Latest News
Americas Trading Group (ATG) has announced a new alliance with sell-side equities trading platform provider Fidessa Group which provides Fidessa OMS users with access to ATG's algorithmic trading models in the Brazilian market.
“The combination of Fidessa’s global reach with ATG’s local knowledge is extremely powerful,” says Carlos Barros, Head of Sales at ATG. “This integration provides a gateway for Fidessa users around the world to access ATG’s local execution expertise, which is particularly important today with the increase of cross-border trading. We are excited about this alliance and look forward to working closely with Fidessa and its customers.”
- 30/03/2016
The US Commodity Futures Trading Commission (CFTC) has approved a final rule adding an alternative for foreign natural persons to the requirement to provide fingerprints when applying for CFTC registration.
The final rule will allow any such person’s registered firm to complete a criminal history background check in lieu of submitting fingerprints.
The final rule generally codifies CFTC Staff Letters 12-49 and 13-29, and supersedes those letters. It will become effective 30 days after its publication in the Federal Register.
- 29/03/2016
The Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) have submitted a joint comment letter to the US SEC on the it's proposed rule on the use of derivatives by mutual funds and other registered investment companies.
While generally supporting several aspects of the SEC’s proposal, including asset segregation requirements and an activities-based approach to regulation, the Associations have concerns with the adverse effects of the rule’s imposition of a new notional-based leverage limit on registered funds.
The letter also questions the SEC’s attempt to redefine and regulate derivatives as “senior securities” under Section 18 of
- 29/03/2016
By Philipp Neumann (pictured), Counsel Campbells, BVI, Team BVI Member – Starting a regulated investment fund can easily become a vicious circle for many start-up fund managers: The lack of track record will make it difficult to raise investor capital regardless of how creative or extraordinary the ideas of the start-up managers may be and, in turn, the lack of investor capital will often make it difficult to bear the upfront costs for the establishment of a regulated fund.
In the past, start-up managers would find themselves in the situation where they had to start with unregulated vehicles in order
- 29/03/2016
Colleen Byrne has joined Cowen Prime as Vice President. Her primary responsibilities will be in Capital Introduction, where she will work further develop this part of the firm’s offering.
Byrne will also engage with the firm’s prime brokerage sales team to identify new business development opportunities.
Byrne joins Cowen following two years as a consultant with Hedge Connection, an alternative investment media company focused on establishing connections between hedge fund managers and allocators utilising the firm’s electronic platform. Previously, she was affiliated with Asset Alliance Corporation/Hedgeharbor Inc, a hedge fund investor platform, as Associate Director.
Byrne will be located
- 28/03/2016
- 28/03/2016
Counselytics has deployed its AI technology in the alternatives investment space. Using machine learning technology, Counselytics is aimed at providing a fast, economical and automated process to find and analyse limited partnership agreements wherever they reside.
As Counselytics finds and centralises LPAs, it classifies and extracts up to 35 key partnership terms, including details on fees and expenses, waterfalls, taxation and governance. Counselytics also works as a question answering system with the ability to query for specific issues related to the LPAs, and the system returns both the correct answer and the most relevant sections of the LPA. The technology can analyse
- 28/03/2016
Jersey’s funds industry will need to embrace FinTech, assert its long-standing expertise and focus on innovation in order to remain at the forefront of a constantly evolving global funds landscape, according to the chairman of the Jersey Funds Association (JFA).
Speaking at this year’s annual JFA Dinner (18 March), Ben Robins (pictured) told an audience of over 450 funds professionals, senior politicians and regulatory representatives that the recent performance of Jersey’s funds industry painted an extremely positive picture and positioned the jurisdiction well as a centre for alternative funds business.
Highlighting that the total value of funds business grew at
- 28/03/2016
Tom Casteleyn (pictured), Head of Product Management for Custody, Cash and FX at BNY Mellon comments on how delays to the ECB’s T2S programme have derailed the project…
Last year’s delays to the ECB’s ambitious T2S programme have derailed the project’s execution timeline, with wave 2, scheduled to go live on 28 March, shaping up to be a minor event.
The real test of the future success of T2S will be when significant settlement volume goes live on the platform. The postponement of Euroclear’s domestic CSD migration, which comprises more than 25% of the business intended to be hosted by
- 28/03/2016
Although forecast to grow by 6.4 per cent in 2016, there are fears over the health of China's economy and the impact this could have on the global economy. Coupled with the lack of real growth that developed market economies are experiencing, the threat of slipping back into a global recession is growing. This is despite central bank intervention, with its commitment to low interest rates, which has pumped money into the banking system and created a five-year bull market in equities yet at the same time has failed to generate meaningful inflation.
"I think the actions of central banks
- 25/03/2016
Oligo Swiss Fund Services received its license from the Swiss authorities 13 months ago to provide Swiss legal representative services and has already onboarded more than 200 funds registered for distribution to Swiss qualified investors. These include offshore hedge funds, UCITS-compliant hedge funds and private equity funds.
"Our team has experience in hedge funds, UCITS funds and private equity funds," explains Luis Pedro (pictured), CEO of Oligo Swiss Fund Services. "The size of fund assets on the platform ranges from EUR20 million at the lower end to EUR20 billion at the upper end, spanning all types of strategies and structures
- 24/03/2016
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