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The Commodity Futures Trading Commission (CFTC) has unanimously approved final amendments clarifying and simplifying its regulations governing chief compliance officer (CCO) duties and annual compliance reporting requirements for futures commission merchants (FCM), swap dealers and major swap participants.
“The Commission’s approval of these amendments demonstrates our commitment to efficient and effective regulation,” says CFTC Chairman J Christopher Giancarlo (pictured). “Over the last year, rules and regulations have been re-evaluated to ensure they are not overly burdensome, while maintaining or improving their overall effectiveness.”
The amendments clarify a CCO’s duties by providing reasonable standards and guidance on effective compliance.
The SS&C GlobeOp Forward Redemption Indicator for August 2018 measured 2.73 per cent, up from 2.40 per cent in July.
“SS&C GlobeOp’s Forward Redemption Indicator for August 2018 of 2.73 per cent was a very strong result for the hedge fund industry, markedly better than the 3.55 per cent reported for the same period a year ago and the second lowest level of redemption notices for any calendar month of August since the inception of the Indicator in 2008,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The August 2018 reading of 2.73 per cent continues the generally favourable trend
Fund manager Peter Lucey is planning to launch a new risk mitigation fund, Bull & Bear, on 1 October.
Although only 30, Lucey (pictured), already has nearly a decade of fund management experience. After building his previous fund, Arsenal Advisors from the ground up, and a stint at Morgan Stanley, his new offering is a risk mitigation fund, which he says is ‘uncorrelated to the overall economy, and seeks to drive a conservative return in both up and down markets’.
The new fund is designed to offer investors risk/return characteristics that are different from traditional long-only equity or fixed
Jim Gentleman has rejoined independent investment management, investment consulting and services firm Wilshire Funds Management as a Managing Director.
In this role, Gentleman will assist in growing the firm’s presence as a leading provider of multi-asset, retirement and alternative investment solutions with financial intermediaries globally. He will support Wilshire’s efforts to identify and develop solutions around asset allocation advice, model portfolio delivery, manager research outsourcing and alternative investment strategies.
“We are delighted that Jim is rejoining our organisation,” says Jason Schwarz (pictured), President of Wilshire Funds Management and Wilshire Analytics. “His extensive experience working with financial intermediaries and
Optimal Asset Management has launched a direct indexing service for institutional investors and investment advisors. The indices available for direct indexing are S&P Dow Jones Indices’ flagship S&P 500, S&P MidCap 400, S&P SmallCap 600 and select factor indices.
Since launching in 2012, Optimal Asset Management has emerged as a leader in the democratisation of investment technology and practice. Adding direct indexing services through Factor Allocator, a comprehensive platform which was introduced in 2017, is Optimal Asset Management’s latest phase in delivering institutional grade solutions to pension funds, family offices and investment advisors to whom such solutions were previously out
Hedge funds are up 0.43 per cent so far in 2018, their weakest performance on record since 2008 when they declined 0.23 per cent in the seven months up to July, according to the August 2018 Eurekahedge report.
Almost 49 per cent of managers are in the green for the year with roughly 13 per cent of these managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management have increased by USD6.8 billion as of July 2018 year-to-date, down from USD126.7 billion over the same period last year as performance driven
The Employees Retirement System of Texas (Texas ERS) and PAAMCO Launchpad are to hold their first hedge fund emerging manager on 24-25 October 2018 at KKR’s office in New York City.
The event follows the creation of PAAMCO Launchpad, an innovative and well-funded co-investment platform for seeding and supporting emerging hedge funds. Texas ERS is the inaugural partner with PAAMCO Launchpad. The event is designed to bring together a select number of emerging managers from all over the country as well as certain other industry participants.
At the October event, the team will discuss their vision for the PAAMCO Launchpad platform,
Edge Technology Group, a Managed Service Provider to the financial sector, has released a paper exploring several key factors to aid investment firms in developing an informed cloud migration strategy.
The paper also provides key findings from the Gartner research report, ‘Build the Right Justification for Moving to the Cloud’ (Kevin Ji; Refreshed 27 July 2018, Published 15 May 2017). The paper is designed to aid firms in mapping a successful cloud migration for their particular use cases.
As cloud computing continues to evolve, the views on the value of public versus private cloud are also developing. In many
CreativeCap Advisors,a premier global asset management consulting firm, has added Richard S Heller, Partner at Thompson Hine, as one of the mentors for the firm’s Global Emerging Manager Incubator.
Heller (pictured), joins the global mentor network having extensive experience working with fund managers helping them to structure their funds and advising them on best practices in building a quality fund business.
“We are very excited to welcome Richard Heller to our global network of mentors. We are confident that his vast experience and expertise will better enable our incubatees to build superior and stronger businesses,” says Tyra S Jeffries,
Following extensive consultations with industry which began earlier this year in May, ending 27 July, the Derivatives Service Bureau (DSB), has published its Industry Consultation Report, August 2018, which comprehensively captures industry feedback, and documents a significant call for the DSB to create additional use cases for ISINs on OTC Derivatives.
As well as industry calls for additional use cases for ISINs, as a direct result of consultations, the DSB will also be implementing changes to the DSB Product Committee, to ensure for even broader industry participation and engagement. These changes will be complemented by further improved service levels, which
