Tuesday 29th July 2014
TICKER: MONDAY July 28th 2014: The Union Bank of the Philippines (UBP) released a 49% drop in net earnings in the first half of 2014, as it came in to just PHP3.2bn, almost half of its net earnings in the same period last year. In the April to June period alone, net income fell 36% from PHP2.18bn in the second quarter of 2013 to PHP1.6bn in the second quarter of 2014. However, it is important to note that net interest income grew by 29% year-on-year, as it came in at PHP5.2bn in the half of 2014 – Rangold chief executive Mark Bristow will present the firm’s Q2 results at noon on Thursday this week at The Forum, London Stock Exchange Around 10.00 am today some traders on Moscow Exchange’s Derivatives Market reportedly experienced difficulties entering orders via the FIX protocol, with some valid messages rejected with an error code. The FIX protocol has been functioning as usual since 11:37 am says the exchange. Moreover, the exchange stresses other protocols to access the Derivatives Market’s trading system have been functioning as usual - Société Générale Securities Services in Luxembourg has been mandated by wealth manager Bedrock, with $6bn in assets under management, to provide custody, fund administration and registrar services for its range of UCITS funds - Moody's Investors Service has assigned a first-time provisional (P)B3 corporate family rating (CFR) to Empik Media & Fashion SA Group. At the same time, Moody's has assigned a provisional (P)B2 rating to the firm’s proposed senior secured notes due 2019 to be issued at EM&F Financing AB, a wholly owned and guaranteed subsidiary of EMF, reflecting its overall ranking within the debt capital structure. The outlook on the ratings is stable. This is the first time Moody's has assigned ratings to EMF - Lithuania will adopt the euro on January 1st next year. Lithuania will become the 19th member state to adopt the euro. "Lithuania's consistent efforts have paid off: today the eurozone has opened the door for us," said Algirdas Butkevičius, prime minister of Lithuania, on the announcement. The entry of Lithuania into the euro family is of great importance for the whole euro area. "It's a demonstration of the continuing attractiveness of the single currency project and its relevance for the future of our community," added Sandro Gozi, State Secretary for European Affairs of Italy and President of the Council of the EU. The conversion rate has been set at 3.45280 Lithuanian litas to the euro – Global macro hedge fund manager Atreaus Capital is now live with SunGard’s Hedge360 Risk Reporting Service. Delivered as a managed service, the Hedge360 Risk Reporting Service provides highly customized daily risk reports, offering transparency to investors and integrated internal risk management to hedge funds. Trading a broad range of products with an emphasis on FX and commodities, in the form of both OTC derivatives and futures - AnaCap Financial Partners LLP, the specialist European financial services private equity firm, together with HIG and Deutsche Bank, have completed the acquisition of a €495m portfolio of non-performing and sub-performing loans from Volksbank Romania. Under terms of the agreement, funds advised by AnaCap will jointly acquire the entire portfolio with HIG and Deutsche Bank. The portfolio of 3,566 loans in total is backed by a mix of primarily residential, commercial real estate and development land. APS Romania will be appointed as Master Servicer. The transaction is the largest of its kind in Romania to date, and came about as a result of the ongoing pressure on financial institutions across Europe to restructure and divest assets in order to clean up balance sheets and comply with new capital requirements. After a prolonged correction following the financial crisis, the property market in Romania is now showing strong signs of improvement. GDP and unemployment have recovered on the back of labour market reforms in 2011 and an IMF financing package. House prices, which declined 38% since their peak in mid-2008, are now on the rise, with the areas surrounding central Bucharest and other main cities increasing 4% for 2013.

FundForum Asia 2012

FundForum Asia 2012 24th – 27th April 2012Kowloon Shangri-La, Hong Kong http://www.ftseglobalmarkets.com/

Whether you are an established member of the Asian investment management community or just setting up business in the region, FundForum Asia is an unmissable opportunity for you to showcase your expertise, learn from the industry leaders and make vital new contacts.

For the latest information, and to register, visit: http://www.informaglobalevents.com/FKN2326FGMWL


Here are some of the new features we will be pioneering next year at FundForum Asia:

  • CEO Question Time: Your opportunity to put your burning questions to a top panel of CEOs - you choose what’s on the agenda, not the moderator!
  • The Portfolio Managers Showcase: Present you newest fund before a committee of fund selectors
  • Closed Door “On The Ground” Sessions: Debate those sensitive issues affecting your business
  • A Brand New Emerging Markets Summit Day: An entire day dedicated to the most attractive investment destination at the moment
  • Back By Popular Demand – The China Summit: An in-depth learning opportunity on the most significant market for the region
  • Back By Popular Demand  - The Global Fund Distribution Summit: Meet with leading fund selectors, plus local and global asset managers, and find out the very latest distribution trends

What Makes FundForum Asia The Biggest And Most Prestigious Asset Management Conference In The Region?

  • Over 450 attendees in 2011!
  • Over 30 Leading Asian and International CEO
  • 100+ Fund Selectors To Meet And Do Business With
  • Over 50 Hours Of Potential Networking
  • More Than 70 Key Learning Sessions
  • 3 Special Focus Summit Days

  • As always, our focus has been on bringing the FundForum audience the most relevant and cutting edge topics in Asian Investment & Wealth Management. Here are a few of the new topics we will be covering this year

    • Assessing The Globalisation Of The Asian Investment Management Industry
    • The Regionalisation Of Domestic Asset Management
    • Creating The Business Model For The Future
    • From Shelf-Space to Mind-Space: Creating A Winning Product Proposition For The Asian Investor
    • Addressing The Retirement Needs Of An Ageing Asian Population
    • Lifting The Lid on RMB Funds


    The FundForum Asia Distribution Summit
    23rd April 2012

    2011 was the best year yet for the pre-conference Distribution Summit. This is now recognised as the foremost meeting point for Asset Managers and Fund Selectors for the region – topics for this year include:

    • How To Overcome Volatility-Driven Inertia Amongst Investors?
    • What Does It Take To Get On The Strategic Partner List Of Major Asian Fund Platforms?
    • Understanding What Makes A Good Manager In The Eyes Of A Fund Selector?
    • What Are Private Banking Advisors Advising Their Clients?

    And much much more…….


    China Summit – 27 April 2012

    Everything you need to know about doing business in China from the development in QDII & QFII, to investor appetite and the future for RMB Funds, with some of the mainland’s key managers & distributors

    Emerging markets Summit -23rd April 2012

    Get to grips with the crucial issues to consider when investing in Emerging and Frontier markets from the leading experts in this field.

    For the latest information, and to register, visit: http://www.informaglobalevents.com/FKN2326FGMWL

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    DataLend is a global securities finance market data provider covering 42,000+ unique securities globally with a total on-loan value of more than $1.8 trillion.

    What do our tweets mean? See: http://bit.ly/18YlGjP

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