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Tim Keast, chief executive of Clayton Euro Risk, a subsidiary of Clayton Holdings, is to leave the company at the end of June.
Keast (pictured) has served as the company’s CEO from its days as Euro Risk Management through the 2007 acquisition by Clayton. It is now the largest specialist risk and due diligence firm in Europe.
Keast says: “I have been planning to work fewer hours for some time now, and felt the Company was in a strong position with an outstanding team of senior managers and staff to take the business forward, and that now would
Ashburton has launched the Africa Equity Opportunities Fund with a strategy focused on targeting undervalued listed African equities (ex-South Africa) across various sectors to achieve long-term capital growth.
Aimed at experienced retail and institutional investors, including the private wealth and family office space, Paul Clark will be the lead adviser to the fund, bringing over 15 years’ experience in African listed equity markets.
Clark says: “Now is an exciting time for Ashburton to be launching an Africa Fund; Africa is a growth story and seven of the ten quickest growing economies globally will be in Africa in the next
By CME Group – With the Dodd-Frank clearing mandate underway, market participants are looking for more capital efficient alternatives for their OTC activity. Deliverable Swap Futures (DSF) may provide a solution for those looking to obtain interest rate swap exposure, but who want the efficiencies and margin savings of standardised Futures contracts.
DSFs can be executed across multiple venues like electronically via CME Globex, via block trades, or open outcry in the trading pits, and at expiration of the future, all open positions deliver into CME Cleared Interest Rate Swaps. DSFs were created based on client demand from both buy
CACEIS and EDHEC-Risk Institute have created a new research chair entitled “New Frontiers in Risk Assessment and Performance Reporting.”
This new three-year chair will follow on from the previous CACEIS research chair at EDHEC-Risk Institute on “Risk and Regulation in the European Fund Management Industry.”
Led by Professor Noël Amenc (pictured), director of EDHEC-Risk Institute, and Professor Lionel Martellini, scientific director of EDHEC-Risk Institute, the research chair team will examine new advances in risk measurement and reporting. The goal is to explore, for the benefit of institutional investors and asset managers, both new concepts and innovative applications of
The Alternative Investment Management Association (AIMA), the hedge fund industry association, has produced a paper that highlights the key areas where deeper coordination of over-the-counter (OTC) derivatives regulation is required to achieve the G20 objective of maintaining global markets.
The paper, “Addressing overlaps between EMIR and CFTC OTC derivatives regulation”, provides examples of potential regulatory conflicts or unnecessary overlap between the European Markets Infrastructure Regulation (EMIR) and the CFTC’s derivatives rules in a number of key areas including clearing obligations, reporting obligations, segregation rules, collateral rules and margin requirements.
AIMA says in the paper that, if untreated, some
OTC Markets Group, an operator of financial marketplaces for 10,000 US and global securities, and Exchange Data International (EDI), a provider of back- and front-office financial and securities data, have created the OTC Corporate Actions Data Service which will provide corporate action data for companies trading on the OTCQX, OTCQB and OTC Pink marketplaces.
The OTC Corporate Actions Data Service will publish information on all OTCQX, OTCQB and OTC Pink securities, including data on the underlying securities for American Depositary Receipts (ADRs) and foreign ordinaries traded in the US market.
In addition to standard corporate action data such
The Scotiabank Canadian Hedge Fund Index ended April 2013 down 1.80 per cent on an asset weighted basis and 0.70 per cent on an equal weighted basis.
The aim of the Scotiabank Canadian Hedge Fund Index is to provide a comprehensive overview of the Canadian Hedge Fund universe. To achieve this, index returns are calculated using both an equal weighting and an asset-based weighting of the funds.
The index includes both open and closed funds with a minimum AUM of CAD15m and at least a 12 month track record of returns, managed by Canadian-domiciled hedge fund managers.
Three new members have joined EDHEC-Risk Institute’s international advisory board, which brings together scholars, representatives of regulatory bodies and senior executives from business partners and other leading institutions.
The role of the international advisory board is to validate the relevance and goals of the research programme proposals presented by the centre’s management and to evaluate research outcomes with respect to their potential impact on industry practices.
The 40 members of the board also advise on the objectives and contents of projects deriving from the expertise of the research centre, thereby ensuring that graduate and executive programmes remain at the
The international derivatives marketplace Eurex Exchange is to start a new initiative to increase the attractiveness of its short-term interest rate derivatives segment by offering new trading and market making incentives for its Three-Month Euribor Futures.
These measures will become effective on 1 June 2013. Euribor Futures have already been listed on Eurex Exchange for several years.
The major elements of the initiative have been discussed with relevant market participants, who approached Eurex earlier this year. As part of the initiative, Eurex will offer a completely new market making scheme starting on 1 June, which will replace the current
Chicago Board Options Exchange (CBOE) and CME Group have begun disseminating values for a new volatility benchmark index using futures options data on CME Group’s 10-year US Treasury note contract.
The CBOE/CBOT 10-year US Treasury Note Volatility Index is the first volatility index based on US government debt to be calculated and disseminated by CBOE.
The index was developed with significant contributions from Antonio Mele and Yoshiki Obayashi of Applied Academics.
CBOE and CBOE Futures Exchange (CFE) plan to offer trading on the 10-year Treasury Volatility Index in the future.
"We’re pleased to introduce an interest rate
