Latest News
Nasdaq has launched an experimental pricing program with lower access fees for 14 stocks representing both small and large capitalisation companies traded on US equity listings venues.
The program reduces the access fee to five cents per 100 shares from 30 cents per 100 shares in 14 stocks and reduces the rebates for liquidity provision on The Nasdaq Stock Market. This experiment will generate much-needed data about the impact of the level of access fees on areas that matter most to investors and public companies such as the level of off-exchange trading, price discovery, trading costs, displayed liquidity and execution
- 03/02/2015
A reception at the UK Parliament hosted by the Alternative Investment Management Association (AIMA), the global hedge fund association, has heard how hedge funds can help pension funds to close the “pensions gap”.
Speaking at the reception were the Labour MP Dame Anne Begg, Chair of the Commons Work and Pensions Select Committee; the Labour MP Chris Evans, Parliamentary Private Secretary to Chris Leslie MP, Shadow Chief Secretary to the Treasury; Kathryn Graham, Head of Strategy Co-ordination for the Universities Superannuation Scheme (USS), one of the UK’s biggest pension funds; and Jack Inglis, CEO, AIMA. The event drew more than
- 03/02/2015
Hong Kong law firm K&L Gates has added Michael Wong as a partner in the investment management, hedge funds and alternative investments practice.
Wong joins the firm from Allen & Overy LLP.
Concentrating his practice on investment management and financial regulation, Wong has extensive experience advising fund managers and financial institutions on the structuring, establishment, and distribution of a broad range of fund products, including hedge, alternative investment, and SFC-authorized funds, as well as counseling on a wide variety of other financial regulatory areas, including licensing and registration of financial intermediaries, managed accounts, custody arrangements, disclosure of interests, insider dealing,
- 02/02/2015
Unigestion, an institutional asset manager that focuses on providing its clients with a targeted range of risk-managed investment solutions, has appointed Ken Harvie as Head of Consultant Relations within its Institutional Clients team.
Harvie joined in December 2014 and is based in London, reporting to Tom Leavitt, Managing Director and Head of Institutional Clients. Ken will be responsible for strengthening relations across the global consultancy community.
Harvie joins Unigestion from Ignis Asset Management, and brings over 30 years’ experience in the pensions industry. In his role as Client and Consultant Relations Director at Ignis Harvie played a key role
- 02/02/2015
Guggenheim Securities International, the international investment banking and capital markets division of Guggenheim Partners, has commenced operations, providing sales and trading services for European clients.
"Guggenheim is pleased to extend its broadened securities platform to deliver thoughtful solutions and ideas to European institutional clients," says Alan Schwartz, CEO of Guggenheim Securities and Executive Chairman at Guggenheim Partners. "The talent that we have attracted in our London office both enhances our fixed-income and equities distribution capabilities and provides a strong foundation for growth in Europe."
Duncan Riefler is serving as President of Guggenheim Securities International Ltd. and Head
of London Fixed
- 02/02/2015
Fund governance firm DMS Offshore Investment Services (DMS) has appointed Westley Chapman as a Director.
Chapman will serve on the boards of investment funds, providing independent oversight on governance and compliance matters. He will also function as Director, Operational Due Diligence and will be based in New York.
As even more investors continue increasing allocations to private funds, investors and managers are spending more time on operational due diligence reviews, plus facing evaluating even more investment opportunities with less available resources.
DMS Operational Due Diligence aims to ease this burden and part of Chapman's role is to advise investors on
- 02/02/2015
Euronext has appointed Maurice van Tilburg as Chief Executive Officer (CEO) of Euronext Amsterdam with immediate effect, pending regulatory approvals.
Van Tilburg has almost 20 years’ experience in the exchange sector. Until this appointment, he was Head of Business Projects & Design of the European Equity and Equity Derivatives Markets at Euronext, where he was responsible for the process reform of business initiatives and project delivery of new products and services. Prior to that Mr. Van Tilburg was in charge of issuer support and execution of corporate actions across all Euronext Cash Markets in Europe. Van Tilburg started his career
- 02/02/2015
Misys, the leading financial software company, has signed an agreement with targit GmBH to become a member of the InFusion Partner Programme.
Misys and targit have been collaborating for many years with targit providing consulting, systems integration and project management support within the Germany-Austria-Switzerland region.
targit will focus on supporting the operations of financial institutions, implementing trading systems and risk management utilising the latest market-leading solutions from Misys. targit’s highly-skilled consultants have a deep knowledge of both Misys FusionCapital and FusionRisk, especially around software implementations and upgrades. targit’s product and IT expertise helps customers develop a centralised and
- 02/02/2015
- 02/02/2015
Tradition, an interdealer brokers in over-the-counter commodity and financial products, has hired three experienced market structure professionals to expand its hybrid and electronic businesses.
John Wilson will become Managing Director within Tradition’s Strategy and Business Development unit. A widely respected market professional for over 20 years, Wilson will play a central role in all aspects of Tradition’s strategic, hybrid and electronic initiatives globally.
Prior to joining Tradition, Wilson was Global Head of OTC Clearing at both Newedge and RBS. With extensive buy and sell-side experience, he has represented the industry in EU discussions in relation to cross-border regulatory proposals
- 02/02/2015
Stars were aligned for hedge funds in January, with most strategies ending in the black. The year starts with strong alpha generation and outperformance against major equity indices: the Lyxor HFI Index is up by 1.4% since 1 January, versus -1.2% for the MSCI World. Moreover, we have witnessed above average dispersion between managers. More than 10% of the hedge funds we monitor are close or above the 5% mark YTD. Using risk-adjusted metrics by strategy over a longer term horizon (below), the past 12 months suggest that L/S Equity, in addition to CTAs, has outperformed risk assets.
- 02/02/2015
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