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Smith, Graham & Co Investment Advisors, a USD6 billion institutional solutions based asset manager, has acquired the Five Mile Capital Partners’ residential mortgage team, an alternative investment manager, led by Brian Tortorella, managing director.
The acquisition will further strengthen SGIA’s focus on expanding its fixed income investment capabilities to address current and future client needs.
“The appeal of this offering, rebranded as ‘Mortgage and Real Estate Debt Alternatives’, is rooted back to our inception in 1990 when we found that mortgages provided above market yields with little additional risk over corporate debt,” says Gerald Smith (pictured), chairman and CEO. “The
- 22/03/2017
RavenPack, a big data analytics provider for financial services, has launched a self-service data and visualisation platform that enables financial professionals to analyse unstructured data for investing and trading and to support risk management and compliance.
The platform allows users to monitor market-moving events, and quickly surface insights by combining a wide variety of data sets, including stock prices, geopolitical events, newsflow, social media activity, payments data, weather, apps, and data from the internet of things.
By using RavenPack’s proprietary sentiment analysis technology, investors can generate predictive insights and evaluate investment opportunities in real time.
The new platform
- 22/03/2017
The Warsaw Stock Exchange (GPW) has extended the fee reduction for market makers of WIG20 futures until 30 September 2017.
Under the promotion, fees have been reduced by between 27 per cent and 41 per cent with respect to volume threshold reached by eligible entity.
From 15,000 to 35,000 contracts the fee is PLN0.50 per contract; and for over 35,000 contracts the fee is PLN0.40 per contract.
In addition, transaction fees executed by market makers in equities outside of WIG20 index will be charged at PLN0.00 until the end of September 2017.
The main objective of the
- 22/03/2017
- 22/03/2017
Neil Pecker and his company, Vision Financial Partners, are to pay USD6.5 million to settle US CFTC charges of fraudulent solicitation and misappropriation in connection with off-exchange binary options.
A US District Court Order requires Pecker and Vision, jointly and severally, to pay restitution to defrauded investors totalling USD2,777,130 plus a USD3.75 million civil monetary penalty.
The order also imposes permanent trading and registration bans against Pecker and Vision and prohibits them from committing further violations of the Commodity Exchange Act and CFTC Regulations.
The order also requires relief defendants Prometheus Enterprises, of Deerfield Beach, Florida, and GDCM
- 22/03/2017
As hedge fund managers seek to rebuild investor confidence in the wake of a challenging 2016, they have pinpointed performance and fees as the key areas that will influence the industry in the year ahead, according to research carried out by Preqin.
The company’s survey of 276 hedge fund managers in November 2016 finds that net investor outflows through the year were felt by the wider industry, and many managers found fundraising and retaining investor capital to be significant challenges.
With several of the high- profile investors announcing redemptions in 2016, and citing fees as a key driver behind
- 22/03/2017
The SS&C GlobeOp Forward Redemption Indicator for March 2017 measured 3.48 per cent, up from 3.25 per cent in February.
"SS&C GlobeOp's Forward Redemption Indicator for March 2017 was 3.48 per cent, sharply lower than the 4.26 per cent reported a year ago for March 2016. In fact, the 3.48 per cent for March 2017 was the lowest level of redemptions for any month of March in the past five years," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "We will be watching future data points very closely to see whether this improvement can be sustained and,
- 21/03/2017
Malta will benefit more than any other financial centre in Europe from Brexit, according to international asset management firm Managing Partners Group (MPG).
While Malta offers financial firms wishing to operate in the European Union several benefits, the alternatives all have serious flaws that make them comparatively less attractive, MPG says.
MPG’s capital markets team will be expanding on the company’s views at The Malta Solution – Ahead of the Curve seminar in London on 30 March.
Jeremy Leach (pictured), chief executive officer at MPG, says: “Malta will be the biggest beneficiary following Brexit. After London, it should
- 21/03/2017
Advanced Logic Analytics (ALA), a provider of enterprise wide big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, has appointed Giovanni Loria to the company’s board as a non-executive director.
Loria (pictured) has been serving as VP and CFO global strategic finance at Computer Science Corporation (CSC) where in recent years he was responsible for the operational and financial transformation of the Xchanging acquisition and the global business services division. In his roles, he has been instrumental in supporting the firm’s global divisional leaders in the execution of company plans, strategies and M&A activity.
- 21/03/2017
SmartStream Technologies, a Transaction Lifecycle Management (TLM) specialist, has appointed Richard Bowler as chief financial officer with responsibility for all aspects of the company’s finances, including treasury, administration and financial strategy.
Bowler (pictured) will be located in London, reporting to SmartStream’s CEO Haytham Kaddoura, and will manage the finance team.
He has over 20 years of experience in the financial services industry. Most recently he was the CFO of Asset Control; prior to that he worked for the New York Stock Exchange, Technologies Division as the CFO for Europe and Asia. Earlier in his career he has had senior finance
- 21/03/2017
- 21/03/2017
ZEDRA, an independent fund specialist in trust, corporate and fund services, has placed an order with Sovos – the tax compliance software experts – for its AEOI Reporting solution.
Once implemented, the solution will help ZEDRA meet the demands of its tax, compliance and reporting obligations.
More than 100 tax jurisdictions have committed to the OECD’s global standard on Automatic Exchange of Information (AEOI) with 54 early adopters undertaking their first exchanges this year. The remaining 47 jurisdictions will exchange in 2018.
The OECD’s AEOI initiative lifts the burden associated with tax compliance with a solution that enables
- 21/03/2017
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