Latest News
It’s June, which means hurricane season is upon us, and it’s time to shore up business contingency plans. As we all remember, many firms in New York and New Jersey were impacted by Hurricane Sandy back in 2012, and since then, focus on business resiliency and continuity has increased dramatically. If you’re an emerging manager just embarking on your first BCP plan or it’s time to review and update your existing plan, here are eight tips to keep in mind as hurricane season begins.
1. Determine how/where your employees will work in the event of a weather scenario.
Some firms
- 01/06/2017
What does the future hold for the raising of funds in Europe? Wayne Atkinson (pictured) of Collas Crill, on behalf of the Guernsey Investment Fund Association, takes a closer look.
With the arrival of the Alternative Investment Fund Managers Directive (AIFMD), many were quick to bemoan what they saw as the inevitable loss of their favoured route to market; the use of national private placement regimes in the key European markets to raise capital for a Guernsey fund vehicle. With the passing of a few more years, a Brexit referendum and more than a little regulatory delay, it is becoming
- 01/06/2017
A new report from Grant Thornton, entitled ‘The future of growth and the asset management industry: Disruptive forces rewrite the solution for hedge fund success’, finds that investors are demanding that hedge fund managers find alpha that exceeds market performance, an increasingly challenging hurdle during an eight-year bull market.
However, the report says that all bets are not off yet for the hedge fund industry. “Political and economic surprises create heightened volatility, and we are most certainly living in unpredictable times. The industry attracts the best and the brightest talent who can build the most sophisticated risk, liquidity and return
- 01/06/2017
Eze Software, a provider of investment management technology, is investing in its EMEA operation and has appointed David Quinlan (pictured), an 18-year veteran of Eze Software, Executive Managing Director, EMEA.
Quinlan will be leading EMEA business development, sales and client services in the region, focused on the needs of the growing number of EMEA clients in the MiFID II environment. Quinlan joined Eze in 1999, and has held a number of critical executive roles across the organisation, serving most recently as head of strategy.
“I couldn’t be more excited for the opportunity to lead the EMEA business for Eze. We
- 01/06/2017
- 01/06/2017
Liquidnet has appointed Takis Christias as head of trading strategies EMEA.
Takis brings more than 20 years of experience in quantitative analysis and trading strategies and will be responsible for the continued build out of the electronic execution offering across the Liquidnet platform.
“Takis is a key addition to Liquidnet’s algorithmic design and development team in EMEA. The ability to optimise execution strategies to navigate the changing liquidity landscape is crucial to our clients,” says Mark Pumfrey, head of Liquidnet EMEA.
Christias joins Liquidnet from Citi, where he held a number of senior roles in the electronic
- 01/06/2017
IHS Markit has launched the Emirates NBD Markit iBoxx USD Sukuk Index in collaboration with Emirates NBD, the Dubai-headquartered bank.
The index provides an objective and transparent benchmark for investors in USD sukuk (bonds that conform with Islamic finance norms).
It couples market knowledge from Emirates NBD with IHS Markit’s expertise in the provision of fixed income indices.
“The creation of the Emirates NBD Markit iBoxx USD Sukuk Index is an important and timely expansion of our global iBoxx family of bond indices,” says Aram Flores, managing director and co-head of Indices at IHS Markit. “In partnering
- 31/05/2017
Fintech company Red Deer and Convergex’s Westminster RPA are working together to provide an end-to-end MiFID II solution for the asset management industry.
Westminster Research Associates is a broker-dealer specialising in providing full-service custodial aggregation solutions and access to an extensive network of independent research to the institutional investment community. Convergex is an agency-focused global brokerage and trading related services provider.
Together, Red Deer and Westminster RPA will enable clients of both companies to benefit from a research valuation and payments process that allows asset managers to remove any scope for conflict by valuing and paying for research
- 31/05/2017
Global advisory and fund administration firm Maitland has appointed David Hathorn, until recently the CEO of FTSE 100 packaging and paper giant Mondi, to the firm’s board as a non-executive director.
Hathorn (pictured) will also act as chairman of the audit and risk committee of Maitland International Holdings.
The appointment comes amid a period of growth for Maitland, which recently expanded its reach to 17 offices globally. It follows the 2015 non-executive director appointment of Maureen Erasmus, an advisory partner at global management consultancy Bain & Company.
Hathorn career spans some 30 years, 25 of which were
- 31/05/2017
The US Commodity Futures Trading Commission (CFTC) has issued an order of registration to Eurex Zurich, a foreign board of trade (FBOT) in Switzerland, allowing the company to provide its identified members or other participants located in the US with direct access to its electronic order entry and trade matching system.
Eurex Zurich’s application for registration included representations that its regulatory regime under its regulatory authority, the Swiss Financial Market Supervisory Authority (FINMA), satisfies the requirements for registration under CFTC regulations.
After reviewing the FBOT’s application, the CFTC determined that Eurex Zurich has demonstrated its ability to comply
- 31/05/2017
Global independent fund administrator Apex Fund Services has become the first administrator to receive in principle approval from the ADGM to carry out regulated activity in the jurisdiction.
Under the in principle approval, the grant of financial services permission to act as the administrator of a collective investment fund in the ADGM is subject to final regulatory review of certain pre-conditions being fulfilled.
Having recently acquired Equinoxe Alternative Investment Services, with the backing of Genstar Capital, Apex has stepped up to be ranked one of the world’s top 15 largest fund administrators. The group was founded in 2003
- 31/05/2017
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