The US Commodity Futures Trading Commission (CFTC) has issued an order requiring Morgan Stanley & Co to pay a USD300,000 civil monetary penalty for failing to hold sufficient US Dollars in segregated accounts in the United States to meet all
Institutional asset owners recorded a median gain of 0.2 per cent in Q2, according to Northern Trust Universe data. This marks a drop from the 4 per cent median gain in the second quarter last year and 2.3 per cent
Ruta Ziverte has joined Oppenheimer Funds as a senior portfolio manager in the newly formed Multi-Sector Fixed Income team, reporting to Michael Mata (pictured), head of the new Multi-Sector Fixed Income team, which looks across global debt markets for attractive
FIX Trading Community, the non-profit, industry-driven financial trading standards body, has formed six new subgroups focused on MiFID II regulation for the industry to collaborate on the most critical issues in this time of regulatory change. In May 2015, the
Following further increases in R/QFII allocations and improvements in the R/QFII application process, FTSE has begun its transition to include China A Shares in its widely followed global benchmarks with the launch of two transitional indexes for Emerging Markets. The
All lights turned green for Hedge funds after a difficult start to the month. All strategies ended the week in the black pushing the Lyxor Hedge Fund index higher, however, the index remains negative at -0.2 per cent month to
Irish accountancy firm MKO is joining with US accountancy firm, EisnerAmper, to form a new global network called EisnerAmper Global. MKO will now trade under the brand of EisnerAmper Ireland. Alistair MacDonald, managing partner of EisnerAmper Ireland, believes the firm
Kintore, the new investment system based on gold from Insch has seen a return of 11.5 per cent in its first month of trading client capital. Insch Kintore is entirely algorithmic and the company says that ‘for reasons of
iPass Inc has reached an agreement with Maguire Asset Management, Francis Capital Management, Foxhill Opportunity Fund. and their respective affiliates and nominees, over the composition of the iPass Board of Directors. iPass will appoint Damien Park, Richard Karp and Brent
American Capital is to launch American Capital CLO Fund I, LP, a new USD450 million fund focused on investing in equity tranches of collateralised loan obligations (CLOs). Closing of the Fund is expected to occur within 90 days and is
