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An overwhelming majority (85 per cent) of alternative fund managers expect to see increased demand for investment vehicles to be based in international financial centres (IFCs) over the coming three to five years, driven by a skills gap and potential tax increases in their local jurisdictions to combat the impact of Covid-19.
That’s according to a new global study commissioned by Ocorian, which reveals that, on a regional basis, Asia-based fund managers are the most bullish about the use of IFCs for funds and other investment vehicles (96 per cent), ahead of North America and Africa (both 92 per cent),
With the Covid-19 pandemic proving the defining factor shaping the direction of economies and markets globally over the past 18 months, hedge fund strategies trading healthcare stocks have come into particularly sharp focus.
The way in which hedge funds can demonstrate the value of ESG indicators within their portfolios is becoming a key task for managers of all stripes and strategies. A recent webinar, jointly hosted by FIS Global and Hedgeweek ,examined how AI technology can help firms rise to the assortment of challenges arising within this sphere.
July volumes for EEX Groiup’s Intraday Power markets grew by 12 per cent y-o-y, with Spanish Power Futures up by 22 per cent.
As of 27 September, EEX will extend calendar year expiries for this market as well as for German and Italian Power Futures to 10 years, to facilitate long-term hedges
EEX has also reported a continued increase in the UK (+77 per cent), Nordics (+94 per cent) and Austrian (+155 per cent) Power Futures, while Japan Derivatives Power is still extremely bullish with 362.5 GWh.
European Natural Gas Spot and Derivatives are up 27 per cent and 9
London hedge fund manager, Florin Court Capital, is expanding into the UAE by partnering with the Abu Dhabi Investment Office (ADIO) under its USD545 million Innovation Programme.
Horizon Software, a provider of electronic trading solutions and algorithmic technology, has partnered with Business France Middle East, to expand the range of services on offer to clients based in the MENA region.
The choice to collaborate with Business France is strategic, and fits into the wider business goals of Horizon, supporting the growth and development of their global presence. Business France will play a major role in strengthening client relationships and facilitating business opportunities for Horizon in the MENA region. This will allow Horizon’s technology to be deployed on a larger scale, providing sophisticated services to a wider range
Aries I Acquisition Corporation (Aries) has appointed Andrew Lester to its Board of Directors, and Chris Perry to serve as an adviser to the Board.
Lester has over 40 years of experience building and managing businesses. Along with his brother Mitchell, he built a 10-person team at Donaldson, Lufkin & Jenrette (DLJ) that specialised in providing research coverage to hedge funds, family offices, and managing retail capital for 17 years. After DLJ was sold to Credit Suisse, the Lester Brothers’ team moved to ABN-AMRO where Andy was Managing Director and Co-Head of Hedge Fund Sales and Research.
Subsequently, Leser was
B Riley Financial, a diversified provider of business advisory and financial services, has acquired the investment advisory business of 272 Capital.
Led by Wes Cummins, the growing registered investment advisor employs an in-depth primary fundamental research approach to its long/short investment thesis, specialising in small cap equity securities. This addition closely aligns with B Riley’s focus on active small cap management and serves to complement both firms’ investment offerings for institutional and individual high-net-worth clients.
Bryant Riley, Chairman and Co-Chief Executive Officer of B Riley Financial, says: “Expanding our asset management base remains one of our highest priorities. Wes and
Talos, a technology provider for the institutional trading of digital assets, has launched a new feature on its platform that allows its clients to define and trade synthetic pairs that include FX and crypto “legs.”
The Depository Trust & Clearing Corporation (DTCC) has launched an enhanced DTCC CDS Kinetics platform to support growing demand for more transparency into the credit default swaps (CDS) market within the over-the-counter derivatives space.
DTCC CDS Kinetics provides position data on credit default swaps sourced from DTCC’s Trade Information Warehouse (TIW), offering notional outstanding, net notional, and trading volume metrics on securities including single-name, index, and index tranche. TIW is a centralised infrastructure for reporting and asset servicing on approximately 98 per cent of all credit derivative transactions outstanding worldwide.
Recognising that credit default swaps are a critical data
