Latest News
Value Line Funds, a mutual fund company comprised of equity, fixed income and hybrid funds with assets exceeding USD2 billion, has completed the acquisition of the Alpha Defensive Alternatives Fund.
The Fund has been renamed the Value Line Defensive Strategies Fund and investor (VLDSX) and institutional (VLDIX) shares are now available.
The Value Line Defensive Strategies Fund is a fund of funds that seeks to achieve capital preservation while producing positive returns with low volatility. The Fund has a flexible investment mandate to hold multiple asset classes with varying levels of correlation to the overall market. As an alternative investment,
- 29/06/2016
The US CFTC has charged former CBOE member Alvin Guy Wilkinson and his limited partnerships Chicago Index Partners (CIP) and Wilkinson Financial Opportunity Fund (WFOF) with fraud and acting as unregistered Commodity Pool Operators.
The CFTC Complaint also charges Wilkinson with providing false statements and documentation to the National Futures Association (NFA) during an NFA investigation. Wilkinson formerly served in a leadership capacity on Chicago Board Options Exchange (CBOE) committees and the CBOE board of directors.
The Complaint, filed on 28 June 28, 2016, alleges that, from July 1999 to the present, Wilkinson fraudulently solicited and accepted at least USD6.9 million from at least
- 29/06/2016
Third Point Reinsurance has entered into new long term investment management agreements with Third Point (Third Point).
At its inception in December 2011, Third Point Re retained Third Point as its exclusive investment manager under a five year investment management contract. This agreement, and a separate investment management agreement for Third Point Reinsurance (USA) Ltd, were renewed to have effect from 22 December, 2016, in each case for a five year term.
John Berger says: "Third Point has been an outstanding partner in all respects. They helped us form Third Point Re, have supported us in building out our financial
- 29/06/2016
RIMES, together with the European Fund and Asset Management Association (EFAMA) and the Financial Markets Law Committee (FMLC), has cautioned compliance teams against overlooking important regulatory challenges during its first Regulatory Seminar.
Investment managers need to comply with MAD II requirements, which came into force this month, and prepare for the imminent arrival of MiFID II and the EU Regulation on Financial Benchmarks. These three pieces of regulation, when combined, mean that the buy-side will face compliance challenges unlike any it has faced before.
The buy-side must now have compliance monitoring as part of its core operational requirements. This requires
- 28/06/2016
FactSet Research Systems, a leading provider of integrated financial information and analytical applications, has announced its results for the third quarter of fiscal 2016.
For the quarter ended May 31, 2016, revenues grew to USD287.5 million. Operating income was USD89.3 million compared to USD85.4 million in the prior year period. Net income was USD66.8 million versus USD61.4 million a year ago. Diluted earnings per share were USD1.62 compared to USD1.45 in the same period of fiscal 2015.
Adjusted operating income and margin, adjusted net income and adjusted diluted earnings per share exclude both deal-related amortisation and non-recurring items. The Company
- 28/06/2016
Gen II Fund Services, an independent private equity fund administrator, has joined The Depository Trust & Clearing Corporation (DTCC) Alternative Investment Product (AIP) Services.
AIP is a platform that links global market participants — including broker/dealers, fund managers, fund administrators and custodians, providing a single standard, efficient end-to-end process for alternative investments including private equity, hedge funds, funds of funds, non-traded real estate investment trusts (REITs), managed futures and limited partnerships.
Gen II's membership in the AIP services enables the Firm to seamlessly and efficiently service our private fund sponsor clients that maintain investor relationships with Registered Investment Advisors.
"Joining
- 28/06/2016
Intercontinental Exchange (ICE), a leading operator of global exchanges, clearing houses and data services, has introduced the expanded ICE Data Services, bringing together proprietary exchange data, valuations, analytics, desktop tools and connectivity solutions from across ICE and the New York Stock Exchange, Interactive Data and SuperDerivatives.
This development is part of the ongoing integration of Interactive Data, which ICE acquired in December 2015.
ICE formed its ICE Data subsidiary in 2003, recognising the rising demand for exchange data as markets became increasingly automated. ICE continues to invest in its data services to address evolving customer needs driven by regulatory reform,
- 28/06/2016
Pavilion Financial Corporation (Pavilion), a North American based employee-owned, investment services firm, plans to acquire Altius Holdings Ltd, the parent company of Altius Associates Ltd. and Altius Associates (Singapore) Pte Ltd (Altius Associates), a global private markets advisory and separate account management firm with offices in the UK, US and Singapore.
The transaction is expected to close in the third quarter of this year subject to regulatory approval.
Pavilion will combine the operations of Altius Associates with LP Capital Advisors, LLC (LPCA), the alternative asset advisory subsidiary of Pavilion headquartered in Sacramento, California. The combination will be highly complementary,
- 28/06/2016
Traiana, a provider of pre-trade risk and post-trade processing solutions, has seen a threefold growth in allocation volumes via its Harmony Equity Swaps service.
The platform achieved growth of 185 per cent between May 2015 and May 2016, following strong growth of 144 per cent over the same period the prior year.
The Harmony Equity Swaps solution is designed to reduce the cost and complexity of post-trade processing for the contract for difference (CFD)/equity swaps market by providing a central, automated and secure electronic messaging and matching service to buy and sell side firms, outsourcers, trade repositories and CCPs.
Growth
- 28/06/2016
How behavioural analysis can serve as a meaningful supplement to the hedge fund due diligence process, potentially exposing key insights about hedge fund managers that might ordinarily remain hidden, is the focus of a new white paper from TeamCo Advisors.
The paper, entitled, “Behavioural Analysis: Seeing What Is Left Unsaid,” was co-authored by TeamCo Managing Director Aimee F Kish, CAIA and Leanne ten Brinke, PhD, a Banting Postdoctoral Fellow at University of California, Berkeley.
TeamCo Advisers is a privately owned investment advisory firm that manages portfolios of select hedge funds and other opportunistic alternative assets.
In collaboration with Dr ten
- 28/06/2016
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