Single manager alternative UCITS attracted EUR746million in net inflows in Q3 according to the latest quarterly compiled by MondoAlternative. Interestingly, despite weekly liquidity funds only representing 21.7 per cent of the fund universe monitored by the firm, they attracted the
BNP Paribas Securities Services has appointed Darren Banks to lead on the development of the UK trustee and depositary business. James McAleenan, head of the UK at BNP Paribas Securities Services, says: “Darren Banks brings a wealth of knowledge
International Management Services (IMS) has promoted Geoff Ruddick to head of funds. Ruddick (pictured) has also been appointed to the company’s board of directors. Ruddick joined IMS back in 2006 as part of the senior management team and since then
BGC Partners, a brokerage company servicing the wholesale financial and real estate markets, has appointed Jean-Jack Badet as general manager of its business in Switzerland. Based in Nyon, Badet will be responsible for all of BGC’s financial products business
The US Commodity Futures Trading Commission (CFTC) has charged Lyndon Lydell Parrilla and his company, Green Tree Capital, both of Woodland Hills, California, with operating a fraudulent multi-million dollar foreign exchange (forex) scheme since at least 2009. The CFTC complaint
ESMA publishes today the final report on the guidelines on risk measurement and the calculation of the global exposure for certain types of structured UCITS (ESMA/2011/112). The report contains the policy approach agreed by ESMA, the cost-benefit analysis, the feedback
The US Commodity Futures Trading Commission (CFTC) has obtained USD615,000 in disgorgement and a civil monetary penalty in a federal court consent order against defendant Kuen Cheol Song, who resided in Singapore during the relevant time period, for engaging in
GFI Group has agreed to acquire certain assets of Phoenix Partners Group, an independent inter-dealer broker operating mainly in the international credit and equity markets. As part of the transaction, GFI will be taking on approximately 32 brokers (divided
Cyber security lab I Think Security Ltd has launched LOQ, a secure information technology that keeps proprietary information and communications secure for asset managers and their high net worth clients. “It’s our most advanced security solution yet, with outstanding features
Deutsche Bank and Financial Risk Management (FRM) have announced a partnership to launch the industry’s first hedge fund seeding managed account platform. The dbalternatives Discovery platform, based on Deutsche Bank’s established and award winning dbalternatives managed account platform, extends
