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The introduction of the Tax Cuts and Jobs Act (TCJA) in the United States last December has been keeping tax specialists and accountants particularly busy, as hedge fund managers and family offices seek to best position themselves under this new tax regime.
Kaizen Reporting (Kaizen), a specialist regulatory reporting firm, is extending its award-winning assurance service, ReportShield, to cover MiFIR trade reporting.
Under MiFID II, investment firms are required to report on both trades and transactions. Trade reporting improves the near to real-time trade transparency information published to potential investors. Financial details of trades are reported to an Approved Publication Arrangement (APA) for dissemination to the market. In transaction reporting trade details must be reported in T+1 to an Approved Reporting Mechanism (ARM) which validates the data before sending the reports to regulators.
Kaizen has hired Chris Machin (pictured), who was instrumental
The recent losses posted by Greater China equity fund managers nearly depleted their relative outperformance over their North American counterparts accumulated since the end of 2016, according to figures released by Eurekhedge.
Owing to the underlying regional equity market rally, equity fund managers focusing on Greater China region returned 32.06 per cent in 2017, vastly outperforming equity fund managers focusing on North America, who returned an average of 9.70 per cent.
However, the Greater China mandate has been under severe pressure from the ongoing trade tension and weak currency. The Eurekahedge Greater China Long Short Equities Hedge Fund Index
QCP Capital, an Asian digital-asset trading firm, has connected to the trading platform of Seed CX which, through its subsidiaries, offers a licensed exchange for institutional trading and settlement of spot digital asset products and plans to offer a market for CFTC-regulated digital asset derivatives.
With this connection, Seed CX is bridging geographically disparate liquidity pools by providing Singapore investors access to a licensed and regulated exchange, and U.S. investors to liquidity and order flow from the extensive digital-assets trading ecosystem in Asia.
“Seed CX’s mission is to be the preferred trading venue for leading institutions across the world,”
Copper.co, a crypto portfolio manager for institutional investors, has launched a bespoke prime brokerage for digital assets.
The SEC has issued and settled charges against professional boxer Floyd Mayweather Jr and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs).
These are the SEC’s first cases to charge touting violations involving ICOs.
The SEC’s orders found that Mayweather failed to disclose promotional payments from three ICO issuers, including USD100,000 from Centra Tech Inc, and that Khaled failed to disclose a USD50,000 payment from Centra Tech, which he touted on his social media accounts as a “Game changer.” Mayweather’s promotions included a message to his Twitter followers
KKR has announced a newly promoted group of 18 Managing Directors, effective 1 January 2019.
“We are thrilled to congratulate an exceptional group of senior leaders on this milestone and thank each of them for their significant contributions to maintaining our firm’s culture, integrity and success,” said Henry Kravis and George Roberts, Co-Chairmen and Co-CEOs of KKR. “Nothing pleases us more than delivering results for our portfolio companies and our investors and recognising the individuals for their part in helping KKR achieve that mission.”
The new Managing Directors at KKR are: Ali Allahbachani, Lew Breckenridge, Doug Brody, Terence Gallagher,
Refinitiv and Tradeweb Markets (Tradeweb) have renewed an agreement to make certain Tradeweb market data – including new data sets – available for exclusive redistribution through Refinitiv.
The expanded, multi-year agreement enables financial professionals to access Tradeweb data across multiple Refinitiv platforms and solutions, based on the user’s individual preferences and workflow requirements. This includes Refinitiv’s flagship financial platform, Eikon, as well as Elektron, Datascope, Refinitiv cloud-based solutions, and Tick History. The new agreement provides for the delivery of additional data sets across multiple fixed income instruments across credit, rates, money markets as well as cash and derivatives. The data
BTIG has appointed Jennifer Bloom and Rachel Lucas, Managing Directors, as Co-Heads of US Capital Introduction. Bloom and Lucas have been instrumental in building the Capital Introduction business, holding key leadership roles within the division for nearly a decade.
In their new roles, they will continue to be based out of the firm’s New York office and will report to Peter Tarrant (pictured), Head of Business Development and Global Capital Introduction at BTIG.
Bloom and Lucas will manage an active team of Capital Introduction professionals across the New York, San Francisco and Dallas regional offices. As a value-added service
Jessica Nicosia and Cian Desmond have joined Wilshire Funds Management as a Vice President and Assistant Vice President, respectively.
Nicosia will assist in developing Wilshire’s robust alternatives offering, supporting the firm’s efforts to identify and provide customised alternative investment solutions to financial intermediaries and institutions globally. Desmond joins Wilshire’s Manager Research Group, primarily focused on alternative investment strategies.
“It is with great pleasure that we welcome Jessica and Cian to Wilshire, particularly as investor interest in alternatives increases. These additions to our team are a direct reflection of the firm’s commitment to enhancing our alternatives expertise,” says Jason
