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Western declines a knee-jerk reaction

The declines in Western stock markets have been a knee-jerk reaction in thin summer trading, says John Chatfeild-Roberts, head of the Jupiter Independent Funds Team. In a just-issued short note, he comments on events in China and suggests where to find value once the dust has settled.

JP Morgan Investor Services has been appointed as custodian of West Australia-based WA Super's investment portfolio.

The roll out of by the Stock Exchange of Thailand (SET) of new clearing and depository systems is desgined to accommodate growing demand in the capital market.

Cordium, a provider of regulatory compliance consulting, software, accounting and tax services to the asset management and securities industry has appointed Lusine Moshkounian as vice president, based in San Francisco.

HSBC France is a new user of EurexOTC Clear for Interest Rate Swaps (IRS). It is connected as a direct clearing member and has already cleared its first transactions.

The global hedge fund industry has seen a $76 billion net inflow of assets through the first half of 2015, bringing the size of the industry to $3.22 trillion, according to specialist data provider Preqin.

JPMorgan scoops WA Super mandate

The number of Jersey funds marketing into Europe through national private placement regimes (NPPRs) under the EU Alternative Investment Fund Managers Directive (AIFMD) has broken through the 200 barrier (June 2015), underpinned by strong combined performances in Jersey’s alternatives sector where net asset values under administration rose 15 percent on the previous year.

ACER confirms REGIS-TR RRM status

Deutsche Boerse reports that ACER, the EU Agency for the Co-operation of Energy Regulators, has REGIS-TR’s status as a Registered Reporting Mechanism (RRM) for the reporting of wholesale energy transactions. 

SIX says results improve but profit down

Switzerland's financial infrastructure provider SIX says that it performed well in the first half of 2015 and that results improved slightly compared with the previous year. 

ENSO appoints CTO

Specialist hedge fund adviser ENSO Financial Analytics (ENSO) has recruited Michael McMahon as chief technology officer. 

The end of the beginning

US Corporate Bond Trading Technology Update: The End of the Beginning is a new report from Celent, authored by Brad Bailey, a research director with its Capital Markets practice.

RBC IST recruits Don D’Eramo

RBC Investor & Treasury Services has recruited Don D’Eramo as managing director, head of distribution & product development, securities finance, for its treasury & market services activity.

 

Broker-dealers and the need to adapt

To remain competitive in today's financial advice industry, broker-dealers must recalibrate their relationships with their advisors to according to a white paper released today by Pershing LLC, part of the BNY Mellon group.

Why Teams Are the Client of the Future for Broker-Dealers points out that changes in the advisor-client of the modern broker-dealer present different challenges and opportunities that broker-dealers must navigate.

Perrotta, Nybo to be TABB partners

TABB Group reports that Anthony J Perrotta, Jr and Andy Nybo have been promoted to partner, global heads of research and consulting, and appointed to the financial markets research and consulting firm’s executive management committee.

Oversold and ready for technical bounce?

Speaking on the current market volatility, Valentijn van Nieuwenhuijzen, Head of Multi-Asset at NN Investment Partners, says: "In the aftermath of the shocking devaluation of the Chinese currency, markets remained focussed on fragility in the broader emerging market complex. 

DataLend appoints Robert Antelmann HK product specialist

Robert Antelmann has been appointed Hong Kong-based vice president and product specialist for DataLend, the global securities finance market data provider.

The power of M&A

Unprecedented M&A (mergers and acquisitions) levels are driving technological advancement of the alternative fund administration, according to Ken McCarney, chief executive officer, MUFG Fund Services.

JTC confirms Kleinwort Benson completion

JTC has now completed its acquisition of Kleinwort Benson’s fund administration business following receipt of approvals from the relevant regulatory authorities. 

Activate Capital mandate for BNY Mellon

BNY Mellon has been appointed as account bank for the Activate Capital lending platform (Activate Capital). 

iMeta appoints Bands

Southampton, UK-based  iMeta Technologies Ltd, a provider of Client Onboarding and Entity Data Management technology for financial institutions, says that industry veteran Mark Bands has been appointed to the role of head of product strategy and regulatory intelligence.

Double derivatives demands disproportionate

Further rumblings of discontent are developing about the implementation of EMIR (European Market Infrastructure Regulation). A number of high-profile real estate bodies have warned that EMIR is placing a “disproportionate operational and legal burden” on Non-Financial Counterparties (NFCs).

University spinout fund from Mercia

Technology investor Mercia Fund Management (Mercia) has launched its sixth EIS and SEIS hybrid fund. 

SGX consulting on affiliate segregation

Singapore Exchange (SGX) is consulting the public on the proposed introduction of Affiliate Segregation where collateral of an affiliate of an SGX Derivatives Clearing (SGX-DC) member is protected if the member defaults on its own contracts. 

79 percent invest in alternatives

No fewer than 79 percent of institutional investors invest in at least one alternative asset class, according to research for Preqin’s latest Investor Outlook. 

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