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BTIG has secured an investment from funds managed by Blackstone Tactical Opportunities, which the firm will leverage to expand its capabilities and accelerate growth.
Post investment, BTIG and its affiliates in Europe, Asia and Australia will continue to operate as fully independent entities. Financial terms of the private transaction have not been disclosed.
“Since we started 12 years ago, BTIG has been one of the fastest-growing institutional brokerage firms in the US. Partnering with Blackstone Tactical Opportunities will further enhance our offerings and allow us to advance key strategic initiatives,” says Scott Kovalik, co-founder and chief executive officer of
- 06/12/2016
The US CFTC has voted unanimously to re-propose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
In a separate vote, CFTC approved final aggregation regulations, which are a key component of the CFTC’s existing position limits regime. The re-proposal will be open for public comment for 60 days after publication in the Federal Register.
In response to comments on a prior proposal published in December 2013, and on a supplemental proposal published in June 2016, the CFTC is re-proposing limits on speculative positions in 25
- 06/12/2016
- 06/12/2016
Neuberger Berman is extending its suite of multi-asset solutions with the launch of two UCITS Funds – the Multi-Asset Risk Premia Fund and the Multi-Asset Class Income Fund.
The launch of the UCITS vehicles, subject to regulatory approval, makes these Neuberger Berman strategies available to a wider audience.
Erik Knutzen (pictured), chief investment officer, multi-asset class at Neuberger Berman and lead manager on the Multi-Asset Class Income Fund, says: “A combination of low interest rates, low inflation, muted economic growth and elevated valuations across many traditional asset markets is inspiring investors to look for alternative sources of robust returns
- 06/12/2016
Parametric Portfolio Associates and Research Affiliates have partnered to provide a systematic global macro strategy to institutional separate accounts.
"Our clients desire liquid alternative solutions that provide attractive, diversifying returns in a cost-effective manner. Parametric is leveraging its partnership experience with Research Affiliates to launch what is expected to be an empirically robust and theoretically sound strategy aiming to deliver these attributes," says Brian Langstraat (pictured), chief executive officer, Parametric.
"As a natural evolution of our research in asset allocation and smart beta, we developed a long/short strategy harvesting alternative return premia of carry, momentum and value across asset
- 06/12/2016
Victory Capital’s parent company, Victory Capital Holdings, has acquired a minority stake in Cerebellum Capital, an investment management firm that specialises in machine learning.
Founded in 2008, San Francisco-based Cerebellum leverages machine learning techniques to continuously design, execute and improve investment programmes.
The platform is based on a collective 30 years of research by co-founders David Andre and Astro Teller. Andre currently serves as chief executive officer of Cerebellum and is a member of the company’s board of directors. Teller, who is currently chief executive officer of Google X, served as Cerebellum’s chief executive officer from 2008 to 2010.
- 06/12/2016
Prestige Fund Management (PFM) has appointed Peter Anderson as a director.
Anderson has a career spanning nearly 30 years, split between the UK and Cayman with international accounting groups Coopers & Lybrand (PWC), Benbow Anderson, Deloitte Touche and Rawlinson & Hunter.
He is a past president of the Cayman Islands Society of Professional Accountants. He is registered as a professional director with the Cayman Island Monetary Authority (CIMA).
Anderson brings to Prestige a wide range of accountancy and financial experience gained from a long career in financial accounting and professional business services.
Craig Reeves, founder of Prestige
- 06/12/2016
CubeLogic, a provider of risk management and business intelligence solutions for the energy, commodity, and financial markets, has formed a strategic alliance with Lacima Group.
Lacima is provider of energy and commodities analytics to global multi-commodity and energy players.
Under the terms of the alliance, CubeLogic will embed a subset of Lacima’s risk analytics functionality within its platform to provide clients with a ‘one-stop shop’ for market, credit, and liquidity risk management and reporting.
Lacima’s numerical engines will provide advanced analytics to simulate spot and forward prices, calculate Mark‑to‑Market values for a wide range of contract types, as
- 05/12/2016
- 05/12/2016
In reaction to Italy’s referendum result, Michael Metcalfe, global head of Macro Strategy, State Street Global Markets and Antoine Lesné, EMEA head of ETF strategy at SPDR ETFs, part of State Street Global Advisors, offer their views…
Metcalfe says: “Markets were uncertain about European political risk before the vote and now they will be seriously unsure. The no vote increases the chances of an Italian election in 2017, which given the popularity of the Five Star movement and their views on Europe, means that Italian assets will now attract an additional risk premium. The only potential good news in the
- 05/12/2016
The implications of Brexit will be just one of several key topics to be discussed at next year’s sixth edition of ABN AMRO Clearing’s annual Amsterdam Investor Forum, to be held on the 7 and 8 March, 2017.
“The Forum will be taking place just a few weeks before the UK Government plans to trigger Article 50 to begin the process of formally leaving the European Union so it will be an interesting period,” comments Gildas Le Treut (pictured), Global Director Prime, ABN AMRO Clearing.
The most recent Forum, hosted at the Dutch bank’s headquarters on 17 February 2016, was the biggest it
- 05/12/2016
City Financial has made four senior operations hires with Amy Wong, William Dumas, Justin Brodersen and Simon Taylor all having joined the firm with effect from 1 December 2016.
All four will report directly to Lou Thorne, global chief operating officer.
They all join from Fortress Investment Group where they previously worked with Thorne in the liquid markets business.
Wong was co-director of operations and treasury, Dumas was co-director of operations, Brodersen was director of middle office, and Taylor was UK operations manager.
Wong, Dumas and Broderson will be based in New York, while Taylor will be
- 05/12/2016
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