The Commodity Futures Trading Commission’s division of clearing and Risk (DCR) has issued a time limited no-action letter for LCH.Clearnet and its clearing members. The letter states that DCR will not recommend that the Commission take enforcement action against
BlueMountain Capital Management has launched a new hedge fund, the Correlation Relative Value II Fund, designed to capitalise on opportunities in structured corporate credit markets.
GH Financials Group (GHF), an independent clearing firm for exchange-traded derivatives, has appointed Mark Ibbotson as group chief executive officer, effective 7 October. Based in the London headquarters, Ibbotson (pictured) will be leading the growth and expansion of the
GlobeOp Financial Services is launching its GoOTC package, previously only available as part of the fund services group’s integrated middle- and back-office service, as a standalone outsou
Baring Asset Management has launched its fifth long/short equity hedge fund, the Baring Emerging Markets Absolute Return Fund, with USD20m in assets under management.
Napier Park Global Capital, an alternative asset management firm, has expanded its business operations into the United Arab Emirates and is opening an office at the Dubai International Financial Centre. Napier Park will now have offices in New York,
Derivatives volumes at Singapore Exchange (SGX) increased in August compared with the previous year, with total futures and options volume up 32 per cent to 8.6 million contracts. Year-on-year, China A50 Index Futures volume more than doubled to 1.8
Lindeata has strengthened its real-time hedge fund portfolio management offering with new intelligent data visualisation and portfolio monitoring via Linedata Global Hedge. Hedge funds globally are challenged with navigating global regulations, meeting and managing investor expectations, and their own
Merlin Securities, a US broker-dealer specialising in technology-driven prime brokerage services, has received a USD20m investment from leading Silicon Valley venture capital firm Sequoia
Global Markets Exchange Group (GMEX), a new exchange focused on the launch of differentiated interest rate swap futures, has made a number of key board appointments. Lamon Rutten (pictured) has been appointed as non-executive chairman. Rutten was formerly managing
