Handshake

ABN AMRO Clearing appoints FX product manager

ABN AMRO Clearing has recruited Noel Singh for the new role of FX product manager, responsible for developing international expansion opportunities for the firm’s currency offering. »


Open sign

Maples Fund Services opens Boston office

Maples Fund Services has opened an office in Boston, expanding its North American presence. »


Numbers and magnifying glass

Hedge funds redeem USD40m in July and outperform S&P 500

The hedge fund industry redeemed USD40 million in July, the first monthly outflow of the year, after taking in USD5.1 billion (0.2 per cent of assets) in June, according to BarclayHedge and TrimTabs Investment Research. »


Shares

BGC Partners to offer to acquire GFI Group shares for USD5.25 per share

BGC Partners intends to commence a tender offer to acquire all of the outstanding shares of GFI Group for USD5.25 per share in cash in a transaction valued at approximately USD675 million.  »


Letter

CFTC issues no-action letter for CPOs with wholly-owned trading subsidiaries

The US CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a no-action letter for commodity pool operators (CPOs) that are non-registered investment companies that use wholly-owned trading subsidiaries to trade commodity interests. »


Joined hands

Virtus and SunGard to offer integrated bank debt service

Fixed income asset administrative and middle-office services and data provider Virtus Partners is teaming up with VPM, SunGard’s asset management business, to offer an integrated bank debt service. »


Wheat

Crop producer confidence slumps as commodity prices drop

Overall agriculture producer confidence has fallen considerably since March following significant drops in commodity prices and in anticipation of record corn and soybean harvests this fall. »


Survey

Investor demand fuelling dramatic growth of hedge fund liquid alternatives, says DB study

The percentage of participating investors allocating liquid alternative investments rose from 28 per cent to 51 per cent year-on-year, according to a study by Deutsche Bank. »


Gavel

SEC charges HF manager with bilking investors and portfolio pumping

The Securities and Exchange Commission (SEC) has charged a Minneapolis-based hedge fund manager, his investment advisory firm and an accomplice with bilking investors in two hedge funds out of more than USD1m.  »


Meeting

Gallatin Advisers rebrands as PivotalPath

Hedge fund advisory firm Gallatin Advisers has changed its name to PivotalPath (Americas) LLC and appointed Jonathan Caplis as its chief operating officer. »


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Mon, 29/09/2014 (All day) - London
Thu, 02/10/2014 (All day) - London