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Singapore Exchange (SGX) is consulting the public on its proposal to change the algorithm used to compute the equilibrium price at which orders are matched at the end of the opening and closing routines and adjust phases in the securities market.
The proposed algorithm will compute a price that is a better reflection of the market. This is because the algorithm’s parameters allow for a better accounting of the forces of supply and demand. This algorithm is also used by the Australian Securities Exchange (ASX) and NASDAQ OMX.
To facilitate market participants’ understanding of the proposed algorithm the changes to
OVS Capital, the European equity focused event driven hedge fund, has appointed Nick McEwen as a Partner. In his role at OVS McEwen will oversee all sales and marketing and will support Sam Morland (Chief Investment Officer) and Andrea Morrall (Chief Operating Officer) in the managing of the business.
McEwen previously worked at Revere Capital Advisors where he was a Managing Director and established the London office with responsibility for the European sales and marketing effort.
Nick McEwen’s hiring is the second of the year at OVS following Adam Lister’s addition to the investment team. Mr. Lister was previously a
The global economic outlook remains positive in spite of a sharp deterioration in investor sentiment towards and within Europe, according to the BofA Merrill Lynch Survey of Fund Managers for July.
A net 19 per cent of global fund managers and asset allocators believe that the global economy will strengthen in the next 12 months. This number has grown for two successive months from a net 10 per cent in May. The global outlook for corporate profits has also ticked upwards. A net 11 per cent of investors predict higher global corporate profits in the coming year, up from a
The first half of 2010 illustrated a clear problem in Asia: start-up numbers were healthy – 70 in all – but the assets raised amounted to little more than USD1bi
NYSE Euronext, a leading global operator of financial markets and provider of trading technologies, announced this week that NYSE Liffe, its global deriva
After launching the first-ever RMB-denominated bond fund to buy Australian real estate last week, Agincourt Capital has said it plans to invest in AUD500m
Monsoon Capital, a US-based hedge fund advisor established in 2004, has launched a new pan-Asia equity futures
The GlobeOp Forward Redemption Indicator for July 2011 measured 2.08%, down from 4.01% in June.
“The Forward Redemption Indicator registered a new all-time low in June,” says Hans Hufschmid, chief executive officer, GlobeOp Financial Services (LSE:GO.). “This is the smallest redemption notice percentage since the start of the series in January 2008.”
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 lower
The EDHEC-Risk Institute has published a new publication – “An Integrated Approach to Sovereign Wealth Risk Management,” – containing the results of the second-year research work conducted in the Deutsche Bank research chair on asset-liability management (ALM) techniques for sovereign wealth fund (SWF) management.
The publication extends earlier work on the optimal investment policy and risk management practices of sovereign wealth funds by integrating these funds into the economic balance sheets of their sponsoring countries. This echoes recent advances in corporate pension fund management that consider the fund an integral part of the corporate balance sheet and jointly analyse capital
Pacific Fund Systems (PFS-Paxus) has hired Keith Parker as Head of Sales & Marketing (Europe). Parker will drive new business growth across the European market to add to PFS’s already significant European presence and to complement the company’s business in other jurisdictions.
Parker brings 17 years’ of sales and marketing experience gained across the employee benefit, reinsurance and hedge fund technology markets.
Graeme Vollemaere, director and co-founder of PFS-Paxus, says: ‘Keith has an excellent reputation in the fund administration market and along with his experience in driving sales will be a valuable addition to the global PFS-Paxus team as we
