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According to industry data released this week, Asia’s billion dollar club nearly doubled in the last 12 months.
Ed Rogers, CIO and CEO of Rogers Investment Advisors, a Tokyo-headqu
Hedge funds focused on India are failing to live up to expectations.
Several of the traded life policy funds distributed in the UK run the risk of actuarial error because the average value of the policies they hold is too high, according to Managing Partners Limited (MPL), the boutique fund manager.
Research by MPL shows the average value of policies held in the funds isUSD1.9m, which would have been held by policyholders much wealthier than the ‘Average American’ upon whom life expectancy tables reflect. The average value of policies held in the traded Policies Fund managed by MPL is USD680,678.
TLPs are US-issued whole of life policies sold before their maturity date
31 March 2011 – Singapore Exchange (SGX) today welcomes SEB (Skandinaviska Enskilda Banken AB) to its derivatives market as a Clearing and Trading member.
Mr Gan Seow Ann (pictured), President of SGX, said, "We are pleased that SEB has joined our derivatives market as our first Nordic member. This is the first Asian exchange membership for SEB and we are especially proud that the bank has chosen SGX – the Asian Gateway. With SEB as an SGX member, we look forward to greater fund flows and a wider distribution of our products.”
Mr Fredrik Barnekow, Head of SEB Enskilda Equities,
Victor Hugo Rodriguez, CEO of LatAm Alternatives, has been appointed by the Hedge Fund Associations’ (HFA) board to serve as the Director of the Latin American Regional Chapter.
Marcia Rothschild, Head of BNP Paribas Securities Services Brazil, and Otavio Vieira, Managing Director/Chief Investment OfficerofSafdié Gestão de Patrimônio (a wholly subsidiary of Banque Safdié), will serve as Co-directors of the Brazilian Chapter. Additionally, Juan Luis Rivera, Partner at Moneda Asset Management will be appointed as Director of the Chilean Chapter and Daniel Osorio, CEO of Andean Capital Management will take the reins as Director of the Colombian Chapter.
“The
LCH.Clearnet and Australia’s Financial and Energy Exchange Group (FEX), have agreed initial terms for LCH.Clearnet to provide clearing for the FEX Exchange Traded Derivatives Market, subject to regulatory approval.
LCH.Clearnet will clear energy, commodity and environmental derivatives listed on FEX. Participants will benefit from LCH.Clearnet’s global operational capabilities, providing a robust and reliable service during the Asia-Pacific trading day.
FEX is a market infrastructure and services group operating electronic markets for exchange-traded-derivatives, over-the-counter products and Clean-Tech equities. FEX is focused on facilitating and providing access to the rapidly developing and expanding Asian energy and commodity markets, linking local growth with global demand.
JP Morgan has electronically executed and cleared credit default swap (CDS) and interest-rate swap (IRS) trades on Bloomberg’s Fixed Income Electronic Trading platform (FIT). Listed equity option trades were also executed on Bloomberg’s Execution Management system (EMSX).
The trades demonstrate that Bloomberg’s Fixed Income business is preparing to meet the broadly defined requirements of the Dodd-Frank Act, which calls for increased transparency and market efficiency in over-the-counter (OTC) derivatives trading. Bloomberg intends to register with the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) as a Swap Execution Facility (SEF) and Security Based
EXQIM has launched Exqim Blue Fund, a multi-asset fund whose investment process is based on quantitative strategies and allocation.
EXQIM is a French asset management company based in Paris, approved by the AMF (Autorité des Marchés Financiers), founded by Jacques Lucas and three partners.
Jacques Lucas, President and founding partner, and Philippe de Gouville, one of the co-founders, headed for ten years the alternative and structured business of Société Générale Asset Management Alternative Investment. Under their responsibility, a team of 135 professionals built an investment management department, managing EUR50 billion invested in all asset classes through 300 structures.
With
U.S. Bancorp Fund Services has appointed Michael Mohamadi as vice president, with responsibility for overseeing the east coast operations of the firm’s Alternative Investment Products division.
The division specialises in the unique servicing needs of alternative and private investment products such as hedge funds, offshore funds and distressed assets.
“We are excited to add Michael to our team,” says Christine Waldron, senior vice president and director of the Alternative Investments division at U.S. Bancorp Fund Services. “Michael’s expertise will provide our clients with the specialised investment services their funds require to stay competitive in the current marketplace.”
Mohamadi brings
