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Towers Watson, a global investment consultant, will include MSCI’s RiskMetrics HedgePlatform into some of its hedge fund advisory and investment processes.
As part of the agreement Towers Watson will use HedgePlatform to evaluate and monitor individual investment managers with reports based on hedge fund positions, complementing its existing suite of risk tools and enhancing hedge fund risk reports to its clients.
“Demand for position-based risk analytics of hedge fund investments continues to rise, evidenced by the growth MSCI’s risk analytics business has seen over the last 12 months – from adding two of the world’s top 20 pension funds as
ICAP has launched Hazard Rates and Survival Probabilities as part of an expanded end of day Credit Derivatives Service.
Hazard rates are often referred to as the default intensity or conditional default probability of a specified company while survival probabilities are the unconditional probability of no-default (survival).
Hazard rates provide a more sensitive way of looking at default risk than simple asset prices, and can be used in many aspects of credit risk modelling.
Launched in October 2012 in conjunction with Rapid Ratings, ICAP Credit Derivatives closing service provides daily levels and full term structure for more than 200 European
A new white paper published jointly by Quantifi and Risk Analytics explores how to deal with counterparty credit risk in the current financial environment by detailing some of the associated aspects and challenges.
It also studies the conditions for effective management of counterparty credit risk.
The paper, “Managing Counterparty Credit Risk – Capital Requirements for Retail, Commercial and Proprietary Portfolio Strategies”, compares capital requirements, identifies inconsistencies in prudential regulations and applies the various capital approaches on typical portfolio strategies observed within financial institutions.
There is currently a strong market focus on counterparty credit risk and more specifically on Credit
Credit fund performance and flows in 2013 are unlikely to reach the levels seen in 2012, says Fitch Ratings.
In a new sector update on high yield (HY) and investment grade (IG) funds, the agency notes that liquidity from central banks’ actions and a reduction in eurozone systemic risk in H212 provided strong technical support to credit markets, resulting in double-digit performance for all credit fund categories.
Higher beta corporate credit funds (i.e. those with greater sensitivity to market movements) outperformed in 2012, notably European HY (25.5 per cent) and funds with allocations to European subordinated financials. Global HY funds
NYSE Euronext has reported net income of USD28m, or USD0.12 per diluted share, for the fourth quarter of 2012, compared to net income of USD110m, or USD0.43 per diluted share, for the fourth quarter of 2011.
Financial results for the fourth quarter of 2012 included a higher level of merger and exit costs, reflecting a write-off of clearing investments in connection with the decision to move to ICE Clear, the unwind of BlueNext and merger related expenses. Fourth quarter of 2012 financial results also included costs of USD24m, consisting primarily of the premium paid to former bondholders, to refinance a
Invesco Perpetual’s Adrian Bignell on growth opportunities in the Eurozone and why the worst is behind us…
Fears of a euro collapse dominated the economic landscape in 2012. Can investors expect a more stable outlook in the coming year?
Our starting premise is that Europe holds together with a break-up of the euro not being in anyone’s interest, least of all Germany, which is currently benefiting from the weak currency and cheap funding costs.
Labour reform is an important element for believing that Europe is changing – we follow this closely and so far we are encouraged by progress being
DST Systems’ US Investment Recordkeeping solution is now supporting over 1.5 million accounts in the alternative investment space.
DST, the largest provider of third-party shareholder recordkeeping services in the mutual fund industry, also supports a full range of retail alternative investment products, including institutional and retail hedge funds, closed end interval funds, business development companies, managed futures, limited partnerships, and non-traded Reits.
"Companies in the financial services market have long depended on DST’s industry experience, technological expertise, and service excellence to help them grow their businesses," says Chris Shaw, operations officer for DST’s US Investment Recordkeeping unit. "This remains true
The Credit Suisse Liquid Alternative Beta (LAB) Index was up 1.10 per cent in January, according to Dr Jordan Drachman, head of alternative beta strategies at Credit Suisse.
The merger arbitrage strategy was the strongest performer for the month, finishing up 2.31 per cent.
The index aims to reflect the performance of the overall hedge fund industry.
Rachael Reynolds has assumed the role of partner in Ogier Cayman’s litigation practice, following the announcement of her promotion by the Ogier Group effective 1 February 2013.
“This is a well-deserved recognition of Rachael’s contributions to the firm and we sincerely congratulate her on her promotion to partner,” says Nick Rogers, managing partner, Ogier Cayman. “Rachael’s talent and abilities as a litigator and a legal professional exemplify the quality of our people and our unwavering commitment to excellence in everything we do.”
Reynolds (pictured) is one of six Ogier professionals who were promoted to partner on 1 February. The others
Fortigent, a provider of high-net-worth solutions and consulting services, has formed a partnership with Central Park Group, an independent investment advisory firm that delivers private client and smaller institutional investors access to institutional hedge fund, private equity, real estate and fund of funds talent.
This new partnership provides investment advisers and financial institutions served by Fortigent with significantly expanded access to an industry leading platform of institutional hedge funds, private equity, real estate and funds of funds enhanced with research, due diligence and asset allocation guidance.
Fortigent is a wholly-owned subsidiary of LPL Financial Holdings, the parent company of LPL
