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BlueBay Asset Management has appointed Graham Stock as head of emerging markets sovereign research with immediate effect.
Based in London, Stock’s (pictured) main focus will be on Latin America alongside the management of a team of analysts covering Asia and CEEMEA.
Stock joins BlueBay from Insparo Asset Management. Prior to that he spent 12 years in emerging market research at JP Morgan in New York and London, focusing on Latin America, CEEMEA and Sub-Saharan Africa.
David Dowsett, partner and senior portfolio manager, says: “I’m delighted to welcome Graham to the team. His depth of expertise within the
For European asset management firm Dexia Asset Management, there’s no immediate hurry to become compliant under the newly introduced AIFM Directive.
Many firms, it seems, do not see any clear advantage to being a first mover and are happy to take advantage of the one-year grandfathering period. Not that Dexia AM plans to leave it to the last minute though:
“We plan on becoming compliant at the end of the year. We are going to use our existing UCITS structure which is already UCITS-compliant in France, Luxembourg and Belgium,” explains Fabrice Cuchet (pictured), CIO and Global Head of Alternative Investment
FIX Trading Community, the non-profit, industry-driven standards body for global financial trading, has formed a Global Post-Trade Working Group.
The new group will bring together the existing Americas Buy-side Post-Trade Working Group with the EMEA Post-Trade Working Group, in addition to welcoming participation from members based across the Asian and Japanese markets, providing a forum where the business and regulatory challenges impacting the post-trade environment can be effectively addressed through the use of standards.
The decision to merge the two existing groups was taken following the extensive global collaboration already taking place. Group participants also recognised within the
Luxury will hardly ever be a sector where you can launch a brand and be instantly successful, say Scilla Huang Sun (pictured) and Andrea Gerst, managers of the Julius Baer Luxury Brands Fund, Swiss & Global Asset Management…
Brands need a strong heritage but also need to innovate to stay ahead of the curve and gain market share. Companies are responding to men’s increasing interest in luxury products, where growth is outpacing that of the women’s market. Brands like Hermès, Burberry and Gucci more and more open dedicated men’s stores around the World. Men are particularly interested in high-end casual
As the ban on hedge fund, private equity fund and venture capital fund "advertising" is set to lift on 23 September, most funds are wondering if they should take advantage of the opportunity or sit it out.
Of most immediate concern will be whether the chance to advertise, reach out to the media, or otherwise market their expertise will actually help funds repair reputations tarnished during the financial crisis, says financial services reputation expert Davia Temin (pictured).
"Financial services marketing is tricky at best. And, these are sophisticated, complex investments that must be thoroughly understood before customers make an investment. Any public marketing campaign would have to be
Liquid Holdings Group has released version 3.5 of its cloud-based hedge fund platform, Liquid.
“We purpose-built the Liquid platform for hedge funds. Our commitment to cloud computing since our inception allows us to quickly meet our clients’ business requirements, while reducing their costs, burdens and risks. Leveraging the cloud to provide hedge fund managers with institutional quality trading, risk management, reporting, shadow accounting and managed services in a single platform is a game changer,” says Liquid chief executive Brian Storms.
Version 3.5 includes functional upgrades, primarily across its low latent OEMS, which combines the extensive functionality of a
Azimut Holding has launched what is believed to be the first UCITS IV-compliant hybrid bonds funds in Europe. The fund – AZ Fund Hybrid Bonds – will invest 100 per cent of its assets in hybrid bonds and has an investment time horizon of four and a half years, reported investmenteurope.net.
The fund will offer diversification to investors in terms of issuer, sector, and geographic reach to produce a portfolio with an optimal risk/return profile. Stefano Mach, manager of the new fund, was quoted as saying: “Hybrid bonds are a funding source which is in between equities and traditional bonds
Faced with the challenges brought on by the shifts in the hedge fund industry and the changing regulatory landscape, prime brokers are attempting to differentiate themselves through unique product offerings, as well as their ability to leverage proprietary technologies and organisational efficiencies.
This is according to Ernst & Young’s survey of prime brokers, The balancing act: how to navigate the evolving challenges of the prime brokerage industry.
The firm surveyed executives from eight prime brokers to explore a variety of topics, including organisational structure, new business (including pricing and lockup agreements), client monitoring and revenue management as it
BGC Partners’ subsidiary BGC Derivative Markets has received temporary registration approval from the US Commodity Futures Trading Commission (CFTC) to operate a swap execution facility (SEF).
BGC intends to offer trading of regulated swaps from 2 October onwards, consistent with the derivatives trading regulations under the Dodd-Frank Act.
"Receiving CFTC approval to operate a SEF marks the next chapter for our company and our clients, and is a positive step forward for the marketplace," says Shaun D Lynn, president of BGC. "BGC has utilised the strength of its leading proprietary technology and is fully prepared for a new
The EU securities markets and investment conditions in the EU have improved for a second quarter in a row since the fourth quarter of 2012, although systemic risk persisted at medium to high levels.
That is the according to the latest Trends, Risks, Vulnerabilities (TRV) Report published by the European Securities and Markets Authority (ESMA).
Amongst other risk factors, uncertainty remained high due to concerns over funding sources, low interest rates and recent market fluctuations, resulting in increased market risk, while liquidity, credit and contagion risk continue to be significant.
Steven Maijoor (pictured), ESMA chair, says: “While
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