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Garry Jones, the London Metal Exchanges’ (LME) chief executive and an executive director of the LME and LME Clear (LMEC), is retiring from all his positions within the HKEX Group, including at the LME and LMEC, with immediate effect.
Jones (pictured) has agreed to serve as an adviser to the LME until the end of the year.
Matthew Chamberlain, the LME’s chief operating officer (COO), has been appointed interim chief executive of the LME with immediate effect. Andrew Dodsworth, the LME’s head of market operations, has been appointed Interim COO with immediate effect.
Chamberlain joined the LME in November
- 23/01/2017
- 23/01/2017
Silverfinch, a look-through and data distribution hub for client regulatory reporting, has launched new templates to its data model in response to the upcoming Key Information Document (KID) regulation for Packaged Retail Investment and Insurance Products (PRIIPs).
Both the European PRIIPs Template (EPT) and the Comfort European PRIIPs Templates (CEPT) have been added to Silverfinch’s solution.
Each template has been designed to facilitate the distribution and aggregation of the data required by PRIIPs on behalf of asset managers and insurers. The templates can be used in conjunction with Silverfinch’s existing Solvency II template and will be delivered in the
- 23/01/2017
Capita Asset Services has appointed Andrea Lennon as head of business development of its Irish funds business.
Lennon (pictured) joins Capita Asset Services from BNY Mellon, where she spent the last eight years working in both relationship and business development roles. Lennon was responsible for the oversight and management of large complex corporate and institutional clients and had responsibility to generate revenue by marketing the full array of investment and asset services to complex mutual fund managers.
As head of business development, Lennon will focus on continuing to grow the funds business in Ireland which incorporates both a fund administration business
- 23/01/2017
Commissioner J Christopher Giancarlo has been named as acting chairman of the US Commodity Futures Trading Commission (CFTC).
Giancarlo (pictured) joined the CFTC on 16 June 2014 after being unanimously confirmed by the US Senate on 3 June 2014, to serve as a commissioner of the CFTC, the federal agency that oversees the commodity futures, options and swaps industry.
Giancarlo succeeds Timothy Massad who has served as chairman since 5 June 2014.
- 23/01/2017
HFR’s latest report finds that total hedge fund industry capital rose for the third consecutive quarter, surpassing the USD3 trillion milestone for the first time.
Total assets increased by USD46.8 billion in 4Q16, ending the year at USD3.02 trillion, the second consecutive quarterly record for industry capital. For the full year 2016 (FY16), total hedge fund industry capital increased by USD121 billion, the largest annual increase since 2014.
The growth of hedge fund assets occurred against a challenging backdrop of continued investor withdrawals, as redemptions totalled USD18.7 billion in 4Q16 (0.63 per cent of industry assets at the beginning the
- 20/01/2017
Muzinich & Co’s Emerging Markets Short Duration Fund has reached USD500 million in assets under management in less than three and a half years.
Launched in July 2013 and managed by Warren Hyland (pictured), the fund has returned 10.20 per cent (net) since inception with a Sharpe Ratio of 1.07.
Hyland and his team primarily invest in corporate investment grade and high yield bonds with short maturities and a duration-to-worst of up to two and a half years. Supported by Muzinich’s global credit research team, they combine bottom-up security selection with a macroeconomic approach to shape regional and sectoral
- 20/01/2017
ACA Compliance Group, a provider of compliance, cybersecurity, performance and technology solutions to financial services firms, has acquired Telavance.
Founded in 2010 by Salvatore Cangialosi (pictured), Gokul Kallambunathil, Rama Pappu and Mahesh Viswanathan, Telavance provides anti-money laundering (AML) risk reviews and related regulatory compliance services and software solutions.
It offers leadership and expertise in the areas of risk assessment and mitigation, remediation of regulatory actions, model risk management, fraud rules assessments, NYS DFS 504 compliance, AML software system enhancements and optimisations, and transaction reviews and “look-backs.” Telavance’s client base is primarily centred in the banking industry.
As a
- 20/01/2017
- 20/01/2017
Individuals who serve as independent non-executive directors, like it or not, operate in a role which is constantly evolving. This evolution is not only in parallel with changes in investment funds business but also in terms of regulation and heightened scrutiny on the financial sector generally.
Sean Inggs (pictured), a professional fund director at International Management Services Ltd in Grand Cayman and former corporate and funds lawyer, takes a closer look at this evolving role and offers his insights from a slightly different perspective.
What are your thoughts on corporate governance of investment funds in the current climate?
I
- 20/01/2017
A report discussing trading speed, the macro infrastructure needed, how high-speed traders manage risk and profitability, and what buy-side investors can do to change this dynamic has been published by TABB Group.
TABB Group founder and research chairman Larry Tabb, who authored the report, explains that how quickly you trade is dependent upon your ability to read, analyse and respond to changes in the market and the order book, but understanding where your order is on the book and how that book is moving is also critical.
Tabb says that to competitively manage speed requires a significant amount of infrastructure
- 20/01/2017
Alternative investment manager Investcorp has appointed Nelson Ramos as co-portfolio manager of its alternative risk premia portfolios, deputy head of cross asset investments, and a member of the cross asset and investment committees.
Ramos will focus on the management of the alternative risk premia portfolios and be actively involved in the different stages of the investment process, including cross asset research, factor research and development, and portfolio construction.
Ramos, an 18-year industry veteran, joins Investcorp from the California Public Employees Retirement Systems (CalPERS), where he managed the quantitative research team that developed and supported the global equity and risk
- 20/01/2017
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