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Fischer Francis Trees & Watts (FFTW), the global fixed income partner of BNP Paribas Investment Partners, has promoted Kenneth O’Donnell, CFA, to Head of Short Duration. He will be responsible for performance, growth and development of short duration strategies firm wide. FFTW’s short duration capabilities include global and US short duration, stable value and absolute return strategies.
Guy Williams, FFTW’s Chief Investment Officer, says: “Over the past decade, Ken has been key in building FFTW’s short duration business. He brings a wealth of experience building short duration track records, working with institutional clients and managing investment professionals. We are confident
SEI has launched new tools designed to assist investment managers in meeting mandatory requirements under the Undertakings for Collective Investment in Transferable Securities IV (UCITS) Directive. SEI has developed an online solution to simplify the production and servicing of the required Key Investor Information Document (KIID), while also enhancing its portfolio compliance monitoring system to account for UCITS-specific investment restrictions.
Under the UCITS IV Directive, asset managers will be obligated to replace their current simplified prospectus with a KIID for their UCITS products. The introduction of the KIID is aimed at promoting transparency and uniform standards across EU member states,
For Keith Skeoch (pictured), CEO of Standard Life Investments, the IIC Advisory Council is an opportunity to show collective engagement on stewardship. In an industry dominated by fragmented opinions and viewpoints, he believes it’s important that the agreed views of the council are clearly communicated through effective representation.
“The IIC is a coming together of industry bodies including the IMA, NAPF, ABI. It’s a channel for senior industry figures through which we are able to represent not only the industry on major topics, but our clients and customers as well,” Skeoch tells Hedgeweek.
With such pervasive disagreement amongst member states
Germany’s Federal Financial Supervisory Authority (BaFin) has approved a tax agreement between Switzerland and Germany that will give Swiss securities funds (SSFs)
Morgan Stanley’s Dublin-based UCITS umbrella, FundLogic Alternatives Plc, has added another new fund to its stable.
GAM has given UK retail investors the opportunity to invest in its USD55million GAM GAMCO US Equity fund, wh
The GlobeOp Forward Redemption Indicator for August 2011 measured 2.71%, up from 2.08% in July.
“The Forward Redemption Indicator is encouragingly low given recent market volatility,” says Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “In fact, it is the lowest August number since readings began in 2008. At this time, we see no sign of investors moving out of hedge funds.”
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
Schroders’ Chief Investment Officer, Alan Brown comments on Friday’s market volatility…
Two items of news lie behind the continuing market rout: the sharp decline in the Philadelphia Index and the news that other Eurozone countries were likely to seek to negotiate collateral arrangements from Greece to match the deal that Finland has achieved. As such this is a continuation of the same two themes, concern over the prospects for world growth and concerns over the stability of the Eurozone.
As often happens at times of great uncertainty, natural value buyers will often sit on the side lines rather than try
Alex Orus (pictured), CIO, Blue Diamond Asset Management, on the current ‘flight to safety’ prompted by the recent political and market turmoil…
The political and market turmoil has caused many investors to aggressively reduce or exit equity markets in favour of what the global media and investors call “safe assets” – for example, US treasuries, Swiss and German government bonds.
It is understandable that investors want to de-risk their portfolios as long as political leaders, in particular in Europe, are struggling to take any decisions that would make sense in the long-run. However, we believe that a “de-risking” of a
With the first SEC deadline for private fund (Form PF) reporting currently less than six months away for many large hedge funds and managed account platforms, GlobeOp Financial Services (LSE:GO.) has launched a reporting service to specifically support the requirements.
“Many funds with more than USD1 billion in assets under management (AuM) potentially face their first quarterly reporting deadline on 15th January, 2012,” says Tony Glickman, global head of Analytics at GlobeOp. “The complex reporting forms are compounded by the fact that larger funds and managed account platforms often involve complicated portfolio, risk and performance data. For example, we’ve determined
