Irving H Picard, SIPA Trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), has filed two motions with the US Bankruptcy Court seeking approval of recovery agreements totalling USD543m for BLMIS customers. The motions seek court approval to
Hedge funds need to sell off a further USD200bn in assets to meet their objectives on deleveraging, according to a survey by US research firm Sanford C.
Deutsche Börse has announced changes to the methodology of its equity indices in response to some of the issues raised by Porsche’s short squeeze on Volkswagen shares, which momentari
NYSE Euronext global derivatives average daily trading volume (ADV) in December 2013 was 5.9 million contracts, down 7.6 per cent from December 2012 and down 10.8 per cent from November 2013. NYSE Euronext European derivatives products ADV in December 2013
Bank of New York Mellon has appointed Andrew Dollery as vice-president for alternative investment services sales and Roman Seydoux (photo) as vice-president for alternative investment serv
Carmignac Gestion Group has appointed four-man European equities team, headed by Muhammed Yesilhark. The team is based in Carmignac Gestion Luxembourg’s London branch and will assume management of EUR1.6bn of European funds: Carmignac Grande Europe, Carmignac Euro-Patrimoine and Carmignac Euro-Entrepreneurs.
Ramius has appointed Bradley Sussman as managing director and head of liquid alternative products. In his role, Sussman will be responsible for the firm's mutual fund platform and growing its suite of liquid alternative products. Sussman is a managing
The technical committee of the International Organisation of Securities Commissions has launched task forces to examine issues associated with short selling, unregulated financial markets
Phoenix Fund Services has won the contract to provide the middle office, fund accounting and transfer agency services for the Coppertree Dynamic Fund. The Coppertree Dynamic Fund is a Bermuda domiciled fund with an absolute return investment objective through investing
Channel Islands Alternatives, a Guernsey-based fund of hedge funds manager, has announced continued positive performance returns for its Hurdle fund of hedge funds.
