Since the Approved Manager Regulations were implemented in the BVI in 2012, smaller managers seeking a more simplified approval process and lighter touch regulatory framework compared to the Securities and Investment Business Act (SIBA) have really benefited. Under the approved
MarkitSERV, an electronic trade processing service for OTC derivatives, has agreed heads of terms with four FX interdealer brokers (IDBs) to provide voice trade affirmation, regulatory reporting and clearing services for FX transactions. With a single connection into the MarkitSERV
Morningstar has called for greater transparency in the securities lending industry after conducting research into the practices of 10 European providers of physical replication exchange traded funds. Morningstar said that improvement was necessary in terms of disclosure of counterparties’ identities
BNY Mellon has expanded its middle office outsourcing service for hedge funds, extending what was largely a Europe-only offering and rolling it out to select clients and prospects in North America and Asia. Building on its Dublin-based operation over
Hedge funds were not a major contributor to the stock market crash of 2008 and early 2009, but they are very likely to face increased regulation, according to the latest survey of the world’s media from Walek. Released on the
The Commodity Futures Trading Commission has approved final rules to improve the risk management procedures of swap dealers and major swap participants. The CFTC voted five to nil via seriatim to approve the final rules, which will become effective 60
PineBridge Investments has appointed two senior investment professionals to its private funds group. PineBridge appointed Justin Pollack as senior vice president and Stacia Rogers as vice president, product specialist. Pollack will support secondaries activities and opportunities for the team,
Chicago Board Options Exchange will launch trading in a new type of S&P 500 Index options contract, known as CBOE S&P 500 Range options (SRO), beginning on 28 August. CBOE Range options were designed to provide individual investors with a
Bank of Bermuda’s Global Fund Services (GFS) division is expanding its global network of offices with a new office in San Francisco.
Asia ex-Japan hedge funds lead global peers with year-to-date returns of 6.66 per cent, due in large part to a 25.79 per cent rise in Indian equities since the start of the year, according to the latest data released by
