Latest News
A majority of eight to three of the Supreme Court judges has found in favour of Gina Miller’s (pictured) campaign that the UK Government cannot trigger Article 50 to begin the formal process of leaving the European Union without an Act of Parliament.
To proceed otherwise would be a breach of settled constitutional principles said Lord Neuberger.
Interviewed for Global Fund Media’s AlphaQ magazine in December, Miller explained her reasons for launching the campaign, saying: “It was the same reason I do everything,” she says. “Transparency, accountability and scrutiny. We have a process of law and Parliamentary sovereignty and only Parliament
- 24/01/2017
Law firm Dechert has expanded its financial services practice in Hong Kong with the addition of Michael P Wong.
Wong (pictured) joins the firm as a partner and was most recently at K&L Gates.
“We are very pleased to welcome Michael to Dechert,” says Peter Astleford, co-chair of the firm’s financial services group. “Michael has already established a noteworthy and growing practice at his previous firm for global and PRC clients. By moving to our platform, we all anticipate that Michael’s and our clients will get a more integrated and better global service than ever before.”
Wong’s practice
- 24/01/2017
Trading Technologies (TT) has appointed Michael Kraines as chief financial officer (CFO).
Kraines will be responsible for finance, planning, strategy and business development.
Prior to joining TT, Kraines spent 25 years as an investment banker in the financial technology sector, executing over USD35 billion of market structure sector transactions.
Kraines joins TT from Sandler O’Neill + Partners, where as a managing director he led the financial technology effort and advised on transactions across every aspect of the market structure sector since 2004. Previously Kraines was a managing director in the financial institutions group with Wasserstein Perella since 1992,
- 24/01/2017
- 24/01/2017
Hedge funds outperformed equities and bonds on a risk-adjusted basis in 2016, producing net gains for their investors worth around USD120 billion, according to the Alternative Investment Management Association (AIMA) and data provider Preqin.
Hedge funds’ risk-adjusted return, as measured by the Sharpe ratio, was 1.45 for the year, ahead of the S&P 500 (1.1), MSCI World (0.68) and Barclays Global Aggregate (0.20) indices, according to AIMA and Preqin.
The analysis, based on a database of more than 3,000 funds, found that hedge funds also outperformed stocks and bonds on a risk-adjusted basis over three years and five years.
- 24/01/2017
Hedge funds were up 1.22 per cent in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index ended 2016 with a gain of 6.20 per cent.
All but one of Barclay’s 17 hedge fund indices gained ground in December. The European Equities Index led the way with a 1.96 per cent gain, Global Macro gained 1.87 per cent, Distressed Securities gained 1.86 per cent, the Event Driven Index was up 1.70 per cent, and Equity Long Bias added 1.54 per cent.
“The ‘Trump bump’ in the US and positive economic news in Europe continued
- 24/01/2017
International investors will be able to access the domestic Chilean capital markets with increased ease as of 1 February 2017, following close cooperation between the Chilean Ministry of Finance and Euroclear to align the country’s post-trade processes with international standards.
For the first time, Republic of Chile government bonds, denominated and payable in pesos have simultaneously been made available to domestic and international investors, in accordance with the financial integration agenda promoted by the Chilean government.
The government bonds offered and sold to international investors representing approximately 20 per cent of the global issuance, were settled through Euroclear Bank’s
- 24/01/2017
Professional Partners Administration has reached an agreement to sell its authorised corporate director (ACD) operation, Fund Partners, to independent Luxembourg-based fund management company FundRock Management Company.
Subject to regulatory approval and final contract details, the two parties hope the agreement will be signed and sealed within the next two to three months.
Professional Partners chairman Paul Wilcox says: “We acquired Fund Partners from IFDS a few years ago, where it operated more or less as a service company for fund managers using their administration services.
“We have worked hard on turning it into the UK’s leading independent ACD
- 24/01/2017
- 24/01/2017
Visible Alpha has acquired ONEaccess, a corporate access, resource tracking and broker valuation platform with more than 185 contributing sell-side firms and 150 buy-side client firms.
The purchase of ONEaccess will enable Visible Alpha to accelerate its goal of changing the way investment professionals uncover and measure insights from sell-side content, including research, financial models and corporate access.
Since its inception in 2014, ONEaccess has been fostering improved collaboration between brokers and their clients. Its sell-side solutions have brought greater efficiencies and transparency to the distribution, control, and reporting of broker content. Through a single access point, sell-side clients can
- 23/01/2017
- 23/01/2017
Saxo Bank is integrating Autochartist’s tools into SaxoTraderGO, enabling clients to trade based on automated technical analysis and live trade signals across asset classes.
“With the deep integration of Autochartist we further enhance the analysis tools available to clients. There is no need to open other browsers, run applications or third-party setups. The deep integration works seamlessly across devices and makes technical analysis and live trade signals actionable right at the clients’ fingertips,” says Kim Cramer Larsson (pictured), platform manager and technical analyst, Saxo Bank.
Ilan Azbel, CEO, Autochartist, says: “Saxo’s collaboration with Autochartist is an example of how
- 23/01/2017
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
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