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Euronext is to contest today's claim and fine by the Autorité des Marchés Financier (AMF), the French regulator, concerning events surrounding the rise of high frequency trading in 2009.
Euronext has been fined EUR5 million by AMF, the French market regulator, a penalty is has described as ‘totally disproportionate and completely anachronistic’. Euronext plans to contest the claim that it failed to meet its professional obligations and favoured one market member over others. The company says that In no event did it ever compromise the market’s integrity when, in 2009, it deployed pilot programmes linked to the new high frequency
- 08/12/2015
Mizuho Alternative Investments and Wilshire Funds Management are to jointly create, develop, structure and distribute risk premia investment solutions to institutional investors and financial intermediaries.
Mizuho, one of the largest financial institutions in Japan, and Wilshire, a leading global investment consulting, technology and investment management firm, bring to the table a long history of experience servicing some of the world’s largest institutional investors.
“Wilshire Funds Management offers expertise across multiple disciplines, such as customised portfolio management, risk management, infrastructure and operations. We are very excited about the opportunity to work with Wilshire and look forward to a deep and long-standing
- 08/12/2015
Hedge funds extended the prior month’s gains in November, driven by strong Macro & CTA performance, according to data released today by HFR.
The HFRI Fund Weighted Composite Index® gained +0.5 per cent for the month (Index Value = 12,460), paring 3Q declines and lifting the Index to a YTD gain of +0.3 per cent for 2015. Recent performance gains have increased total hedge fund capital to $2.92 trillion through November, narrowly below the mid-year 2015 record of $2.93 trillion.
Hedge fund performance in November was driven primarily by Macro, CTA, Activist and Technology exposures, as the HFRI Macro Index
- 08/12/2015
- 08/12/2015
Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has launched a cybersecurity training video designed to help firms protect themselves against breaches.
Cordium says that major cybersecurity violations are frequently making headlines across the globe and as a result data protection is high on regulators’ agendas. Despite the news focusing on large organisations, over 60 per cent of all cyber-breaches happen to small companies. Cordium believes that its new training video provides firms and their employees with all the information and best practice advice they need to ensure their data and network
- 08/12/2015
The Roberts Group (TRG), a provider of market data and subscription management solutions, has reported a record increase in new clients looking to better understand and manage their enterprise subscriptions and expenses.
Led by the universal need to drive down costs and maximise efficiency within market data and information services spend, TRG has doubled its new sales growth year over year and has seen significant success in the Australian market, investing time and resources to support its work with some of the largest banks in the region. TRG’s commitment to quality client service is what has led to a 95
- 08/12/2015
- 08/12/2015
The Depository Trust & Clearing Corporation (DTCC) has commended the US Administration, Senate and House of Representatives for taking action to strengthen global information sharing by signing into law legislation that removes Dodd-Frank’s indemnification provisions.
Eliminating these barriers to data sharing marks an important step in ensuring regulators globally obtain a consolidated and accurate view of the over-the-counter derivatives marketplace. DTCC has been a long-standing advocate for removal of the indemnification provisions and applauds Members of Congress and policymakers – both former and current – who supported this non-controversial, technical fix.
DTCC says it is looking forward to continuing to
- 07/12/2015
Assets in the Old Mutual Absolute Return Government Bond Strategy, managed by Russ Oxley and his team, have exceeded GBP500 million (US$D55m)m just two months after launch
Oxley says: “I am delighted that our six-strong team have got off to such a strong start at Old Mutual Global Investors. It is also very pleasing to have received over GBP500 million of assets in such a short period of time as this demonstrates that investors continue to support our strategy. We now look forward to building on our successful three and half years managing this type of strategy.”
Donald Pepper,
- 07/12/2015
Elian has formally completed its acquisition of SFM Europe. Merging Elian's existing International Finance team and the SFM Europe team, the combined service line will be made up of more than 150 employees, and it will be led by SFM Europe CEO, Robert Berry.
SFM Europe offers services for the management of securitisations, structured finance and asset finance to global banks, investment managers and blue chip corporates. The completion of this acquisition significantly bolsters and expands Elian’s international finance offering.
The deal, which was announced in September, brings Elian’s head count to 640 employees and increases its geographical spread
- 07/12/2015
Euronext has joined the United Nations' Sustainable Stock Exchanges (SSE) initiative which aims to explore how exchanges can work with investors, regulators, and companies to enhance corporate transparency on Environmental, Social and Corporate Governance (ESG) issues.
Euronext’s five market operators Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, Euronext London and Euronext Paris have voluntarily committed – through dialogue with investors, companies and regulators – to promote sustainable, long-term investment and improved ESG governance disclosure and performance among the companies listed on their exchange.
In line with this initiative, Euronext continues to launch products related to the financing of the real economy
- 07/12/2015
PineBridge Investments has appointed Gregory A Ehret as Chief Executive Officer, effective 25 January, 2016. Ehret joins PineBridge from State Street Global Advisors, the investment management arm of State Street Corporation, where he served as President and a member of the Executive Management Group.
PineBridge Chairman John L Thornton says: "Greg is an industry veteran with an impressive track record of growing a global business across both developed and emerging markets. His leadership and operational expertise will position PineBridge to continue providing our clients with an integrated global perspective and a unique investment offering."
"I have watched PineBridge develop its
- 07/12/2015
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