Regulation

Companies eye impact of new bank regs on trade finance costs

Eighty per cent of the 300 financial officers from large European companies taking part in Greenwich Associates 2012 European Trade Finance Study — and nine out of 10 from companies in the FT 500 — expect pricing on trade finance products and services to increase as a result of the implementation of Basel III. »


Numbers and magnifying glass

Institutional investors active in CTA funds have more than doubled since 2008

There are now 713 global institutional investors with an active CTA portfolio, a significant increase on 2011 when the number stood at 504, and 2008 when just 331 had CTA funds in their holdings. »


Financial burden

Bespoke services can beat the cost of compliance, says Helvetic

Hedge funds are starting to feel the burden associated with increased industry regulation, particularly small funds which are being forced to shut-up-shop in light of the costs needed to adhere to regulatory compliance, according to Paula Smith, head of asset management at PwC in the UK. »


Stack of money

Hedge fund compensation rises on record industry assets

Hedge fund compensation rose in 2012 following a challenging environment in the prior year, as industry assets rose to a record level, according to HFR and Glocap’s 2013 Hedge Fund Compensation Report. »


Belinda Gibson, deputy chairman, ASIC

ASIC releases guidance on insolvency reforms

The Australian Securities and Investments Commission has released policy guidance on its power to wind up an abandoned company under new powers contained in the Corporations Act 2001. »


Steve Georgala, chief executive of Maitland

Maitland acquires Admiral Administration

Maitland, a provider of fund administration, multi-jurisdictional legal, tax, fiduciary and investment advisory services, has acquired Admiral Administration. »


Closed sign

Cantab Capital closes flagship strategy to new investors

Cantab Capital Partners, the systematic global macro manager, has closed its flagship CCP Quantitative strategy to new investors. »


Trader

New daily record in the Eurex KOSPI Product on 7 November

The Eurex KOSPI Product traded 352,562 contracts on 7 November 2012 – a new daily record since the June 2012 introduction of the 500,000 KRW contract multiplier. »


Clock

NYSE Euronext announces 2013 holiday calendar for European markets

NYSE Euronext has announced the 2013 holiday calendar and early closing dates for its European markets. »


Investments

Credit-orientated hedge fund strategies continue to dominate, says Lyxor

Nine Lyxor strategy indices out of 14 ended the month in positive territory, led by the Lyxor Long/Short Credit Arbitrage Index (+1.7 per cent), the Convertible Arbitrage Index (+0.5 per cent), and the Distressed Index (+0.6 per cent). »


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