Latest News
Citigroup is to pay USD25 million to settle CFTC charges against for spoofing – bidding or offering with the intent to cancel the bid or offer before execution — in US Treasury futures markets and failed to diligently supervise the activities of its employees and agents.
Citigroup’s unlawful conduct occurred between 16 July 2011 and 31 December 2012.
Citigroup is also ordered to cease and desist from violating the Commodity Exchange Act’s prohibition against spoofing and the CFTC regulation governing diligent supervision. In addition, the order requires Citigroup to comply with undertakings, including providing annual training addressing the Act’s
- 20/01/2017
US Commodity Futures Trading Commission division of enforcement director Aitan Goelman will leave the agency on 3 February 2017.
During Goelman’s tenure, the division brought a number of first-in-kind cases using the new enforcement authorities created by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The division also imposed and collected a record amount of monetary sanctions as it fulfilled its mission of protecting investors from being victimised by fraud and manipulation, and safeguarding the integrity of the financial markets overseen by the commission.
CFTC chairman Timothy Massad (pictured) says: “During my confirmation hearing, I pledged that
- 20/01/2017
- 20/01/2017
Q&A with Geoff Ruddick (pictured), IMS Fund Services – You mentioned in your last article that ‘Governance is not a game’ – can you expand on what you meant by that statement?
Unfortunately, in the past few years fundamental governance related issues such as capacity (numbers), substance over form (form over substance), and board composition (split boards), have been used as marketing pitches. These are fundamental governance issues yet the sales side of the issue is increasingly the focus of attention.
Could you provide us with your perspective on each of these? Shall we start with capacity?
There certainly has
- 19/01/2017
100 Women in Finance (100WF), formerly 100 Women in Hedge Funds, in association with Prince Harry’s patronage of 100 Women in Finance’s Philanthropic Initiatives, will partner with WellChild in 2017.
WellChild is the national charity working to ensure the best possible care and support for all seriously ill children, young people and their families across the UK.
100WF has a strong track record of supporting charities and has raised more than USD40 million (gross) for philanthropic causes in the areas of women’s and family health, education and mentoring.
The organisation is planning a number of fundraising and awareness
- 19/01/2017
FINCAD, a provider of valuation and risk analytics for multi-asset derivatives and fixed income portfolios, has enhanced its F3 solution with advanced scenario analysis capabilities and a more flexible reporting framework.
The enhancements enable improved portfolio and risk management decisions, helping clients to achieve superior investment returns.
FINCAD F3 gives asset managers, hedge funds, pensions, life insurers and banks more accurate pricing, valuation and risk for pre-trade decision support and post-trade risk management.
F3’s most recent enhancements allow firms to optimise portfolio and risk management with improved scenario analysis. Clients can create and identify complex scenarios that have
- 19/01/2017
Alternative data specialist Eagle Alpha has released a China Auto Insight (CAI) dataset designed for buy-side investment managers through an exclusive partnership with a Chinese financial automotive consultant.
The dataset will enable investment managers to capture unique insights into the Chinese auto sector.
“We are delighted to partner with a local consultant to provide unparalleled insights into China’s auto sector,” says Emmett Kilduff (pictured), founder and CEO of Eagle Alpha. “The CAI dataset will provide investment managers actionable insights on the Chinese auto industry, well in advance of industry participants reporting their results. This supports Eagle Alpha’s objective which is
- 19/01/2017
Five of IndexIQ’s six IndexIQ Hedge Indices recorded a strong performance in December, led by a rise of 1.72 per cent in the IQ hedge Long/Short Index, as markets rallied heading into the end of the year.
The lone decliner for the period was the IQ Hedge Global Macro Index, down 0.11 per cent.
"The markets started to behave more rationally in December, as the surge following the election of Donald Trump gave way to a less emotional assessment of the prospects for interest rates and the economy over the coming year," says Salvatore Bruno (pictured), IndexIQ's chief investment
- 19/01/2017
- 19/01/2017
ACA Technology Solutions, a provider of investment management and regulatory technology solutions, has released ComplianceAlpha, a cloud-based platform designed to assist chief compliance officers with managing their compliance programme tasks and activities.
ComplianceAlpha is designed to help compliance teams automate processes and manage their day-to-day activities.
A secure cloud-based application organised by functional modules, ComplianceAlpha allows a CCO to meet the firm’s business needs from virtually anywhere.
This release includes the Compliance Management Platform and Marketing Review Solution modules. These modules, offered together or on a standalone basis, integrate risk assessment and regulatory requirements; compliance controls, policies, calendars,
- 19/01/2017
Neuberger Berman has broadened its fixed income UCITS offering with the launch of the Neuberger Berman Global Opportunistic Bond Fund.
The new, flexible, UCITS fund seeks attractive risk-adjusted returns by opportunistically investing in a diversified mix of fixed rate and floating rate debt securities across sectors, under varying market environments.
The management team shifts allocations in response to changing market conditions – with no persistent biases or tilts. This enables the fund to exploit market mispricing across a broad global opportunity set.
This is a strategy that Neuberger Berman’s fixed income team has been running in segregated accounts
- 19/01/2017
Alger Associates has agreed to acquire Boston-based Weatherbie Capital, a growth equity manager with over USD800 million in assets under management.
Weatherbie Capital was founded in 1995 by Matthew Weatherbie and, similar to Alger, takes a fundamental, bottom-up research approach to investing in growth equities.
Weatherbie Capital aims to identify and invest in attractive US small- and mid-cap companies poised for growth.
Matthew Weatherbie will remain CEO and again become co-CIO of Weatherbie Capital, which at closing will become a wholly owned subsidiary of Alger.
“We are thrilled that Matt and his team have decided to affiliate
- 19/01/2017
- 19/01/2017
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