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MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, has completed the acquisition of Rydex Fund Services, a 1940-Act mutual fund administration business, from Guggenheim Investments. The deal complements MUFG Investor Services’ full service offering for alternative investment managers, adding regulated 1940 Act mutual fund and exchange-traded fund services expertise to its existing single manager, fund of hedge fund, private equity, real estate and infrastructure funds, pension funds and traditional asset managers offering.   The acquisition adds USD52 billion assets under administration (AuA) and brings the total AuA for MUFG Investor Services’ to USD422 billion. The
September average daily volume (ADV) for options contracts traded on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2), and futures contracts traded on CBOE Futures Exchange (CFE) was 5.1 million contracts, an increase of 25 per cent from August 2016 and 3 per cent from September 2015. Index options traded at CBOE and C2 had an ADV of 1.8 million contracts, up 24 per cent from August 2016, with S&P 500 Index (SPX) options ADV of 1.1 million contracts up 26 per cent from August 2016 and CBOE Volatility Index (VIX Index) options ADV of 615,166 contracts up
Campbell & Company has appointed Joseph D Kelly as managing director of its client solutions group, responsible for Campbell’s institutional sales and consultant relations efforts. Campbell & Company is an absolute return investment adviser specialising in systematic managed futures and equity market-neutral strategies.    “Joe is a highly strategic business development executive with a strong background and expertise in asset management,” says Michael Harris, Campbell president. “His longstanding institutional relationships will be a terrific asset to Campbell as we enter our 45th year as an alternative investment manager.”   Kelly has held leadership roles at several alternative asset management firms.
The monthly volume on EEX’s power derivatives market amounted to 373.3 TWh in September 2016, increasing the 225.8 TWh traded in September 2015 by 65 per cent. The core markets Germany (248.2 TWh, +68 per cent), France (46.2 TWh, +57 per cent) and Italy (51.0 TWh, +33 per cent) contributed to the total volume.   Volume in power options for Germany increased nearly three-fold to 18.6 TWh (September 2015: 6.9 TWh).   The September volumes comprised 199.0 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).   On the EEX
Global advisory and fund administration firm Maitland has appointed Martina Swart to the newly created role of group head of governance services. Swart (pictured) joins from Orbis Investment Advisory, where she was a senior adviser to the business, covering governance matters.   Previously, Swart held the position as global head of prime service legal advisory at Barclays in New York and prior to that, she held senior legal roles at major global financial institutions, including Citigroup, Citadel Investment Group and Credit Suisse.   Swart’s 15 years of experience in investment banking and fund management, has included management of legal, risk and compliance
Chi-X Japan will launch a new venue, Kai-X, on 17 October, having gained final regulatory approvals and registration with Japan’s Financial Services Agency. Kai-X is a Reference Price trading venue where investors can anonymously execute trades at prices equal to or better than those available on the Tokyo Stock Exchange (TSE).    Trading will be enabled at prices equal to the TSE reference prices of best bid or best offer as well as the derived mid-point between the TSE best bid and best offer prices.     CEO Tony Mackay says Japanese traders may also use Minimum Execution Quantity (MEQ) to
Seyfarth Shaw has appointed Gregory A Markel as a partner in the firm’s litigation department based in New York. Markel joins from Cadwalader, Wickersham & Taft in New York.   Markel’s practice focuses on high-stakes litigation regarding securities and antitrust issues, corporate governance, mergers and acquisitions, and directors' and officers' defence. In addition, he handles high level internal investigations involving complex financial issues and is often retained by corporate boards of directors to handle serious internal matters.   Markel is one of only 50 lawyers in the US to have been named to the Lawdragon 500 in each of the
Ramy Soliman has been appointed chief executive of the new London-based prime of prime brokerage, Stater Global Markets. Soliman is a well-known industry figure, with over a decade of experience in senior sales roles at Citi, IG and Integral.   Backed by Stater Holdings in New Zealand, Stater Global Markets offers clients institutional access to the FX market. The FCA-regulated brokerage launches with direct access to top tier bank and non-bank liquidity, technology solutions and infrastructure.   Soliman says: “The backers saw an opportunity to leverage my experience from Citi, IG and Integral to create a new, comprehensive prime of
Edelman is one of the highest profile PR agencies in the world. With 65 global offices, Edelman is uniquely positioned within the communications marketing arena.  Edelman's Financial Communications & Capital Markets' global team focuses on reputation management, executive positioning and thought leadership development, strategic investment communications, financial media relations and communications planning and implementation. The team also supports a range of clients on special situations spanning shareholder activism, transactions, litigation and regulatory matters.  With respect to alternative investment funds, Edelman has an impressive roster of clients including Citadel, Highbridge and AQR, to name but a few. At the heart of
Sadis & Goldberg LLP is one of New York's leading financial services focused law firms. Known both domestically and internationally as a dominant force in the financial services sector, Sadis & Goldberg serves clients throughout the world and was recently ranked as one of the top five law firms for hedge fund launches in the 2016 Preqin Global Hedge Fund Report.  The Financial Services Group is headed up by partner Ron Geffner and comprised of 13 attorneys that have each spent a significant amount of their career practicing in the private fund space, providing a compelling roster of seasoned legal

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