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The Depository Trust & Clearing Corporation (DTCC) has published a white paper that outlines function-based guiding principles for regulators and market participants for the post-trade processing of tokenised securities.
The market for trading crypto assets that are security tokens where the post-trade processing uses distributed ledger technology (DLT), has created a need for safety, security and reliability around these transactions to protect market stability.
DTCC highlights that DLT introduces characteristics that are distinct from the market structure for traditional securities, therefore creating unique requirements in the design and application of appropriate regulations and post-trade processing structures.
Global standards
Confluence, a specialist in investment data management automation for regulatory, financial and investor reporting, has appointed Jory Wheeler has joined the firm as Senior Vice President of Engineering.
In this role, he is responsible for managing all aspects of the software development process so that Confluence can continue to deliver industry-leading data management products for its asset, fund management and service provider clients. The role was created to streamline and strengthen the development process for Confluence’s data aggregation, management and reporting solutions that help optimise performance, regulatory reporting and investor communications for many of the world’s top financial companies. Wheeler
Spring Valley Asset Management (SVAM) has launched the SVAM Diversified Alpha Portfolio, a multi-dimensional, systematic trading system which applies creative modelling techniques to a rich set of fundamental and technical features across short, medium, and long-term horizons (from one day to three months) that aim to capture both direction and divergence across liquid global futures markets.
The application of sophisticated and robust risk management systems allows SVAM to dynamically budget, neutralise, and target risk. SVAM says this combination of fundamental and technical data, along with risk: neutralising and targeting, makes the Diversified Alpha Portfolio a complement to the Tactical Trend
Refinitiv has appointed Leon Saunders Calvert as Head of Sustainable Investing & Fund Ratings, a newly created role that brings together Refinitiv’s ESG Sustainable Investing and Lipper Fund Ratings businesses to increase focus on unearthing links between sustainable business strategies and financial performance.
As asset owners and investors increasingly make strategic investment decisions based on Environment, Social and Governance (ESG) factors, Refinitiv is committed to providing insight and transparency around the link between sustainability and financial performance, and plans to increase the universe of corporates covered in its ESG database while initiating ESG scores on public mutual funds.
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PEF Services, a fund administrator for alternative investment managers, has promoted Emily Chen and Delphine Jones, CPA to Managing Directors within the firm’s Client Services group, reporting to PEF Chief Operating Officer Beth Manzi.
Chen and Jones each lead PEF Client Services teams responsible for the relationships and services provided to PEF clients including fund accounting, financial reporting and SBIC compliance, and investor services for PEF’s clients and their investors.


Chen’s career includes over 15 years’ experience in alternative asset fund administration. In addition to managing accounting and reporting services, Emily’s team is responsible for PEF’s fund accounting technology platform, Investran. Prior
Sidley Austin has added Joshua S Cohen as a partner in its Investment Funds practice in Chicago.
Cohen joins the firm from Kirkland & Ellis LLP, where he was a partner. Previously he was a managing director and general counsel of Highbridge Capital Management, LLC, and global head of Alternatives Legal for JPMorgan Asset and Wealth Management.
Cohen brings extensive experience in the formation, structuring and maintenance of open and closed-end private funds, with particular emphasis in hedge funds, private equity funds, credit funds, hybrid funds, fund of funds, liquid alternative mutual funds and fund platforms. He also
Gulf Capital, an active alternative asset management firms in the Middle East, is expanding and strengthening its executive team with the appointment of Sharaf F Sharaf as a Managing Director in Gulf Credit Partners, the Firm’s private debt business.
Based in Dubai, Sharaf Sharaf will join as a Managing Director in Gulf Credit Partners, which provides mezzanine debt and structured capital to growing regional small and medium enterprises (SMEs).
Dr Karim El Solh, Chief Executive Officer of Gulf Capital, says: “We are excited to welcome Sharaf to our leadership team as we continue to grow our business. Sharaf’s expertise and
Derivatives marketplace CME Group’s new legal entity CME Amsterdam BV has received approval from the Dutch Minister of Finance.
The establishment of the new Amsterdam-based entity will ensure that CME Group’s BrokerTec and EBS venues and CME Regulatory Reporting services (formerly NEX Regulatory Reporting) can continue to service their EU27 clients, regardless of the outcome of the UK’s withdrawal from the EU.
CME Group will transition the following businesses to CME Amsterdam BV – BrokerTec’s European Government Bond and European Repo businesses (under a new Regulated Market licence) and on-MTF FX forwards and swaps (under a new MTF licence),
A new Memorandum of Understanding (MoU) signed between Jersey’s financial regulator the Jersey Financial Services Commission (JFSC) and the UK’s Financial Conduct Authority (FCA) should give fund managers added certainty around accessing UK investor capital through Jersey in the lead up to Brexit, according to Jersey Finance and the Jersey Funds Association (JFA).
The MoU, signed this week (Mondaym 11 March) allows funds domiciled in Jersey to continue to be marketed to UK investors through private placement unimpeded, should EU law cease to apply in the UK in the event of a ‘no deal’ Brexit or at the end of
CVC Credit Partners was established in 2005 and runs approximately USD20.2 billion across three core strategy areas: performing credit (USD15.3 billion), credit opportunities and special situations (USD3.3 billion) and private debt (USD1.6 billion).
The Credit Opportunities strategy, which was awarded the Best Specialist Credit Strategy Hedge Fund, employs a catalyst- driven investment approach, employing a dynamic hedging overlay designed to allow it to remain profitable through all stages of the credit cycle.
The strategy is co-managed by Oscar Anderson and Scott Bynum, both of whom are Senior Managing Directors of CVC Credit Partners. The deal team has relationships with over
