Magazine Issues»September 2015

As central bank policies diverge and FX volatility increases, asset managers are looking for ways to keep on top of this highly liquid market. Marc Tuehl, Global Head of FX Overlay at HSBC, explains the considerations and benefits of outsourcing currency risk management.

Mud raceNext March, Ucits V will entrench a more transparent, if more severe, environment for securities lending. The landscape for funds to benefit from lending is still difficult, but getting clearer, finds Hugo Cox.

Richard FraseThe Markets in Financial Instruments Directive II (MiFID II) has been credited with adding to regulatory burden but it has made progress in an area which was initially seen as controversial: access to EU markets by third-country managers and its harmonisation.

This year’s survey shows that scale is as important as ever to global custodians – but headcount and operational costs will also prove key, writes Nicholas Pratt.

Bank vaultAn outbreak of common sense among asset managers could be the biggest consolation for custody banks striving to make their core services profitable. Nicholas Pratt reports.

Paul NorthLike so many European buy-side and sell-side firms – and by extension many investors globally - in the coming months asset managers across the region will need to navigate an array of changes and challenges brought about by the advent of MiFID II/MiFIR in 2017.

PatchworkFunds Europe asked leading custody figures about overlapping reporting requirements and dealing with fragmented approaches by countries to fund retrocessions.

Middle age womanWe profile some of the most interesting fund launches in recent weeks and examine the performance of a product already on the market.

Florian van MegenAs the industry awaits the detailed MiFID II rules on consumer protection – introducing new product governance requirements – firms have already kicked off their own implementation projects to be ready and compliant when the rules become applicable on January 3, 2017. 

Yerlan SyzdykovThe emerging markets corporate bond universe is much larger and more diverse than widely assumed. In the current market, a growth recovery in the developed world is helping emerging market corporates to generate better returns versus emerging market sovereign bonds.