GFI Group has launched a tax receivables desk, providing brokerage services in the secondary market for all forms of tax receivables. The desk provides tax lien investors with liquidity enhancement through market knowledge, access to a range of potential counterparties
Marshall Bailey, President, ACI – The Financial Markets Association, comments in response to proposals by UK Chancellor George Osborne to reform the foreign exchange market… George Osbourne’s leadership is very welcome and this is the right direction to restore the reputation of the
The Lyxor Hedge Fund Index recorded a positive performance of 0.33 per cent in February 2010. The top performing strategies over the month were fixed income arbitrage (2.09 per cent), CTAs long term (1.35 per cent), and credit strategies (0.67
Recent indications of growth in the Channel Islands funds sector are rooted in alternative investments, bespoke closed-ended funds and confidence in the islands as reliable jurisdictions, say practitioners – and there are signs that further expansion is in prospect. According
Geoff Cook (pictured), chief executive of Jersey Finance, argues that international financial centres such as Jersey, which are well regulated and have demonstrated their co-operation in efforts to curb tax evasion, are not part of the problems that led to
The widespread use of Ucits by the hedge fund industry is gaining momentum, said fund managers at a seminar hosted by the Irish Funds Industry Association on behalf of the funds industry in Ireland. Over 400 investment management professionals, influencers
Direct Access Partners, an institutional agency-only brokerage firm, is expanding its service offering with the addition of global prime services. This multi-prime brokerage will provide a single point of contact for both back-office operations and technology. Global prime services allows
The number of new hedge fund launches increased in the fourth quarter of 2009 even as the pace of liquidations continued to decline, according to data from Hedge Fund Research. During Q4 2009, an estimated 230 funds launched while 165
Newedge, a provider of multi-asset brokerage and clearing services, is reorganising its global business line structure. Newedge says the new structure better reflects the new global market environment and allows for a more efficient response to client needs. This global
NYSE Euronext has sold a significant minority ownership stake in its US futures exchange, NYSE Liffe US, to six firms: Citadel Securities, DRW Ventures, Getco, Goldman Sachs, Morgan Stanley, and UBS. NYSE Euronext will continue to be the largest shareholder
