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“If you are a hedge fund and you’ve got USD50-100 million in “peer-to-peer” loans, you may well find the analysis and monitoring of those loans takes up a significant portion of your firm’s resources. What Lendvious does is minimise the amount of human input and, thereby, minimise cost and errors,” explains Adam Braggs (pictured), Managing Director (Europe) of Crowdnetic.
Crowdnetic is an innovative platform that is able to aggregate data from two fast-growing areas of the marketplace: crowdfunded equities and marketplace lending (or peer-to-peer lending). This is proving to be a highly effective analysis tool for institutional investors as they
- 01/01/2015
Tim Thornton, Chief Data Officer at Mitsubishi UFJ Fund Services, comments on the December 31 FATCA deadline…
31 December sees the deadline for completing due diligence on pre-existing accounts which are prima facie foreign financial institutions (FFIs), depending on the effective date of the FFI agreement. This is the second in a series of key milestones in FATCA implementation following the required introduction of new account opening procedures on 1 July, 2014.
Firms impacted by FATCA should be well advanced by now in their compliance procedures, either internally or having outsourced to a service provider. They should be routinely gathering required
- 29/12/2014
The US Commodity Futures Trading Commission (CFTC) has extended the no-action relief granted in CFTC Letter 14-27 to Eurex Clearing AG (Eurex Clearing) and its US clearing members.
In the time-limited no-action letter, the CFTC states that it will not recommend that the Commission take enforcement action against Eurex Clearing, an applicant for registration as a derivatives clearing organization (DCO), for failure to register as a DCO pursuant to the requirements of Section 5b(a) of the Commodity Exchange Act (CEA); or a US Clearing Member, for failure to clear certain interest rate swaps (IRS) that are required to be cleared under
- 24/12/2014
The Lyxor Hedge Fund Index continued to slide last week as global risk aversion was elevated, according to Philippe Ferreira Head of Research Managed Account Platform Lyxor Asset Management.
Q4 2014 has been particularly difficult, with negative returns in December (-2.4% MTD) in addition to the October drawdown.
Last week, all hedge fund strategies were down, with Fixed Income managers underperforming on the back of liquidity issues on some names. Lyxor’s Fixed Income Broad Index, which aggregates L/S Credit, Fixed Income Arb and Convertibles Arb is down 6.1% in Q4 (up to 16 December). Global Macro and Special Situations managers
- 24/12/2014
'40 Act funds are only part of the liquid alternatives narrative, says Michael Bernstein of Lyxor Asset Management…
Firstly, Europe's alternative UCITS market has been growing year-on-year for the past six years. Secondly, leading managed account platform providers such as Lyxor Asset Management have been offering liquid alternatives to institutional investors since 1998.
Michael Bernstein
Head of N. American Business Development
Kunjal Shah
Senior investment professional
This is not a new phenomenon. And nor is it reserved exclusively for '40 Act funds. That said, given the size and importance of the US financial markets, it's understandable that the opportunity for retail
- 23/12/2014
- 23/12/2014
The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against FCM Deutsche Bank Securities Inc) (DBSI) is to pay a USD 3 million civil penalty to settle CFTC charges relating to failures to properly invest customer segregated funds, prepare and file accurate financial reports, maintain required books and records, and related supervisory failures.
None of the violations resulted in any customer losses, according to a CFTC Order. DBSI is an indirect, wholly-owned subsidiary of the parent company, Deutsche Bank AG.
Specifically, the CFTC’s Order finds that, for the period 18 June, 2012 through 15
- 23/12/2014
- 23/12/2014
Friday, 19 December 2014 was Euronext’s most active day in terms of trading in 2014 and the most active day on its market since March 2011.
Some EUR15.986 billion was traded across all its cash products: equities; ETFs; warrants and certificates; and bonds.
Danielle Ballardie, Head of Cash Markets at Euronext, says: “We are delighted to see our cash markets producing such strong trading figures. This demonstrates the positive impact of the reinvigoration of Euronext's cash business during 2014. We will continue to optimize our business in 2015 and drive real innovation through consultation with members to offer
- 23/12/2014
- 23/12/2014
The Financial Industry Regulatory Authority (FINRA is to perform the majority of the The Chicago Board Options Exchange (CBOE) and C2 Options Exchanges’ (C2) regulatory services.
Additionally, CBOE entered into a separate agreement with FINRA, under which CBOE will assign to FINRA its responsibility to perform regulatory services for the Options Regulatory Surveillance Authority (ORSA), the central organisation facilitating collaboration in insider trading surveillance and investigations for all US options exchanges.
FINRA will begin to perform all of these services on 1 January, 2015.
Regulation of CBOE Futures Exchange (CFE®) will continue to be provided by CFE Regulatory Services staff.
- 23/12/2014
In the last full trading week of the year, the closing of the books was crudely interrupted by a crossover from chaos in the energy markets, accompanied by a total collapse in the Russian Rouble, says Tim Edwards, Index Investment Strategy, S&P Dow Jones Indices…
The VIX closed on 17 December at 19.4, helped on its way down (from Tuesday’s high of 24) by the measured and patient comments issued yesterday by the US Federal Reserve.
All of our global equity volatility measures are up, but their increases pale in comparison to their equivalents in the oil markets. At
- 22/12/2014
- 22/12/2014
HS Group has made its second investment, in a hedge fund to be founded by Christopher Lee and Burke Lau.
Lee was previously Head of BlackRock's Scientific Active Equity department in Hong Kong and serves on the Investment Board of BlackRock's award nominated Pan Asia Opportunities Fund, while Lau, was formerly Head of Asia & Japan Quant Research at Macquarie Securities.
The duo will be joined by a team of research and programming professionals with several decades of combined systematic investment experience in Asia, and on the business side will be led by Michael Friedlander who was formerly Head of
- 22/12/2014
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