Latest News
The shape of Spain’s asset management industry is set to change dramatically according to a report by RBC Dexia and Accenture.
The report predicts further concentration of the industry into fewer, more specialised managers and a stronger focus on improving efficiency and performance. Improvements in technology will also be key to success, with outsourcing high on the agenda.
José Maria Alonso-Gama, Managing Director of RBC Dexia in Spain, says: “Spanish fund firms are concentrating on bottom-line indicators such as fund performance and increased assets under management. They recognise the need to restore credibility and investor confidence by showing they are
Nikko Asset Management (Nikko AM) has appointed Aoifinn Devitt as Head of World Series Fund Platform to lead and manage the expansion of the company’s manager selection business from primarily Japan, to Europe and other parts of Asia.
The World Series Fund Platform channels funds packaged under the Nikko AM brand which are currently sub-advised by more than 40 managers worldwide – including PIMCO, Wellington, JP Morgan Asset Management, Ashmore, Blue Bay and Franklin Templeton – and distributed to institutional, retail and high net worth investors across Asia. The Nikko AM group’s broad distributor network now includes more than 300 Asian intermediaries.
Clark Capital Management Group will now be available for inclusion in custom portfolios on EQIS Capital Management’s platform.
Clark Capital’s Navigator portfolios are now available on the platform along with dozens of other strategic, tactical and alternative money managers.
"We’re thrilled to add Clark Capital to our platform", says EQIS CEO and Co-founder Scott Winters. "Clark’s portfolios extend our advantage in the creation of custom-designed unified managed accounts that feature multiple managers, broad diversification and Alternatives. Advisors on our platform have been demanding Clark, and we’re very pleased to provide such an outstanding manager to them."
"We are very excited
The British Columbia Securities Commission has settled with two men who admitted to participating in an alleged market manipulation involving a US over-the-counter issuer.
In two separate settlement agreements with BCSC staff, BC residents Malkeet Singh Bains and Narvinder Singh Patric Virk each admitted that he reasonably should have known that his actions led to a misleading appearance of trading activity in or an artificial price for Sungro Minerals Inc shares. Sungro, a Nevada corporation that originally had its head office in Surrey, BC, is quoted on the US over-the-counter bulletin board.
Bains specialises in insurance broker services and was
Ogier has opened a boutique law firm in Luxembourg as it continues to expand its worldwide network.
This development is in keeping with Ogier’s strategy to provide the most innovative and comprehensive multi-jurisdictional services, through a significant presence in each of the world’s key financial markets and across all time zones.
Ogier’s Luxembourg legal practice is headed up by François Pfister who has extensive legal experience in Luxembourg with particular emphasis on investment funds, international taxation, mergers and acquisitions and corporate law. François was previously a senior partner of OPF Partners. Daniel Richards, an Ogier Group partner took a lead
While the lowest interest rates in 38 years may be providing welcome relief to the over-indebted consumer, many cash flush investors find themselves having to settle for lower income returns. According to Sean Segar (pictured), Head of Product: Nedgroup Investments Cash Solutions, in an investment environment where capital growth is likely to slow after several boom years, investors need to take yield more seriously than ever…
Losing out on 1% when interest rates were 12% was not as big a deal as forfeiting 1% of yield with call at 5% – which effectively means giving up 20% of the potential
The Securities and Exchange Commission has announced charges against a New York-based fund manager and his two firms for luring investors into a trading program that would purportedly maximise their profits but instead spent their money in unauthorised ways.
The SEC alleges that since at least November 2011, Jason J Konior and his firms raised approximately USD11 million by selling investors limited partnership interests in Absolute Fund LP, an investment vehicle that Konior claimed had USD220 million in trading capital. Konior and his firms falsely claimed that Absolute Fund would allocate millions of dollars in matching investment funds, place the
A delegation of Guernsey practitioners is heading across the Atlantic to promote the Island as a major centre for investment funds business.
Peter Niven (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, is leading the team to New York and then Boston in the first week of June.
There will be a particular focus on promoting Guernsey’s experience and expertise in catering for private equity funds business.
Niven says: “During the last decade Guernsey has built a strong reputation as a leading jurisdiction for domiciling and servicing private equity funds. In that time
Macquarie Group Ltd (Macquarie) is acquiring a 42.5% stake in sugar and ethanol advisory, supply chain management and trading firm C Czarnikow Ltd from Wilmar International Ltd, which will cease to be a shareholder.
Bringing significant expertise in agricultural risk management, Macquarie will work alongside co-shareholders, Associated British Sugar and Czarnikow management, to support the company’s growth and future development.
This revised structure has no impact on Czarnikow Group Ltd’s day-to-day operations.
Robin Cave, CEO of Czarnikow Group Ltd, says: “We have achieved a balanced shareholding structure with the necessary expertise and flexibility to help us achieve future
Interdealer broker ICAP has added index futures rolls to its recently launched equity derivatives electronic offering, iLinked, on the ICAP Securities Limited Multilateral Trading Facility (MTF).
This is the first interdealer offering of electronic trading in this product, underlining ICAP’s role as a leader in the move towards the electronification of OTC markets.
ICAP is offering trading in the following index futures rolls: EuroStoxx, FTSE, EuroStoxx & Stoxx sectors, DAX and AEX and plans to add further indices in the future.
Garry Stewart, ICAP’s Managing Director, Equity Derivatives, EMEA, says: “We have seen strong customer demand for iLinked since its
Special Reports
FeatureD
- Insight
