Latest News
Social engineering schemes continue to grow in their sophistication, and phishing campaigns, in particular, are causing concern as they make their way to employee inboxes. These fraudulent email campaigns appear legitimate and take advantage of employees who are often too busy or simply unprepared to identify a scam (disclaimer: phishing is not specific to email; scams occur via phone & other communication methods also).
In either case, if the employee clicks a link, downloads an attachment or provides credentials or financial information to a hacker behind the scenes, it presents a gateway to potentially compromising and very serious scenarios.
And
- 22/03/2017
Baymarkets Technology, a Nordic provider of FinTech and RegTech solutions to the global financial services industry, has launched a new financial market solution delivery platform, Clarity.
The Clarity platform is designed to provide agile development of client specific solutions aimed at institutions active in the financial markets, such as banks, brokers, exchanges & trading venues and clearing houses.
Clarity aims to solve several of the challenges that financial institutions are facing today including increased demand for automated workflows, transparency and regulatory compliance.
Designed for use during pre-trade, at-trade, post-trade or across all three, the Clarity platform delivers solutions
- 22/03/2017
Bats Europe has launched the Bats Brexit 50/50 Indices, two benchmark indices designed to reflect the impact of the UK’s decision to leave the European Union on UK companies.
The two indices – the Bats Brexit High 50 and Bats Brexit Low 50 – are designed to act as barometers for assessing how Brexit is impacting UK companies by analysing the difference in performance between those companies that generate a large portion of their revenues from the UK compared to those that have less revenue exposure to the UK.
Bats has partnered with FactSet, a global provider of integrated
- 22/03/2017
- 22/03/2017
Hedge funds were up 0.83 per cent in March, according to the CISDM Equal Weighted Hedge Fund Index, produced by the UMass Amherst’s Isenberg School of Management’s Center for International Securities and Derivatives Markets (CISDM).
The increases brings the CISDM Equal Weighted Hedge Fund Index to a total 2017 return of 2.22 per cent.
In addition, all equity oriented hedge fund strategies exhibited strong performance in February. CISDM Multi-strategy and Equity Long/Short indices increased by 1.56 per cent and 0.93 per cent, respectively last month.
According to the Federal Reserve Bank of Chicago’s index of National Financial Conditions
- 22/03/2017
- 22/03/2017
Ultimus Fund Solutions has been selected to launch and service the Peachtree Alternative Strategies Fund, a non-exchange traded closed-end fund.
The fund, which originally started as a private fund of hedge funds, converted to a registered 1940 Act investment company, allowing opportunities for additional investors to achieve hedge fund exposure.
Ultimus will provide the fund with the operational capabilities and a full suite of fund services necessary to support the fund’s complex structure, including fund administration and accounting, fund compliance, and transfer agency.
“Non-exchange traded, closed-end, tender offer funds require certain operational knowledge plus high-touch servicing,” says Bob
- 22/03/2017
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
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