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Clearstream is launching its Global Issuer Hub in the run-up to next month’s 50th anniversary of the first Eurobond issuance by Italian motorway network Autostrade.
The Global Issuer Hub is new in that it consolidates all issuance services into one access point, making issuances more efficient.
Through the Global Issuer Hub, customers have access to end-to-end issuance services and can reach investors anywhere in the world.
Increasing market demand for ways to issue securities globally forms part of the backdrop to Clearstream’s Global Issuer Hub. This trend is reflected in the growth of the worldwide debt capital
Hyannis Port Research’s (HPR) Riskbot offering, is now available to clients of UBS Quant HQ, a business area focused specifically on the unique requirements of the systematic, or quantitative, trader.
UBS Quant HQ combines the firm’s human insight and expertise with cutting-edge technology to provide this specialized customer segment with tailored access to the wide range of UBS global Investment Services.
HPR created “Riskbot” in response to latency issues plaguing the market. Riskbot utilises a Patent Pending “market-aware-firewall” and faster trading infrastructure that provides comprehensive risk management solutions for full portfolio as well as basic pre-trade risk controls, such as
London-based Prologue Capital is holding 50 per cent less risk compared to when the markets were safe from the threat of a liquidity pullback.
At a breakfast presentation hosted on 19 June 2013, David Lofthouse (pictured), principal and chief investment officer of Prologue Capital – which aims to deliver low volatility returns in global fixed income markets – said: “Now there is doubt. The liquidity tap could be turned off. This will create choppy, though not bear market conditions, in fixed income. For us, that means taking less risk on the margin until we get further clarity.”
Looking
Trade Settlement Inc (TSI), a provider of automated loan settlement technology, has launched a new generation primary loan management system which provides fast, efficient, secure and fully-electronic closings for the growing primary loan business.
The LSTA’s statistics currently show corporations routinely borrowing amounts in excess of USD5bn from multiple lenders often to fund acquisitions.
The new dashboard has a 360 view of all allocations across all lenders in the deal. Managers are presented with real-time figures for total closed today, total to date, and total unsettled which can be easily exported to Excel and emailed directly from the platform.
US institutional investor interest is turning to alternative mutual funds and away from hedge funds, according to the fifth annual alternative investment survey carried out by Morningstar and Barron’s.
"Alternative mutual funds and ETFs have grown in breadth and quality in recent years," says Nadia Papagiannis, director of alternative funds research for Morningstar. "Institutional investors are starting to see alternative mutual funds as substitutes for hedge funds, and more financial advisors are incorporating these liquid, transparent investments into their client portfolios."
Morningstar and Barron’s conducted the survey in March 2013 and received responses from 235 institutions and 471
The focus on industry best practices within the hedge fund industry, driven largely by regulation, has meant that today’s manager has to focus on the compliance function more than ever.
Industry regulators, and indeed institutional investors who now dominate the hedge fund market, expect to see proper internal controls and processes in place when assessing a manager. It’s no longer acceptable for any manager to focus purely on fund performance and raising capital; compliance is just as important.
Towards the end of 2012 Bloomberg hosted its highly successful Hedge Fund Start-up Conference in London. One of those panels focused on
After edging down in April, amid a sharp mid-month correction in gold prices, Scotiabank’s Commodity Price Index rebounded sharply in May, climbing 2.3 per cent month-over-month.
"Scotiabank’s Commodity Price Index has inched up this year and is now 1.9 per cent above a year earlier," says Patricia Mohr, Scotiabank’s vice president of economics and commodity market specialist. "The decline in commodity prices from the April 2011 near-term peak – just prior to the negative economic fallout from excessive euro zone sovereign debt – has narrowed to -14.2 per cent from -19.9 per cent in late 2012."
However global commodity
Netherlands-based hedge fund Saemor Capital has appointed Mary Kahng to its investor relations team.
Kahng will be responsible for developing Saemor’s relationships with institutional investors, including pension funds, funds-of-funds, insurance companies, not-for-profits, family offices and wealth managers.
She has 16 years of global institutional investment experience, most recently at ING Investment Management in the Netherlands where she was a director and product specialist for alternative investments, servicing European investors.
Previous, Kahng worked in the US for 12 years at Ivy Asset management, a hedge fund-of-funds, where she serviced consultants, pensions, insurance companies and foundations. Prior to that,
Hong Kong Exchanges and Clearing (HKEx), The London Metal Exchange (LME) and Bank of China (BOC) have signed a memorandum of understanding (MOU) on cooperation and the exchange of information regarding the clearing of renminbi (RMB) commodity products.
The MOU was signed by HKEx’s head of global clearing Gerald Greiner, HKEx’s Co-head of global markets and LME chief executive Martin Abbott (pictured) and BOC’s risk managing director Shi Wei. The signing ceremony was held in Hong Kong and was witnessed by HKEx chief executive Charles Li and BOC executive vice president Chen Siqing.
HKEx acquired the LME
Mirabaud Asset Management has appointed Nicolas Cremieux to its Paris-based convertible bonds team.
Cremieux (pictured) was previously senior manager of international convertible bonds for Dexia Asset Management.
Cremieux, who takes up his new position with Mirabaud on 19 August, will begin working in Paris with Renaud Martin, head of convertible bond management for Mirabaud Asset Management.
Cremieux will be the managing analyst on international convertible bonds, supporting Martin in the management of the Mirabaud Convertible Bonds Europe fund and directly participating in the launch of a global convertible bond fund currently being prepared by Mirabaud Asset Management.
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