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Citco Corporate & Trust has reached an agreement to acquire Société Européenne de Banque’s (SEB) Corporate Management Services business. SEB plans to focus on its core banking activities.
SEB is the Luxembourg establishment of Intesa Sanpaolo Banking Group, Italy’s leading banking group and one of the top banking groups in Europe. Given its solid book of clients and SEB’s reputation of hiring and retaining quality staff, acquiring the Business is a significant and strategic move for Citco.
The Corporate Management Services portfolio consists predominantly of Luxembourg-domiciled entities comprising largely of corporate clients that are active across a whole spectrum of
KB Associates, a consulting firm to the asset management community, has appointed Peter Northcott as an Executive Director.
Northcott joins KB Associates’ London office where he will be responsible for offering Hedge Fund start-up consultancy, due diligence advisory, change management consultancy and infrastructure review services in the London alternative investment market. He will work alongside Phillip Chapple in further developing this award-winning business.
Northcott has over twenty years’ experience in the financial services industry. Prior to joining KB Associates, Peter was a COO at the hedge fund managers Mako Global Investors, Apollo Global Management and Mulvaney Capital Management. He has
Fiserv has launched Model Management: Reporting, a new module that provides investment managers with model portfolio data.
Model Management: Reporting within the Unified Wealth Platform from Fiserv provides investment managers data about the use of their models-only portfolios by participating broker-dealer sponsor firms. Reports include assets under management, weekly and monthly asset flows and information about the financial advisors using the models, as provided by the sponsor firm. In addition, an optimised login process provides single sign-on access to the middle-office component of the Fiserv platform.
"This technology gives investment manager clients access to key metrics about the use, penetration
Scottish Widows is transferring GBP2.1 billion into portfolios linked to the FTSE RAFI Index Series. The mandate represents the largest single investment from a UK institutional investor into the FTSE RAFI Index Series.
The funds will be linked to three indices in the series: FTSE RAFI UK 300; FTSE RAFI Developed 1000; and FTSE RAFI Emerging Market, with the funds being run by Scottish Widows Investment Partnership (SWIP).
Launched in 2005 in partnership with Research Affiliates, LLC, the FTSE RAFI Index Series pioneered the area now referred to as “Smart Beta”-index-based strategies that offer the opportunity to outperform while
The Channel Islands Stock Exchange (CISX) has for the last 20 months been subject to a Guernsey Financial Services Commission (GFSC) investigation into certain historic activities, according to CISX Chairman Jon Moulton.
In a statement released today, Moulton (pictured), says: There are no investigations in respect of current matters.
“These investigations are ongoing, detailed ridings have not been received by the Board [of the CISX] and consequently the Board cannot estimate with any confidence their final completion timescale or any effects upon the companies’ business model.
“The CISX has recently made provisions for around GBP500,000 in respect of costs to
Under the terms of the AIFMD, UK and EU hedge fund managers marketing non-EU, offshore hedge funds to EU investors through private placement, now need to comply with the so-called Depositary-Lite regime.
This requires managers to ensure one or more firms are appointed to perform the depositary duties of safe keeping of assets, cash flow monitoring and oversight. Two fundamentally different depositary-lite models have emerged: single or multiple firm.
“We see clear advantages to a multiple-firm model over the single model and believe most managers will have a strong preference for the multiple model,” says Bill Prew, CEO of
Hedge funds gained 2.11% in September, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 7.30% year to date.
"The Fed's decision to delay tapering surprised investors and drove equity prices higher through mid-month," says Sol Waksman (pictured), founder and president of BarclayHedge. "Fears over the possible failure of US budget and debt ceiling negotiations gained momentum and equity markets sold off in the second half of September, but equities remained profitable on the month as measured by a gain of 5.0 percent for the MSCI World Index."
All but one of Barclay's 18 hedge
Trium Capital has welcomed QLO Capital to its multi-manager platform, Trium Multi-manager Alliance (TMA) – an alliance of quantitative and systematic style early stage hedge fund managers.
Managers that join TMA will be teaming up a range of like-minded outstanding hedge fund managers, sharing offices and central control function resources with each other, thus benefiting from significant economies of scale. TMA is structured so that early-stage managers meet the operational due diligence requirements required by institutional investors on day one.
QLO Capital is a global macro investment strategy that uses a systematic multi-strategy approach to investments, trading liquid futures across
Intermediate Capital Group's (ICG) Dagmar Kent-Kershaw has joined the list of confirmed speakers at the Debt Forum event in London on 13 November.
Kent-Kershaw joined ICG in 2008 and is Head of Credit Fund Management. She joined ICG from Prudential M&G where she worked for the previous seven years as Head of Structured Products, having originally founded that business. She was previously responsible for Prudential M&G’s debt private placement business.
Kent-Kershaw has extensive experience of the sub-investment grade credit and structured finance markets and has over 20 years experience in fixed income markets, also at Scotiabank and Natwest. SHe has a degree
Babson Capital Management has appointed Ricardo Adrogue and Brigitte Posch to lead the firm’s new Emerging Market Debt investment team.
Adrogue joins Babson Capital from Cabezon Investment Group, where he was a Member and Emerging Market Fixed Income portfolio manager. Prior to joining Cabezon, he was lead portfolio manager for several emerging market debt strategies at Wellington Asset Management. Posch joins Babson Capital from PIMCO, where she was Executive Vice President and Head of Emerging Market Corporates.
Adrogue, based in Boston, will head the team and oversee portfolio management activities for sovereign and local currency strategies. Posch, based in London,
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