Investment funds across the EU who are challenging unlawful application of withholding taxes levied on dividends can expect refunds of millions of euros following Norway’s decision to refund withholding taxes to a Luxembourg Sicav, according to PricewaterhouseCoopers. In June 2009
The Commodity Futures Trading Commission’s acting chairman Mark Wetjen and commissioner Scott O’Malia have announced three actions to benefit utility special entities, further consider certain hedging practices for commercial market participants, and promote end-user trading on swap execution facilities (SEFs)
Altegris, a provider of alternative investments, has expanded its senior management team serving its client base of wealth management professionals. Kirk Strawn, formerly director of intermediary sales at Man Investments, joins Altegris as national director of strategic relationships, to focus
Newedge has made several new appointments to its Prime Brokerage Origination & Structuring team in New York and Hong Kong. Alastair Sclater joins Newedge Prime Brokerage as Regional Head of Origination & Structuring APAC. Based in Hong Kong, Sclater will
Market participants in Asia and Europe see the development of offshore centres in Europe as having a key impact on the global liquidity of China’s trading currency, the renminbi (RMB), according to a study by Aite Group. The report –
Hedge funds posted their second consecutive month of negative returns in April with the Eurekahedge Hedge Fund Index down 0.15 per cent as global markets continued to falter amid a sluggish start to the year. On a year-to-date basis, hedge funds are
The joint venture between CLS Group and Traiana, an Icap company, to provide trade aggregation services to participants active in the over-the-counter FX market has gone live. The service, known as CLSAS, aims to reduce operational risk, lower post trade
Total volume in NYSE Liffe’s AEX-index daily and weekly options has now passed 20 million contracts. Designed with short-term trading strategies in mind, the contracts were launched in March 2008 and May 2006 respectively and are traded on the Amsterdam
Calastone has implemented its Proquote connection, providing real-time market data coverage of the global markets with integrated trading supporting a number of exchange venues. The connection with Proquote, which is owned by the London Stock Exchange, has already seen Investec
Northern Lights Capital Group and WHV Investment Management have invested in EAM Investors, a California-based manager which focuses on small and micro-cap equities. Northern Lights and WHV will be teaming up with EAM to grow its international business, consisting of
