Latest News
Guernsey Finance, the island’s offshore finance promotional agency, has promoted Kate Clouston to the position of deputy chief executive.
Since starting with Guernsey Finance in 2015 as the agency’s first director of international business development, Clouston (pictured) has been responsible for leading business delegations and promotional activity in South East Asia, North America and Europe.
Her work has had a focus on evaluating and developing these target markets, through implementation of development strategies around emerging financial products, and attracting new companies or business to Guernsey.
Guernsey Finance chief executive, Dominic Wheatley, says: “Kate brings a tremendous level of
- 09/05/2017
- 09/05/2017
US Bank has appointed Joseph Giordano as president of its Global Corporate Trust Services (GCTS) division.
Giordano, who currently serves as senior vice president and head of the municipal and corporate divisions of GCTS, will take over as president effective 1 June 2017.
Giordano has more than 35 years of experience in corporate trust and the financial services industry, and helped lead US Bank’s CDO team to 53 per cent market share in little more than four years. Prior to US Bank, Giordano served in senior roles at JP Morgan Chase, where he managed CDO, asset-backed securities, mortgage-backed securities, and
- 09/05/2017
By Nick Bayley (pictured), Duff & Phelps – As a former exchange regulator, I have more than a passing interest in the mechanisms for price formation and price discovery. So, it’s interesting to see the start of what I think will be a extended period of price discovery for investment research, as the sell-side and buy-side try to arrive at a common foundation on which to value it, which is part of the unbundling exercise under MiFID II.
It will be fascinating to see how the sell-side will approach the question of what is the right price to access its research.
- 08/05/2017
- 08/05/2017
The life of the Chief Compliance Officer is not getting any easier with respect to the many regulatory and compliance demands placed on today’s alternative fund management community.
Dealing with diverse issues ranging from tax compliance (in the form of FATCA and Common Reporting Standards) to cybersecurity developments and upcoming regulation in Europe including MiFID II and the General Data Protection Regulation, as well as orchestrating the investor onboarding experience and ongoing compliance commitments, is enough to keep any CCO awake at night.
However, a practical approach that combines technology with effective communication with the appropriate people can lead to
- 08/05/2017
LoCorr Funds has reduced the management fees for the LoCorr Macro Strategies Fund, formerly the Managed Futures Strategy Fund, as the fund surpasses USD1 billion in net assets.
The new fee structure will reduce the management fee from 1.85 per cent to 1.75 per cent for all Macro Strategies Fund share classes, reduce the expense cap for all share classes and eliminate the short-term redemption fee for the fund.
LoCorr Macro Strategies Fund has achieved a Five-Star Overall Morningstar Rating among 97 Managed Futures Funds based on the three- and five-year risk adjusted return for the period ending 3/31/2017.
- 08/05/2017
- 08/05/2017
The Colt PrizmNet, a financial extranet offering deterministic low latencies for delivering data, software, content and financial services worldwide, now connects three out of the five leading brokers in US electronic equity trading.
Colt PrizmNet provides connectivity to all major venues, ensuring best execution and visibility into global markets, and increasing algorithmic trading efficiency.
Over the past year, Colt has expanded the pool of providers available on Colt PrizmNet from 50 to 75, including Ak Investment, Applied Blockchain, Cappitech, and Succession Systems. The Colt PrizmNet reach continues to expand with more than 100 providers being on boarded this year.
- 08/05/2017
Neudata, a provider of global equity, currency, commodity, fixed income and derivatives market intelligence to sophisticated investment managers, has appointed Robert Benson as an investor and business adviser.
Benson (pictured) is an active investor in promising start-up businesses within the financial and data sectors.
He will be based in London and will assist the Neudata team in growing its alternative data intelligence platform which is used by hedge fund managers and other institutional investors.
“We are very excited and honoured to have someone of Rob’s calibre and expertise on our extended team of professionals,” says Rado Lipuš, founder
- 08/05/2017
- 08/05/2017
Independent fund and corporate services provider the Aztec Group has established two Jersey Private Funds (JPFs), the first funds to be formed since the regime’s inception on 18 April 2017.
Introduced last month by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.
The Aztec Group worked closely with law firm Mourant Ozannes to establish the first new fund structures approved under the new regime. The first, a private equity fund, required a closed-ended limited partnership managed by its
- 05/05/2017
FundRock Management Company has been selected by CRUX Asset Management to provide management company services to its new UCITS fund, the CRUX Global Fund.
Services include the supervision of the delegated functions (portfolio management, central administration, distribution) and risk monitoring.
Established in 2014, CRUX Asset Management is an employee-owned fund management firm headquartered in London. The CRUX Global Fund will launch one sub-fund at the outset, the CRUX European Special Situations Feeder Fund, and will invest the majority of its assets into the GBP1.5 billion FP CRUX European Special Situations vehicle. The new fund will launch on 15 May 2017.
- 05/05/2017
Michael Platt is the wealthiest hedge fund manager in the UK, according to the new edition of The Sunday Times Rich List, to be published on 7 May.
Platt (pictured), the co-founder and managing director of London-based hedge fund BlueCrest Capital Management, has seen his wealth go up GBP300 million in the past year.
The firm now only handles the wealth of partners and members after Geneva-based Platt, 49, called time last year on managing money from outside clients. The move worked as the fund reported a 50 per cent gain during 2016.
The business, which was valued at GBP1.51 billion in 2011,
- 05/05/2017
Special Reports
FeatureD
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
