Hedge fund redemptions in October totalled USD9 billion, more than triple September’s USD2.59 billion outflow, according to figures released by BarclayHedge and TrimTabs Investment Research. Industry assets decreased to USD1.66 trillion in October from USD1.73 trillion in September, the third
Chicago Board Options Exchange has created a new benchmark volatility index – the CBOE Mid-Term Volatility Index (VXMT). The index is a measure of the expected volatility of the S&P 500 Index over a six-month time horizon. The index
Peppercomm Strategic Communications has acquired Walek & Associates, an independent financial, capital markets and investor relations firm. The move combines Peppercomm’s full suite of integrated marketing and communications offerings, including creative design, digital, social media, experiential and strategic licensing,
Deutsche Bank has launched an FX trading platform on Autobahn. The new FX platform is expected to increase efficiencies and volumes, contributing to Deutsche Bank’s commitment to trade EUR1trn every week within the next two years. New functionalities include the
Swiss-based Pharus Management has launched Pharus Management Luxembourg SA to manage UCITS compliant SICAVs, specialized investment funds and alternative funds under the Alternative Investment Fund Managers Directive, reported Investment Europe this week. Funds wishing to take advantage of the European
Maples Fund Services has expanded its US operations with the hire of Megan Corcoran as director of business development, Americas. Based in New York, Corcoran will focus on expanding opportunities for continued growth of the fund services business in North
The Depository Trust & Clearing Corporation has welcomed the trading in futures contracts linked to its proprietary index, the DTCC GCF Repo Index. The futures products began trading on 16 July on NYSE Liffe US, the US futures exchange
Chicago Board Options Exchange (CBOE) is to list options on the CBOE Russell 2000 Volatility Index (RVX) beginning 3 December. The CBOE Russell 2000 Volatility Index (RVX Index) is an up-to-the-minute market estimate of the expected 30-day volatility of the
Two options traders who the Securities and Exchange Commission charged earlier this year with short selling violations have agreed to pay more than USD14.5m to settle the case against them. An SEC investigation found that brothers Jeffrey A. Wolfson and
The Securities and Exchange Commission has charged UBS Securities LLC for inaccurate recording practices when providing and recording “locates” to customers seeking to execute short sales. UBS settled the enforcement action by agreeing to pay a USD8 million penalty and
