Neeraj Sahai, global head of securities and fund services, Citi

Citi launches collateral management services unit

Citi has launched a collateral management services unit within its securities and fund services business.  »


Ponzi scheme

CFTC files anti-fraud action against Shalhoub for futures Ponzi scheme

The US Commodity Futures Trading Commission has charged Jeffrey Shalhoub of Staten Island, New York, and his company, Jeff Shalhoub Investments of Long Island City, New York, with operating a commodity futures Ponzi scheme. »


Andrew Baker, chief executive of Aima

Ecofin proposals on alternatives directive impractical, says Aima

The Alternative Investment Management Association says it is concerned that many of the proposals in the texts of the Alternative Investment Fund Managers Directive discussed by the European Parliament’s Economic and Monetary Affairs Committee and European finance ministers at the Ecofin meeting are impractical and unworkable. »


Cobalt

Cash trading in minor metals starts on the London Metal Exchange

Cash trading in molybdenum and cobalt began on the London Metal Exchange on Wednesday, ahead of the first prompt date of 21 May. »


Volatility

Patterns emerge on Hedgebay as secondary market continues to fluctuate

The average price for assets on the secondary hedge fund market has risen again to 91 per cent of net asset value, according to Hedgebay’s April index, continuing the volatile trend seen since the start of the year. »


Law books and gavel

KPMG challenges ASIC's action for Westpoint investors

The Australian Securities and Investments Commission says it will vigorously defend the constitutional challenge that accounting firm KPMG has initiated in the High Court of Australia against the Commonwealth of Australia and ASIC. »


Electronic trading floor

Alternative trading systems more popular post-Mifid

As much as 22 per cent of total European equity volume is now executed through alternative trading systems, most of which are registered as multilateral trading facilities. »


Market

NYSE Euronext welcomes SEC decision on single-stock circuit breakers

NYSE Euronext has welcomed the Securities and Exchange Commission’s move to gain the agreement of exchanges and trading venues on the implementation of industry-wide single-stock circuit breakers.  »


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

GlobalBridge selects SS&C's wealth platform

GlobalBridge, a provider of unified managed account and separately managed account programmes for trust banks and other non-bank advisers, has selected SS&C Technologies’ UMA technology solution. »


Traders

Canadian hedge funds rise by 1.02 per cent in April

The Scotia Capital Canadian Hedge Fund Performance Index finished April 2010 up 1.02 per cent on an asset weighted basis and up 0.68 per cent on an equal weighted basis. »


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