One of the key requirements under the Swiss Collective Investment Schemes Act (CISA) is for all foreign fund providers to appoint a Swiss legal representative and paying agent, even for those funds distributed to qualified investors only. The transition period
As institutions in the UK and Continental Europe picked up the pace of their hedging activity last year, European markets for highly liquid flow equity derivatives products expanded, according to the results of Greenwich Associates’ 2009 European Equity Derivatives Investors
Prime Source, NYSE Euronext’s independent asset valuation service, has added Evolution Securities as a closing price contributor to its service. Evolution Securities is a UK independent investment bank and subsidiary of The Evolution Group, a FTSE 250 UK-based investment bank
Right now, hedge fund managers are busy preparing for life as authorised entities under FINMA, the Swiss financial regulator. They have until 1 March 2015 to get their house in order and complete the authorisation process. Under the revised Collective
Dow Jones Indexes and UBS Investment Bank have published the new target weightings for the Dow Jones-UBS Commodity Index that will become effective in early January 2010. The commodities with the highest target weights are crude oil (14.3 per cent),
A new global survey commissioned by State Street, which polled the views of 235 hedge fund professionals, reveals strong optimism within the industry. The findings show that respondents (55 percent) expect pension funds to increase their exposure to hedge fund
Man Investments and Credit Suisse have launched a managed accounts initiative in response to investors’ increased demands for transparency, liquidity and control. The new initiative brings together Man’s managed accounts platform and portfolio management expertise with access to Credit
Market abuse is expected to be one of the primary focuses of regulators in the coming year, according to a global survey of nearly 300 finance professionals conducted by Kinetic Partners. Regarding what respondents believed the priority for regulators would
Altin, the London and Swiss-listed fund of hedge funds, has reported an increase in net asset value of 11.16 per cent in the year to 28 October 2009. Its shares are up 24 per cent in the year to 22
According to the Bank for International Settlements (BIS), the notional amount of outstanding OTC contracts, as of June 2010, was USD582trillion, representing a gross market value of USD25trillion. The OTC market has historically been largely opaque, but things are changing.
