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Daniel J Davis has been named the US Commodity Futures Trading Commission’s (CFTC) general counsel. Davis (pictured) comes to the CFTC from the law firm Proskauer Rose, where he was special counsel in the labour and employment law department.   Davis will assume his duties today.   “I’m delighted that Mr Davis will bring his vast knowledge, keen intellect, and good judgment to the important work of the CFTC. I welcome him to our agency, and I thank our Acting General Counsel, Rob Schwartz, for his exemplary service over the past several weeks,” says acting CFTC chairman J Christopher Giancarlo.
Agecroft Partners has been named as Best Third Party Marketer Firm at the Hedgeweek Global Awards 2017 – the sixth time in seven years that the company has won the award. “We are honoured to have won this award and more importantly we are happy that the market place approves of the job we are doing,” says Agecroft’s founder Don Steinbrugge (pictured).   Agecroft’s five partners, who average over 20 years of industry experience, have helped raise tens of billions in assets over their careers and have changed the model of hedge fund third party marketing.   Most third party
STOXX, the operator of Deutsche Boerse Group’s index business, and a global provider of tradable index concepts, has launched the STOXX Climate Impact and STOXX Climate Awareness Indices. This next generation of low carbon indices incorporates the CDP climate change scoring methodology which evaluates companies based on their progress in the transition towards a low carbon economy.    The STOXX Global Climate Impact ex Global Compact, Controversial Weapons, Tobacco Index has been licensed to the Finnish Varma Mutual Pension Insurance Company (Varma) for benchmarking purposes. This index includes only companies that show strong environmental stewardship as they have climate actions
According to the data from Societe Generale Prime Services February was a strong month for managed futures strategies, with all three CTA indices (the CTA index, the CTA mutual fund index and the Trend index) producing performance in excess of 2 per cent. Trend followers led this positive turnaround, returning 2.88 per cent. Short term traders, on the other hand, continued to struggle, with negative returns of -1.95 per cent. The Trend Indicator attribution data showed that equity indices, contributing 2.30 per cent, were the main driver of positive returns for trend followers in February with gains from long positions
Nick Bayley is a managing director in the Compliance and Regulatory Consulting practice at Duff & Phelps. Prior to this, Nick was a Head of Department in the FCA's Markets Policy & International Division, FCA Senior Markets Adviser and was responsible for the UK regulator’s MiFID II Policy Project.  In the first of a series of monthly blogs throughout 2017, Nick will draw upon his expertise and share his views on the main challenges and opportunities that both sell-side and buy-side institutions need to be thinking about in relation to MiFID II. Without further ado, here is the first installment:
Outsourcing has not only become an accepted practice among hedge fund managers, it has become a necessity as funds large and small seek out ways to control their costs, manage their internal resources more effectively, and overcome the ever growing challenge of regulatory compliance.  Perhaps more than ever before, hedge fund managers recognise that as cloud technology makes huge strides forward it makes more sense to focus on their core activities of investing and raising capital, appointing a trusted outsourced provider to manage the raft of non-core activities that investors do not want managers to be preoccupied with.  Indeed, while
XM Group (Trading Point Group), an FX and CFD broker, has launched the MT5 platform with offerings of over 300 CFDs on single stocks. The launch follows a series of testing phases which have made sure the additional platform is connected to all existing systems.   The addition will enable the company to extend its offerings to six asset classes including CFDs on single stocks (shares) in addition to the existing offerings which include FX, CFDs on indices, metals and energies.   Chris Zacharia, marketing director of XM, says: “This day is one of those milestone events, which don't happen
Money market funds with a shorter settlement period of T+1 are now tradable via Deutsche Börse’s Xetra. These products are the first class of securities for which transactions are settled on the trading day following order execution.   All other classes of securities in exchange trading currently have a settlement period of T+2. The new offering addresses the particular trading and settlement conventions of money market funds.   The five money market funds were issued by BlackRock Institutional Cash Series plc and invest in a broad spectrum of fixed income securities and money market instruments with short term maturities. The
Event-driven hedge fund performance has continued to move upwards over recent weeks in a context where M&A activity has remained strong since the beginning of the year, especially in the US, according to Lyxor’s latest Hedge Fund Weekly Brief. Lyxor writes that according to Dealogic, global M&A activity has reached USD490 billion year to date (YTD) as of 3 March.   Although global M&A volumes are slightly down compared to the same period last year (-7 per cent), this is mainly related to lower dealmaking in Asia (-36 per cent, including Japan).   M&A volumes are up 6 per cent
ZEDRA, a specialist in trust, corporate and fund services, has widened the scope of its client offering with the appointment of Bridget Barker as executive director funds and corporate. Barker (pictured) will participate in key networking events, global panel discussions and spokesperson opportunities.   Barker joins ZEDRA from city law firm Macfarlanes with almost 36 years’ experience and is one of only three Senior Statesmen for private equity funds listed in the Chambers Legal Directory, 2017. Her experience in legal issues, particularly related to fund raising in the areas of private equity and real estate, is extensive.   Barker has

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