Latest News
The London Metal Exchange (LME) is to introduce caps on maximum rates charged by LME-registered warehouses following a market-wide consultation.
This is the final part of the three-year-long warehouse reform programme designed to enhance the LME’s warehouse network and to ensure that it fully serves the requirements of the global metals market.
“We would like to thank all those who took part in discussions and consultations over the last three years, which have been invaluable in ensuring that we took the most informed and balanced action in refining our physical delivery network,” says Garry Jones (pictured), LME chief executive.
- 28/09/2016
Murray Devine, a US valuation advisory firm, has appointed Robert A Tribuiani as managing director, head of business development.
Tribuiani will be responsible for developing, executing and managing sales strategies, focusing on Murray Devine’s key end markets, including private equity and venture capital firms, debt and hedge funds, banks and corporations.
With over 20 years of experience in consultative sales, relationship management and business development, Tribuiani joins Murray Devine from SolomonEdwards where he was a senior business development executive. During his 10 years at SolomonEdwards, Tribuiani focused on assisting the firm’s banking and financial services clients solve critical business
- 28/09/2016
Kite Consulting Group, a financial recruitment firm, has launched Blocktribe, a site designed to list the best blockchain-related jobs around the world.
Blocktribe aims to establish itself as a central go-to source of jobs in this area, and the first of its kind for blockchain in Europe.
With over 100 blockchain roles already advertised, the launch creates a central place for businesses to find talent in the rapidly growing sector.
Distributed ledger technologies have the potential to deliver significant business improvement and cost reduction across many industries, including in financial services areas such as payments, clearing and settlements.
- 28/09/2016
Despite global bond investors being on edge at apparent central bank impotency, the probability of a sizeable bear market is low with a possibility that fiscal policy could prove effective, according to asset manager AlllianceBernstein (AB).
John Taylor (pictured), portfolio manager – AB Dynamic Global Fixed Income Fund, says the major driver of the recent risk-off trade was the use of historically low, and in some cases negative, interest rates by developed-world central banks as they to tried to revive global growth and inflation.
“The countries that have resorted to negative rates to date – Denmark, Sweden, Switzerland and
- 28/09/2016
Polen Capital Management is to act as adviser to the Polen Global Growth Collective Investment Trust and the Polen Focus Growth Collective Investment Trust funds, which are established by SEI Trust Company, a subsidiary of SEI.
SEI is a supplier of customised operating infrastructure and services to investment organisations worldwide.
The new Polen Global Growth and Polen Focus Growth CITs will consist of large cap equity securities invested with Polen Capital’s investment philosophy and process, which have a 27-year track record.
“We have seen a growing client interest for our investment strategies within a CIT vehicle – particularly
- 28/09/2016
Eden Rock Group has purchased Gottex’s stake in ERG Asset Management and now owns the firm outright.
Eden Rock and Gottex established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as well as funds in administration.
More recently, the business has diversified and won a number of broader mandates, including the monetisation of the illiquid assets of a bank, the sale of multiple operating companies across a variety of sectors as well as the disposal of several portfolios of real estate.
ERG Asset Management has experience of asset sales,
- 28/09/2016
Crystal & Company, a strategic risk and insurance adviser, has been named Best North American Insurance Provider by Hedgeweek for the third consecutive year.
It has also been named Insurance Firm of the Year by Finance Monthly for the second consecutive year.
The Hedgeweek Awards were presented earlier this month at a ceremony in New York City to celebrate the achievements of the top performing service providers in the US hedge fund industry. Winners were selected based on a peer review system whereby institutional and high net worth investors, managers, and other industry professionals at fund administrators, prime brokers,
- 28/09/2016
The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Wells Fargo Bank for failing to comply with its obligations to submit accurate large trader reports (LTRs) for physical commodity swap positions.
Wells Fargo has its main office in Sioux Falls, South Dakota, and has been provisionally registered with the CFTC as a swap dealer since 31 December 2012.
The CFTC order requires, among other things, that Wells Fargo pay a USD400,000 civil monetary penalty and cease and desist from committing further violations of the CEA and CFTC regulations, as charged.
As provided in
- 28/09/2016
The monetisation of the equity risk premium through options-based strategies can enhance risk-adjusted returns relative to long-only equity benchmarks, according to a study of four CBOE strategy performance benchmark indices.
The study tracked the performance of positions in Russell 2000 (RUT) index options, looking at various aspects of their performance over a 15-year period spanning 2001 through 2016.
The results of the study, which was carried out in conjunction with Fund Evaluation Group (FEG), were presented on Monday during a session at CBOE’s Risk Management Conference Europe, currently taking place in County Wicklow, Ireland.
The study, “Evaluating Options
- 28/09/2016
Following the extreme market volatility experienced in October 2014, the regulatory agencies that oversee the US Treasury market began efforts to examine market structure and determine whether increased regulation is required.
TABB Group’s latest research, “US Treasury Market 2016: Bamboo Market Structure,” indicates that the market is fundamentally sound and injecting an external catalyst, such as increased regulation in the form of execution or transparency mandates, may actually upend the delicate balance that has evolved and maintained efficiency in the treasury markets.
Anthony Perrotta (pictured), report author and head of research and consulting at TABB, interviewed a cross section
- 27/09/2016
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