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Simon Hookway MAG Consulting

Managed accounts – the Newcits solution

 Hedge fund managers were never going to stay away from new distribution channels for long, especially ones with the promise of onshore distribution – historically the area they had been »

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Regulatory upheavals prompt alternative Ucits boom

 There are questions about their suitability for retail investment, their ability to deliver long-term performance has yet to be proven, and Europe’s regulators could yet seek to rein in »

European parliament building

Critics question long-term appeal of ‘Newcits’ funds

 Even as the growth of ‘Newcits’ funds in the marketplace accelerates, concern has been growing about their limitations and potential dangers. »

Ronan Daly, chairman of Centaur

Scipion appoints Centaur Fund Services for fund administration

Scipion Capital, a frontier market investment firm, has appointed alternative investment firm Centaur Fund Services to take over the fund administration requirements for its range of funds. »

Greg Lee, head of Deutsche Bank Autobahn Equity Asia

Deutsche Bank launches SuperX algorithm for dark pool trading in Hong Kong

Deutsche Bank has this week launched a dark liquidity-seeking algorithm, SuperX »

Hong Kong at night

Value Partners’ profits fall 21 per cent YoY for 1H10

Hong Kong-based Value Partners Group, recently voted Asia’s leading hedge fund with USD5,654 million in AuM, has an »

Robert Dykes, CEO, Tora

Tora report reveals large algorithmic slippage in Singapore

Tora, the Asia-focused market leading provider of advanced trading, technology and liquidity services, has this week released a Transaction Performance Analysis report. »

Blair Pickerell, Nikko AM, Head of Asia and Global Chief Marketing Officer

Nikko AM hires Blair Pickerell as Head of Asia in new Hong Kong office

Tokyo headquartered Nikko Asset Management, one of Japan’s leading asset management firms, announced on Wednesday the appointment of Blair Pickerell »

Reliance Industries, Chairman, Mukesh Ambani

India’s Reliance Industries in infrastructure hedge fund talks with DE Shaw

Mumbai-based Reliance Industries, India’s largest private sector company, is understood to be engaged in talks with »

Handshake with globe

Asia people moves

Hiromichi Otsu (ex-Bear Stearns AM, Commerz, Russell, Nikko AM) has joined AXA Rosenberg Investment Management in Tokyo a »

Todd Groome, chairman of Aima

Aima to engage with US authorities on Dodd-Frank Act implementation

The Alternative Investment Management Association is to engage with US policymakers and supervisors over the implementation of the Dodd-Frank Act.  »

Shawn McLoughlin, chief executive of Ticonderoga

Ticonderoga forms partnership with Shenyin Wanguo Securities

Ticonderoga Securities, an institutional broker dealer, has formed an exclusive partnership with Shenyin Wanguo Securities (H.K.), one of the largest securities houses in China, to provide research and execution services to Ticonderoga’s US-based institutional clients. »

Hong Kong

Hong Kong members gain direct access to NYSE Liffe

NYSE Liffe, the Europe-based derivatives business of NYSE Euronext, has received regulatory approval from the Hong Kong Securities and Futures Commission to provide automated trading services in Hong Kong. »

Risk

S&P expands range of risk control indices

Standard & Poor’s is extending its range of risk control indices with the launch of two risk control index series.  »

Auction

Dutch allocation auctions to be held on 14 October and 18 November

The Dutch Ministries of Housing, Spatial Planning and the Environment and Economic Affairs intend to auction four million EU emission allowances on Climex in two consecutive auctions, which are scheduled for 14 October and 18 November 2010. »

Bruce W. Madding, president and chief investment officer, C.M. Capital

C.M. Capital appoints Bruce W. Madding as president

C.M. Capital has appointed finance and investment veteran Bruce W. Madding as president and chief investment officer. »

Trader at screen

SEI to provide collateral management solution for OTC derivatives

SEI has expanded its middle office outsourcing services to include collateral management for over-the-counter derivatives. »

Handshake with globe

Luke Ellis to head Man’s multi-manager business

Man has appointed Luke Ellis as head of its multi-manager business. »

Traders

Illiquid trading dominates as secondary market awaits locked up funds

Hedgebay’s monthly secondary market index continued its general trend of recent months with near-par trading, deals at around 100 per cent of NAV, once again in short supply. »

Document and pen

Chi-X Europe receives offer enquiry from third party

Chi-X Europe, the pan-European equities exchange, has received an enquiry from a third party which may or may not lead to an offer for the whole or partial sale of the company. »