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Recent major investment aimed at growth within Jersey’s financial services industry is a positive indicator of confidence within the market, according to Geoff Cook, chief executive of Jersey Finance.
The Ogier Group announced this week that Ogier Fiduciary Services has been subject to a management buy-out with ambitious growth plans, backed by private equity manager Electra Partners, whilst Apex, one of the world’s biggest fund administration firms, recently opened an office in Jersey.
This follows the results of the recent Jersey Business Tendency Survey, which found that just over half of financial services firms anticipate a rise in employment
Commodities have had a tough time since the global financial crisis, but are we starting to see the light appear a little sooner than forecast? Scott Wolle (pictured), chief investment officer for the Invesco Global Asset Allocation (IGAA) team, highlights why they maintain a constructive view of commodities and the role that they can play in Invesco’s portfolios…
On the surface, 2014 looks to be a tough year for commodities, as multi-year projects increase the flow of supplies to market even as demand has turned tepid, especially in emerging markets. However, a deeper look at the history of this asset
The Securities and Exchange Commission (SEC) has charged a pair of Florida college professors with perpetrating a complex naked short selling scheme for more than USD400,000 in illicit profits.
Abusive naked short selling occurs when shares are sold without having the shares to deliver, and then intentionally failing to deliver the securities within the standard three-day settlement period.
An SEC investigation found that Gonul Colak and Milen Kostov repeatedly engaged in a series of sham transactions designed to perpetuate a naked short position as part of an elaborate options trading strategy.
Colak and Kostov were required to deliver
MarketAxess SEF Corporation’s self-certification of available-to-trade determinations for certain credit default swap (CDS) contracts is now self-certified, according to the Commodity Futures Trading Commission (CFTC).
The CDS contracts included in MarketAxess’ MAT Determination were previously determined to be made available to trade as a result of an earlier MAT Determination submitted by TW SEF LLC (Tradeweb) that was self-certified on 27 January 2014.
Under Commission regulations, these CDS contracts, whether listed or offered by MarketAxess or any other swap execution facility (SEF) or designated contract market (DCM), will become subject to the trade execution requirement under section 2(h)(8) of
CBOE Futures Exchange plans to launch trading of futures with weekly expirations on the new CBOE Short-Term Volatility Index (VXST) on 13 February, pending regulatory review.
Chicago Board Options Exchange developed the index in response to demand for Weeklys options generally, and volatility contracts that measure a shorter time period in particular.
Like CBOE's flagship CBOE Volatility Index (VIX Index), the Short-Term VIX Index reflects investors' consensus view of expected stock market volatility using CBOE's proprietary VIX methodology.
Both indexes use S&P 500 Index (SPX) options in their calculations. The VIX Index uses SPX monthly options to measure expectations
Natixis Global Asset Management has come to market with the launch of a new UCITS fund. As reported by Citywire Global, the firm has launched a UCITS-compliant version of its Global Emerging Bonds fund. Until now the fund had only been available to French investors when it launched in October 2011.
The UCITS fund will be available to investors in Belgium, Germany, Italy, Luxembourg, the Netherlands and the UK and joins Natixis’s Luxembourg-domiciled SICAV. Sebastien Thenard and Brigitte Le Bris will continue to run the investment strategy as lead managers. The fund invests approximately 70 per cent of its assets
The market for non-US companies raising capital in depositary receipt (DR) form remained strong in 2013, with USD10.5bn in DR capital raised.
According to an industry report from Citi, initial public offerings in DR form drove issuance, representing USD5.6bn – or 54 per cent – of the total, as IPOs rebounded during the fourth quarter of 2013.
In 2013, follow-on offerings in DR form represented approximately USD4.9bn – or 46 per cent – of the total, up 135 per cent compared to 2012. The EMEA region was at the forefront of overall capital raising with 17 issuers raising approximately
DDJ Capital Management is forecasting increased risk in 2014 along with positive returns for investors in non-investment grade bonds and leveraged loans, which comprise the US leveraged credit market.
In 2013, US high yield bonds and leveraged loans were the two best-performing asset categories within the global credit markets, significantly outperforming other fixed income strategies, according to David Breazzano, DDJ's president and chief investment officer, in the firm's Leveraged Credit Review and Outlook: The Tale of the Taper.
"With an improving economy and very few potential catalysts for widespread corporate defaults, we think that investors will once again
The structural shift among investors toward greater asset allocation to alternative investments will benefit asset managers with expertise in alternative asset classes, according to Moody’s Investors Service.
A new report has found that well-established alternative asset managers with proven track records such as Blackstone, KKR, Oaktree and Carlyle will clearly benefit from this marked trend.
However, traditional asset managers that have begun building their capabilities in alternative assets, such as BlackRock (A1), Invesco Ltd. (A3), Clipper Acquisitions (Ba1), Neuberger Berman Group (Ba1), Franklin Resources (A1) and Legg Mason (Baa1), will also benefit.
Assets under management (AUM) will see
Broadridge Financial Solutions has appointed Bennett Egeth as president of its newly-expanded investment management business.
Building on Broadridge's 2011 acquisition of Paladyne Systems, this business offers investment managers, global banks, broker-dealers and fund administrators solutions for investment management, reference data and risk technology including enterprise-wide order management, portfolio management and reporting.
Paladyne Systems will become part of the Broadridge investment management business.
Egeth brings knowledge and expertise in helping global investment managers, asset servicing providers, banks and broker-dealers increase revenue and solve problems in complex operating environments.
"Over the last two years, Broadridge has reinforced its commitment
