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Trading in individual equity options on D.E Master Blenders 1753 shares has started on the Amsterdam market of NYSE Liffe, the European-based derivatives market of NYSE Euronext.
The introduction of the options follows the recent listing of the coffee and tea company on 12 June on the Amsterdam market of NYSE Euronext.
Michel Cup, chief financial officer of D.E Master Blenders 1753, says: “We are pleased with this option listing. This moment marks a completion of the activities around the spin-off and a successful start as an independent company. The new listed options complement our listing and contribute to the
The Saemor Europe Alpha Fund rose 1.2 per cent in value in June, with performance driven largely by positioning in the utilities, materials and technology sector.
Saemor’s long book posted a relative outperformance whilst the short book performed in line with the market.
The fund’s quantitative stock selection model performed well, with the best returns coming from defensive value factors (e.g. dividend, earnings and cash flow yield).
In general it was a very good month for most value factors, which came to the fore on the back of June’s increased risk appetite.
Short-term price reversion was also strongly evident whereas
NYSE Euronext has restructured the leadership team for its regulated exchange business, NYSE Liffe.
Executive vice president Mark Ibbotson has been appointed chief executive of NYSE Liffe with responsibility for exchange trading, clearing and regulation.
Executive vice president Finbarr Hutcheson has been appointed chief executive of NYSE Liffe with responsibility for commercial and business development.
NYSE Euronext recently completed an organisational realignment of its product and sales teams globally.
“I’d like to congratulate Mark and Finbarr on their new roles. Stability, trust and integrity underpin the services delivered by our markets, and Mark’s new role plays to his track record
Fund administrator HedgeServ has appointed Bill Kelly as global head of sales, responsible for building relationships with hedge fund managers, funds of hedge funds, private equity funds and institutional investment managers.
He will be based in HedgeServ’s New York office and will report to Jim Kelly, HedgeServ chairman and co-founder.
"Bill is a dynamic addition to the HedgeServ team and a knowledgeable industry veteran recognised for his expertise in helping asset managers build institutional infrastructure," says Justin Nadler, HedgeServ president and co-founder. "We are glad to welcome Bill to HedgeServ and feel his deep industry insight and reputation as a
Euroclear UK & Ireland has cut its investment fund order-routing fees for both high- and low-volume clients with immediate effect.
The tariff for 10,000 or more orders per year has been cut by nine per cent, rising to a reduction of 33 per cent for clients routing over 25,000 orders per year through the EMX Message System.
EUI’s fund order-routing fees are structured on a sliding-scale basis where higher message volumes are rewarded with lower fees. The new tariff reflects economies of scale and provides greater savings for customers that route more orders through EUI using the EMX Message System.
The Dow Jones Credit Suisse Core Hedge Fund Index closed down 0.45 per cent in June as the index component strategies reported mixed results for June.
Fixed income arbitrage (0.92 per cent), global macro (0.15 per cent) and long/short equity (0.02 per cent) were the only strategies in positive territory, while managed futures (-3.37 per cent) recorded the worst returns.
The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which seek to enable investors to track the impact of market events on the hedge fund industry.
Capital Group One is launching a second Euro hedge fund to balance the risk of further losses for the Euro and Euro backed securities.
Certain high level investors with Capital Group One have already taken significant positions in the fund.
The companies’ lead fund management team is helming the new Euro hedge fund as well as the original.
This latest offer will enable the companies’ fund managers to provide shelter and relief from the hostile economic environment in the EU, which most analysts rate as a long term problem.
To date, Euro hedge funds resulted in almost 32.2 per cent
Euroclear is launching a fully open global market infrastructure to source and mobilise collateral across borders.
Euroclear’s “Collateral Highway” aims to help market participants move securities from wherever they are held to serve as collateral for access to central bank liquidity, secured transactions such as repos and securities loans, and margins for CCPs and bi-laterally cleared OTC derivative trades.
Euroclear’s Collateral Highway will have multiple collateral entry and exit points. The entry points are where collateral will be sourced from all Euroclear central securities depositories (CSDs), agent banks (BNP Paribas Securities Services is the first to join), clearers and CSDs
Rotella Capital Management and Molinero Capital Management have formed a joint venture, Rotella Molinero, based on the long standing relationship between the firm’s respective founders, Robert Rotella and Rafael Molinero, and their respective teams.
Rotella and Molinero have formed a futures and foreign currency multi-strategy product named the Rotella Molinero MultiQuant Futures Program.
Rotella says: “The joint venture is a natural extension of the longstanding relationship Rafael Molinero and I have built based on our shared philosophies on research, trading and risk management. The MultiQuant program is expected to provide investors with access to Rotella Capital’s and Molinero Capital’s most
The international derivatives market Eurex Exchange is expanding its offering to include futures and options on the Euro Stoxx 50 ex Financials Index.
This index has been calculated since October 2011 by the index provider Stoxx.
The new contracts will be tradable as of 9 July 2012.
“Our new index derivatives give market participants additional investment and hedging opportunities for their investment strategies. At the same time the new index products complement our highly liquid future in the European blue chip index Euro Stoxx 50,” said Mehtap Dinc, head of product development at Eurex.
In line with existing Eurex index
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