The majority of global alternative firm SkyBridge Capital has been sold to RON Transatlantic EG and HNA Capital. Financial terms of the transaction have not been disclosed but at the end of November SkyBridge managed or advised on USD12 billion. SkyBridge also hosts the
Cargill is to pay a USD10 million penalty to settle CFTC charges that it provided mid-market marks (marks) that concealed its full mark-up on certain swaps from counterparties and its swap data repository (SDR), in violation of the Commodity Exchange
Thomson Reuters has completed its acquisition of REDI Holdings, allowing it to incorporate a cross-asset execution management system (EMS) into its buy-side trading capabilities. REDI will now operate as Thomson Reuters REDI. Thomson Reuters REDI will continue to provide
Fraud, cyber and security incidents are now the “new normal” for financial services companies across the world, according to the executives surveyed in the 2016/17 Kroll Annual Global Fraud and Risk Report. Nearly nine in 10 (89 per cent) executives
Aspect Capital (Aspect), a USD7.0 billion systematic investment manager, has launched the Aspect Alternative Markets Fund, a managed futures trend following strategy which invests in a range of non-traditional, and harder to access markets. From credit indices and emerging markets
The Depository Trust & Clearing Corporation (DTCC) has appointed Derek West, former senior director of derivatives oversight at the Quebec Autorité des marchés financiers (AMF), as executive director and chief compliance officer for the firm’s European Global Trade Repository (GTR)
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, has provided central clearing connectivity for its FX risk mitigation service in non-deliverable forwards. The clearing connectivity capability enables dealers to flag trades that are part
MSCI has appointed David Zhang has head of securitised products research, a newly created role. Zhang, who previously headed modelling of securitised products at Credit Suisse, will oversee MSCI’s development of models that help traders, portfolio managers and other institutional
The team behind alternative investments platform CoInvestor have launched an online service, EISWallet.com, allowing investors and their financial advisers to record and manage all of their Enterprise Investment Scheme (EIS) and unlisted investments digitally. The service, which is free to
BlueBay Asset Management (BlueBay), a specialist active manager of fixed income, has launched the BlueBay Global Income Fund in response to client demand. The UCITS Fund seeks to provide an attractive income stream via a low turnover portfolio of bonds.
