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The SS&C GlobeOp Forward Redemption Indicator for October 2018 measured 2.66, down from 3.35 per cent in September.
“SS&C GlobeOp’s Forward Redemption Indicator for October 2018 was 2.66 per cent, a small improvement from the 2.69 per cent reported a year ago, and well below the long-term historical average for the calendar month of October,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The favourable trend we’ve observed in redemptions has continued through recent months’ market volatility. Investors clearly believe hedge fund managers are well-positioned to earn attractive returns in this environment.”
The SS&C GlobeOp Forward Redemption Indicator represents
London Stock Exchange Group (LSEG) is in the process of acquiring further shares in LCH Group Holdings Limited (LCH), which will increase its majority ownership of this strategic business.
LSEG has entered into agreements with certain minority shareholders of LCH to acquire up to a further 15.1 per cent of LCH’s share capital which is expected to take its majority ownership to over 80 per cent, subject to the pre-emption process contained within LCH’s Articles of Association (the “Acquisitions”). The total cash consideration payable by LSEG will be up to a maximum of EUR438 million (GBP384 million).
The Acquisitions
A New York federal court has ordered New York trading firm Gelfman Blueprint and its Chief Executive Officer Nicholas Gelfman to pay over USD2.5 million in civil monetary penalties and restitution in what is the first anti-fraud enforcement action involving bitcoin filed by the Commodity Futures Trading Commission (CFTC).
James McDonald (pictured), the CFTC’s Director of Enforcement, says: “This case marks yet another victory for the Commission in the virtual currency enforcement arena. As this string of cases shows, the CFTC is determined to identify bad actors in these virtual currency markets and hold them accountable. I’m grateful to the
Artivest, a provider of alternative funds and technology solutions, has appointed Kamal Jafarnia as General Counsel and Chief Compliance Officer.
Jafarnia (pictured), brings more than 25 years of experience as an attorney and compliance professional to this role, having advised public and private companies – including alternative investment program sponsors – on complex securities offerings, regulatory and compliance issues, mergers and acquisitions, and corporate governance.
Jafarnia plans to allocate his time between Artivest’s New York and San Diego headquarters, and reports directly to James Waldinger, Artivest’s Founder and Chief Executive Officer.
“As regulations governing wealth and investment management
Avelacom, a high-performance connectivity and IT infrastructure solutions provider for the financial services industry, has extended its connectivity offerings to South Africa, enabling trading firms to access the Johannesburg Stock Exchange (JSE) in a fast and reliable way.
Global banks, HFTs and hedge funds accessing the JSE can now obtain ultra-low latency market data and order handling with microsecond timestamps.
Avelacom has launched a long-haul fibre route between London (LD4) and the JSE through its new point-of-presence (PoP) in Johannesburg. Its primary path connects London and Johannesburg along the west coast of Africa, delivering 155.8 milliseconds round-trip latency.
Avelacom also uses
With the rise in the popularity and value of cryptocurrencies around the world in recent years, G4S has developed an innovative new service offering high-security offline storage that helps to protect assets from criminals and hackers.
Once a niche dream for idealistic computer scientists, the popularity of crypto-assets has become more and more mainstream. With that growth, the value of cryptocurrencies like Bitcoin, Ethereum, XRP and Litecoin has increased at an unprecedented rate. In the space of few years the value of a single Bitcoin has risen from USD800 to over USD6000. For people and companies around the world the
Hedge fund capital began Q4 2018 at a new record level for the ninth consecutive quarter as investors continued the Q2 redemption trends from Macro, Event-Driven, and Relative Value strategies, while Equity Hedge strategies also experienced small outflows in Q3 2018.
Despite investor outflows, hedge fund performance drove total industry capital to a net increase of USD8.4 billion, ending the quarter at a record USD3.24 trillion, according to the latest HFR Global Hedge Fund Industry Report.
Following the USD3.1 billion net outflow in Q218, investors redeemed an estimated USD9.1 billion in Q3 2018, the second consecutive quarter of
Trium Capital, a London-based alternative asset manager, has hired Adrien Szappanyos to manage a new top-down equity long/short strategy.
Szappanyos’ appointment is one of several recent high-profile hires, as Trium prepares to unveil a broader proposition to investors later this year.
Szappanyos brings a wealth of experience to the new role, having spent the past six years managing fundamental and technical strategies at a family office. Prior to this, Szappanyos was a partner at Third Phase Capital Management and managing partner of ACS Capital – while he also successfully managed the Dynacap European Opportunity Fund, which returned more
Hedgeweek, in partnership with Intralinks, hosted a webinar to present the findings of a global LP survey that sought to determine investor sentiment towards general partners of alternative investment funds.
Why is this? What are the underlying dynamics at work that are impelling institutions to explore direct investments alongside their existing commingled and co-investment allocations? What benefits are they striving for? Which regions are they favoring?
Obviously there are associated risks to this, not least how such activity could impact LPs existing relationships with their GPs. Join the panel as they discuss the implications
Michael Nitka, Managing Director, Credit Investments,
With the Bahamian financial sector undergoing a period of intense disruption, in both the common and the business sense of the word, The Bahamas must continue to build its industry up to a place where the innovation that comes out of this sector is an equally formidable force as the disruption being experienced within the global financial system.
That’s according to the The Hon Peter Turnquest, the Bahamas Deputy Prime Minister and Minister of Finance.
In addressing members of the Bahamas Financial Service Board’s at their annual meeting in September, the Deputy Prime Minister, said: “ If in the past,
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