Trader at computer

SS&C launches GoTrade+

SS&C Technologies, a provider of financial services software and software-enabled services, has launched GoTrade+, a flexible middle-office service for complex investment portfolios. »


Up arrow

Dow Jones Credit Suisse Hedge Fund Index up 1.04 per cent in September

The Dow Jones Credit Suisse Hedge Fund Index finished up 1.04 per cent for the month of September. »


Managed futures

Barclay CTA Index down 0.69 per cent in September

Managed futures lost 0.69 per cent in September, according to the Barclay CTA Index compiled by BarclayHedge. »


Jay Feuerstein, 2100 Xenon Group

2100 Xenon management team to acquire equity interest held by OMAM

2100 Xenon Group, an affiliate of Old Mutual Asset Management (OMAM), is to acquire the majority ownership interest in its business from its parent company OMAM. »


Florian de Sigy, founder of Gamma Finance

Real asset investors look to hedge funds for supply, says Gamma Finance

Gamma Finance, a provider of advisory services to the alternative investment sector, has been awarded advisory mandates of USD500m by clients seeking to optimise exits from a diverse range of lower-liquidity assets, including real estate and private equity positions. »


Gold bars

Official gold estimates are GBP560m too high, says James Turk

James Turk, an authority on precious metals, has published a report for the GoldMoney Foundation saying the Thomson Reuters GFMS official figure for the world’s total supply of above ground gold overestimates the stock by 16,032 tonnes, equating to GBP560bn (USD900bn) worth of the precious metal at today’s price. »


Law books and gavel

ASIC challenges Wellington Capital’s distribution of ARL shares

The Australian Securities and Investments Commission has started proceedings in the Federal Court in Sydney challenging whether Wellington Capital is legally able to distribute shares, as opposed to cash, to the unit holders in the Premium Income Fund (PIF). »


Letter

CFTC provides registration no-action relief for certain swaps intermediaries

The Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight (DSIO) has issued a no-action letter to provide relief from registration for various swaps intermediaries until 31 December 2012.  »


New York

Maples Fund Services expands US business

Maples Fund Services has expanded its US operations with the hire of Megan Corcoran as director of business development, Americas. »


Index

GlobeOp Hedge Fund Performance Index up 1.11 per cent in September

The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2012 measured 1.11 per cent. »


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