Wednesday’s outage at the Singapore Exchange (SGX), which disrupted trading activity for several hours, was caused by a malfunction in the uninterruptible power supply (UPS) systems deployed at the SGX data centre. Power is supplied to the data centre from
BlueBay Asset Management, a specialist manager of fixed income and alternative investments, has opened an office in Zurich, Switzerland. The new office allows BlueBay to leverage and expand existing client and strategic relationships as well as highlight BlueBay’s full capabilities
BNY Mellon has been appointed trustee and portfolio administrator for Avoca CLO XII Limited, a EUR415 million collateralised loan obligation (CLO) launched by KKR. BNY Mellon will also act as account bank, custodian, registrar and paying agent for the CLO.
ConvergEx Group, a provider of global brokerage and trading-related services, has launched a service to help hedge funds and mutual fund companies manage liquid alternatives. Liquid alternatives are investment products that feature an alternative strategy that has been packaged into
Just 18 months after starting development work, Clearstream and Standard Chartered Bank have now implemented a collateral management service for Singapore. From 17 November onwards, mutual customers will be able to consolidate their assets held across both institutions into one
William Haney is transitioning to the role of chief executive officer at BI-SAM on 1 January from his current role as chief operating officer and head of the firm’s enterprise business. BI-SAM provides performance measurement and attribution, risk analytics and
The Chicago Board Options Exchange (CBOE) has launched the CBOE Mobile options application for iPhone and iPad users. The app features a variety of basic to advanced educational courses specifically developed for mobile application by The Options Institute, CBOE's educational
Highland Capital Management has appointed Carla Martin as managing director of national accounts for the independent broker dealer channel for Highland Capital Funds Distributor. Martin will report to Brad Ross, president of Highland Capital Funds Distributor. Martin, together with
By Gene Ekster – Some historians note that in the 50’s Sam Walton, the founder of Wal-Mart, would get into his silver 75hp two-seater airplane and take to the skies to count cars in parking lots with the aim of
Hedge360’s Risk Reporting Service, as part of the platform’s managed service offering, equips managers with the tools needed to manage and effectively report risk to an institutional standard. Laurence Wormald identifies this growing level of institutionalisation, coupled with regulatory requirements,
