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The Financial Reporting Council (the FRC) published the first UK Stewardship Code (the Code) for institutional investors on 2 July 2010. Sean Geraghty, Partner with Dechert LLP’s Corporate and Securities Group, outlines the purpose and implications of the Code.
In 2009, following Sir David Walker’s recommendation and a request from the Government at that time, the FRC agreed to publish a code for institutional investors and take responsibility for its oversight and future development.
After a detailed consultation process, it was decided that the new code should be based on the code on the responsibilities of institutional investors, issued by
Austrian managed futures firm, Superfund, has announced the closure of its Singapore office as the firm looks to consolidate its Asia presence.
Greenwich Associates, the US-based financial consultancy, has released a report highlighting the ne
Hong Kong-based Janchor Partners, run by John Ho, has topped USD100 million for its Jan
Deutsche Bank has seen a surge in its custodial services across Asia in 2010.
Tokyo-based Rogers Investment Advisors K.K., has won a USD90 million mandate from a Japanese institutional investor, bringing the firm’s Wolv
Alternative asset manager Oakley Alternative Investment Management is broadening its range of strategies with the launch of Oakley Opportunities Fund.
The Oakley Opportunities Fund is the second fund of funds from the firm following the Oakley Absolute Return Fund.
It aims to generate high absolute returns over time by running a concentrated, thematic portfolio, investing across selected hedge fund strategies and investment themes.
It will have up to five key themes at any one time, typically invested across ten to 12 underlying funds.
The fund launched on 1 July in response to client demand for a more concentrated, purely thematic
Xtrakter, a provider of over-the-counter post trade services and data to the capital markets, is entering into consultation with members of its user community and other market representatives to discuss the development of a European managed trade repository for all asset classes.
Yannic Weber, chief executive officer of Xtrakter, says: “Xtrakter has a long established history of operating a data repository and is already the leading source for OTC fixed income data in Europe. We currently provide a range of regulators, aggregators and end clients with trade matching, transaction reporting and data services.
“Given our position as a major reporting
Woodbine Associates has appointed Sean Owens as director, fixed income/derivatives.
Owens will focus on analysis of strategic, business, regulatory, market structure and technology issues in the fixed income and derivatives markets.
He will also lead consulting engagements for firms impacted by such issues.
Owens has more than ten years’ experience in the fixed income and currency markets as a derivatives trader. During that period, he was vice president at Gen Re Securities where he traded, structured and managed the risk for trading books within the major currencies. He also has consulted with a range of businesses on strategic and
