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Saxon Securities, a platform provider of separately managed account FDIC-Insured brokered certificates of deposit (CDs) investment management services for Registered Investment Advisers (RIAs), is to offer its product on the Envestnet platform.
Envestnet assists investment advisors in providing wealth management technology and services as well as investment solutions and products, including managed account portfolios, to their clients.
“Envestnet prides itself on offering a broad set of managed account solutions to over 40,000 advisors who access the over 1,300 Separate Account Portfolios available through the single contract platform. We're pleased to be able to offer Saxon Securities' FDIC-insured CD portfolio
- 01/04/2016
Hedge fund operational due diligence specialist Castle Hall has appointed Vladimir Rabotka as Director – Security and Systems Administration with responsibility for the firm’s internal cyber security policies.
He will also provide expert advice to Castle Hall’s global client base around operational due diligence on asset manager cyber security.
Rabotka comes to Castle Hall with more than 10 years of IT experience, including five years with McGill University, where he most recently held the role of Security Analyst, Network and Communications Services. Vladimir has extensive experience across the domain of Information Security, focusing on risk analysis, vulnerability management, intrusion detection
- 01/04/2016
The US Commodity Futures Trading Commission (CFTC) has charged Hendrik A Van Beuningen and his company, DeBrink Trading Fund I (DeBrink) with fraud, misappropriation, and issuing false statements in connection with a commodity pool they operated.
The CFTC Complaint, filed under seal on 28 March, 2016, alleges that, from at least January 2014 to at least January 2016, the Defendants fraudulently solicited and accepted at least USD505,000 from at least five members of the public for the purported purpose of pooling funds to trade various futures contracts. The CFTC’s Complaint also charges the Defendants with registration violations concerning their commodity
- 01/04/2016
FlexTrade Systems has appointed Tim Wong, Maroof Khan, and Dan Enstedt as Vice Presidents of Business Development, Multi-Asset Sales, for the company’s APAC region.
According to Manish Kedia (pictured), Managing Director of FlexTrade Systems Pte Ltd, in Singapore, multi-asset trading has gained a solid foothold in the APAC region on both the buy-side and sell-side.
“Considering the growth of electronic trading in the area, it became paramount for us to expand our sales presence with a more regional focus,” says Kedia. “With Tim in North Asia, Maroof handling South East Asia and Dan covering Australia and New Zealand, FlexTrade is
- 01/04/2016
Alternative investment manager Franklin Square Capital Partners has hired Lewis Katz as Chief Business Development Officer. In this newly created role, Katz will develop new growth opportunities and help diversify distribution into new sales channels by collaborating with teams across the firm to expand its financial technology, marketing and educational initiatives.
“Lewis Katz has wide-ranging experience with alternative investments, large-scale business development, partnership growth and technology expansion,” says Michael C Forman (pictured), Chairman and CEO of Franklin Square. “He will be instrumental in forging says paths for Franklin Square as we continue our growth as a leader in alternatives.”
In
- 01/04/2016
SS&C Technologies Holdings has appointed Ron Tannenbaum as Managing Director of Business Development for Europe, Middle East, and Africa (EMEA) in its Alternative Fund Services business, SS&C GlobeOp.
He will be based in SS&C’s European headquarters in London and will report to Punit Satsangi, Managing Director, Head of Alternatives EMEA Business Development.
Most recently, Tannenbaum was Co-Founder and Partner (UK Marketing and Sales) at AltB Partners LP. Prior to this, he was Partner and Co-Founder of GlobeOp Financial Services, which was acquired by SS&C in 2012. Mr. Tannenbaum has also served in a number of senior executive positions at
- 01/04/2016
The European Securities and Markets Authority (ESMA) has fined the trade repository DTCC Derivatives Repository Limited (DDRL) EUR64,000, and issued a public notice, for negligently failing to put in place systems capable of providing regulators with direct and immediate access to derivatives trading data.
This is a key requirement under the European Markets and Infrastructure Regulation (EMIR) in order to improve transparency and facilitate the monitoring of systemic risks in derivatives markets.
This is the first time ESMA has taken enforcement action against a trade repository registered in the European Union (EU). DDRL is the largest EU registered trade repository.
- 31/03/2016
100 Women in Hedge Funds (100WHF) has selected The Women’s Foundation (TWF) as its 2016 philanthropic beneficiary in Hong Kong.
100WHF is a global, practitioner-driven non-profit organisation which serves more than 13,000 alternative investment management investors and professionals through educational, professional leverage and philanthropic initiatives. To date, 100WHF has raised US$38 million (gross) for charitable causes.
100WHF’s mission was established in 2001 on three core pillars: Education, Peer Leverage and Philanthropy. 100WHF's philanthropic mission is to leverage its members’ collective abilities and expertise in order to give back to the global community among three annually rotating themes: Education, Mentoring,
- 31/03/2016
The attraction for private equity as an alternative asset class is as strong as perhaps it has ever been. As the results of a recent E&Y survey reveal (Positioning to win: 2015 global private equity survey), 19 per cent of investors said they currently allocate up to 5 per cent of capital to private equity, but 39 per cent said they allocate more than 25 per cent.
This is encouraging news for private equity managers, but with it comes extra responsibility as investors and regulators alike ramp up their due diligence. Indeed whereas only 28 per cent of managers said
- 31/03/2016
Quod Financial has partnered with SR Labs to use the firm’s SuperFeed product to enhance its turnkey low latency solutions in smart order routing, algorithmic and automated trading.
SR Labs delivers the widest range of normalised market data solutions via its flagship SuperFeed data feed and its Direct Feed Handler products. These are complemented by a range of supporting enterprise products, including the DART entitlements system and Data Fabric middleware, underpinned by the OpenMAMA API. Quod’s Adaptive Execution Platform and its applications are now integrated with the OpenMAMA API.
Ian McIntyre, COO Europe at SR Labs, says: “The combination of
- 31/03/2016
- 31/03/2016
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