Funds
Jersey is to introduce regulation of virtual currency. The island is already home to the first regulated Bitcoin fund and the new regulatory proposal is intended to encourage confidence and innovation in the sector.
The announcement was made this morning (Wednesday) at Jersey’s first major Fintech conference, FinTechJersey, in St Helier.
The island’s Assistant Chief Minister with special responsibility for Financial services and the digital sector, Senator Philip Ozouf addressed the conference at 9am (BST), while later today at 4.30pm (BST), Vladimir Jizdny from the Jersey Financial Services Commission will give a presentation on crypto-currency regulation along with George Pearmain from the
FIX Trading Community has revised its EMEA specific guidelines on Execution Venue Analysis adding further clarity around Last Capacity and Liquidity flag definitions, as well as mandating all executing venues, including broker crossing and alternative trading systems, to supply valid Market Identifier Codes (MICs) on their executions.
Originally produced by the FIX Trading Community Global Buy-side Committee to address inconsistencies in brokers’ reports on execution venue on fills, the guidelines have constantly been reviewed to give the Buy-side increased consistency and enhanced transparency.
To meet the ongoing requirements for greater granularity, the EMEA Business Practices Subcommittee has produced a
Decryptex, a provider of scientific searches for capital markets trading surveillance to hedge funds, funds of funds and private equity funds, has partnered with MIK Fund Solutions for its security master.
Decryptex employs advanced algorithms and big data to enable capital market professionals to uncover anomalous trading activity, and a robust security master is a critical piece of its offering.
Daniel Cashion (pictured), Chief Executive Officer of Decryptex, says: “Given the years of research and the strength of the platform’s foundation, we selected MIK Fund Solutions as the ‘best in breed’. Nothing is more important for our business than to
This recent factsheet from Preqin takes a detailed look at the hedge fund industry in Boston, including the strategy and structure preferences of investors, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
View the full factsheet here.
This recent factsheet from Preqin takes a detailed look at the hedge fund industry in Hong Kong, including the strategy and structure preferences of investors, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
View the full factsheet here.
Robert J Klein (pictured) has joined CIFC Corp as Senior Portfolio Manager and Managing Director, Structured Products, and will lead the firm’s structured products portfolios.
In his new role, Klein reports to Co-Presidents Oliver Wriedt and Steve Vaccaro and will also join the firm’s Operating Committee.
“Robert brings a wealth of experience to CIFC and further strengthens our structured products platform,” says Steve Vaccaro, Chief Investment Officer of CIFC. “We have worked closely with him for many years and are very pleased to have him on our team.”
Klein joins from Prospect Capital Management, where he was the lead
Hedge funds saw the largest total capital decline since the Financial Crisis of 2008 in the third quarter, as global financial market volatility surged on uncertainty over US interest rates, China and M&A transactions.
Estimated hedge fund capital declined by USD95 billion across all strategy areas to end the quarter at USD2.87 trillion, as new investor capital inflows only partially offset performance-based declines, according to the latest HFR Global Hedge Fund Industry Report. The quarterly asset decline is the first since Q2 2012 and the largest since Q4 2008.
The HFRI Fund Weighted Composite Index (HFRI) fell -3.9 per cent in 3Q15, extending a four-month drawdown of -5.1 per cent and bringing HFRI performance to -1.5 per cent YTD
Man Group is marking the 20th anniversary of Man GLG, the group’s discretionary fund manager and one of the most established names in the global hedge fund industry.
GLG, which has played a role in the development and advancement of the hedge fund industry over the past two decades, was founded in 1995 as a division of Lehman Brothers. The firm became an independent business at the turn of the millennium, and listed on the New York Stock Exchange in 2007. When it was acquired by Man Group in 2010, GLG expanded its global footprint and gained a robust risk
Hedge funds were down 1.43 per cent in September, the fourth consecutive monthly loss, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is down 1.21 per cent year to date.
“Investor uncertainty fueled by weak growth numbers in the US and China, along with the Fed’s reluctance to raise US interest rates, triggered a global selloff in equities, commodities, and high yield bonds,” says Sol Waksman (pictured), founder and president of BarclayHedge.
All but one of Barclay’s 18 hedge fund indices lost ground in September. The Healthcare & Biotechnology Index dropped 5.90 per cent, adding to its
What has changed since the end-of-August market debacle?
