European politicians may want greater transparency but by pushing all equity market order flow onto traditional primary “lit” exchanges, they may well risk harming the pension funds and retail investors they want to protect due to poor trade execution.
AKJ, an independent brokerage and software group serving the institutional and hedge fund industries, has appointed Tom Mackay as general counsel. Mackay has provided legal consultancy to AKJ for more than 12 years, but with the formation of AKJ
Eurex, the international derivatives exchange, saw a turnover of approximately 172 million contracts in November, an increase of 32 per cent compared with November 2006 (130 million contra
The Alternative Investment Management Association has published its revised Guide to Sound Practices for European Hedge Fund Managers, first issued in 2002, which examines various practica
Lehman Brothers is to establish a floor-based market-making firm on the trading floor of the New York Stock Exchange by acquiring certain assets related to the operations of Van der Moolen
Seven Capital Management has become one of the first French asset management companies to be granted AIFM approval by the AMF board. Seven has also received the AIFM “Asset Management” passport, allowing it to directly manage a Luxembourg alternative
Delman SA, a Geneva-based company specialising in the creation and the delegation of managed funds, has launched the DM Swiss Equity Asymmetric Fund, which uses a 100/30 structure.
SYZ Asset Management, the institutional asset management arm of the Swiss banking Group SYZ & Co, has appointed Ian Penrose as distribution director for the UK. Penrose, who will be responsible for promoting SYZ Asset Management’s (SYZ AM) capabilities,
CACEIS, a leading player in institutional securities services, has completed its acquisi
UBS Global Asset Management has appointed Rick Nardis as deputy chief investment officer to Alternative Investment Solutions, a key multi-manager provider within the UBS alternative and qu
