Funds
100 Women in Hedge Funds (100WHF) held its annual gala in Italy on 18 November at Milan’s Palazzo Visconti to raise money to support project Edu Care, a project developed by Fondazione Zanetti Onlus (FZO) and SOS Villaggi dei Bambini Onlus (SVB).
The funds raised will be used to provide education and professional skills to young people in care and to encourage their social inclusion. The project will also assist young girls and single mothers in social and economic difficulties by providing equal education and employment opportunities.
The Gala’s special guest was Alena Seredova, ambassador of SOS Villaggi dei
BlueCrest Capital Management, once Europe’s third biggest hedge fund firm, is to stop managing money for outside clients after a sharp drop in assets and weak returns from its flagship macro fund.
The firm’s flagship USD2.5 billion hedge fund, BlueCrest Capital International will be shut next year as part of the move announced this week.
BlueCrest Capital Management was founded by William Reeves and Michael Platt in 2000. The Jersey (Channel Islands)-based company has registered offices in London, New York, Boston, Geneva, Connecticut and Singapore. Forbes estimated Platt's net worth to be USD 3.5 billion in 2015.
In 2014,
Deutsche Börse Group has enhanced its securities lending services by linking a new agency lending service by Clearstream with Eurex Repo and Eurex Clearing. The new offering combines several elements of the broad Deutsche Börse value chain.
The joint new service is already available with first users reaching readiness. It offers customers advantages in terms of capital efficiency, straight-through-processing and potential higher returns for lenders as they can maximise the yield on their assets in a low-risk environment.
The transaction between the lenders and the borrowers is managed by Clearstream as the agent lender and tri-party collateral agent via
Trax, a provider of capital market data, trade matching and regulatory reporting services, has launched the Insight Demonstrator, a validation engine allowing institutional firms to test their reporting activity against MiFID II transaction reporting obligations.
The Insight Demonstrator capitalises on Trax’s expertise in providing industry-leading transaction reporting capabilities as an Approved Reporting Mechanism (ARM) under MiFID I. It offers a testing environment, with state of the art rules-based technology, to provide firms with valuable information about their transaction reporting activity ahead of forthcoming regulatory deadlines. Despite the potential delay for implementation of MiFID II rules, Trax continues to work with
CBOE Holdings is to launch options on FTSE 100 Index and the FTSE China 50 Index. Chief Executive Officer Edward T Tilly (pictured) made the announcement at the the firm’s Risk Management Conference Asia (RMC) in Hong Kong.
Options on the two FTSE Russell indexes are expected to begin trading at CBOE on 22 December, 2015.
The listing of the new FTSE 100 and FTSE China 50 Index options are part of a licensing agreement forged by CBOE and London Stock Exchange Group (LSEG) in February 2015. The deal made CBOE the exclusive provider of options on more than
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has increased its US presence and capabilities by opening a new office in Boston, which will provide support for its growing client base and the industry’s ever increasing demand for the AbacusFlex private cloud solution.
Abacus’s entry into the market was spurred by being selected by Boston based clients to provide a scalable, flexible and robust technology solution that also adheres to the latest regulatory compliance and security requirements.
"The financial services industry in the Boston area is significant, and both established and up-and-coming startup funds from across the region
Natixis Global Asset Management has launched the ASG Dynamic Allocation Fund (DAAFX), a global asset allocation mutual fund managed by AlphaSimplex Group, LLC (AlphaSimplex).
The fund seeks to deliver long-term capital appreciation to investors looking for a tactical global asset allocation strategy.
“Building a durable investment portfolio has become even more challenging in a volatile market environment buffeted by global economic uncertainty,” says David Giunta (pictured), president and chief executive officer, at Natixis Global Asset Management, US Distribution. “To successfully diversify a portfolio of traditional stock and bond funds, investors need adaptive tools, such as the ASG Dynamic Allocation
Banking and payments technology specialist FIS has closed it s acquisition of SunGard, a financial software and technology services companies.
The acquisition will allow FIS to offer a broad range of enterprise banking and capital markets capabilities that will further empower the financial industry worldwide.
With complementary technology solutions and services encompassing retail and institutional (or wholesale) banking, payments, risk management, asset solutions and insurance, the combined company now has more than 55,000 employees and USD9.3 billion in revenue on a pro-forma basis.
“At FIS, we are driving innovative solutions and delivering high-quality client experiences that move our clients’
More than 150 individuals representing AIMA Canada member firms from across the country participated in annual wine-tasting receptions held in Toronto and Montreal respectively last week.
Sponsored by BMO Capital Markets, McMillan LLP and KPMG, the member appreciation receptions capped off a record year for AIMA Canada, which included some 60 social gatherings and content events, including regulatory updates and emerging managers’ series as well as the association’s first hedge fund conference, noted AIMA Canada Executive Director and BLG Partner Michael Burns.
“We have witnessed yet another extremely busy and successful year for AIMA Canada, with an increase in
Going into this week’s ECB meeting, Macro/ CTA strategies maintain large net short positions on the EURUSD cross, which are in line with expectations that the ECB will announce additional easing measures. Indeed, over the recent weeks, ECB officials have been pretty vocal about their intentions and this has contributed to the common currency being dragged close to 1.05 versus USD.
