BNY Mellon is to begin allowing futures commission merchants (FCMs) to post a wide range of collateral, including corporate bonds, for futures and cleared swaps margins at CME Clearing. FCMs can post the collateral via the CME IEF4 program using
Para Advisors, an event-driven hedge fund manager with approximately USD200 million of assets under management, has expanded its relationship with Maples Fund Services to include administration for the firm’s onshore funds. Maples Fund Services has served as administrator for Para’s
The Securities and Exchange Commission has charged Goldman, Sachs & Co over a lack of adequate policies and procedures to address the risk that during weekly “huddles,” the firm’s analysts could share material, nonpublic information about upcoming research changes. Huddles
Castlestone anticipates a 40 per cent rise in art prices to be realised over the next 24 months, as the art market continues to pick up from recent lows seen in Q2 2009. Castlestone says the equities rally not only
Over March all hedge fund strategies except equity market neutral (-0.02 per cent), fixed income arbitrage (-0.10 per cent) and option arbitrage (-0.06 per cent) finished the month in positive territory, with the Lipper Hedge Fund Composite Index returning a
March 2010 was the best month in the last ten for hedge funds and pushed the HFN Hedge Fund Aggregate Index to a new peak, surpassing the prior peak level set in October 2007. Performance was strong in March and
The Conifer Group has completed a corporate reorganisation that results in a separation of the broker/dealer and fund administration businesses. United under The Conifer Group, the affiliated entities are Conifer Fund Services and Conifer Securities. The Conifer Group is
Investors are demonstrating growing belief in a robust global recovery and have painted a picture of an ideal investment environment, according to the BofA Merrill Lynch survey of fund managers for April. Belief in macro economic growth has intensified. The
As a result of Kenmar Global Investment Management (UK) being authorised to conduct investment business by the UK Financial Services Authority, the firm is moving forward with its global marketing plan for its Signature Advisors business. Kenmar UK was established
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up 2.09 per cent in March, the highest return since November 2009. Managed futures was the best performing sector in the period, returning an estimated 4.84 per cent in
