The Credit Suisse Hedge Fund Index finished up 0.60% for the month of March, with half of the ten sub-strategies finishing the month in positive territory. Managed Futures led the way with a return of 2.40%, followed by Global Macro
BATS Global Markets (BATS) has filed rules to launch a second options exchange – EDGX Options – with the Securities and Exchange Commission (SEC). BATS is planning to launch the new exchange in November 2015, pending SEC approval. EDGX Options
The UK Financial Services Authority has approved Xtrakter to regulatory report exchange-traded derivatives using alternative instrument identifiers. The approval was awarded to Xtrakter after it successfully completed an FSA review and a period of extensive testing. As an approved reporting
The Trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), is seeking the release of USD1.249 billion out of a total USD1.499 billion being held in reserve under a September 2012 Bankruptcy Court order. A hearing has been
International equity asset manager Sloane Robinson has made a strategic commitment to the North American marketplace with the hire of Rob Pino as Head of North American Business Development. Pino will be based in the US with a focus upon
The Commodity Futures Trading Commission has issued an order granting ICE Clear Europe registration as a derivatives clearing organisation pursuant to Section 5b(b) of the Commodity Exchange Act. ICE Clear Europe is a private limited company organised under the laws
Omgeo has launched new global custodian and prime broker automation capabilities in Omgeo ALERT, the online global database for the maintenance and communication of account information and SSIs. The release, ALERT 5.0, includes the Global Custodian Direct feature, which enables
Global advisory, fund administration and fiduciary services firm Maitland has acquired 100 per cent of Phoenix Fund Services, a UK based company offering bespoke outsourced fund administration services to investment managers in the UK and offshore. The deal boosts Maitland’s
Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has launched Pilot, its latest compliance software solution. Pilot, a first of its kind cloud-based corporate workflow management tool, is designed to manage complex compliance
Pacific Fund Systems (PFS) has released a new version of its web portal, PFS-CONNECT, which now enables existing investors, their agents and employees to place fund transaction orders online. The online order types supported are subscriptions, redemptions and switch
