The Covid-19 crisis: a necessary challenge for active fund managers
08/04/2020 | Les Echos
While active fund managers suffer from significant outflows in the month of March compared to passive management, the Covid-19 crisis is a unique opportunity for them to reverse the trend and regain credit from investors, by demonstrating their added value in this period of uncertainty and high volatility. A huge but necessary challenge ahead. [...]
Brexit & Clearinghouses: the relocation challenge
26/03/2020 | Revue Banque
While the market wants the clearing of euro denominated derivatives to remain in London, European politicians prefer to see this activity migrate to the EU27 to preserve the sovereignty of the European Union. Alvae Research analysis is that such migration seems impossible in the short term and remains ambitious in the longer term. The equivalence regime is likely to last far beyond January 1, 2021. . [...]
Asset Management trends: iconic star managers, an endangered species
04/02/2020 | Les Echos
The relative underperformance of active fund management undermines the image of iconic star managers who once forged the reputation of management companies. The rise of market data and new ESG trends require multiple skills and an increasing use of advanced technologies to make informed investment decisions: an essential shift for traditional fund managers to survive in this new environment. [...]
European Prime Brokers seek a clever balance between cost rationalization and a wider mix of services
30/01/2020 | AGEFI Hebdo
The good results of hedge funds in 2019 are timely for prime brokers looking to return to profitability, battered by pressure on prices and increasingly stringent regulatory requirements. [...]
Brexit: UK clearinghouses granted for one more year equivalence by ESMA
29/01/2020 | Les Echos
No big-bang for derivatives clearing as UK officialy switches to the Brexit transition period, but what comes next? One year to go, the question on the equivalence for UK clearinghouses remains fully open and the outcome could dramatically impact the European derivatives market... or not. [...]
Hedge funds outlook - The industry returns to growth after the storm of year 2018
5/12/2019 | AGEFI Hebdo
The hedge fund industry is picking up colors after the storms of the year 2018. But unevenly among players: investors have re-allocated their capital to those who have been the most successful and resilient. Quantitative and event-driven strategies are favored at the expense of traditionally acclaimed long / short equity strategies. In terms of prospects, Asia represents the next growth driver for the industry. [...]
Too big to fail: EU to double CCP's own capital contribution to strengthen the default waterfall process
27/11/2019 | Les Echos
EU to double CCP's own capital contribution in case of a clearing member default, in an effort to reduce systemic risk on central clearing activities. [...]
Euronext and SIX eye at spanish stock exchange BME
19/11/2019 | Les Echos
New episode in the consolidation wave of European stock exchanges, and a new challenge for Euronext who faces this time the Swiss SIX to take control of the Spanish BME, one of the last independent European markets. [...]
Institutional investors turn to crypto-assets markets
04/11/2019 | Revue Banque
Institutional investors show growing interest in crypto-assets, with a view to improving portfolio performance and risk diversification. The crypto markets, marked by high volatility, relatively little liquidity and a regulatory deficit, are still in the construction phase. [...]
Incumbent post market players as aggregators of services
24/10/2019 | AGEFI Hebdo
The restructuring of Europe's post-trading landscape is accelerating: incumbent players need to focus on creating value to protect their margins and meet growing competition [...]
Why Brexit is not going to sink the City
16/10/2019 | Les Echos
We have feared and announced the worst for the City of London since the referendum in favor of Brexit, but it is clear that the financial center is resilient. "The Story", the news podcast of "Les Echos", explains why [...]
The Hong Kong Stock Exchange makes a surprise buyout offer on the London Stock Exchange
11/09/2019 | Les Echos
The Hong Kong Stock Exchange has announced an offer to buy 31.6 billion pounds sterling on the London Stock Exchange. The proposal is politically sensitive and raises the threat of a takeover of a jewel of the City by China [...]
Market professionals formulate their recommendations for the transition of Eonia to the new rate €STR
20/08/2019 | AGEFI Quotidien
The market working group issued a report on Monday, and is concerned about the delay of the market players [...]
Initial Margin : a reprieve for the "small" players in the OTC derivatives market
25/07/2019 | Les Echos
International regulators have decided to postpone to 2021 the obligation to commit initial margins for OTC derivative transactions of "small" players [...]
Regulators postpone margin requirements for uncleared derivatives by one year
24/07/2019 | AGEFI Quotidien
The delay announced yesterday by the Basel Committee and IOSCO would relieve nearly 700 counterparties [...]
Launch of our website alvae.fr
22/07/2019 | alvae
We are pleased to announce the launch of our website alvae.fr. Do not hesitate to contact us to know more about our services!
CFTC regulator strengthens its control over foreign derivatives
26/06/2019 | AGEFI Quotidien
US derivatives regulator could reduce the scope of business for foreign brokers [...]