Money flows

Hedge fund redemptions in June at 4.80 per cent

Hedge fund redemptions for June will total 4.80 per cent, according to the SS&C GlobeOp Forward Redemption Indicator. »


Handshake

ConvergEx Group appoints chief financial officer

Conor McCarthy has joined brokerage and trading services provider ConvergEx Group as chief financial officer.  »


Euros

Euronext valued at EUR1.4 billion

Intercontinental Exchange has set the initial public offering (IPO) price of the ordinary shares of Euronext at EUR20.00 per share valuing the pan-European exchange group at EUR1.4 billion. »


Regulation

Maitland launches AIFMD fund platform in Luxembourg

Maitland has received approval from the Luxembourg regulator (CSSF Luxembourg) for its Alternative Investment Fund Manager Directive (AIFMD) compliant management company and specialised investment fund. »


Report

Gravitas white paper provides actionable layered strategy for asset management firms

A white paper from Gravitas provides alternative investment companies with a layered cybersecurity strategy including a six-point framework of actionable steps to address a range of cyber-threats head on. »


Fraud

Winsome and US Ventures to pay over USD40m for commodity pool fraud

The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring Robert J Andres and his company Winsome Investment Trust and Robert L Holloway and his company US Ventures (USV) to pay a civil monetary penalty of USD32,370,000 and restitution for defrauded customers totalling USD12 million.  »


Gold bars

Investors adding liquid alternatives to their portfolios should consider gold, says WGC

Gold exhibits the characteristics of liquid alternatives (liquid alts) without many of the inherent disadvantages associated with this growing sector, according to a paper by the World Gold Council (WGC). »


Handshake

TABB Group names head of fixed income research

TABB Group has named industry veteran Anthony J Perrotta, Jr as its new head of fixed income research, reporting to Larry Tabb, founder and chief executive. »


Tax

BVI signs 26th TIEA with Japan

The British Virgin Islands has signed a Tax Information Exchange Agreement (TIEA) – its 26th in total – with Japan. »


Handshake

Cantor Fitzgerald expands prime services group

Cantor Fitzgerald has strengthened its prime services business with the additions of Paul Mandile, David Sklar and Robert Marietta.   »


Upcoming events

12 hours 58 min from now - London
2 days 12 hours from now - London
1 week 12 hours from now - Rhode Island
1 week 12 hours from now - Rhode Island
1 week 1 day from now - Boston

Upcoming training