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Axioma has appointed Molly McGregor as Managing Director, Marketing and Communications. McGregor was previously Chief Marketing Officer of Hanweck, a provider of real-time risk analytics for the global derivatives markets, since 2016.
“Molly is a superb fit with Axioma, bringing a strong combination of fintech and financial-industry experience to lead our marketing team,” says Tom Severance, Chief Revenue Officer. “As Axioma’s growth continues to accelerate, marketing is playing an increasingly vital role in communicating the competitive advantages of Axioma’s innovative solutions to investment managers and financial institutions.”
Prior to her time at Hanweck, McGregor was with the International Securities
The European Securities and Markets Authority (ESMA) has agreed to renew the restriction on the marketing, distribution or sale of contracts for differences (CFDs) to retail clients, in effect since 1 August, from 1 February 2019 for a further three-month period.
ESMA has carefully considered the need to extend the intervention measure currently in effect. ESMA considers that a significant investor protection concern related to the offer of CFDs to retail clients continues to exist. It has therefore agreed to renew the measure from 1 February 2019 on the same terms as the previous renewal decision that started to apply
Cowen Inc has added Matthew Costello to Cowen Prime Services LLC’s capital introduction team as a Director. Costello will help Cowen further expand its capital solutions offering to its prime brokerage and outsourced trading clients with consultative and focussed propositions.
Costello says: “I couldn’t be happier to be joining Cowen at such an exciting time. Middle market hedge fund managers need a prime services partner that is reliable and dedicated to assisting their clients and providing the necessary platform and services they require to help manage and grow their business.”
Jack Seibald (pictured), Managing Director and Global Co-Head of
Stockholm-based systematic asset manager IPM has completed an extensive re-branding project aimed at clearly defining and representing the company’s brand values.
IPM, which has USD8.7 billion in assets under management from institutional clients throughout Europe, North America, and Asia, conducted in-depth research with clients, staff, independent actuarial consultants and partnering suppliers participating in the first stage of the project. The findings from qualitative interviews were analysed and compared to see how messaging aligned between client, staff, and business values.
The resulting expressions of the corporate values encompass client and business values backed by the collegiate belief and unified energies
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, now a division of Backstop Solutions, indicates a small profit of 0.01 per cent in November. Year to date, the Index is down 3.00 per cent.
“Although the November return for the Index was right at zero per cent, the dispersion of returns of the underlying funds was quite large, ranging from a high of plus 30.74 per cent to a low of minus 40.40 per cent,” says Sol Waksman, founder and president of BarclayHedge.
Eight of the nine Barclay Managed Futures indices had a negative return in
The European Energy Exchange (EEX) has acquired 100 per cent of the shares in Grexel Systems Oy, a provider of energy certificate registries in Europe.
Grexel offers comprehensive services for operators of registries, ie. for guarantees of origin, and holds a market share of 42 per cent of new certificates issued within the European Energy Certification Scheme (EECS). The company currently operates 15 energy certificate registries in Europe, of which 10 are for electricity guarantees of origin, four for biomethane and one for hydrogen certificates. Over 10.000 account holders, including major energy producers and end users, use Grexel System’s registries.
By Kamlesh Chauhan, Senior Manager VAT, haysmacintyre – After another tumultuous week of politics, the Commons’ vote on the draft Brexit deal has been delayed. Uncertainty therefore remains over the VAT treatment of intra-EU supplies of services once the transition period begins on 29 March 2019. Whilst politicians have so far failed to agree on the draft withdrawal agreement, now is a useful time to consider the proposals for VAT and how this could affect hedge funds, particularly as a ‘no deal’ Brexit could bring good news for some businesses.
The transition period will last 21 months from March 2019, during
Hedge Funds slid 0.28 per cent in November according to the Barclay Hedge Fund Index compiled by BarclayHedge, now a division of Backstop Solutions, versus a 2.04 per cent increase in the S&P 500 Total Return Index.
Year to date, the Barclay Hedge Fund Index is down 2.42 per cent, while the S&P has gained 5.11 per cent.
“Global equity markets had mixed returns in November as European markets fell while the US and Asia rose,” says Sol Waksman, founder and president of BarclayHedge. “An 18.4 per cent drop in the price of Apple along with declines in Facebook
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Dro Kholamian of Barrington, Illinois, and his company, Blue Star Trading, LLC (Blue Star), an Illinois limited liability company with an office in Park Ridge, Illinois.
The CFTC Complaint charges that the Defendants fraudulently solicited potential clients to trade leveraged off-exchange foreign currency (forex) and commodity futures contracts through accounts they would manage. The Defendants did not trade all of the clients’ funds as represented and, instead, misappropriated those funds. The CFTC Complaint also charges the Defendants with registration violations. Records indicate that Kholamian had an affinity in
Trium Capital, the London-based alternative asset manager, has launched the Trium European Equity Market Neutral UCITS Fund. The proven strategy, which synthesises quantitative and fundamental analysis, has successfully generated alpha, irrespective of market conditions, with minimal drawdowns over its eight-year track record.
The fund will be co-managed by Nikki Martin and Tom Ayres, who have successfully refined and implemented the strategy at leading investment houses, including BlueCrest. The fund takes a differentiated approach to European equity market neutral investing. Developed over more than a decade, their investment process is a synthesis of highly objective, proprietary, data-driven analysis and deep, sceptical,
