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The Alternative Investment Management Association (AIMA) has released a new guide to operational risk management for alternative asset management firms.
The AIMA Guide to Sound Practices for Operational Risk Management focuses on a wide variety of risks that could result in loss from inadequate or failed internal processes, people and systems or from external events.
This is the first time that AIMA has produced a Guide covering all aspects of operational risk. Previous AIMA guides have focused on certain features of this broad area including cyber security, valuation and business continuity management.
The new guide, which is available
- 09/02/2016
Gurtin Fixed Income Management,, an SEC-registered investment advisor managing over USD10 billion in assets as of January 2016, has promoted Thomas Schuette to Partner and Co-Head of Portfolio Management, enabling closer integration of credit research and portfolio management.
"As Co-Head of Credit Research, Tom has made a lasting impact on the fabric of the firm," says Bill Gurtin, CEO. "His commitment to maintaining a high bar for the credit quality of our clients' portfolios and ability to think in terms of relative value have greatly contributed toward our effective management of a growing suite of uniquely credit-driven municipal strategies. I'm
- 09/02/2016
A new financial platform is aiming to bridge the gap between simple words and complex investment strategy. For the first time, investors and traders can write down their ideas which are then analysed, optimised, converted into investment strategies and executed on a chosen trading platform.
The platform sits on the trading page of a bank or broker and is accessible via a simple Google-like text entry field that reads written words and makes suggestions for more rounded instructions.
An investor might write a simple request ; “Buy 100 shares of Google at market price” or a much more complex
- 09/02/2016
The Commodity Futures Trading Commission (CFTC) has issued an Order to the Korea Exchange (KRX) permitting certain KRX Members to solicit and accept orders and in connection therewith, accept funds directly from U.S. customers for trading on KRX without having to register with the CFTC as futures commission merchants (FCMs).
The order also permits these designated KRX Members to engage in marketing conduct in the US for a period not to exceed thirty days. This exemption follows similar exemptions granted to other foreign exchanges or foreign regulators pursuant to Regulation 30.10.
The order will be published in the Federal
- 09/02/2016
A total of 42 hedge fund deals were closed or announced globally in 2015, exceeding the 32 transactions that closed in 2014, according to the 4th edition of Madison Capital’s hedge fund industry M&A overview.
Additionally, 2015 transaction volume as measured by AUM was approximately 27% higher than 2014. Propelled by the wave of transactions in the fourth quarter of 2015, there are other key drivers creating deal momentum, positioning 2016 to be a record year in terms of hedge fund M&A transactions.
According to the report, hedge fund industry assets are at an all time high despite the
- 09/02/2016
BIL Manage Invest, the third-party management company of the Banque Internationale à Luxembourg (BIL) Group has received approval from the CSSF_ to launch its Lux Multimanager SICAV, a hosted “rent-a-compartment” UCITS fund platform.
Lux Multimanager SICAV provides third-party investment managers, fund initiators and other fund promoters (managers) of investment funds with a fully UCITS-compliant umbrella fund platform within which they can manage a sub-fund (compartment) in accordance with their own investment strategies. BIL Manage Invest has appointed RBC Investor Services Bank SA in Luxembourg to provide custody, central administration and domiciliary services to the platform.
The managers are appointed
- 09/02/2016
All managed futures indices posted positive returns in the first month of the year, with Societe Generale’s headline SG CTA Index leading performance. At 4.21 per cent this is the highest monthly return for the index since 2015’s opening month. Short-term traders also made significant gains, ending up 3.73 per cent.
The newly launched SG CTA Mutual Fund index made a strong start, completing its first live month up 2.64 per cent.
The SG Trend Indicator mirrored the gains of the SG Trend Index, ending up 2.35 per cent. Performance attribution from the Trend Indicator shows trend-followers benefitted from
- 08/02/2016
- 08/02/2016
David Lamb (pictured), head of dealing at the forex specialists FEXCO, on Mark Carney’s latest press conference…
Mark Carney's press conference revealed that he too gave up something for the New Year – forecasting interest rate rises.
Understandably the Governor chose not to mention the large amount of egg left on his face after the embarrassing ditching of his prediction – made last summer – that we would have greater clarity on interest rates at the start of 2016.
With UK inflation continuing to be dragged down by tumbling commodity prices, the prospect of an interest rate rises
- 08/02/2016
- 08/02/2016
Red Oak Capital Fund has launched a new private investment fund specialising in debt instruments collateralised by commercial income producing real estate.
Working with seasoned real estate investors and developers, Red Oak intends to expand its reach into the hard-money commercial lending arena for projects that are not typically serviced by traditional institutional lenders.
"There is a huge demand for short-term transitional financing in the commercial real estate market right now,” says Joe Elias (pictured), Senior Director with Red Oak. "Banks and institutional lenders have had their hands tied with red tape and can't be as flexible as they
- 08/02/2016
LiquidityBook, an ASP-based provider of buy- and sell-side and OMS and FIX trading solutions, has appointed Sean Sullivan as Chief Revenue Officer. Sullivan, who will report directly to co-founders Kevin Samuel and Rick Goldenberg, will be responsible for the firm’s sales and business development strategy globally.
Sullivan brings more than 20 years of experience in the financial technology industry to the firm. Most recently he served as Chief Revenue Officer for REDI Global Technologies, a leading trade management platform provider. Prior to that, he was Head of Global Sales for Eze Software Group, and was also a member of the
- 08/02/2016
- 08/02/2016
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