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Equity Trust, the independent trust and fiduciary services firm with office
March was understandably a tough month for Japan-focused hedgies.
Silver Lake, a global alternative investment firm with approximately USD14b
Legal & General Investment Management’s (LGIM) Global Emerging Markets Strategist, Brian Coulton (pictured), explains that mounting inflationary pressures in China could potentially force more substantial monetary tightening than currently signalled by the authorities or the market…
As inflationary pressures continue to build in China, the situation is increasing the risk of a slowdown in the country’s growth, which would have major implications for the global economy. China’s role is more important than ever having officially become the world’s second-largest economy last year, accounting for a quarter of global growth. With other countries importing cheap Chinese goods, China has played a
LCH.Clearnet Ltd (LCH.Clearnet) has cleared the first single expiry OTC coal options trades. Initial transactions have totalled 670 lots in API 2 options to date, across both quarterly and calendar tenures, reaching volumes of 2.46 million tonnes.
The use of thermal coal in power generation continues to increase in Asia, driving demand for coal option contracts which offer diversification to hedge funds, banks and physical market participants looking to manage price risk or gain exposure to price volatility. Clearing these contracts increases trading capacity and reduces concerns over counterparty risk, enabling further growth of the market. The API 2* and
Commodity markets continued to gain in March despite mixed global macroeconomic conditions. Prices were supported by increasing inflationary concerns, geo-political uncertainty and continued growth in export demand.
Nelson Louie (pictured), Global Head of Commodities at Credit Suisse Asset Management, says: "Economic concerns remained high due to uncertainty in the Middle East and the tragic events in Japan. Additionally, the US dollar continued to weaken over the course of the month, possibly due to concerns over the impacts of extraordinary loose monetary and fiscal policies, even amidst increasing signs that the US economy is on the road to recovery. The Federal
UBS has expanded its existing structured products capabilities by acquiring Luxembourg Financial Group (LFG), a structured products boutique and specialist asset manager, for a total consideration of EUR25 million. The transaction is expected to close in the second quarter of 2011 subject to all regulatory approvals.
Under the terms of the agreement, UBS has agreed to acquire 100 per cent of the shares of LFG Holdings S.A., the parent company. The LFG Group will form part of UBS’s Global Equities division within the Investment Bank and will be an important building block in achieving the division’s strategic aim of expanding
The US Commodity Futures Trading Commission (CFTC) has obtained USD615,000 in disgorgement and a civil monetary penalty in a federal court consent order against defendant Kuen Cheol Song, who resided in Singapore during the relevant time period, for engaging in an illegal, fictitious trading scheme. Song has never been registered with the CFTC.
The consent order, entered on April 11, 2011, 2011, by the Honorable Naomi Reice Buchwald of the US District Court for the Southern District of New York, requires Song to pay USD475,000 in disgorgement and a $140,000 civil monetary penalty. The order permanently bans Song from engaging
Citi Match, Citigroup’s broker crossing network, executed EUR22.8 billion worth of trades during Q1 2011, up 90% from EUR12 billion during the same period in 2010.
Citi Match was the largest dark pool in Europe during February, according to the most recent survey by Rosenblatt Securities Inc, an independent boutique that surveys dark pools on a monthly basis. Furthermore, during the first quarter of this year, the platform reported an average spread capture of more than 75%.
Rajesh Nagella, Managing Director and head of algorithmic products in EMEA says: “The continued growth of Citi Match provides the clients with access
