Sec Lending 2013

Backgammon boardLong-only investment managers could use hedge fund short-selling data as a sign post for stock prices, finds Lynn Strongin Dodds. But there are questions about whether data provides enough information about market direction and whether it is economical.

RunnerBenchmarking is an increasingly important service for asset managers and asset owners involved in the securities lending market. Nicholas Pratt examines the offerings of three main providers.

SunsetFixed income lending has stayed stable while equities business has declined. Lynn Strongin Dodds looks at certain drivers, such as regulation and tapering, that could see bond lending start to rise.

Indemnification in securities lending means providers have ‘skin in the game’, keeping them honest. But there are signs that indemnities are weakening. Plus, directors of Ucits funds should scrutinse lending agents’ fees more. These are two of the issues our lending panel discusses. Chaired by Nick Fitzpatrick.

ArrowsRegulators favour centralised clearing, but central counterparties have a tough job getting lenders to use them, finds Nicholas Pratt.

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.