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The bond rally is to run out of steam and investors should stay overweight equities, according to Luca Paolini (pictured), Chief Strategist at Pictet Asset Management…
The New Year has begun with investors experiencing a reversal of the trends they saw in 2013.
Growth momentum remains solid and inflation is largely under control. What is more, stocks’ current valuations and the Fed’s decision to reduce monetary stimulus do not loom as a hindrance to equity investors.
Investors can therefore maintain a modest overweight in equities and some other riskier asset classes. While we expect developed market stocks to deliver
Derivatives collateral management cloud technology provider CloudMargin has connected with Unavista, part of the London Stock Exchange Group, to offer EMIR compliant trade reporting.
CloudMargin can collate, normalise, enhance and enrich data from a variety of sources in a variety of formats and submit correctly formatted data to Unavista.
"Clients increasingly reject the notion of using multiple third party solutions and middleware providers to cope with ever changing regulation and cover up gaps in existing systems," says Stuart McHardy, managing director of product development and COO of CloudMargin. "They demand state of the art collateral management systems delivering STP connectivity out of the box
CME Group is to launch Euro-denominated deliverable interest rate swap futures (Euro DSF) contracts on 14 April, pending CFTC review.
The product has the same economic exposure as an interest rate swap with the margin and liquidity benefits of a futures contract, and at expiration all open positions will deliver into a CME cleared Euro interest rate swap.
Other key benefits include automatic risk offsets with our liquid Treasury and Eurodollar futures and options, and reduced clearing fees as futures are not typically subject to additional costs charged by OTC clearing members.
The Euro DSF contract is designed
BI-SAM, a provider of performance measurement and attribution, risk analytics, composites management and client reporting solutions for the global asset management industry, has appointed Richard Irons as executive director Europe.
Irons has extensive sales and account management experience, spanning 25 years in the finance and banking sectors.
At BI-SAM, Irons will lead the company's business development and account management activities in Europe.
Irons joins BI-SAM from NYSE Euronext, where he was sales director for NYSE Technologies. Prior to that, he held senior sales and client relationship roles with Bloomberg, SunGard Global Trading, Thomson Reuters and Cable & Wireless.
SunGard has launched Asset Arena Data Connect, a fully automated order processing and control solution for hedge fund managers, private equity firms and fund administrators.
Asset Arena Data Connect helps firms manage incoming and outgoing alternative investment data as well as scheduling and monitoring of data processing – increasing straight-through-processing (STP) and transparency.
Delivered as a hosted solution, SunGard’s Asset Arena Data Connect enables customers to quickly use alternative investment processing platforms including the Depository Trust Clearing Corporation’s (DTCC) National Securities Clearing Corporation’s (NSCC) automated and centralised Alternative Investments Platform (AIP).
It may be used with any record-keeping
CBOE Holdings has reported its best fourth quarter results ever, as well as record revenue and earnings for the full-year 2013, marking the third consecutive year of record financial results.
For the quarter, the company reported GAAP net income allocated to common stockholders of USD45.6m, or USD0.52 per diluted share, compared with USD39.2m, or USD0.45 per diluted share, in the fourth quarter of 2012.
On an adjusted basis, net income allocated to common stockholders was USD45.6m, or USD0.52 per diluted share, compared with USD38.9m, or USD0.45 per diluted share, in the prior year period.
Operating revenue for the
Financial research firm Fitch Ratings has awarded the GBP2.5bn Ignis Absolute Return Government Bond Fund a “Strong” Fund Quality Rating following a recent fund review.
Fitch Ratings says the fund has benefitted from a differentiated investment approach, coupled with consistent outperformance and adherence to the funds philosophy since launch in March 2011.
Fitch says: “The 'Strong' Fund Quality Rating reflects the Ignis Absolute Return Government Bond Fund’s differentiated investment approach, which exploits seven different and uncorrelated sources of alpha and is supported by advanced proprietary technology.
“Fitch's review reflects the fund's consistent outperformance, the diversification benefits of effectively
Regulatory change is second only to market volatility as an executive issue for financial services firms, according to research by SunGard.
With many new regulations taking effect during the course of 2014, in some cases it is even considered the number one strategic risk.
Senior executives are now concerned that regulatory change is distracting attention from core business activities and potentially hindering companies’ ability to grow.
Adapting to new regulations is also causing financial services firms to rethink their approach to compliance and restructure their organisations accordingly. Many, however, still do not feel ready for the changes taking
Online precious metals trading platform GoldMoney has seen an increase in new gold purchases being stored in its Asian vaults, but a slowing down in the movement of gold from its western vaults to those in the east.
GoldMoney’s head of dealing, Roland Khounlivong, says: “We are still seeing a continuation of last week’s buying spree, especially for gold which represents around 92 per cent of the precious metals sold – although it has slowed compared to last week.
“What is different is that the demand is turning more global and although most of the metal is being stored
January proved to be a mixed bag in terms of strategy performance within the alternative UCITS universe. According to the UAI Global index, provided by Alix Capital, the average fund lost -0.38 per cent last month.
Eight of the eleven strategy indices ended the month in negative territory. Equity market neutral was the strongest performer, returning 0.51 per cent, followed by gains of 0.25 per cent within the UAI Fixed Income index and 0.12 per cent within the UAI Event-Driven index. The worst performing strategy was the UAI CTA index, ending the month with losses of -2.30 per cent, closely
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