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Cooley is broadening its fintech capabilities with the appointment of Marco Santori and Patrick Murck.
Santori (pictured), an authority on digital currency and blockchain technology, joins Cooley as a partner based in the New York office and a leader of the firm’s global fintech practice.
Murck, also a digital currency and financial technology expert, joins as special counsel based in Boston. Both arrive from Pillsbury.
Santori is a recognised authority in the law of digital currencies and emerging blockchain technologies. He provides regulatory counsel to banks, broker-dealers, exchanges, wallets, payment processors and other companies making new and exciting
- 04/11/2016
- 04/11/2016
A seven-month winning streak for hedge funds came to an end in October on the back of broader negative price moves, according to the latest figures released by GAM.
Both global equities and global fixed income markets were negative for October, with the MSCI World index declining 1.9 per cent and the Barclays Global Aggregate Bond index dropping 2.8 per cent.
The hedge fund space was not immune with the HFRX Global Hedge Fund index falling 0.6 per cent in October, reducing year-to-date performance to 0.8 per cent. Three of the four hedge fund strategies were negative, with relative
- 04/11/2016
By Natalie Bell, Harneys, British Virgin Islands – Segregated Portfolio Companies (SPCs) are now well recognised and widely used corporate vehicles, and we are seeing increasing demand for them in the funds context, writes BVI-based law firm Harneys. A segregated portfolio company benefits from statutory segregation of its assets and liabilities in one segregated portfolio from those of any other segregated portfolio, and from the general assets and liabilities of the company, but is a single, legal entity. The SPC has only one set of constitutional documents, one board of directors and, importantly, one set of annual licence fees.
The ability to
- 03/11/2016
Akin Gump London partner Davina Garrod (pictured), who focuses on trade and financial regulatory issues, comments on the High Court ruling that the UK Government may not invoke Article 50 without parliamentary approval…
An impressive bench of judges, including the Lord Chief Justice and Master of the Rolls, upheld the fundamental principle of Parliamentary Sovereignty today. A successful appeal in December looks unlikely given the seniority, expertise and experience of the first instance judges.
The EU has afforded numerous benefits for the UK – not least for the financial and legal services communities whose revenues run into hundreds of
- 03/11/2016
Investment manager Gina Miller (pictured) has won a High Court ruling forcing the UK government to hold a vote in Parliament over its plans to start the process of leaving the European Union.
Prime Minister Theresa May planned to use existing royal prerogative powers to trigger article 50 of the Lisbon Treaty and begin the formal process of exit negotiations by the end of next March, but the High Court has ruled that the government must now consult Parliament first.
The government had argued that the result of the referendum, with 51.8 per cent voting to leave the EU, coupled
- 03/11/2016
Maitland, the global advisory and fund administration firm, has carried out a major organisational restructure of the leadership team of its institutional client services arm.
The management team will now reflect the five fund services products on offer – traditional fund services, transfer agency, hedge fund services, private equity and real estate fund services, and ManCo services.
The entire institutional product offering will be led by Jim Clark, who joined Maitland in May 2014 from State Street and brings over 30 years of industry experience to the role.
The traditional fund services team will be led globally by Rob Leedham,
- 03/11/2016
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 131.2 TWh in October 2016, an increase of 21 per cent compared to the previous year (108.8 TWh).
The strong result also included new records on the spot (PEGs) and futures segments (GASPOOL, PSV, ZEE and ZTP).
Spot trading volumes in October reached 52.1 TWh, representing an increase of 28 per cent compared to last year (40.7 TWh) while the Dutch market area TTF registered a strong volume with 13.9 TWh, up 23 per cent compared to October 2015 (11.3 TWh).
A total volume of
- 03/11/2016
NuWave Investment Management, an alternative investment manager specialising in the application of systematic investment strategies, has launched the NuWave Short-Term Futures Portfolio.
The portfolio represents a new model set that is entirely focused on short-term directional trading opportunities, yet shares a common heritage with many of NuWave's existing trading methodologies.
It borrows key modelling concepts from the firm's core investment portfolios, the Combined Futures Portfolio and the Long/Short Portfolio (Equity Market Neutral).
The Short-Term Futures Portfolio employs a fully automated signalling and execution engine, while using a variety of intra-day modelling techniques to identify short-term price dislocations across
- 03/11/2016
- 03/11/2016
Euronext has agreed a 10-year partnership with fixed income technology provider Algomi to create a new trading facility aimed at improving liquidity in the pan-European corporate bond market.
The joint venture, capitalised by Euronext for USD2.3 million, will deploy Algomi’s technology to a new MTF owned and operated by Euronext.
Dealers will be able to access the trading interface either directly through their existing Algomi technology or through their stand-alone systems.
The platform will use algorithmic smart matching processes to create an auction between dealers to improve liquidity and search for best execution.
Local and global bond
- 03/11/2016
Fund managers have gathered in London to hear from the Cyprus Investment Funds Association (CIFA) about the opportunities in the country as an investment destination.
Held in conjunction with international law firm King & Wood Mallesons (KWM), Alter Domus, a provider of fund and corporate services, and the Bank of Cyprus, the event discussed Cyprus’ position following the UK’s vote to leave the European Union, led by senior panel members from all organisations.
Cyprus is fast becoming a location of choice for many promoters and fund managers, as evidenced by the existing 162 internationally recognised fund serviced providers already
- 03/11/2016
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