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The Managed Funds Association (MFA) has written to both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) proposing a ‘harmonized approach to the regulation of firms that are SEC-registered investment advisers (RIAs) and also CFTC-registered commodity pool operators (CPOs).’
The MFA says these dually registered firms are currently subject to a range of duplicative and overlapping regulatory requirements and that both commissions could create ‘significant efficiencies’ by taking a more coordinated approach to their regulation by adopting a ‘primary regulator safe harbour’.
THE MFA’s proposal would see eligible dual registrants establish either the CFTC
Industrial companies are now predicted to be most in demand from activist investors, according to the findings of global professional services firm Alvarez & Marsal’s (A&M) latest analysis and predictor of shareholder activism in Europe, the “A&M Activist Alert”, or “AAA”.
In addition, of the 148 European companies predicted to be under threat from public activist targeting, 56 of these are U.K. companies. This cements the UK’s status as the most attractive market in Europe for activists.
The report reveals that throughout Europe, conglomerates face heightened likelihood of activism. Uneven performance by division increases the likelihood of being
AcadiaSoft Inc, a provider of risk and collateral management services for the non-cleared derivatives community, is collaborating with Capitalab, a division of BGC Brokers, for the provision of their initial margin (IM) optimisation service.
The service is designed to allow clients calculating IM to optimise exposures to result in lower margin payments and to reduce capital funding requirements.
“Optimisation services meet an important need for the derivatives market, as firms posting IM seek to reduce costs,” says Fred Dassori (pictured), head of strategic development at AcadiaSoft, “and the relationship with Capitalab allows us to provide even more options via
Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has launched an aggregate bond service to help clients access fixed income trade data that is available as a result of MiFID II in a single, simple aggregated data feed.
The trade data from approved publication arrangements (APAs) and multilateral trading facilities (MTFs) that were created as a consequence of MIFID II is a critical new source of insight for firms trading bonds and other fixed income instruments, wherever they are based. It can be used for analysis of comparable and correlated instruments traded anywhere, making the European fixed income
BakerHostetler has appointed Adam Gale, a seasoned attorney who advises investment funds and managers on a variety of fund formation and compliance matters, as a partner and co-leader of the firm’s Investment Funds team.
Gale joins the firm from Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, where he was co-leader of its Investment Funds practice.
Gale’s practice focuses on counselling middle-market private investment funds on a wide range of matters, including forming and structuring US and international private investment funds, representing institutional investors in their investments, providing regulatory and compliance counsel to funds and asset managers, advising on initial
Oxane Partners, a technology-driven solutions provider to the alternative investments industry, has signed long term engagements with four New York based firms in the last six months, strengthening its foothold in the US market.
The new clientele, all credit-focussed investment firms with interests in real estate, specialty finance and alternative lending would be leveraging Oxane’s portfolio management, reporting and analytics solutions.
The common theme, across the newly added clients, was the challenge in managing the growing volume of unstructured data and to consolidate, standardise, process and analyse it for efficient portfolio management. The firms were saddled with increasing complexity
Hedge Funds gave up 3.06 per cent in October according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 6.84 per cent decrease in the S&P 500 Total Return Index. Year to date, the Barclay Hedge Fund Index is down 1.90 per cent, while the S&P has gained 3.01 per cent.
“Slowing growth, rising interest rates and trade wars contributed to the largest monthly decline in the S&P 500 since September 2011,” says Sol Waksman, founder and president of BarclayHedge. “US equity markets lost approximately USD2 trillion in value during the month.”
Overall, 16 of Barclay’s 17
Maples Fiduciary, a division of MaplesFS and leading global provider of specialised fiduciary, entity formation and management, insurance and administration services, has appointed Campbell Congdon and Wendy Zhang as independent directors.
They will provide fiduciary services to a wide range of alternative investment funds, including hedge funds, fund of funds, private equity funds, unit trusts and segregated portfolio companies.
As governance issues have come to the forefront and investors and regulators are increasing their demand for stronger oversight, Maples Fiduciary has enjoyed a long standing reputation in the industry as one of the premier independent professional service providers that
FundRock Management Company (FundRock) has completed the acquisition of SEB Fund Services (SEB FS) from Skandinaviska Enskilda Banken AB (publ) (SEB).
The deal was first announced on 22 May and has concluded following regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF).
SEB FS is offering third party management company services to Nordic asset managers with Luxembourg-based investment funds. The business in its entirety, including some 20 employees, is as of today transferred to FundRock.
“This move is part of our five year plan and provides a strong foundation to reach our goal of becoming
A federal court in New York has entered orders against Kevin P Whylie of Ozone Park, New York, Matthew James Zecchini of East Islip, New York, and the New York hedge fund they co-founded, Algointeractive, to pay more than USD1 million in civil monetary penalties and restitution.
The Court’s Orders resolve the Commodity Futures Trading Commission’s (CFTC) enforcement action against the Defendants, filed on 11 April, 2018, which charged them with fraudulent solicitation and misappropriation of funds, among other charges.
Judge Loretta A. Preska of the US District Court for the Southern District of New York entered two Orders:
