Scotia Capital may be a relative newcomer to the global prime brokerage market, and although the global corporate and investment banking and capital markets arm of the Scotiabank Group pro
London-listed hedge fund manager Absolute Capital Management has unveiled plans to spin off its emerging market credit fund business, Argo Capital, as an independent entity.
RBC Capital Markets has reported that the RBC Hedge 250 Index declined by an estimated 5.40 per cent in October, bringing the index’s fall over the first 10 months of the year to 18.20 per
Nirvana Solutions, provider of a real-time portfolio management system for multi-prime hedge funds, prime brokers and fund administrators, has been selected by Saratoga Prime Services t
The US Securities and Exchange Commission has issued a new Guidance Update – “Private Funds and the Application of the Custody Rule to Special Purpose Vehicles and Escrows.” According to Cordium, this regulatory update is relevant to certain registered investment
SuMi TRUST Global Asset Services, a provider of operational and administration support services to institutional asset managers, announced this week that it had completed the enhancement of its Asian business. This is in line with the organisation’s ambition to focus on
The London Metal Exchange (LME) saw encouraging volumes in LMEswaps trading since launching the contracts on 23 January 2012. A total of 2,400 lots traded, of which 2,368 were in aluminium, 30 in copper and two in nickel. LMEswaps
TriOptima has launched a UTI (Unique Trade ID) pairing functionality to assist firms preparing for the European trade repository reporting effective February 2014. The service accommodates paper-confirmed trades and foreign exchange (FX) trades without a common match ID. EMIR
SS&C GlobeOp has obtained Financial Conduct Authority (FCA) approval for its Depositary “Lite" service offering. The recently launched service helps managers of non-EEA AIFs in fulfilling their Alternative Investment Fund Manager Directive (AIFMD) requirements. SS&C will help managers comply
NYSE Euronext and Bids Holdings have announced the launch of their joint venture, the New York Block Exchange, a platform designed to maximize access to liquidity and improve execution
