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In an endless hunt for yield, fund managers are eyeing the CLO market as an attractive opportunity – and it is easier than ever for them to access it.
By Robin Pagnamenta – In a world of rock bottom interest rates, asset managers are engaged in a relentless hunt for yield.
Apex Group (Apex), a global financial services provider, subject to Commission de Surveillance du Secteur Financier (CSSF) approval, has appointed Frederic Bilas as CEO and Member of the Board of Directors of Apex Fund Services in Luxembourg (Apex Fund Services).
In this role, Bilas will be responsible for driving Apex Fund Services through a phase of significant growth to become the leading fund services provider in Luxembourg, implementing the scalable governance structures and systems to deliver the highest level of service to clients. Client service remains at the heart of the Group’s strategy and has recently created two new departments
Cowen has expanded its Global Alternative Equity Strategies team with four senior hires, strengthening its plans to grow a global market-leading advisory business in event-driven investing and catalyst-driven situations.
The new team members previously worked with Mark Kelly, Cowen’s recently appointed Global Head of Alternative Equity Strategies.
The team, based in London and operating within Cowen Execution Services Limited (CESL), will have a global remit, working closely with Cowen’s Markets team in the US. Their focus will be on advising a broad range of investors, from specialist arbitrage funds to the world’s largest pension funds, and issuers in how
Options, a provider of managed trading infrastructure and connectivity to the global capital markets, has ex[anded its managed hosting and connectivity capabilities in Japan Exchange Group (JPX) providing access across both the Tokyo Stock Exchange (TSE) and Osaka Exchange (OSE).
JPX, one of the largest stock exchanges globally, was established through the combination of the Tokyo Stock Exchange and Osaka Securities Exchange in 2013 and provides market participants with reliable venues for trading through the provision of market services, market data, order execution, and clearing and settlement.
This exciting addition to the firm’s colocation footprint means Options will be working
Global investor services group IQ-EQ’s Specialist regulatory hosting and outsourced compliance business, Lawson Conner, has rebranded as IQ-EQ.
IQ-EQ completed the acquisition of Lawson Conner in 2018, adding appointed representative and AIFM solutions to its comprehensive range of existing compliance, administration, asset and advisory services for investment funds. Integrated and working seamlessly as part of the Group, the time has come for Lawson Conner to embrace the IQ-EQ brand and operate as an integral part of the Group’s overall service offering.
Rachel Aldridge, Managing Director, Regulatory and Compliance Solutions at IQ-EQ, says: “As we evolve our business to better
Professional investors around the world are forecasting strong growth in the level of share trading over the next 12 months, new research from blockchain-based derivatives trading platform CloseCross shows.
Hedge funds’ returns more than doubled from Q1 to Q2, as commodities-focused managers powered ahead on the back of the spring oil price surge, and larger funds’ gains outweighed smaller funds’ performance, new analysis by hedge fund asset administrator Citco shows.
Hedge funds’ weighted average returns swelled from 2.75 per cent in the first three months of 2021 to some 6 per cent between April and June, according to Citco Fund Services’ latest ‘2021 Q2 Hedge Fund Report’.
More hedge funds ended the second quarter in positive territory, with 82 per cent of managers scoring a positive annual return in
USDT can now be migrated cross-chain almost instantly and at minimal cost using Umbria’s Narni Bridge – bridge.umbria.network.
In addition to bridging the stablecoin quickly between the Ethereum Mainnet and Polygon network with extremely low fees, users can lend their USDT to the bridge in a system called pooling and earn APY (a return similar to interest on deposits). With Narni’s ‘pool and earn’ feature (https://bridge.umbria.network/pool/), liquidity providers receive fees when other participants bridge USDT between networks. Stablecoins are expected to accrue higher fee generation because of their popularity and uses.
Using the Narni bridge, it takes an average
West Realm Shire Services Inc (FTX.US), a US-regulated cryptocurrency exchange, has executed a sale and purchase agreement to acquire Ledger Holdings Inc, parent company of LedgerX, a Commodity Futures Trading Commission (CFTC) regulated digital currency futures & options exchange and clearinghouse.
The acquisition is anticipated to close, pending satisfaction of customary closing conditions.
Brett Harrison, President of FTX.US, says: “This acquisition marks a significant milestone for our rapidly growing US business and is a key part of our strategy to bring regulated crypto derivatives to our US user base. We believe the integration of our technological capabilities, product portfolio and
