Under Article 21 of the AIFMD, any AIFM running an EU-based AIF is required to appoint a single full scope depositary to carry out four core duties: cash monitoring, safekeeping and verification of assets and general oversight of the AIF.
For EU and non-EU managers, the ability to choose between AIFMD or UCITS regimes to bring a regulated fund product to market with minimal fuss is a compelling one. With its unique business model, ML Capital has proven to the
Two of the most important considerations for any hedge fund manager under AIFMD are deciding on who to appoint as an external AIFM (or "Management Company") and also who to appoint as a depositary; the latter of which is discussed
Broadridge Financial Solutions has been named as "Best Risk Management Software Firm" at the Hedgeweek Global Awards 2016, which are voted on by industry participants and recognise excellence among hedge fund managers and global service providers. The winners are determined by votes
Volante Technologies, a provider of software for the integration, processing and orchestration of financial messages, is supporting the latest SWIFT Standards 2016 update. On 26 February 2016, SWIFT released its latest standards release which includes a number of significant changes
A new study by The Chicago Board Options Exchange (CBOE) has examined six benchmark indexes that write Standard & Poor’s 500 Index (SPX) options, comparing their performances with those of traditional stock, bond and commodity indexes. The study found that
Vienna Stock Exchange is to continue to use Deutsche Börse’s trading technology. Both exchanges extended their contract by a further six years, at least until 2021. The co-operation partners of Vienna Stock Exchange will also use Deutsche Börse’s trading infrastructure.
The London Metal Exchange (LME) has unveiled the newly built Ring (pictured), the Exchange’s open-outcry trading floor, followings its successful relocation to 10 Finsbury Square in London on 1 February 2016. The Ring has provided a transparent and robust price-discovery
Hamed Ahmadi from the University of Oxford, Linacre College has been named as the winner of the inaugural Man AHL Coder Prize, a coding competition for students aged 16 and over. Ahmadi picks up a cash prize of GBP5,000. Mihail
The International Commodities and Derivatives Association (ICDA) is to hold a Blockchain Conference in the City of London in April 2016. Pursuing the Association’s strategy of exploring new products and technologies for the global commodities and derivatives markets, the conference is
