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Four words spring to mind when discussing the evolution of The Bahamas as a leading international financial jurisdiction: regulation, location, expertise and innovation.
Collectively, they provide a multi-layered value proposition that is helping The Bahamas cement a reputation for not only committing to a regulatory framework that embraces and, indeed, reflects international best practices, but which encourages tangible innovation. In other words, The Bahamas is a jurisdiction that gets things done, rather than just talking about it.
One only has to see the incredible success of the SMART funds series to appreciate this. First introduced in 2003, there are now
- 08/08/2016
The International Commodities and Derivatives Association (ICDA) has appointed two new members to its board of directors: Stéphane Graber, secretary general of the Swiss Trading and Shipping Association (STSA), and Paul Lynch, chief executive of itarle, a provider of multi-asset algorithmic trading and analytics services for the sell-side.
As secretary general of STSA, the main professional trading and shipping association in Switzerland, Graber has been instrumental in unifying three regional associations under a single umbrella and has been the driving force behind STSA’s professionalism and increased engagement with Swiss authorities.
Previously he was delegate at the Economic Development Office, Department
- 08/08/2016
- 08/08/2016
FIX Trading Community, the industry-driven standards body for global financial trading, has released new guidelines for the use of FIX in post-trade processing for multi-asset classes and a common post-trade framework.
The FIX Global Post-Trade Working Group has been focusing its efforts on how best to resolve the inefficiencies in post-trade workflow for a number of years. Following on from its work with cash equities, the working group assessed a number of different asset classes and how variations in workflow can create issues. Frequent trade breaks and slow resolution times can have a commercial impact as well as have adverse effects
- 08/08/2016
Marc Lenaers has been promoted to managing associate in Ogier’s Luxembourg office.
Lenaers advises global clients and investment managers on a wide range of regulated and unregulated investment vehicles, including mutual funds, hedge funds, private equity, real estate and debt funds. He is in charge of setting up and restructuring Luxembourg investment funds tailored to the clients’ needs.
Prior to joining Ogier, Lenaers was head of legal fund engineering in a major bank and senior associate in a Luxembourg law firm, where he was in charge of the investment funds practice of the New York representative office.
Luxembourg
- 08/08/2016
Kettera Strategies has added three new managers to its Hydra marketplace – ADG Capital, AE Capital and Deep Field Capital.
Hydra provides investors with manager access, notional funding, daily transparency and twice monthly liquidity to established and emerging alternative asset managers.
“Allocators, investors and managers are finding real value by coming together on Hydra,” says Jon Stein, CEO of Hydra’s operator, Chicago-based Kettera Strategies. “One thing that distinguishes us in addition to managers that are strong veterans, is that we focus globally on strategies that are unique and diversifying. The addition of ADG, AE and Deep Field to Hydra
- 08/08/2016
Hedge funds posted gains for the fifth consecutive month in July, the longest positive streak since 2013, driven by equity hedge and event-driven strategies, as equity and credit markets recovered Brexit losses.
The HFRI Fund Weighted Composite Index (FWC) advanced 1.7 per cent for the month, increasing the index value to 12,644.12 and bringing the YTD gain for the FWC to +3.0 per cent, according to HFR.
All four main strategy indices were positive for July as gold surged, equities extended their recovery, and bond yields declined on a combination of moderation in global growth forecasts, as well as
- 08/08/2016
MG Stover, a full service alternative investment fund accounting and administration firm, has appointed Seth Altman (pictured) as director of hedge funds and family offices.
The firm has also promoted Josiah Reich, previously the director of hedge funds and family offices, to chief financial officer.
Altman will join MG Stover’s senior management team and will lead firm’s growth and client service initiatives specific to its hedge fund and family office clientele.
Altman has 12 years of experience in the alternative investment industry. He began his career at Deloitte & Touche in New York City where he audited banks,
- 08/08/2016
Societe Generale Prime Services reports that CTAs continued their good performance from June with all CTA indices posting positive returns in July.
The SG Trend index, measuring the performance of the largest ten trend-following based CTAs, was the best performing index for July but year to date still remains behind the CTA Index, which is a broader measure of the largest 20 CTAs, with a year to date return of 5.53 per cent.
Short term traders, despite posting the lowest monthly returns amongst the indices in July, are still leading performance year to date, with a year to date
- 05/08/2016
- 05/08/2016
The FICC Markets Standards Board (FMSB) has appointed Gerry Harvey as its first Chief Executive Officer. Gerry Harvey has 30 years’ experience in the wholesale financial markets and extensive experience in the regulatory field.
Mark Yallop, Chair of the FICC Market Standards Board (FMSB), says: “I am delighted Gerry is joining the FMSB. He has a deep knowledge of business practices, market structures and regulation in the fixed income, foreign exchange and commodities markets. We couldn’t have found a better person to lead the FMSB through the next stages of its journey raising standards across wholesale markets.”
Harvey says:
- 05/08/2016
Societe Generale has appointed Ramir Cimafranca as Head of Prime Services in Japan, effective immediately.
Based in Tokyo, he reports locally to Koji Shimamoto, Director and Executive Vice President, Societe Generale Securities Japan Limited and regionally to James Shekerdemian, Head of Prime Services, Asia Pacific and Global Head of Prime Brokerage Sales.
In his new role, Ramir will develop Prime Services in Japan which is composed of Prime Brokerage & Clearing, Global Execution Services and Cross-Asset Secured Financing.
This appointment follows the successful integration of Newedge in Japan in May this year. With Societe Generale's recognised expertise in Global Markets
- 05/08/2016
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