Northern Trust has announced that Dan Houlihan has joined as global head of product and strategy for the investment operations outsourcing business.
The US Commodity Futures Trading Commission has obtained a federal court order in Santa Ana, California, against Mission Viejo-based investment firm Safevest and its owners and officers, J
The regulatory powers on both sides of the Atlantic are proposing sweeping changes to broaden oversight in the financial system.
Custom House Global Fund Services, a provider of financial services to the alternative investment sector, has opened a New York office and expanded its business development team. Custom House now has seven global locations, over USD40bn of assets under administration
Augustus Asset Managers, the London-based specialist fixed-income and currency asset management firm that won its independence from Julius Baer in January, has appointed Gary Droscoski to
NYSE Euronext’s global derivatives average daily volume (ADV) of 8.8 million contracts in June 2011 represents an increase of 8.0% versus the prior year driven by a 19.7% increase in US options ADV and a 14.3% increase in European fixed
Quintillion Limited has launched a web based approval method for their clients’ net asset values via their reporting portal. While Quintillion already facilitated publishing of NAV reporting directly to the web portal for client review, the NAV sign-off application now
Morgan Stanley has been selected by BlackRock to serve as one of its primary clearing brokers for over-the-counter (OTC) derivatives transactions. Morgan Stanley acted as BlackRock’s clearing broker for its first live production transactions. “We believe that OTC clearing can
Although last year was one to forget for Asian hedge funds, in particular long/short equity managers who ended the year down nearly 14 per cent, things have started to take on a more positive hue i
Troubled hedge fund Absolute Capital Management has closed one of its hedge funds and its office in Mallorca as poor performance and a big loss for the year cast a shadow over the firm’s e
