Latest News
Mid-year figures from Jersey’s regulator show that the Jersey Private Fund structure (JPF), launched last year, is continuing to show strong appeal across alternative asset classes.
According to statistics collated by the Jersey Financial Services Commission (JFSC), 130 JPFs had been established by 30 June this year holding combined total assets under management (AUM) of GBP19.4 billion.
The figures also show that around half of the AUM figure (48 per cent) is attributed to infrastructure, debt and credit funds, whilst hedge funds account for almost a third (29 per cent). Private equity and venture capital funds make up 16
Dash Financial Technologies, a capital markets technology and execution provider, has appointed James Doherty as Managing Director, Head of Equity Product.
Doherty (pictured), joins Dash following a nearly twenty-year tenure at Credit Suisse, where he co-founded the Advanced Execution Services (AES) electronic trading platform and managed the day-to-day product development of its algorithmic equities trading business. Prior to joining the AES group, he worked in the firm’s Equities Proprietary Trading, Fixed Income, and IT divisions. Most recently, Doherty was Managing Partner of a machine learning-driven investment firm he co-founded.
Dash Financial Technologies CEO Peter Maragos, says: “The buy side
Corlytics, a specialist in calculating and analysing regulation as a risk, has added a new free Regulatory Event Data (RED) app, which filters global, real-time, regulatory data to its RiskFusion software offering.
Corlytics says this is the first-time global regulatory updates and notices have been centrally collated via an app and made available for free, offering one of the most disruptive changes to the regulatory industry.
This regulatory data is otherwise paid for via a subscription service, or by accessing a regulator’s website directly and manually searching for enforcement activity or policy changes. By giving compliance officers and financial
BCS Global Markets (BCS GM) has partnered with Tigress Financial Partners LLC, to provide proprietary US equity market research to its clients, as part of their recently-announced strategic partnership.
Tigress, a leading women-owned institutional FINRA registered broker-dealer, was founded in 2011. Tigress currently provides strategic capital markets and M&A advisory services globally to emerging and mid-sized companies, Fortune 500 companies, government agencies, and state and local governments.
The firm is a recognised authority on US equity markets, offering tailored global wealth management services for domestic and international high-net-worth individuals. Ivan Feinseth, Tigress Financial Partners’ award-winning Chief Investment Officer and
An affiliate of LibreMax Capital (LibreMax), an asset management firm specialising in structured credit, is to acquire Trimaran Advisors, a US-based investment manager with expertise in managing collateralised loan obligations (CLOs), from KCAP Financial (KCAP).
Trimaran currently manages six CLOs with approximately USD3 billion of assets under management. Following the close of the transaction, Trimaran’s Chief Investment Officer and head of its CLO platform, Dominick Mazzitelli, will continue to lead the business, supported by the existing management team.
“Trimaran is a well-respected CLO manager with a seasoned team of investment professionals, whose strategy complements our deep structured credit expertise,”
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have successfully developed Delivery versus Payment (DVP) capabilities for the settlement of tokenised assets across different blockchain platforms.
This will help simplify post-trade processes and further shorten settlement cycles.
The DVP prototypes, developed with technology partners Anquan, Deloitte and Nasdaq, demonstrated that financial institutions and corporate investors are able to carry out the simultaneous exchange and final settlement of tokenised digital currencies and securities assets on different blockchain platforms. The ability to perform these activities simultaneously improves operational efficiency and reduces settlement risks.
The collaboration also demonstrated that
Coleman Research, a provider of primary research, has launched Coleman Exchange, a cloud-based software platform that helps research providers and the buy-side manage key aspects of the research interactions life-cycle.
With Coleman Exchange, users can use the platform for marketing availability, scheduling, managing subscriptions, and invoicing for analyst access and meetings. The platform also provides entitlements management and produces real-time reports which fully capture the consumption of subscription terms.
Coleman Exchange enables users to meet compliance, audit and reporting requirements and ensures analysts only interact with approved counterparts, delivering full control over access to research interactions. It is based on
By Daniel Carpenter, Head of Regulation at Meritsoft – “Not my problem gov” has long been the response from the major investment managers when it comes to settling transactions. In fairness, why should a BlackRock or Fidelity really care? After all, most of the time their brokers are responsible for telling a custodian bank about the specific settlement date.
Also, the vast majority of securities, including standard stocks and corporate bonds, are settled using the date of the transaction plus two days (T+2). There is, however, a problem on the horizon in the form of the Central Security Depository Regulation, more commonly referred
Linear Investments, a Prime Broker based in London’s West End, has partnered with Integral to provide its client base with the same level of service and functionality for FX that it already offers for equities, derivatives, and fixed income services.
Historically, Linear Investments has focused on providing prime services to professional and institutional clients across a broad spectrum of DMA investment products. Deployment of BankFXTM, Integral’s cloud-based platform, has enabled Linear Investments to design and customise every aspect of its FX platform with sophisticated pricing and risk management tools that are fully integrated with their existing systems. As a complete FX solution,
The Commodity Futures Trading Commission (CFTC) has filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc, for fraudulently mis-marking swap valuations to conceal significant trading losses.
The CFTC Order requires Bourne to pay a USD350,000 civil penalty and permanently bans Bourne from trading on exchange and seeking registration with the CFTC, among other prohibitions.
In connection with this action, the Division of Enforcement also issued its first public declination letter to Deutsche Bank AG and Deutsche Bank Securities Inc. (Deutsche Bank or the Bank) stating it is closing the related investigation into
