Outsourcing the trading function has become an important trend within the hedge fund industry as managers, both large and small, look to generate marginal gains by reducing the cost of operations. A report by Greenwich Associates in December 2018 found
Steben & Company, a provider of managed futures funds, has named Richard Kendrick as chief marketing officer. Kendrick, most recently with ProShare Advisors, will oversee all marketing and brand strategy for the firm. He reports to Ken Steben, president and
Apex Group, a global financial services provider, has appointed Andrew Macklin as General Counsel and member of its Executive Committee. Apex has expanded exponentially over the past eighteen months diversifying its product set following a number of bolt-on acquisitions around
LCH.Clearnet Group will extend its clearing business for OTC interest rate instruments to Australian banks. LCH.Clearnet will apply for an Australian clearing and settlement facility licence that would enable it to offer its SwapClear OTC interest rate swap clearing to
A bad month for share prices made relatively little impact on investors in May, according to the latest Fund Flow Index (FFI) from global funds transaction network Calastone, but mainly because buyers have been on strike now for months. Calastone
Linedata has released a new version of Icon, its fund accounting and administration platform. This latest version delivers more efficient business processing and workflows, including pro-active exception handling and extended instrument coverage. Linedata Icon manages, either on a hosted
Advise Technologies, a software solutions provider for global regulatory compliance, has released a list of top tips for private funds preparing for their first SEC examination. Advise Technologies, a software solutions provider for global regulatory compliance, has released a list
Itarle, a provider of high-performance best execution services to banks, is colocating within CME’s group data centre in Aurora, Illinois and hiring staff in New York. The moves will complete its global data centre presence and, the company says, deliver
Liquidnet, the institutional investment community that enables secure and anonymous block trading of equities, is expanding its trading operations to include New Zealand listed securities. Liquidnet will commence trading of New Zealand equities on 22 June 2010. It is believed
The Depository Trust & Clearing Corporation (DTCC) is proposing changes to its settlement processing for money market instruments (MMIs) to boost efficiencies, improve intraday settlement finality and further reduce credit and liquidity risk in the MMI market. In a white
