The total value of funds business in Guernsey grew by GBP711m (0.3 per cent) during the second quarter of the year. New figures from the Guernsey Financial Services Commission (GFSC) show that the second quarter increase has built on the
BATS Global Markets (BATS) has reported a 20.7% US equities market share in April, up from 10.9% a year ago. BATS Options, meanwhile has reported 4.2% market share, up from 4.0% one year ago. Separately, BATS Options is the lead
SIX Swiss Exchange and SmartPool intend to deliver Swiss Block, the non-displayed liquidity service for Swiss blue-chip equities. Swiss Block, formerly powered by Nyfix Euro Millennium, is owned and operated by SIX Swiss Exchange. Following the recent acquisition of Nyfix
A new Association has been launched this month in Jersey, Channel Islands, specifically focused on the requirements of company directors and officers operating in the island. The Jersey Association of Directors & Officers (JADO) has been launched in response to
The former co-heads of the reinsurance and risk-linked securities team of Stark Investments, a multi-strategy hedge fund, have spun off to launch an independent investment manager focused on collateralized natural event reinsurance. The Chicago-based investment manager is named Elementum Advisors
Blackrock Alternative Investors espoused the virtues of alternative investments and the diversifying role they can play in institutional client portfolios in a May 25 presentation entitled: The role of alternatives in institutional client portfolios. The three speakers included: Matthew Botein
By James Tinworth (pictured), partner in the hedge funds practice, Stephenson Harwood – Whilst there are many challenges posed by the EU’s directive on alternative investment fund managers (AIFMD), the ones that everyone seems to focus on are those regarding
State Street is expanding its global fund administration and alternative servicing capabilities with an agreement to acquire Mourant International Finance Administration in a cash transaction. Pending regulatory approvals and other closing conditions, the transaction is expected to close in the
As institutional investors increasingly look for sources of alpha outside of traditional asset classes, the benefits of alternative investments are coming to the fore, according to BlackRock. Interest rates are currently low but investors are concerned about the potential for
Parus Capital, a Moscow-based investment manager, has selected LaCrosse Global Fund Services’ LaCrosseAdmin+ and LaCrosseMBO+ offerings for daily fund administration and a post-trade outsourcing solution. Launched in October 2009, the Parus Capital Opportunity Fund is an open-end investment fund incorporated
