Trend Capital, a Greenwich Connecticut based global macro hedge fund, has deployed Navatar Hedge Fund Cloud to manage its fundraising and investor relations. Navatar Hedge Fund Cloud helps manage operational functions, including investor subscriptions and redemptions, fund offering and returns,
PrimeOne Solutions, a division of CoreOne Technologies, is rolling out its new equity swap platform, Syn Prime, a synergistic addition to its set of hosted prime finance technology solutions. Syn Prime was developed by a team of industry experts to
Oscar Hernandez of Miami, Florida and his companies, Midway Trading Company and Conquest Investment Group, are to pay a USD1.4m civil monetary penalty to settle CFTC charges that they operated a multi-million dollar commodity pool Ponzi scheme and misappropriated customer
Systematic global macro strategies have become a more popular feature in recent years as quant managers leverage improved technology and modelling tools to generate uncorrelated returns. Anoosh Lachin and Asif Noor, co-portfolio managers of Aspect Capital’s Systematic Global Macro programme
The Federal Court of Australia has approved the settlement of a compensation claim to clients who were advised by Professional Investment Services to invest in the failed Westpoint Group. Under the settlement, PIS must pay eligible investors AUD5.9m. The court
The Hedge Fund Standards Board (HFSB) has launched a Toolbox to provide guidance to managers and investors on issues relating to fund manager governance and internal processes. The Toolbox will take the form of a series of briefings on key
Jersey Finance has welcomed the conclusions of the Review of British Offshore Financial Centres, which was launched in November last year when Michael Foot was asked to review the opportunities and challenges facing British Crown Dependencies and overseas territories that
BNY Mellon has received approval from the Irish Financial Regulator to establish a new bank licensed entity in Ireland. Known as The Bank of New York Mellon (Ireland), the creation of the new entity reinforces BNY Mellon’s commitment to Ireland
The London Metal Exchange (LME) experienced record volumes in September, with 14.09 million lots traded. Average daily volume is up 8.5 per cent from 2011 with 633,702 lots trading per day. Up to the end of September 2012, 119.1 million
Brian McMahon, Managing Director, Business Development Executive, has been appointed as BNY Mellon’s senior alternative industry facing executive in Luxembourg. McMahon has particular expertise in private equity and real estate and is also being asked to develop business and relationships
