: “We expect that 2014 will be another record year for the European non-core loan market, with activity levels expected to reach an all-time high of around EUR80bn. We also estimate that loan portfolios with a total face value of more than EUR30bn have
Nomura Asset Management has migrated its Japanese equity business onto the Charles River Investment Management Solution (Charles River IMS), and is expanding its use across the firm's domestic and international fixed income, foreign exchange and derivatives operations.
A client since 2008, Nomura users worldwide benefit from Charles River's single, integrated solution for equity portfolio management, trading and real-time compliance monitoring.
"Charles River IMS is a scalable, multi-asset, multi-currency solution that consolidates numerous systems at Nomura into a global platform," says Masanao Tsuda, senior managing director, IT strategy and management, Nomura Asset Management. "It is a strategic choice to use
In the aftermath of the 2008 financial crisis, the ongoing process of bank recapitalisation presents a compelling opportunity for bond investors, says Ariel Bezalel (pictured), manager of the Jupiter Strategic Bond Fund…
Developing positions in the banking sector
In Q3 2012, we took the decision to develop positions in the deeply subordinated bonds issued by banks in the UK and Germany. With central bank policy becoming more progressive in Europe (Mario Draghi would soon make his “do whatever it takes” pledge) and the US (QE3 was on its way), we were attracted to the sort of value on offer for an
