Latest News
International shipping and energy bank DNB Bank Singapore has appointed Erik Gundersen Papp as its new Regional Head of Asia, Energy & Corporates at its Asian headquarters in Singapore.
He will be responsible for the bank’s clients in the energy sector as well as the growing number of Norwegian and Nordic clients in the region and to grow various business areas, such as Cash Management, on the corporate banking side.
“Erik’s broad experience and long term commitment to the bank has made him an excellent candidate to head the energy and corporates team in Singapore. He takes this senior position
IndexIQ, a developer of index-based alternative investment solutions, has reported positive performance for six out of seven of its proprietary family of hedge fund replication and alternative beta indices.
The IQ Hedge Global Macro Beta Index was the strongest performer in July, rising by 3.28 per cent.
This was followed by the IQ Hedge Event-Driven Beta Index, which was up 2.14 per cent.
The IQ Hedge Long/Short Beta Index rose 1.31 per cent, the IQ Hedge Emerging Markets Beta Index was up 0.56 per cent, the IQ Hedge Fixed Income Arbitrage Beta Index rose 0.84 per cent and the IQ
Singapore Exchange says derivatives and commodities trading grew in July from a year earlier, while securities turnover was lower year-on-year though it was up from June.
Securities turnover fell nine per cent year-on-year to SGD26.5bn. Securities daily average value was 14 per cent down at SGD1.2bn. Compared with June, daily average value was up 19 per cent.
Catalist turnover increased 31 per cent year-on-year to SGD614m while ETF trading fell 58 per cent to SGD343m.
The securities borrowing and lending programme saw a 37 per cent growth year-on-year in daily average outstanding loans to SGD26.6m.
A total 36 bond listings
Luxembourg-based Alceda Fund Management S.A., one of the fastest growing independent structuring specialists in Europe with current AuA of more than USD7billion, announced
AlphaMetrix and Decision Analytics have come to an agreement regarding the initial Next Generation single manager product range.
The final manager and strategy selection criteria involve a number of factors with the prime focus on the quality and performance of the track record and strategy specialisation.
Next Generation Ucits funds will be listed on AlphaMetrix alongside managers’ non-Ucits funds and managed account vehicles, providing non-US investors a broader choice of vehicles offered by selected managers.
Discussions with potential partner managers is an ongoing process and includes advanced discussions with managers such as Episteme Capital Partners (CTA), Global Advisors (systematic commodities),
Carey Olsen has advised on the sale of FRM Holdings (Financial Risk Management) to Man Group by way of a Jersey scheme of arrangement.
FRM is one of the largest and hedge fund research and investment specialists with a global infrastructure of six offices and approximately 150 professionals in Europe, North America and Asia and it has funds under management of approximately USD8bn.
Man is an alternative investment management business. Man and FRM’s combined multi-manager business will have total funds under management of approximately USD19bn, making it the largest independent non-US based fund of hedge funds.
A cross-practice Carey Olsen
After building up market expectations to near euphoric levels, ECB President Mario Draghi failed to deliver the policy to back up his promises of “doing whatever it takes to save the Euro”, says Azad Zangana (pictured), European economist at Schroders…
Given the timing of his comments last week, markets had rallied aggressively on expectations of further interest rate cuts and/or intervention in peripheral sovereign bond markets.
At today’s ECB press conference, Draghi confirmed the Governing Council’s decision to keep the main policy interest rate on hold at 0.75%, but announced that the ECB “may undertake outright open market operations of
The Credit Suisse Liquid Alternative Beta Index was up 0.96 per cent in July, according to Jordan Drachman, head of research for alternative beta strategies at Credit Suisse.
Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 0.96 per cent in July.
“The managed futures strategy was the most significant contributor to performance, finishing up 1.32 per cent for the month.
“The event driven strategy was the second-highest contributor to performance, finishing up 1.16 per cent for the month, and bringing performance to 5.92 per
Northern Trust has hired Tony Glickman in a global client solutions role focusing on its hedge fund services, custody, banking and operations platform on behalf of asset managers and institutional investors worldwide.
Glickman (pictured) has more than 30 years of financial market-related experience as a banker, treasurer, hedge fund manager and, most recently, as head of risk services for GlobeOp Financial Services.
In his new role, Glickman will engage with clients to develop solutions that combine Northern Trust’s capabilities in global custody, risk analytics and sophisticated reporting with the technology and expertise of Northern Trust Hedge Fund Services.
"Tony Glickman
Special Reports
FeatureD
- Insight
