Bill Stone, chairman and chief executive officer, SS&C Technologies

SS&C acquires Gravity Financial

SS&C Technologies, a provider of financial services software and software-enabled services, has acquired full-service fund administrator Gravity Financial. »


Barred

FSA bans Swiss fund manager and two former Cantor Fitzgerald traders for market abuse

The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority to fine Stefan Chaligné, a Swiss-based hedge fund manager, GBP900,000 plus disgorgement of the financial benefit he obtained of EUR362,950 and Patrick Sejean, a former senior salesman on Cantor Fitzgerald Europe’s (CFE) London-based French desk, GBP650,000. »


Conference room

Edhec-Risk Institute and CFA Institute offer Advances in Equity Portfolio Construction seminar

Edhec-Risk Institute and CFA Institute are reinforcing their executive education partnership (initiated in 2008 with the Advances in Asset Allocation Seminar) by offering the Advances in Equity Portfolio Construction Seminar. »


Henry Smith, Maples and Calder

Maples and Calder global managing partner appointed to AIMA Council

Maples and Calder’s global managing partner, Henry Smith, has been appointed to the global Council of the Alternative Investment Management Association (AIMA) following a membership vote at the association's AGM in London on 20 September. »


Commodities

CFTC charges Eric Schmickle and Q Wealth Management over USD5.3m commodity futures fraud

The US Commodity Futures Trading Commission has filed a civil enforcement action against Wisconsin resident Eric N Schmickle and his company, Q Wealth Management. »


Xetra trading

Xetra Bonds to offer continuous trading for bonds

With effect from 1 October, bond trading on Xetra will be expanded to include over 2,000 international government and corporate bonds and 60 German government bonds. »


Form signing

Pacific Fund Systems launches automated Form PF solution

Pacific Fund Systems has included an automated Form PF solution in the latest release of its PFS-PAXUS fund accounting and share registry software platform. »


Kathleen Casey, non-executive chairman, AIMA

AIMA forms new global governing council

The Alternative Investment Management Association, the global hedge fund industry association, has formed a new AIMA Council, its board of directors. »


Kerstin Cooley, senior product manager, hedge funds at SEB

SEB Dynamic Manager Alpha fund available via Ucits format

SEB’s Dynamic Manager Alpha fund is now accessible to retail investors via a new Ucits format. »


Globe

Young money managers launch hedge fund focused on macro global events

Lumina Investments, founded and managed by three North Carolina college students, has opened its first hedge fund that seeks to capitalise on the growing influence of "macro events" on the behaviour of global financial markets. »


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