All news

Varden Pacific selects MCAM to raise capital for Pacific Opportunity Partners fund

Thu, 02/05/2013 - 12:43

Varden Pacific, the San Francisco-based structured credit hedge fund manager launched in late 2010, has selected alternative assets placement agent MCAM Group to raise capital internationally for its flagship Varden Pacific Opportunity Partners fund. »

PineBridge and CICC launch fund of hedge funds targeting Chinese investors

Thu, 02/05/2013 - 12:02

CICC Investment Management (USA) and PineBridge Investments have launched the first global fund of hedge funds targeting qualified Chinese investors. »

David A Geffen launches hedge fund advisory practice

Thu, 02/05/2013 - 10:04

David A Geffen has launched Geffen Advisors, a consulting firm focused exclusively on the hedge fund industry. »

CME Clearing Europe moves to support clients’ OTC clearing needs ahead of EMIR

Thu, 02/05/2013 - 06:15

Even though the exact timeline for EMIR (European Market Infrastructure Regulation) has yet to be finalized, CME Clearing Europe is not resting on its laurels. Towards the end of March this year, it announced the launch of interest rate swap clearing; the firm’s first foray in clearing OTC financial derivatives in Europe. In doing so, CME Clearing Europe (which launched in May 2011) became the third main player to support European buy-side firms, along with Eurex and LCH.Clearnet. »

Jon Moulton appointed CISX chairman

Thu, 02/05/2013 - 06:00

The board of the Channel Islands Stock Exchange (CISX) has appointed Jon Moulton as director and chairman. »

Level Global to pay more than USD21.5m to settle SEC insider trading charges

Wed, 01/05/2013 - 16:00

Connecticut-based hedge fund advisory firm Level Global Investors has agreed to pay more than USD21.5m to settle Securities and Exchange Commission (SEC) charges that its co-founder, who also served as a portfolio manager, and its analyst engaged in repeated insider trading in the securities of Dell and Nvidia. »

CFTC issues no-action letter for swap dealers on prime brokerage arrangements

Wed, 01/05/2013 - 12:00

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight has issued a time-limited no-action letter that provides swap dealers with relief from certain External Business Conduct Standards rules in the context of prime brokerage arrangements. »

Palmer Square Capital Management hires industry veteran Jeffrey Fox

Wed, 01/05/2013 - 11:20

Palmer Square Capital Management, an investment management firm that provides portfolios of structured credit, collateralised loan obligations and hedge fund strategies, has appointed Jeffrey Fox as executive director. »

Outsourcing FATCA reporting function overcomes scalability issue for managers.

Wed, 01/05/2013 - 10:36

Outsourcing FATCA reporting function overcomes scalability issue for managers. “The reason firms should start early with FATCA is that until you have gone through the process of data mining and figuring out all the details on your investors, you really do not know the depth of the work that is required in order to be compliant,” asserts Michael Megaw (pictured), managing director at SS&C GlobeOp, one of the industry’s leading independent fund administrators. »

Paladyne and Broadridge add risk offering

Wed, 01/05/2013 - 10:05

Paladyne Systems has secured the rights to the source code, development rights and unlimited distribution rights for the Numerix Portfolio Risk product. »