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Optimism among investment managers rose for the fourth successive quarter as business volumes and incomes grew again, according to the latest CBI/PwC Financial Services Survey.
Numbers employed also increased for the third quarter running. Securities trading respondents saw business volumes and income values fall and average costs increased. However, the decline in profitability is expected to ease considerably in the next three months.
Robert Mellor, hedge fund practice leader at PwC, says: “Investment managers remain remarkably optimistic. Overseas business is growing, but it remains to be seen if predicted retail growth will materialise.
“In the current environment of economic
Pictet Asset Management (PAM) announced this week that it has broadened its range of emerging market bond funds
London-based Adelante Asset Management hosted a breakfast roundtable on Wednesday 16 January 2013, to outline its strategic overview for emerging markets. The firm’s CIO, Julian Adams (pictured), and portfolio manager of the USD80million Emerging Debt Fund, Timothy Dingemans, hosted the event.
Global growth will likely rise in 2H13 and yields in core developed markets (e.g. US) will experience a slight uptick said Dingemans.
One of the drivers for global growth will be China, thanks to improving intra-Asia dynamics (China exports to Asia ex-Japan rose significantly in 2012). In addition, US homebuilder sentiment is improving and could account for a 2
It’s easy to fall prey to misconceptions and generalisations about places we’ve never been: to assume everyone in the United States drives big cars, all the French love croissants and all Canadians play hockey. There are many misconceptions about investing in developing markets, and Africa certainly has its fair share, but it’s dangerous to make sweeping generalisations, says Dr Mark Mobius (pictured), Executive Chairman of Templeton Emerging Markets Group…
It’s impossible to know everything about this huge and diverse continent (the second largest in the world by land mass and population) so my team’s approach has been to keep our minds
Clearstream and Belfius have agreed to develop a new collateral management activity for bilateral trades, focusing on over-the-counter (OTC) derivatives and aimed primarily at corporates and medium-sized banks.
The service, which will leverage Belfius’ specialist experience, will be white-labelled by Clearstream and offered to its clients.
It is expected that the new outsourced service will be launched in 2013 following the signature of a letter of intent.
The deal is the latest in a number of strategic partnerships created by Clearstream as it extends the reach and capabilities of its Global Liquidity Hub, a collateral management environment delivering worldwide services
GAIN Capital, a provider of online trading services, has appointed Joe Wald as executive vice president, head of institutional.
Wald (pictured) will be responsible for leading GTX, GAIN Capital’s institutional business.
He will report directly to chief executive Glenn Stevens and will be based in GTX’s New York offices.
“Joe is a talented visionary with the proven ability to grow trading volumes and build innovative product and service offerings for leading institutional platforms,” says Stevens. “Institutional trading is an important part of our growth strategy and having Joe lead this part of the business will help us build on
The Hatteras Managed Futures Strategies Fund from boutique alternative investment specialist Hatteras Funds is now available on the Charles Schwab Mutual Fund OneSource Platform.
The Hatteras Managed Futures Strategies Fund launched on 27 September 2012. The team has managed the strategy since September 2011 as one of the five strategies within Hatteras Alpha Hedged Strategies Fund. The Managed Futures Strategies Fund seeks to achieve positive returns in both rising and falling equity markets with an annualised level of volatility that is lower than historic equity markets.
"The Hatteras Managed Futures Strategies Fund is well-diversified and is designed to offer low
Eurex Repo, the marketplace for international, electronic repo trading and secured funding, plans to extend the maximum term of tradable securities for the Eurex Repo markets such as GC Pooling and Euro Repo.
Currently, the maximum duration for transaction is one year; as of 21 January, customers can also trade terms of up to two years.
With this step, Eurex Repo provides its market participants with a new and easy-to-use opportunity to make use of the repayment option of the Long Term Refinancing Operations of the European Central Bank (ECB). Starting on the 30 January, the ECB will allow banks
Krusen Capital Management has formed a partnership with Meeschaert Group to provide clients with alternatives advisory services, manager and strategy due diligence, and access to a platform of alternative investment solutions.
Krusen will be responsible for identifying actionable opportunities, analysing traditional and alternative solutions, conducting due diligence on best in class managers, and monitoring and advising on investments through their lifecycles.
Charles Krusen, chief executive, believes that hedged strategies are creating a paradigm shift in traditional portfolio management, reducing the volatility associated with long only portfolios. Alternative strategies provide both measurable risk-adjusted return and non-correlated sources of return that
Global solutions provider Linedata announced this week that two hedge funds in Asia have selected Linedata Global Hedge to support their businesses. One of these, Magenta Advisors PTE Ltd (Magenta), an independent boutique asset management and investment advisory firm based in Singapore, selected the portfolio management and middle office module of Linedata Global Hedge to support its start-up hedge fund business.
Recent analysis of the hedge fund industry in Asia shows strong performance that is reflected in a record number of 1,128 hedge funds in the third quarter of 2012. As competition intensifies amidst volatile market conditions, it is increasingly
