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Steven Ferrigno (pictured), Managing Director EMEA for Allegro Development Corporation, comments on Monday’s announcement from the European Securities and Markets Authority (ESMA) regarding the reporting deadline for EMIR, the European Market Infrastructure Regulation regime…
After months of wait-and-see, ESMA fired the starting gun on Monday for its much-discussed EMIR energy derivatives regulatory scheme, registering four new trading repositories and setting a firm reporting obligation for energy market participants starting 12th February 2014.
Also on Monday, the EU rejected ESMA’s draft implementing technical standard for EMIR. So reporting will begin on 12-February 2014 for transactions executed both on, and off,
BNY Mellon as expanded its global markets capabilities with the launch of a new Asia-Pacific capital markets business through The Bank of New York Mellon Securities Company Japan Ltd, based in Tokyo.
The company is now able to provide dealing services on an agency basis across a broad range of fixed income and equity securities for institutional clients in Japan and certain other countries in the Asia-Pacific region.
The company has added a nine-strong team of broker-dealer and capital markets specialists to its existing foreign exchange services capabilities in Tokyo. The new team is led by Eiichiro (Eric) Masaki
CBOE Holdings is to launch futures and options on the CBOE Russell 2000 Volatility Index in the coming weeks.
CBOE Futures Exchange (CFE) will begin trading the futures (VU) on 18 November, and Chicago Board Options Exchange (CBOE) plans to introduce trading in the options (RVX) on 2 December.
The Russell 2000 Index is a measure of the performance of small-capitalisation US stocks and an effective gauge and play on the health of the US economy – 84 per cent of the revenues generated by the companies in the index come from within the US.
VU futures and
Corporate credit specialist Muzinich & Co has launched an emerging market short duration corporate bond fund.
The Muzinich & Co Emerging Markets Short Duration Bond Fund, an Ireland-domiciled UCITS structure, will invest in a diversified portfolio of short duration investment grade and high yield corporate bonds from emerging markets-focused issuers.
The fund will focus on hard currency bonds and is managed by Warren Hyland and Christina Bastin.
“The potential returns from emerging markets are very compelling,” says George Muzinich, chief executive and founder of Muzinich & Co, “But due to the divergence of returns between countries and issuers,
Alternative asset manager The Carlyle Group has closed a USD415m collateralised loan obligation (CLO) fund, the firm's sixth new-issue CLO this year with four in the US and two in Europe.
Carlyle Global Market Strategies CLO 2013-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.
Carlyle's third new-issue US CLO fund of 2013 closed in June at USD517m. With the close of the latest CLO, Carlyle has raised more than USD2.16bn in the US in 2013. Since the beginning of 2011 the firm has raised approximately USD5.86bn of CLOs globally including the
Evidence shows that Guernsey continues to meet the demands of both private equity managers and their investor base, writes Guernsey Finance chief executive Fiona Le Poidevin (pictured)…
Guernsey’s pedigree as a leading funds domicile relies on its ability to continually meet the demands of fund managers and their investor base. Figures to the end of June 2013 show that the value of funds under management and administration in Guernsey reached GBP286 billion (USD457 million; EUR338 million) – an increase of 5.6 per cent on a year previous – with private equity comprising more than GBP87 billion. Indeed, global private equity
Agecroft Partners is seeking to add a hedge fund to its manager line up during the first quarter of 2014 and is beginning a due diligence process by identifying mangers who meet the firm’s selection criteria.
The selection process includes sourcing initial candidates through referrals from investors and prime brokers, trade publications, direct contacts from hedge funds and screening multiple hedge fund databases. The universe of candidates will then be narrowed down through a combination of quantitative and qualitative screens.
Quantitative screens include AUM of at least USD75m invested in the strategy and risk adjusted performance near the top
All Lyxor Strategy Indices ended the month of October in positive territory, led by the CTA Long Term (+4.03 per cent), the L/S Equity Market Neutral (+1.77 per cent) and the L/S Equity Long Bias (+1.63 per cent).
The Lyxor Hedge Fund Index posted a positive performance of 1.58 per cent in October (+4.80 per cent YTD).
Hedge funds were helped by rising asset prices and delivered solid results. The Lyxor Hedge Fund Index was up 1.6 per cent in October, with all strategies generating positive results. Strategies exposed to equities performed the best. The median exposure to equities
Franklin Templeton Investments has appointed Peter Vincent as head of alternatives sales, Europe.
Reporting to Jamie Hammond, managing director, Europe, Vincent is responsible for new business development of the group’s alternative products in Europe. Based in London, he will work closely with the existing European distribution teams to support the growth of Franklin Templeton’s alternative products.
Prior to joining the group, Vincent worked at Fauchier Partners for seven years where he was responsible for institutional business development and client relations in the UK and Ireland. He also held previous roles at Swiss Re, UFJ International and Bankers Trust. Vincent brings with
