Sec Lending 2014

Rotor-bladesFixed income lending will gather pace once prices of high quality assets increase. The pulling of QE was not enough to increase activity, finds Lynn Strongin Dodds. 

MeadowThe cost of collateral transformation could mean fund managers will prefer collateral optimisation instead, finds Lynn Strongin Dodds.

HedgeLending out securities could help hedge funds balance losses or lift returns after they have struggled to beat the broader market. Stefanie Eschenbacher explores the changing role of hedge funds in the securities lending market.

David-RaccatExpansion can be one of the greatest challenges, but also one of the greatest opportunities for a firm. David Raccat, head of global markets, and head of market and financing services (Asia Pacific) for BNP Paribas Securities Services, discusses the firm’s strategy for becoming more global.

Nick Fitzpatrick chaired a wide-ranging discussion among leading securities finance experts. Topics include the role of Ucits funds in securities lending, and regulation affecting the industry. Basel III, where banks will need to borrow high-quality assets for funding purposes, is considered a game-chaning opportunity for beneficial owners. But fund boards face the challenge of understanding the risks of lending.

IndicesDataLend increased its offering in the securities finance data business recently with the launch of the Target 50 index. Ben Glicher, product owner of DataLend, explains what this does. 

ETFsAn efficient ETF lending market in Europe could benefit all participants. Nicholas Pratt examines what is being done to create one.

Stephen KielyRegulation has pushed up securities lending costs and made beneficial owners more aware of risk. Firms such as BNY Mellon have responded with flexibility.

ColumnsThe use of central counterparties is increasingly prominent in many OTC markets but rarely features in European securities lending. Nicholas Pratt looks for an explanation.

Sponsored Profiles

SPONSORED FEATURE: Smarter than beta

Jun 14, 2017

‘Smart beta’ investing is rapidly becoming a popular alternative to both conventional passive management and traditional active management.

SPONSORED FEATURE: Smart beta: Unlocking key drivers of return

Jun 14, 2017

Manuela Sperandeo, iShares Head of Specialist Sales EMEA, tells Funds Europe how investors can leverage smart beta strategies to target numerous outcomes.

SPONSORED FEATURE: Minimum variance indices: Rewriting the rules

Jun 14, 2017

The FTSE Russell indices tracked by lyxor lead to fewer specific risks, fewer valuation and crowding issues and more consistent performance.

SPONSORED FEATURE: The reflationary environment

Jun 06, 2017

Funds Europe talks to Andreas Wosol about the implications of a return to reflation and why the value part of the European equity market could support investors in such an environment.

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 & Panels

TRENDING: Smart beta indices continue onward march

Jun 14, 2017

We asked five investment experts how smart beta indices have performed against cap-weighted indices over the past year and what the investment outlook suggests about the prospect for different investment factors.

SMART MONEY: Following the smart money

Jun 14, 2017

We asked six investment professionals about the emphasis they are placing on smart beta and active ETFs and how platforms are adopting these products.