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LCH.Clearnet has completed its project to introduce the Calypso Collateral Management solution to its collateral and liquidity management offering.
With this development, LCH.Clearnet is able to deliver further processing efficiencies with automated, real-time collateral management operations.
The Calypso Collateral Management solution delivers three benefits:
§ Automated real-time management of liabilities
§ A consolidated view of member collateral assets facilitating a streamlined margin call process
§ Full support for cash management and treasury services
In implementing Calypso, LCH.Clearnet has replaced a vendor package in the front office and an in-house legacy platform in the back office. The Calypso
- 17/09/2014
BlueBay Asset Management, a manager of fixed income and alternative investments, has appointed Wike Groenenberg in the newly-created role of alternatives strategy director – macro.
Groenenberg will head up the strategy direction of the BlueBay Macro Fund as well as the fund’s investor relations function.
Groenenberg was previously managing director and head of emerging markets strategy at Citi in London, responsible for devising investment themes and generating specific directional and relative value trade ideas as well as marketing those ideas to a wide range of investors.
“I’m delighted Wike will be supporting our team,” says Neil Phillips, partner
- 17/09/2014
Cayman Islands-based boutique corporate governance services firm Highwater has expanded its team of directors with the appointment of Yolanda Banks McCoy.
McCoy, who will be based in Cayman, has over 19 years of financial services experience.
Prior to joining HighWater, she was the head of investments and securities division of the Cayman Islands Monetary Authority (CIMA) since November 2006. She was responsible for the regulation and supervision of hedge funds, fund administrators and securities investment companies operating in or from the Cayman Islands, as well as ensuring sound compliance and market conduct in accordance with Cayman Islands regulatory laws
- 16/09/2014
- 16/09/2014
The Credit Suisse Hedge Fund Index finished up 0.88 per cent for the month of August with seven of the ten sub-strategies finishing the month in positive territory.
Managed futures led the way with a return of 5.02 per cent, followed by long/short equity (1.29 per cent), global macro (1.13 per cent) and multi strategy (0.83 per cent).
Dedicated short bias was the month’s biggest loser, down 3.13 per cent, while convertible arbitrage (-0.28 per cent) and equity market neutral (-0.02 per cent) also saw negative returns.
- 16/09/2014
The US Commodity Futures Trading Commission (CFTC) has fined Morgan Stanley Smith Barney, a CFTC-registered futures commission merchant, for improper supervision and records violations.
The CFTC order requires Morgan Stanley to pay a USD280,000 civil monetary penalty and to disgorge commissions it earned from the subject accounts in order to address its unlawful conduct.
Specifically, the CFTC order finds that Morgan Stanley failed to diligently supervise its officers’, employees’, and agents’ opening and handling of accounts held at Morgan Stanley in the name of a family of companies called SureInvestment.
SureInvestment purported to operate a hedge fund based
- 16/09/2014
Advent Capital Management has appointed Robert Gourlay as managing director and head of European business development.
Gourlay is based in Advent’s London office and reports to chief operating officer Kris Haber.
“Robert has a broad professional background well suited to driving Advent’s expanding international presence,” says Haber. “His collaborative approach to working both with investors and consultants over the past 20 years has established Robert as a business development leader. We welcome Robert’s experience and look forward to his contributions to the firm.”
For nearly 10 years, Gourlay led business development at RWC Partners (formerly MPC Investors), during
- 16/09/2014
Institutional investors performing due diligence on Asia-Pacific focused hedge funds may be best served homing in on long/short equity and macro strategies.
That's according to a recent report from Cambridge Associates, Investing in Asian Hedge Funds: Opportunities and Challenges, which notes that other strategies, like distressed credit and event-driven, may not pay off in Asian markets like they do elsewhere.
The report underscores the fact that investing in Asia-focused hedge funds requires a different framework than institutional investors typically use in other regions' markets.
"A hedge fund strategy that makes sense in Western European or American markets will
- 16/09/2014
Euronext open interest commodities exceeded one million lots on 11 September 2014 for the first time since the exchange separated from Liffe.
This represents a 16 per cent increase year on year.
Olivier Raevel, head of commodities at Euronext, says: “Following a strong performance in the first half of this year, we are delighted to see the traction in our commodities business continuing. This is just the first threshold that we are crossing, but we are confident that there is more growth to come from this underexploited business.”
Euronext’s commodities business includes a broad range of futures and
- 16/09/2014
- 16/09/2014
Eyemaxx Real Estate is issuing a corporate bond in the Entry Standard of the Frankfurt Stock Exchange.
The bond with the ISIN DE000A12T374 can be subscribed from 15 to 26 September 2014, subject to early termination of subscription.
It has an issue volume of up to EUR30 million, with a public offering and a swap offer for owners of the previous 7.875 Eyemaxx-III-bond of up to EUR15 million each.
The corporate bond runs until March 2020 and has a coupon rate of eight per cent. Its nominal denomination is EUR1,000. 


Trading is planned to commence on 30
- 15/09/2014
The Chicago Board Options Exchange (CBOE) and C2 Options Exchange are in discussions with the Financial Industry Regulatory Authority (FINRA) on a potential agreement for FINRA to provide certain regulatory services to their options markets.
Negotiations are ongoing, and there is no assurance of a final regulatory services agreement. If terms are reached, a regulatory services agreement could potentially be finalised within the next few months, after consultation with CBOE's regulator.
The potential regulatory services agreement is not expected to have a significant impact on CBOE's financial results.
"CBOE is committed to maintaining the highest standards in market
- 15/09/2014
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