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BNP Paribas Securities Services has appointed Darren Banks to lead on the development of the UK trustee and depositary business.
James McAleenan, head of the UK at BNP Paribas Securities Services, says: “Darren Banks brings a wealth of knowledge and expertise to our business and we are pleased to have him on board. He will be responsible for growing the UK trustee and depositary business enabling us to become the partner of choice and a differentiator by truly leveraging a pan-European approach to depositary services rather than the traditional UK centric view.”
Banks joins from State Street Trustees
Hedge funds posted gains for the sixth consecutive month, as trend-following, quantitative macro strategies successfully navigated the dramatic sell-off in gold and other commodities, according to data released by HFR.
The HFRI Fund Weighted Composite Index gained 0.7 per cent for the month, with positive contributions from US and Japanese equity exposure, tactical commodity exposure, and falling fixed income yields globally on Bank of Japan stimulus measures and bond purchases.
Funds of hedge funds also posted a gain for the month, with the HFRI Fund of Funds Index gaining 1.1 per cent.
The HFRI Macro: Systematic Diversified
A poll of attendees at the Guernsey Funds Forum 2013 has provided valuable insight into the future of the funds industry, writes Fiona Le Poidevin, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry.
The future landscape of the investment funds industry will be affected by ‘external factors’ just as much as regulation, according to an exit poll of the 400-plus delegates attending last week’s Guernsey Funds Forum 2013 held in London.
The half-day conference and exhibition, titled ‘Back to the Future’, included two panel sessions – one on investor relationships and another on the
Alternative UCITS funds have delivered a good start to 2013 with the sector growing in terms of number of funds as well as assets under management, according to the Alceda Quarterly UCITS Review.
Tracking the Absolute Hedge Global UCITS Index, the Alceda UCITS review revealed that the sector advanced 2.56 per cent in the first quarter of 2013. Assets under management (AUM) in alternative UCITS funds stood at EUR96.6bn in March 2013, a 5.1 per cent rise over the first quarter, including the addition of 11 new funds.
All alternative UCITS strategies recorded positive performance in Q1 2013,
Dame Amelia Fawcett DBE is to be awarded 100 Women in Hedge Funds’ (100WHF) 2013 European Industry Leadership Award at its London Gala on 23 October 2013.
Each year, the organisation identifies a woman whose professional talent, business ethic, and passion for investing help define and advance the hedge fund industry’s standards of excellence.
"We are excited to recognise Dame Amelia Fawcett (pictured) for her dedication to serving the financial services industry. Her experience as chairman of the Hedge Fund Standards Board, her perspective on key operational, investor and regulatory issues and her dedication to advocacy of clear
Brandon Bradkin has joined CVC Credit Partners as a partner.
Bradkin spent six years at Park Square Capital where he was a partner and member of investment committee.
Before joining Park Square, he was a managing director at Dresdner Anschutz Mezzanine Fund.
Previously, Bradkin managed, turned around and sold two distressed portfolio companies. He has also been a vice president in investment banking at Chase in London where he focused on leveraged telecom financings. Bradkin began his career as a lawyer at O’Melveny & Myers in Los Angeles after having clerked for Judge John Minor Wisdom.
A collateral management service developed for customers of both Clearstream and BNP Paribas Securities Services has now launched across multiple markets and for both fixed income and equities.
The live service enables mutual customers to use Clearstream’s global collateral allocation, optimisation and exposure coverage while BNP Paribas Securities Services remains the local custodian, managing local settlement and asset servicing for its clients.
The assets used for triparty purposes are moved automatically into a Clearstream account in BNP Paribas Securities Services books, avoiding current manual cross-border processes for the clients. The first trade to go live in this cooperation involved
Six out of seven of IndexIQ’s Investable Hedge Fund Replication Indexes recorded positive returns in April, according to data released by the company.
The IQ Hedge Event-Driven Beta Index was the top performer with a return of 1.97 per cent for the month, followed by the Market Neutral Beta Index (1.43 per cent), the Fixed Income Arbitrage Beta Index (1.23 per cent), the Emerging Markets Beta Index (0.93 per cent) the Composite Beta Index (0.86 per cent), and the Long/Short Beta Index (0.26 per cent).
The IQ Hedge Global Macro Beta Index was the only index to finish
The Luxembourg Stock Exchange is branding its project to build a fund market infrastructure as Fundsquare.
Launched in 2012 by the Luxembourg Stock Exchange, the project to build a market infrastructure dedicated to cross-border distribution of investment funds now bears the name of Fundsquare.
Fundsquare is a wide-ranging solution developed by fund industry professionals that aims to meet current and future challenges for the cross-border distribution of investment funds. Fundsquare responds primarily to the growing cost pressures imposed by stronger regulations and a weak economic situation.
The Fundsquare platform intends to position itself at the heart of
EMEA Capital, the independent asset management firm, has appointed Can Uran as managing partner and chief investment officer.
Uran will work alongside EMEA Capital’s managing partner and chief executive officer Osman Semerci in the firm’s London office.
Uran joins EMEA Capital from UBS where he was global co-head of emerging markets trading for three years, responsible for all credit, rates and foreign exchange products in Latin America, Central/Eastern Europe, Middle East, Africa and Asia. He was also a member of the global fixed income, currencies and commodities executive committee.
Between 2007 and 2010, Uran worked at Merrill
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