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SS&C Technologies, a provider of financial services software and software-enabled services, has appointed Michael Daniels to the company’s board of directors.
"Michael Daniels is widely recognised for his contribution in helping to build IBM’s Global Services business. He brings significant knowledge and a wealth of expertise gained over his extensive career at IBM,” says Bill Stone, chairman and chief executive officer, SS&C Technologies. “His contribution as a member of the SS&C Board will be invaluable as we continue building a global business built on world class systems and integrating them with subject matter expertise.”
Daniels (pictured) retired from
Carey Olsen has become a listing agent of the Cayman Islands Stock Exchange (CSX).
The CSX rules require that a recognised listing agent sponsor all primary equity listings and investment fund listings (as opposed to debt listings and certain other categories of instrument for which no listing agent needs to be appointed).
The move complements Carey Olsen’s reputation for listing debt and equity on the Channel Islands Stock Exchange.
Jason Allison (pictured), managing partner of the Cayman Islands office, says: "We had planned to apply to become a listing agent of the CSX later this year but
Seeking returns across a multi-speed world was the theme of the annual Schroders UK Institutional Conference held at the British Museum in London last month.
Over 150 attendees including pension fund clients and consultants were given insight into the current thinking of key Schroders’ investors and chief economist.
Setting the scene for the conference and its varied agenda was Miles O’Connor, head of Pan European institutional distribution. He introduced Schroders’ guest speakers: Peter Harrison, global head of equities, who presented on delivering returns in the developed world; Philippe Lespinard, co-head of fixed income, who provided insight into the
Financial public relations agency Dukas Public Relations (DPR) has launched a social media practice group.
The group will serve the growing need for social media counsel and digital strategy by asset management and financial services companies.
DPR represents a broad range of clients including hedge funds, mutual funds, ETF sponsors, financial advisors, investment banks and professional services firms.
As part of this expansion, the firm has named Stephanie Dressler as vice president and head of digital strategy. In her new role, Dressler will be responsible for advising DPR clients on social media strategy, and integrating social media
KNEIP, a service provider to the fund management industry for the production and disclosure of legal, regulatory and contractual information, has moved to new offices in Brussels, Belgium.
Located on the renowned Avenue Louise, the new building will move KNEIP closer to regulatory authorities, suppliers and clients and provides the space to upgrade existing infrastructure.
Belgium is increasingly seen as a key hub for the European asset management industry, with a number of established and emerging world-class managers. It is also the regulatory centre for Europe and home to the European Fund and Asset Management Association (EFAMA), the Financial
Altegris Clearing Solutions has added BofA Merrill Lynch’s futures and options and OTC clearing unit to the roster of futures clearing firms with which it maintains introducing relationships.
BofA Merrill Lynch is the eighth leading futures commission merchant (FCM) to offer its services to clients of Altegris Clearing Solutions.
Altegris Clearing Solutions seeks to simplify for its clients the establishment of multiple futures clearing relationships. A multi-FCM framework may be particularly useful for institutional investors and hedge funds that desire more than a single provider for specific trading markets access, seek to diversify their futures clearing among multiple
Mourant Ozannes in Guernsey has acted as Guernsey legal adviser, together with Lawrence Graham as lead counsel, on the launch of Chenavari Capital Solutions.
Chenavari has listed on the Specialist Market of the London Stock Exchange and the Channel Islands Stock Exchange.
Chenavari has been established as a registered closed-ended collective investment fund to undertake capital solutions transactions with European banks, with a range of asset types, including mortgage, corporate and SME loans and asset-backed securities.
Chenavari launched in September and has raised GBP130.3m following its initial public offering. The Mourant Ozannes advisory team of partner Gavin
AIP’s Global Macro Offshore Fund generated 84.6 per cent from June 2012 through July 2013 as per the financial statements reviewed by the auditors Rothstein Kass.
These results outperformed the major indexes and were achieved against a backdrop of generationally low interest rates.
The fund achieved, net of fees, a total return of 72.3 per cent for the trailing 12 month period ending 31 July 2013 based on internal estimates.
The fund’s performance is mainly attributable to its investments in special situations, exposure to the European markets and USD28m received from the sale of a portfolio investment
Melanion Capital, the first alternative manager to specialise in investment in dividend futures, has welcomed the announcement from Eurex of record volumes in the exchange’s dividend-based derivatives segment.
According to Eurex, September’s monthly trading was a record high of 989,000 contracts representing an increase of 52 per cent year-on-year.
Dividend derivatives trading divides into indices and single stocks. During September, open interest in Eurex dividend indices grew to over 3.5 million contract and open interest in single stock dividend futures grew to some 1.6 million contracts helped by a spike in the volume of Vodaphone dividend futures changing
Ten Lyxor Strategy Indices out of 13 ended the month of September in positive territory, led by the L/S Equity – Variable Bias (+2.28 per cent) and the L/S Equity – Long Bias (+1.99 per cent).
Hedge funds generated solid performance in September as assets rallied post reduced Syria tensions and a dovish Fed. The Lyxor Hedge Fund Index was up 1.13 per cent while the HFRX Index was up 1.0 per cent. The average equity beta of funds increased to 31 per cent from 24 per cent over the course of the month as managers added to risk
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