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THURSDAY TICKER: OCTOBER 30TH 2014: - The re-election of President Dilma Rousseff on Sunday has important implications for Brazil's Baa2 sovereign rating, as well as for the credit quality of the country's banks, corporations and securitisations, says Moody's. The rating agency says the narrow margin of her victory underscores the challenges she faces as she looks to revive Brazil's lacklustre economic performance - Facebook has reported third quarter results, again showing strongest year-on-year growth in mobile, where daily active users (DAUS) rose by 39% to 703 million, while overall daily users rose 19% to 864 million DAUS - Francisco Partners, a global technology-focused private equity firm, today announced it has completed the acquisition of Vendavo, Inc., a leader in business-to-business (B2B) pricing solutions. David Mitchell, an operating partner of Francisco Partners, will join Vendavo as CEO and lead the company’s worldwide business strategy and operations. Incumbent CEO Neil Lustig will transition into an advisory role with Vendavo. Francisco Partners now has a controlling stake in the Silicon Valley company. The acquisition by Francisco Partners provides additional resources to bolster Vendavo’s aggressive growth strategy, enabling the company to expand sales and marketing while accelerating cloud development. Vendavo completed a record first half of 2014, with nearly 30-percent growth in bookings, and the release of two breakthrough solutions for price and sales effectiveness. Based in Mountain View, Calif., Vendavo provides revenue and price optimisation solutions for B2B mid-market and enterprise companies.Francisco Partners was advised by JMP Securities, and Vendavo was advised by William Blair. Financial terms of the transaction were not disclosed – The International Finance Corporation, or IFC, issued the four-year, triple-A rated bond only to Japanese retail investors, tapping into the growing interest in low-risk investments with a social or environmental focus. The World Bank, has sold several billion dollars in green bonds over the past six years, with proceeds going to help countries and firms cut greenhouse gas emissions and adapt to climate change. The latest offering, Inclusive Business bonds, would finance firms that work with or sell to the 4.5bn people in the world that make less than $8 a day. IFC said while most poor people do not spend a lot individually, as a whole they represent an estimated $5trn consumer market that firms could tap into - NAKA Mobile, a telecoms and technology specialist based in Switzerland, has claimed the industry’s first virtualised evolved packet core (vEPC). Utilising Cisco’s NFV services, NAKA claims it will transform its network architecture, expand beyond Switzerland, and provide its mobile Internet services to customers across the world - The Internet Society and Alcatel-Lucent have agreed to provide support and equipment for the development of the Bangkok Internet Exchange Point (BKNIX). The project will utilise the Internet Society’s Interconnection and Traffic Exchange (ITE) programme and is intended to deliver a stronger and more robust Internet infrastructure for South East Asia.

BlackRock adds master trust to range of DC pensions solutions

Friday, 15 June 2012
BlackRock adds master trust to range of DC pensions solutions BlackRock says it has launched a new BlackRock Master Trust to complement its existing trust and contract-based DC solutions. It will bundle scheme administration, an investment platform, member engagement tools and trustee services. It will also enable employers to provide DC benefits under the more stringent governance model of a trust without the associated long term overheads of having to appoint trustees or meet the regulatory and audit costs usually associated with operating trust-based schemes, claims the firm. http://www.ftseglobalmarkets.com/

BlackRock says it has launched a new BlackRock Master Trust to complement its existing trust and contract-based DC solutions. It will bundle scheme administration, an investment platform, member engagement tools and trustee services. It will also enable employers to provide DC benefits under the more stringent governance model of a trust without the associated long term overheads of having to appoint trustees or meet the regulatory and audit costs usually associated with operating trust-based schemes, claims the firm.

Employers using the BlackRock Master Trust will be able to offer a preselected range of funds including a default option. Alternatively, employers can work with their investment consultant to customise the investment funds available using the full range of funds on BlackRock’s DC investment platform. The service will also provide a range of solutions to help companies meet the communications challenges of auto-enrolment. Employees will be able to use Target Plan, an integrated modelling tool, which allows clients to assess saving requirements and manage changes to retirement age, contribution level or investment choice.

Paul Bucksey, BlackRock’s head of DC business development and client relations,says that: BlackRock Master Trust ... will offer employers the cost effective and flexible solutions needed to address the challenges of auto-enrolment and the long term savings needs of their employees using the governance structure that best suits them. We have seen significant interest in Master Trust, both from existing clients as well as the wider market, and expect demand to accelerate as we move into the auto-enrolment era.”



Following an extensive selection process, BlackRock has appointed Independent Trustee Services (ITS) as the corporate trustee. “ITS has a strong approach to scheme governance and excellent relationships with pension schemes, employers and consultants which made them the ideal choice for our new product. ITS is a firm with an excellent reputation for delivering professional trustee services across a wide range of pension schemes,” says Steve Rumbles, BlackRock’s head of UK Defined Contribution Pensions, said:

 

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