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Tax transparency and cooperation with international regulators and governments to guard against tax evasion is something that the Cayman Islands takes seriously. It has, after all, Tax Information Exchange Agreements with all major developed countries and shares information with over 100 countries under the OECD’s Common Reporting Standard framework.
Specifically, Cayman has had a TIEA in place with The Netherlands since 2009. That The Netherlands has just decided to blacklist the Cayman Islands (along with 20 other jurisdictions) has understandably surprised people and one wonders what the problem is, given the island’s commitment to adhering to the OECD’s BEPS Inclusive
The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have successfully concluded the initial consultation period regarding the establishment of a joint venture to operate a European-based auction mechanism for European dairy products.
The initiative between EEX and GDT received a high level of interest in the market during the evaluation process. To date, EEX and GDT have met with more than 50 key participants of the dairy value chain. Sellers and buyers across France, Germany, Ireland, the Netherlands, Scandinavia, Switzerland, the United Kingdom, as well as buyers from Asia.
Following the completion of the market consultation and
The Mizuho-Eurekahedge Index (USD), an asset-weighted index representing the global hedge fund industry performance was down 0.39 per cent in December, bringing its year-to-date loss to 4.09 per cent amidst the global equity market sell-off.
Despite ending the year in the red, hedge fund managers recorded their best outperformance over the global equity markets since 2011, as they returned 7.70 per cent more than the MSCI ACWI IMI (USD) throughout 2018.
Historically, the Mizuho-Eurekahedge Index (USD) has outperformed underlying equity markets during periods of market distress, such as the years 2008 and 2011, during which the index outperformed global
GPP, a prime broking, investor services and wealth solutions firm, has hired James Parker for the position of Chief Risk Officer (CRO).
Parker will take on the newly-created role after over five years at Société Générale as European Head of Risk Management. His appointment is part of GPP’s strategic expansion of its senior leadership team and follows the recent hire of Todd Johnson as Chief Operating Officer (COO). 


Parker brings a wealth of experience to GPP from roles including Head of Clearing at JP Morgan and Executive Director of Valuations and Model Control Oversight at Lehman Brothers.


The
IHS Markit’s MarkitSERV and Cobalt are collaborating to accelerate the delivery of new post-trade processing services for foreign exchange (FX) markets.
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As part of its alliance with Cobalt, IHS Markit also made a strategic investment in the firm and will partner with Cobalt to sell and deliver the solution.
In working together, MarkitSERV and Cobalt will offer a shared post-trade infrastructure designed to replace legacy technology and manual processes, bringing increased efficiency and reduced operational risk to the FX market.
The alliance unites MarkitSERV’s global network of over 800 FX counterparties and venues with Cobalt’s advanced
Shelton Capital Management has acquired Cedar Ridge, effective 25 January 2019, and is now the investment advisor to the Cedar Ridge Unconstrained Credit Fund (CRUMX/CRUPX).
Cedar Ridge, founded in 2004, manages unique alternative investment products through a variety of credit-focussed, long/short and long-only portfolios. Consistent with Shelton Capital Management’s client base, Cedar Ridge has focussed on serving the distinct needs of high net worth individuals, RIAs, Institutional Investors and Family Offices.
“As an independent investment management firm, we are continuously seeking opportunities to strategically grow our business and enhance our investment services for the benefit of our investors,” says Steve
Bipsync, a research platform provider for investment management firms, has secured USD7 million in a growth investment round led by Edison Partners. FINTOP Capital also participated in the round.
Proceeds will be used to expand Bipsync’s global footprint and accelerate product innovation, customer success initiatives, and sales and marketing operations.
The funding builds on an exceptional growth period at Bipsync, which has seen three-times year-over-year growth in bookings, over 100 per cent net revenue retention and expansion into new client markets of Limited Partners and allocators. Bipsync’s global client roster now spans the entire investment management industry in asset
LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Alexander Ponyrko as Principal Software Engineer.
With over a decade of experience as a technologist, Ponyrko, who reports directly to CTO Shawn Samuel, will be responsible for a range of development initiatives around the firm’s POEMS (portfolio, order and execution management system) platform. He will work closely with LiquidityBook’s client service organisation to help rapidly implement client-driven development priorities that SaaS-based platforms like LiquidityBook’s make possible. Ponyrko arrives at the firm at a time when an increasing number of fund managers are abandoning their legacy technology
Hedge fund redemptions picked up speed in November, falling short of September’s five-year high but outpacing October’s level, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions.
The Barclay Fund Flow Indicator is a comprehensive monthly report tracking the health of the alternative investments industry.
Data from the nearly 6,000 funds included in the BarclayHedge database showed hedge fund investors worldwide (excluding CTAs) redeemed USD29.1 billion, 1.0 per cent of assets, in November. It was the third straight month of redemptions, and, while November redemptions fell short of September’s five-year high of USD39.1
London-based global macro and systematic trading investment manager DG Partners has appointed Tony Fenner-Leitao to head marketing and business development in relation to Systematic Strategies in North America. He will be based in San Francisco.
David Gorton, DG Partners’ Chief Investment Officer, says: “I am thrilled to be able to secure Tony’s services for the DG Partners group. Tony brings to the firm a wealth of highly relevant experience from his days at Winton Capital (where he was CEO) and latterly at Passport Capital. He will help to spearhead the growth of our business in the United States, capitalising on the
