Latest News
Causeway Capital Management (Causeway) has hired Mark D Osterkamp as Head of Global Institutional Sales and Marketing.
He reports to Causeway’s Operating Committee of Sarah Ketterer, Causeway’s Chief Executive Officer, Harry Hartford, President, and Gracie Fermelia, Chief Operating Officer.
“We are delighted to have a professional of Mark’s caliber to lead Causeway’s global institutional sales and marketing,” says Ketterer. “Mark has impeccable credentials and a terrific reputation, and will no doubt strengthen our marketing efforts and relationships with our clients worldwide. We are always seeking to improve our firm, and we’re certain Mark will be a great fit with the
The European Power Exchange (EPEX SPOT) and the clearing house European Commodity Clearing (ECC) have introduced 15-minute continuous Intraday trading on the Belgian and Dutch local power spot markets. The first trading day was 10 July 2018.
“In Intraday trading, flexibility products with a sub-hourly modality are of growing importance, as they are indispensable to efficiently integrate renewables into the wholesale market,” says Jonas Törnquist, Chief Operating Officer of EPEX SPOT.
“The new contracts are designed to manage emerging flexibility challenges of power markets more efficiently. Therefore, the new products for the Dutch and Belgian markets bring a true benefit
Commodity merchandising firm Lansing Trade Group (Lansing) is to pay USD3.4 million to settle CFTC charges relating to the attempted manipulation of the price of certain wheat futures and options contracts that were traded on the Chicago Board of Trade (CBOT) and for aiding and abetting the attempted manipulation of the cash price for yellow corn from Columbus, Ohio.
As well paying as the civil monetary penalty, Lansing must also undertake remedial measures to implement and strengthen its internal controls and procedures relating to compliance with the anti-manipulation provisions of the Commodity Exchange Act (CEA) and CFTC Regulations, and to
The Commodity Futures Trading Commission (CFTC) has announced an award of approximately USD30 million to a whistleblower who voluntarily provided key original information that led to a successful enforcement action.
The award is the largest award made by the CFTC’s Whistleblower Program to date and the fifth overall.
“This is a major breakthrough for whistleblower protections,” says Stephen M Kohn, a whistleblower attorney and the pro bono Executive Director of the National Whistleblower Center. The CFTC has been slow in processing and granting awards for whistleblowers. Today’s USD30 million award is good news for whistleblowers who expose frauds in the trillion-dollar
Thomson Reuters has launched Eikon Digest, a proprietary personalised service containing the most significant news, research, data and information from Thomson Reuters Eikon, its financial desktop platform.
Eikon Digest builds on the strength of Reuters News which is renowned for breaking news, delivering comprehensive independent analysis and commentary on the latest world and financial market news and supplements and leverages a unique combination of artificial intelligence and Reuters editorial curation, designed to distill the most critical information from a vast array of trusted sources, saving clients time and helping ensure they are always aware of what matters to them the
Halfway through 2018, and hedge funds are producing very mixed results with just over half of reporting strategies positive for the year, according to the June 2018 eVestment Hedge Fund Performance Report.
Those funds that are positive are up an average of 5.3 per cent, while those in the red are down an average of 5.3 per cent. Overall industry returns were just slightly negative at -0.51 per cent in June, while 2Q 2018 returns were positive at +0.37 per cent and YTD 2018 returns stand at +0.16 per cent.
Among primary markets Broad Capital Structure funds are among
The Wilshire Liquid Alternative IndexSM, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.24 per cent in June, and -0.56 per cent for the second quarter in 2018.
Both returns underperformed the -0.19 per cent monthly return and 0.16 per cent quarterly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Volatility continued in the second quarter, as
FrontLine Compliance has strengthened its consulting team in response to the continued growth of the firm’s offerings of regulatory compliance advising and support for SEC registered investment advisers and private funds.
Mike Spero, a former Chief Compliance Officer, recently joined FrontLine Compliance as Senior Vice President to handle clients’ compliance requirements.
Spero specialises in complex regulatory compliance matters for investment advisers and private funds. With over seventeen years of compliance specific experience, he has excelled in senior compliance roles guiding money managers on the implementation and oversight of an effective compliance program. Spero most recently served as Chief Compliance
Thomson Reuters has introduced Rules-Based Order Routing (RBOR) to its Thomson Reuters REDI execution management system designed to enable traders to automate workflows in a flexible, customisable, and cost-efficient way.
Thomson Reuters RBOR is both multi-asset and global in scope.
RBOR gives traders the ability to set a number of order routing rules that determine which trades should be handled automatically or through manual intervention. This functionality allows traders to configure policies that assist in enabling and demonstrating best execution compliance. Based on a trader’s pre-determined preferences, RBOR automatically routes orders to a broker, or multiple brokers and/or algos,
SaxoSelect, a fully digital and automated investment service that enables clients of Saxo Bank to invest in pre-selected portfolios, has reported that its growth and risk-on managed portfolios have seen a 43 per cent increase in net capital flows in Q2.
The two Equity Portfolios of global stocks, which utilise the strategies and research from world leading experts at Morningstar and most recently, Nasdaq, target strong growth over the medium term. In the second quarter, these portfolios saw a 166 per cent increase in net capital inflows over first quarter flows.
Another group of portfolios, Trading Strategies, which are
