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SG CIB completes execution services integration

Societe Generale Corporate & Investment Banking (SG CIB) has announced the completion of a programme to combine its execution teams, adapting to increasing demand for fully integrated electronic and high-touch trading services across asset classes. In the final stage of this integration, the investment bank’s high-touch cash equity team has moved to join the Global Execution Services (GES) team within Societe Generale Prime Services.
 

Hedge Fund Investor Group Publishes Guidance On Fees

The Alignment of Interests Association, (“AOI”) a non-profit investor-driven organization, today released Hedge Fund Fees: Achieving Greater LP/GP Economic Alignment, a set of guidance aimed at creating increased investor-manager alignment on the issue.AOI’s Hedge Fund Fees guidance was developed by a committee comprised of leading institutional investors in hedge funds, including pensions, foundations and endowments, and consultants for investors in the space.

Bluebay's Charpin: Themes For The Summer

The past couple of weeks have been dominated by political shifts amidst relatively benign, if slightly disappointing, economic data. In Europe, the election of Emmanuel Macron has been a positive influx for European politics. The French president has reached out to Germany, promising French reforms and asking for greater European integration and social/economic policies. Angela Merkel, having already achieved everything she could for the German economy, should be receptive to a greater European focus going forward.

Mercer: 55% Of UK DB Schemes Cashflow Negative

Mercer’s latest European Asset Allocation Survey has highlighted that 55% of the UK’s defined benefit (DB) pension schemes are now cashflow negative (up from 42% in 2016) with 85% of the remainder expecting to be cashflow negative by 2027. Cashflow negative schemes lack sufficient income from investments and contributions to pay member pensions, so typically need to sell assets to meet their liabilities.

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