CORPORATE

Luxembourg Reaches New AUM Record

With 3,741.33 billion EUR of assets under management as at 31 December 2016, an annual growth of 6.7%, Luxembourg reports another new record of assets under management in investment funds domiciled in Luxembourg. Luxembourg is well-known as a UCITS fund hub, however since the introduction of the Alternative Investment Fund Managers Directive (AIFMD), the Association of the Luxembourg Fund Industry (ALFI) has seen increasing interest from asset managers of Private Equity, Real Estate and Hedge funds.

State Street/CFA Identify New Metric

New research by the Center for Applied Research, the independent think-tank of State Street Corporation (NYSE: STT), and CFA Institute, has identified a new and powerful business metric – phi – that can have a substantially positive impact on organisational performance, client satisfaction, and employee engagement at investment firms across the EMEA region.

Man AHL Announces Coding Prize Winners

Man AHL, Man Group’s diversified quantitative investment manager, today announces the winner of the second annual Man AHL Coder Prize, a coding competition for students aged 16-25. Matthew Ridley from the University of Oxford was awarded first place and the competition cash prize of £5,000. Junjin Chen from the University of Sheffield placed second and Eddie Rolls from the University of Oxford placed third, with each awarded cash prizes of £2,000 and £1,000, respectively.

OMGI's Weatherston Optimistic on Trump/Abe Meet

'As Prime Minister Shinzō Abe meets with President Donald Trump in Washington D.C. this Friday, he should be given credit for being the first global leader to present a concrete proposal regarding Trump’s ‘America first’ pledge. Following the US withdrawal from the Trans-Pacific Partnership, and in light of an assertive China and uncertain US-China relations, both sides will be keen to cement a favourable agreement. The specific deal could create up to 700,000 US jobs over 10 years through railway and infrastructure investments.

Mercer: 2016 Bonuses Flat, '17 Rises Modest

Salary increases are set to be modest in 2017 as financial services companies worldwide feel the impact of slow economic growth, low inflation as well as continued low interest rates, according to the latest data from Mercer. On average, 2017 base salary increases for all roles are expected to be between 1.9% and 2.4%. Mercer’s research finds that the majority of organisations predict 2017 annual incentive levels to remain similar or unchanged to 2016.

ESMA Publishes 2017 SCWP

The European Securities and Markets Authority (ESMA) has published its 2017 Supervisory Convergence Work Programme (SCWP), which details the activities and tasks it will carry out to promote sound, efficient and consistent supervision across the European Union.

ESMA and national competent authorities (NCAs) will focus their supervisory convergence work on the following priorities:

·         the implementation of MiFID II/MiFIR and MAR including the underlying IT projects;

AIMA, EY Release New Survey

Three key characteristics are essential for firms seeking success in the hedge fund industry: investing in people, sound business infrastructure and a focus on relationships with their investors, according to a global survey of senior individuals in the hedge fund industry by EY and the Alternative Investment Management Association (AIMA), the global representative of alternative investment managers.

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