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Twelve Capital unveiled an extension of its investment offering at this year’s Rendez-vous de Septembre in Monte Carlo with the launch of Insurance Private Debt strategy.
The new strategic approach aims to provide small and medium sized insurers with an additional source of regulatory capital and to generate attractive risk-adjusted returns for Twelve Capital’s investors’ base.
As banks seek to strengthen their balance sheets and cut back on lending activities due to stricter capital requirements, small and medium sized insurers are finding it more difficult to obtain solvency financing. Given the profitability of many insurance companies and the
Singapore Exchange (SGX) and Clearstream are to launch a collateral management service enabling customers to use assets held at SGX’s securities depository, CDP, for their collateral needs.
Under the agreement, SGX uses Clearstream’s collateral management infrastructure, the Global Liquidity Hub, and offers its Liquidity Hub GO service, to enable collateral to be allocated, optimised and substituted on a fully automated and real-time basis. Singapore’s market infrastructure remains strong as the service ensures collateral remains within domestic jurisdiction.
Muthukrishnan Ramaswami, president of SGX, says: “We are pleased to partner with Clearstream in providing our customers a collateral management offering
Keith Lawson, ICI Global Senior Counsel, Taxation, comments on the Council of the European Union Legal Service opinion regarding the current Financial Transaction Tax proposal under consideration by some EU member countries…
We welcome today’s well-reasoned opinion of the European Union Council’s Legal Service that the proposed Financial Transaction Tax violates several principles of European law. Specifically, this opinion supports our long-held view that the proposal would have extraordinary extraterritorial impact.
We will continue to engage closely with policymakers regarding the many negative effects that a financial transaction tax would have on individual fund investors, pension funds, issuers, and the markets.
Misys has appointed Frank Brienzi as its new president and chief sales officer.
Brienzi (pictured) is responsible for the entire Go-to-Market organisation at Misys, including sales, pre-sales, account management, and marketing. He has been tasked with extending the sales footprint of the company and building further on the 31 per cent software revenue growth achieved last year.
Nadeem Syed, chief executive of Misys, says: “Frank brings more than 25 years of financial services experience and knowledge to his role at Misys. Frank’s addition to our executive team enables us to continue to grow our business, further enhancing our leadership
Lombard Risk Management has released a new version (V12.3) of COLLINE for collateral management and clearing, providing enhanced and new functionality for collateral management, clearing and regulatory demands.
Designed by experienced business practitioners for end-to-end, cross-product (OTC derivatives, repo and sec lending) collateral management and clearing, COLLINE provides a consolidated solution for mitigating exposure risk while satisfying the growing demand for multiple/global entities, cross-product margining, clearing, optimisation, master netting, MIS reporting, dispute management and electronic messaging.
After the 2008 crisis the G20 directed a move for the standardised over-the-counter (OTC) derivatives from a bilaterally-cleared to a centrally-cleared
Global Prime Partners (GPP), the prime brokerage boutique, has further built out its sales team in Europe just weeks after expanding its client service capabilities into the Asian markets.
GPP has hired Colin Bridges who joined the firm on 1 September from BNP Paribas in London. Bridges will work closely with Kevin LoPrimo, head of hedge fund services at GPP, to develop and to support the firm’s rapidly growing list of prime brokerage clients across Europe.
Bridges will be focused on selling the GPP product to hedge funds, family offices, and proprietary traders across Europe and
The board of directors of ALTIN has set the strike price of the put options to be issued as part of its share buyback programme at USD57.50.
The strike price is set circa 20 per cent above the closing share price (SIX) as 9 September 2013.
The ex-date for the put options is 13 September 2013, the date when the put options will start trading on SIX Swiss Exchange. The put options will be traded until 26 September 2013, thus allowing investors to sell their options on the market or to buy more options in order to tender
KPMG has hired 30-year industry veteran Michael Cross as director of account relationships as the firm continues to expand its alternative investments (AI) team serving the Southeast US.
Cross, who has and continues to hold leadership roles with hedge fund and alternative investment associations throughout the Southeast, is responsible for managing client relationships and developing new business with hedge funds, private equity firms and real estate funds.
"The alternative investments market in the Southeast is growing and will continue to expand over the next few years and in response, KPMG is investing in resources to meet that need,"
Derivatives lawyer Robert Scherer has joined Vinson & Elkins’ finance practice group as counsel in New York.
Scherer (pictured), who joins V&E from Cadwalader, Wickersham & Taft, focuses his practice on the representation of banks, dealers and other market participants in connection with the development, structuring, negotiation and documentation of a variety of financial products, including fixed income derivatives, credit derivatives and structured financial products.
“Rob’s derivatives and structured products experience complements our existing practice and adds depth in an area of utmost importance to our clients, who rely on us the handle their most complex financial needs,”
Dynamic Funds, managed by GCIC Ltd, has launched the Dynamic Investment Grade Floating Rate Fund, managed by Marc-André Gaudreau and his corporate credit team.
Dynamic Investment Grade Floating Rate Fund seeks to provide interest income and protect against the effects of interest rate fluctuations by investing primarily in North American investment grade corporate bonds and entering into interest rate swaps to deliver a floating rate of income. The fund may also invest in floating rate debt and other fixed income securities.
"Advisors continue to search for ways to manage and diversify their fixed income holdings in anticipation of
