Latest News
Chicago Board Options Exchange’s (CBOE) historical market data service formerly operated by Market Data Express (MDX) migrated to CBOE Livevol Data Shop on 6 January.
The consolidation of historical data services under the CBOE Livevol Data Shop umbrella will enhance the historical market data offerings currently available, and also broaden customisable services and reports available to subscribers.
MDX will continue to offer real-time market data from CBOE and C2, as well as a real-time index data service.
CBOE Livevol Data Shop, a source for options, equity and exchange-traded fund (ETF) market data, enables customers to access quotes and
- 09/01/2017
SEI has launched SEI Trade, a cloud-based solution that automates the process of handling, documenting and tracking investors’ private fund transactions.
SEI Trade is designed to help private fund managers upgrade the investor and financial adviser experience, while streamlining a notoriously inefficient and error-prone set of processes.
It offers digital document management, workflow automation, intelligent form completion, and real-time tracking and transparency of investor transactions. It streamlines and simplifies all steps in the fulfilment, transaction, and on-boarding processes.
SEI Trade is a component of the company’s global operating platform and as such, has the flexibility to handle all major
- 06/01/2017
Societe Generale Prime Services reports that all SG CTA indices posted positive returns in December 2016 at the end of what it describes as a difficult quarter. However, the SG CTA Index closed the year slightly negative at -2.86 per cent and SG Trend Index was down -6.19 per cent, the first negative year’s performance since 2012.
Short term traders faired marginally better, in positive territory at the end of 2016 at +0.31 per cent. The SG CTA Mutual Fund Index completed its first year of live performance in 2016, down -5.45 per cent, in line with returns of the
- 06/01/2017
Jon S Corzine, former CEO of MF Global, is to pay a USD5 million civil monetary penalty for his role in MF Global’s unlawful use of almost USD1 billion in customer funds and for his failure to diligently supervise the handling of customer funds.
A Federal Court order also prohibits Corzine from seeking or accepting, directly or indirectly, reimbursement or indemnification from any insurance policy with regard to the penalty amount.
The order also requires Corzine to undertake that he will never act as a principal, agent, officer, director, or employee of a Futures Commission Merchant (FCM) and that
- 06/01/2017
Royal London Asset Management has selected the Confluence’s Unity NXT AIFMD Annex IV transparency reporting solution to support the company’s growing alternative investment fund business.
The Alternative Investment Fund Managers Directive (AIFMD) regulation covers hedge funds, private equity, real estate and other Alternative Investment Fund Managers (AIFMs) in the European Union. The directive requires all AIFMs to obtain authorisation, and make various disclosures as a condition of operation in the region.
Confluence's AIFMD Transparency Reporting technology-enabled service allows asset managers to gain control over this undertaking – from the collection of data, the calculation of answers, the approval of the
- 06/01/2017
Gibson, Dunn & Crutcher has appointed Joshua Tod as of counsel in the firm’s London office.
Previously of counsel with Simpson Thacher & Bartlett, Tod will support Gibson Dunn’s existing EMEA private investment funds practice.
Tod has experience advising private equity, infrastructure, credit and real estate funds. He regularly counsels clients on the establishment and operation of private investment funds, including advising on the structuring and marketing of such funds and commercial issues arising from their operation.
Tod has represented a range of private fund managers on multi-billion large buyout and mid-market fundraisings. He also advises on matters ranging from
- 06/01/2017
Tortoise Credit Strategies has launched its first mutual fund, The Tortoise Select Income Bond Fund, which is structured as a 1940 Act regulated investment company, and designed after the firm’s flagship core plus bond strategy.
The fund aims to seek a high level of total return with an emphasis on current income.
“We’re pleased to meet investors’ needs for access to Tortoise’s core plus strategy through a mutual fund,” says Tortoise senior managing director, Michelle Kelly. “This is an important step toward expanding the opportunity for investors to invest with Tortoise Credit.”
“The Tortoise Select Income Bond Fund
- 06/01/2017
Law firm Ortoli Rosenstadt (OR Law) has launched as the successor to New York City-based Sanders Ortoli Vaughn-Flam Rosenstadt.
“A new name often symbolises a major organisational change, but we prefer to see this not as a change but as an evolution,” says Richard Ortoli (pictured), head of the firm’s international and real estate practices.
OR Law will continue to provide legal advice in more than a dozen practice areas including trusts and estates, hedge funds, private equity funds, mergers and acquisitions and real estate.
“We are evolving by building a larger team of international experts focusing on
- 06/01/2017
Law firm K&L Gates has appointed Michael T Dyson as a partner in the government enforcement practice of its Washington DC office.
Dyson joins K&L Gates from the Financial Industry Regulatory Authority (FINRA), the self-regulatory organisation dedicated to investor protection and market integrity through effective and efficient regulation of broker-dealers.
Dyson has nearly 20 years of public and private sector regulatory and enforcement experience with a concentration on complex civil and white-collar criminal litigation and domestic and international arbitration in industry sectors such as securities, internal investigations, real estate, construction, labour and employment, antitrust, professional liability, product liability, and technology.
- 06/01/2017
Liquid real asset specialist firm Cohen & Steers has launched an active commodity fund, offering investors broad and diversified exposure to commodities through an active, long-biased investment approach based on rigorous fundamental research.
The Cohen & Steers Active Commodities Fund is a newly launched sub-fund of an Irish Collective Asset Management Vehicle (ICAV) authorized as a Qualifying Investor Alternative Investment Fund (QIAIF). The fund will maintain exposure to a diversified range of commodities, primarily in global exchange traded futures contracts from all commodity sectors including energy, industrial metals, agriculture, livestock and precious metals.
The fund is managed by Cohen &
- 05/01/2017
- 05/01/2017
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