Veritas Asset Management has implemented the latest version of Advent Portfolio Exchange (APX). An Advent client since 2006, Veritas has seen its assets grow from GBP1bn (USD1.5bn) to GBP9.4bn (USD14.8bn) in the time since it first implemented APX.
Schroders is to add another externally-managed fund to its Schroder GAIA platform, Schroder GAIA Avoca Credit – a fundamental credit long short strategy scheduled to launch in November 2013. Schroder GAIA (Global Alternative Investor Access) is Schroders’ alternative UCITS
Spectrum Global Fund Administration, one of the pioneers in carrying out elements of hedge fund administration in low-cost jurisdictions such as India, has decided to reverse tack, closing
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published an enhanced statement of policy principles. The principles are set out in a new AIMA paper, Regulating Capital Markets: AIMA’s Policy Principles. The paper builds
Hedgebay Trading has launched an electronic settlement service for the hedge fund secondary market. The new electronic functionality will be available on Hedgebay’s website and will assist in the settlement process. The service is expected to initially reduce
Hedge Connection, an internet-based research and networking platform for hedge funds and qualified investors, has provided an update on the progress of its hedge fund members following all
Christopher Lovgren has been appointed global head of loan syndication at Natixis in London. Lovgren will report to Alain Gallois, global head of the debt platform and fixed-income and treasury sales, and locally to Olivier Allard, head of capital
The convergence between hedge fund and equity market returns, combined with inconsistencies in hedge fund classification, could cause widespread confusion on how such funds should be used
The US Commodity Futures Trading Commission (CFTC) has brought and settled charges against ICAP Europe Limited for manipulation and attempted manipulation of the London Interbank Offered Rate (LIBOR) for Yen. LIBOR is a critical benchmark interest rate used throughout the
The international derivatives exchange Eurex has reported that trading volumes last month totalled 156 million contracts, down from 174 million in the same month of 2006, but total trading
