The US Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) has issued a time-limited no-action letter for OTC Clearing Hong Kong Limited. The letter states that DCR will not recommend that the Commission take enforcement action against
Castle Harbour Securities has appointed Damien Regnier, previously portfolio manager for global convertible bonds at Deutsche Asset & Wealth Management, to co-manage a new global convertible bond fund. Castle Harbour plans to launch the R&D – Pure Global Convertibles Fund
Current attempts to tighten the regulation of financial services could lead to regulatory arbitrage among countries, according to a survey by advisory firm Kinetic Partners. The survey, which was carried out by Kinetic Partners at an industry event held last
NYSE Euronext saw global derivatives average daily volume (“ADV”) of 8.8 million contracts traded per day in April 2011 a decrease of 18.5% versus the prior year, which benefited from un-seasonally strong trading volumes due to heightened market volatility driven
BNP Paribas has successfully completed a SAS 70 Type 2 examination of its US alternative fund administration, fund of hedge fund custody operations, and general computer controls. The examination was conducted by an independent accounting firm. The Type 2 report
The Commodity Futures Trading Commission’s division of market oversight has issued a letter advising Eurex Deutschland that its Euro Stoxx 50 Ex Financials Index futures contract submitted by Eurex for review on 12 July has been deemed certified. The contract
State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT) has appointed Bill Street as global head of Fixed Income Alpha Strategies, reporting to Kevin Anderson, global chief investment officer for Fixed Income and Currency.
Alternative investment firm NIR Group has appointed Robert M. Cohen as managing director. Based in the firm’s Roslyn, New York, headquarters, Cohen is responsible for overseeing operations and business development. "Bobby has a proven track-record in managing and building a
The Securities and Exchange Commission (SEC) has named Marc Wyatt as deputy director of the agency's Office of Compliance Inspections and Examinations (OCIE). Wyatt joined the SEC in December 2012 as a senior specialised examiner focused on examinations of advisers
AQR Capital Management, an independent alternative investment management firm with USD54.5bn under management, has established a London office. Based in Greenwich, Connecticut, AQR has a systematic and disciplined approach to asset allocation, portfolio construction and risk control. Its offerings range
