JP Morgan has been selected by investment management firm AQR Capital Management, LLC (AQR), adviser to the AQR Funds, to provide prime custody and fund administration to its newly launched mutual fund – the AQR Multi-Strategy Alternative Fund. As described by
EuroCCP and Turquoise have expanded their respective clearing and trading services into two additional markets, Hungary and the Czech Republic. The move makes Turquoise the first multilateral trading facility to offer trading and EuroCCP the first pan-European CCP to offer
FSMLabs and Spectracom have formed a new partnership to address the most complex synchronization challenges for time-sensitive network operations. As the first step, Spectracom has launches a 10 gigabit-per-second high-accuracy network clock that integrates FSMLabs software with its GPS timing
Hedgebay Trading has launched a monthly index that aims to give the hedge fund industry detailed insight into the average discount or premium to NAV that investors are paying for assets that have no contractual redemption rights to investors. The
Fortis Bank Global Clearing and Tick-TS have entered into an agreement whereby trading companies can use the Tick-TS trading front-end in combination with Fortis Clearing services either with their own membership or with a shared membership of Fortis Clearing. The
Convergex Group, a provider of investment technologies and execution solutions, has launched a tactical trading algorithm designed for orders requiring careful execution. Using a proprietary multi-dimensional sensitivity profile, Abraxas aims to exploit hidden liquidity, favourable price movements and volatility changes,
MF Global Holdings Ltd, a broker-dealer providing trading and hedging solutions, has announced the pricing of its public offering of USD325 million aggregate principal amount of 6.250% senior unsecured notes due 2016. MF Global intends to use at least USD100
Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at EUR96.1 billion in May 2014, down from EUR109.2 billion in May 2013. Of the EUR96.1 billion, EUR88.4 billion were attributable to Xetra (May 2013: EUR99.5 billion).
LaCrosse Global Fund Services, a hedge fund administrator, is partnering with RiskMetrics Group, a provider of risk management and corporate governance services, to offer LaCrosse’s hedge fund clients access to RiskMetrics’ HedgePlatform Community. LaCrosse’s clients can now access at no
Former Carbon360 Director of Research, Daniel Golyanov, has launched Vela Advisers, a New York-based consulting and advisory firm targeting both managers and administrators with comprehensive range of services. Vela’s offering features a suite of services for alternative fund managers and
