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In a move to help protect clients ahead of the EU referendum on 23 June, PhillipCapital UK will be increasing its margin requirements. This will take place in two stages, with the first increase occurring on the 12th June and the second on the 19 June.
The increases will encompass all instruments.
GBP currency pairs and GBP denominated instrument will see margins raised to 10 per cent, with margins on remaining instruments raised to 5 per cent.
Sean Tan (pictured), Head of Derivatives Trading, says: “If the events of last January taught us anything, it was that markets can be
- 09/06/2016
Pershing has added the hedge fund intelligence platform, AltX, to its Alternative Investment Center, which is accessible through NetX360 and provides advisors access to educational resources, research and tools to help inform their alternative investment strategies.
The addition of AltX will help advisors evaluate hedge fund investment opportunities by providing them access to hedge fund market data, insights and analytics.
As part of the Pershing and AltX relationship, AltX analyses over 300 private funds across 26 metrics such as strategy, assets under management (AUM), historical returns, and additional subscription, redemption and regulatory information and provides the integrated data directly into
- 09/06/2016
CME Group and CloudMargin have collaborated to offer CME Clearing and CME Clearing Europe customers the first cloud-based software service that integrates and automates the management of collateral in one place.
This allows market participants access to a consolidated view across their complete collateral inventory that they can utilise for both cleared and non-cleared derivatives transactions at any given time.
"We are excited to announce CME Group's collaboration with CloudMargin. The cloud-based collateral management service will be of particular relevance for market participants who want to fulfill all of their operational and regulatory requirements efficiently," says Sunil Cutinho, President, CME
- 08/06/2016
Franklin Square Capital Partners has launched a new feeder fund for FS Global Credit Opportunities Fund (FSGCO), an unlisted closed-end fund.
The new feeder fund, FS Global Credit Opportunities Fund–T (FSGCO–T), features a commission structure that is designed to be responsive to FINRA Regulatory Notice 15-02 by lowering upfront commissions and increasing the amount of capital available to the fund for investment. The firm expects to launch FS Global Credit Opportunities Fund–ADV (FSGCO–ADV), a fund designed for use in advisory accounts, in the coming weeks.
FSGCO seeks to generate a high level of total return through investing in value-based
- 08/06/2016
Irish Funds, the representative body for the cross-border investment funds industry in Ireland, has seen significant inflows of EUR8.4 billion into Ireland through the Irish Collective Asset Management Vehicle (ICAV).
Since the ICAV legislation was passed into law in March 2015, over 157 new funds have registered through the bespoke fund vehicle (as of March end 2016). Cumulatively, these funds equate to over EUR8.4 billion in AUM, and Ireland has seen positive net inflows every month since the ICAV’s establishment. The majority of these new funds have been Alternative Investment Funds (AIFs).
The ICAV was designed to improve efficiency
- 08/06/2016
CME Group Executive Chairman and President Terry Duffy and Chief Financial Officer John Pietrowicz will present at the Sandler O'Neill 2016 Global Exchange and Brokerage Conference in New York, on Thursday, 9 June at 3:00 pm Eastern Time.
The presentations will be broadcast live over the Internet, while an audio Webcast will be available for replay approximately 24 hours following the conclusion of the conference.
- 08/06/2016
Quantopian, which inspires people from all over the world to write automated investment algorithms on its revolutionary free platform, has hired industry veteran Jonathan Larkin as its Chief Investment Officer.
Larkin's prior experience spans senior roles at some of the largest multi-manager and quantitative investment firms in the world.
Larkin will direct the Company's investment strategy, leading the effort to identify, select, and allocate capital to investment algorithms created by Quantopian's community of more than 80,000 algorithm writers. Writers of selected algorithms share in the profits generated by their algorithms.
"I look forward to helping investors understand the unique model
- 08/06/2016
- 08/06/2016
Hedge funds posted gains for the third consecutive month in May, as the US Dollar strengthened in anticipation of higher US interest rates, as well as an increasingly uncertain outcome of the upcoming UK referendum (Brexit).
The HFRI Fund Weighted Composite Index (FWC) gained +0.4 per cent for the month, according to data released today by HFR. Strong performance in Event Driven strategies was complemented by gains in Relative Value Arbitrage and Equity Hedge strategies, which were only partially offset by declines in Macro; all four main hedge fund strategies are now positive for 2016. The May gain brings YTD
- 08/06/2016
- 08/06/2016
Alforma Capital Markets, a New York-based US broker-dealer, has taken a step closer to being acquired by BCS Global Markets, the largest securities broker on the Moscow Exchange, by achieving formal regulatory approval from US regulatory body FINRA (Financial Industry Regulatory Authority).
The transaction is expected to close within a couple of weeks, and will signify the official launch of operations for BCS Global Markets into North America, the world’s largest capital market. Once finalised the firm will be renamed BCS Americas Inc., and will provide brokerage and investment services to US-based institutional investors seeking to access Russian securities market.
- 07/06/2016
Major global indices stood still in May as equity and bonds markets proved largely directionless. The MSCI World index returned less than 1 per cent, while the Barclays US Aggregate Bond index was flat for the month.
Outside of equities and bonds, there were strong rallies in oil and the US dollar, while precious metals sold off. After a weaker start to the month for equities, markets reacted positively mid-month to rally into month-end, prompted by a perceived increased probability of near-term rates rises in the US and a lower probability of Brexit. Some of those more positive risk sentiments
- 07/06/2016
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