Steven Maijoor, ESMA chair

ESMA publishes MiFID guidelines to enhance investor protection

The European Securities and Markets Authority has published two final sets of guidelines aimed at enhancing the protection of investors in the EU.  »


People shaking hands

HedgeMark adds three senior professionals

HedgeMark International has added three senior professionals to its business development and marketing teams. »


Fund administration

AIP-Kingsmont awarded new fund mandate

Alternative Investment Partners, AIP-Kingsmont Fund I and Kingsmont Investment Management, have been awarded a new mandate and have become the new general partner and portfolio manager for a hedge fund. »


Metin Kilci, undersecretary for the Turkish Ministry of Energy and Natural Resources

EEX and TEİAŞ to cooperate on establishment of Turkish Energy Exchange

The European Energy Exchange and TEIAŞ, the Turkish Electricity Transmission Company, have signed a memorandum of understanding for a co-operation on the establishment of an organised energy market. »


Graph

Credit Suisse LAB Index Up 1.40 per cent in June

The Credit Suisse LAB Index was up 1.40 per cent in June, according to Dr. Jordan Drachman, head of research for alternative beta strategies at Credit Suisse. »


Handshake with globe

HSBC appoints prime services sales head, Americas

HSBC has appointed Paul Busby as head of prime services sales, Americas, with immediate effect. »


Research

Consolidation in European funds of hedge funds needed but difficult, says Fitch

Fitch Ratings says the recent wave of consolidation in the hedge funds industry leaves just a handful of candidates for large scale acquisitions. »


Peter Cockhill, Ogier

Cayman Court upholds restructuring arrangements and delineation of legal and beneficial interests

The Grand Court of the Cayman Islands last week handed down judgment in the closely followed case of Medley Opportunity Fund Ltd v Fintan Master Fund Ltd and Nautical Nominees Limited, says Peter Cockhill and Rachael Reynolds of Ogier. »


Closed sign

Xenfin to close FX fund

Xenfin is to close its FX fund after three and a half years of trading and return all funds to investors. »


Gunilla Forsmark Karlsson, chief executive for Länsförsäkringar’s unit linked business

SLI’s GARS secures EUR30m sales in five months

Standard Life Investments’ distribution partnership with Länsförsäkringar has secured over EUR30m sales in the first five months. »


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