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Deutsche Bank’s Global Markets division is vast. It employs 6,000 professionals in 40 trading rooms across the globe, 18 of which are located in cities in the Asia-Pacific region. Few prime brokers in the region can claim to have such a solid on-the-ground trading presence, giving hedge fund clients the speed of information and execution that’s critical for operational efficiency.
Deutsche’s Hedge Fund Consulting Group has 13 members globally, four of whom are based in Asia. Over the past 24 months the group has worked with more than 60 managers in Asia involved in starting up, expanding or establishing new
Last year saw Deutsche Börse achieve its best sales performance since the record year of 2008. Sales revenue increased 6 per cent to EUR2.23bn, while net interest income climbed an impressive 26 per cent to EUR75m.
According to Deutsche Börse chief executive Reto Francioni (pictured), the results “display growth across the business and the continuation of effective cost management” – total costs fell 29 per cent year-on-year to EUR1.217bn in 2011, while net income grew 15 per cent to EUR833million.
“We will now accelerate our growth strategy with an offensive on unregulated and unsecured markets, an extension of our
Says managing partner and chief executive Magnus Spence (pictured): “The whole strategy has now hard-closed. We raised a lot of money in the first half of the year as people saw that we could protect capital in difficult years like 2008.” The Cayman fund closed at USD100m last October, while its Ucits counterpart closed in July when assets reached USD600m.
Leonard Charlton, a partner in the firm, is portfolio manager to both funds. Last year, despite challenging markets, the Melchior European Fund was able to return 13.45 per cent, compared with a decline of 3.15 per cent for the EuroHedge
BlueCrest BlueTrend Limited has raised gross proceeds of approximately GBP165 million by means of a placing and offer of Shares.
The Company has applied for admission of its shares to listing on the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange (Admission), which is expected to take place on 23 March 2012.
Subject to Admission, the Company has raised gross proceeds of approximately £165 million. The issue is expected to comprise 105,206,017 Sterling Shares and 94,973,308 US$ Shares
Following Admission, the Shares will be traded
The GlobeOp Forward Redemption Indicator for March 2012 measured 3.23%, up from 3.14% in February.
“As we approach the end of the first quarter of 2012, forward redemption requests remain lower on a month-to-month basis compared to the first quarter of last year,” says Hans Hufschmid (pictured), chief executive officer, GlobeOp Financial Services (LSE:GO.).
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly
The international derivatives market Eurex Exchange will be launching a new interest rate future based on the notional long-term bonds issued by the French Republic (Obligations Assimilables du Trésor – OAT) on 16 April 2012.
The Euro OAT Future extends the existing offering of benchmark futures on German government bonds (Buxl, Bund, Bobl and Schatz futures) and the short-, medium- and long-term futures on Italian government bonds (Euro BTP Futures) launched between 2009 and 2011. The interest rate future on French government bonds represents a significant addition to the range of efficient and effective hedging instruments on the European bond
Barclays Capital Fund Solutions (BCFS) is the asset management business of Barclays Capital, specialising in multi-asset investing. Its expert managed quant and fully discretionary fund management teams aim to deliver steady investment returns across all market cycles over the long term, through a focus on downside risk management, flexibility and liquidity.
Ajay Jain, head of portfolio engineering, is responsible for the development of managed quantitative strategies and alpha-generating asset allocation models at BCFS, including the Barclays World Tactical Opportunity (BWTO), a multi-asset absolute return strategy also available in Ucits format.
BWTO uses a tactical asset allocation strategy designed to
ICMA’s European Repo Council (ERC) has published a paper entitled: ‘Shadow banking and repo’ which explores concerns raised by regulators about ‘shadow banking’, particularly in the context of the European repo market.
The paper, written by Richard Comotto of the ICMA Centre, is intended to inform the ‘securities lending and repo’ workstream set up by the Financial Stability Board within its shadow banking project and the European Commission’s own deliberations discussed in yesterday’s green paper.
Godfried De Vidts (pictured), Chair of ICMA’s European Repo Council, says: “Comotto’s paper frames a number of technical issues in a way which allows
Year after year, award after award, Anchin, Block & Anchin is recognised as a top-tier firm throughout the US in terms of its size, management, scope of services and work environment.
With a staff of more than 350 and numerous specialised industry and service teams, the full-service accounting, tax and advisory firm provides investment companies, privately-held businesses and high net worth individuals with a wide range of traditional and non-traditional services.
Anchin’s expertise is readily apparent in its Financial Services Group, which includes nine partners and more than 50 dedicated professionals under the direction of partner-in-charge
Agecroft Partners specialises in consulting and third-party marketing for the alternative investment industry, with a particular focus on hedge funds. The firm raises assets globally for institutional-quality managers by utilising a consultative approach within the institutional investor community. Its approach is to develop in-depth product knowledge of the funds the firm represents and to be able to articulate their investment processes as well as the hedge fund managers.
Agecroft was founded by Don Steinbrugge (pictured), who has 27 years of experience in the institutional investment management sales industry, including serving as head of sales for one of the world’s largest
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