JP Morgan Securities LLC is to pay USD153.6 million to settle SEC charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet. Under the settlement, harmed investors will receive all
Placement agent Eaton Partners has launched a secondary advisory group following the addition of three senior professionals, Michael Pilson, Alexander Mejia and Kevin Imhoff. The formation of the secondary advisory group further enhances Eaton Partners' product offerings and capabilities as secondary market activity
London-based Kestrel Investment Partners announced this week the launch of a new global multi-asset UCITS IV fund; the Kestrel Global
The Isle of Man’s Department of Economic Development has appointed John Spellman as director of financial services with immediate effect. Colin Kniveton, chief executive officer of the Isle of Man’s Department of Economic Development, says: “John has worked with the
Morningstar, Inc has begun to calculate estimated returns for hedge funds based on publicly available filings. The company has estimated quarterly returns for approximately 1,700 hedge funds, including some of the largest and most prominent in the industry. Although hedge
Lugano-based SwissWealth Management has launched its first alternative UCITS fund of funds which aims to avoid hedge fund replica strategies reported Citywire Global this week.
Hedge funds appear to be moving aggressively to take down costs associated with their trading desks in the midst of a prolonged period of depressed trading activity, according to the results of a study by Greenwich Associates. To assist institutions
The GlobeOp Forward Redemption Indicator for June 2011 recorded a modest increase to 4.01%, up from 3.92% in May but lower than the 4.39% of a year ago. “July is typically a heavy redemption month,” says Hans Hufschmid, chief executive
Cardano has appointed Roger Lord and Alberto Marone to its London-based team to strengthen the firm’s risk management capabilities. Lord will be responsible for Cardano’s quantitative solutions and systems. He holds a PhD in Quantitative Finance and has done research
As part of a new, client-centric approach to execution consulting called UBS Quant on Demand (UBS QUOD), UBS has launched a new algorithmic trading tool called UBS QUOD Studio. UBS QUOD Studio is an iPad® app allowing UBS algorithmic trading
