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FTI Consulting has launched FTI Capital Management (Cayman) Limited, a US Securities and Exchange Commission (SEC) registered investment adviser focused on dealing with wind-downs of investment funds.
FTI Capital Management offers a new alternative to extract value for investors by replacing existing managers and returning capital to investors in a focused and cost-effective way.
FTI Consulting is one of the most active restructuring firms for investment funds in the Cayman Islands. FTI Capital Management will complement its existing liquidation, independent director and other financial advisory services, to offer a full range of wind-down options for funds.
“Traditionally, the
As part of its expansion in the Asian FX markets, XTX Markets’ Singapore entity (XTX) is building a new electronic foreign exchange (eFX) pricing and trading engine, which will go live in Equinix’s Singapore SG1 data centre in June 2018.
XTX believes that this SG1 build-out will enhance the eFX trading experience for XTX’s counterparties in the region and in turn, help increase participation rates and volumes for eFX activity conducted within Singapore to benefit the regional FX market ecosystem.
Wai Kin Chan of XTX says: “We are delighted to be supported by MAS with regard to our regional
Thomson Reuters has added sell-side research from Deutsche Bank, Kepler Cheuvreux and European Securities Network’s (ESN) to the Investment Research Marketplace (IRM) solution on its financial desktop platform Eikon.
Thomson Reuters IRM was launched on Eikon in March 2018 to help facilitate compliance with MiFID II research unbundling requirements, and hosts subscription-based collections of a select number of sell-side contributors. Buy-side firms are able to purchase these research collections by contracting directly with Thomson Reuters, and then consume them via Eikon. Any research acquired is designed to be seamlessly integrated with all Eikon research capabilities, including its flagship Advance Research Search,
The latest monthly hedge fund brief from Lyxor highlights that hedge fund performance since the end of March has been flat, according to several benchmarks.
The industry has deleveraged during the market turbulence in February and March and has thus not fully captured the market rebound in Q2 to date.
From the perspective of hedge fund strategies, the outperformance of Event-Driven, Global Macro and Relative Value Arbitrage was offset by the underperformance of L/S Equity and CTAs.
“Our views have marginally changed lately. While we continue to express an Overweight stance on Event-Driven and Fixed Income Arbitrage and
Smartkarma, an investment research network for independent research providers, has launched Boost Research, an accelerator programme designed to support investment analysts who want to start independent research businesses.
Boost Research aims to improve the overall supply of independent research to the market as well as increasing the variety of opinions in research to aid investment decisions and lead to better outcomes for end investors.
Just as Smartkarma has changed the nature of research production, consumption and distribution, with Boost Research it now wants to change the landscape of investment research provision, ensuring growth and improved diversity in the independent
Mosaic Smart Data (Mosaic), the FICC data analytics company, has added two finance and technology experts to its executive team – Stephen Caplen joins as Chief Financial Officer (CFO) and John Showell becomes the company’s new Chief Operating Officer (COO).
Caplen is a chartered accountant with over 20 years’ experience in financial services. Most recently, he was Deputy Group CFO at interdealer broker ICAP. He has also held posts as CFO at EBS, the spot FX electronic trading platform, and Deputy Head of Finance at the London Stock Exchange.
Showell is a Citibank FICC technology veteran, working at the
Global specialist fixed income manager, BlueBay Asset Management (BlueBay), has appointed Stephen Thariyan to the newly created role of Co-Head of Developed Markets.
Based in London and reporting to Raphael Robelin, Chief Investment Officer, Thariyan will work alongside Mark Dowding (Co-Head of Developed Markets) and will assume responsibility for the Developed Markets’ corporate credit investment process and help develop and grow BlueBay’s corporate credit strategies across investment grade, leveraged finance and convertible bonds.
Robelin says: “As we continue to grow our investment capabilities in response to constantly evolving markets and investor demands, our ability to generate superior investment performance
QuantConnect, an open-source, cloud-based algorithmic trading platform, has made Algorithm Framework, a tool that provides a defined structure for developing algorithms and allows users to share and utilise individual code modules from other members to build and enhance their strategies, available to its community of over 55,000 users.
The Algorithm Framework tool breaks down algorithms into five core features: Universe Selection, Alpha Creation, Portfolio Construction, Execution and Risk Management. The well-defined structure permits modules to be used interchangeably; allowing quants to quickly “plug in” to powerful new models from the community. Quants can focus their time and effort on coding
McLarty Capital Partners (MCP), a private capital provider to small- and medium-sized enterprises (SMEs), has rebranded as The Firmament Group (Firmament).
The new name reflects the firm’s evolution from an extension of the McLarty family office to a global investment platform focused on turning small business into big business. Firmament provides tailored debt and equity capital solutions directly to SMEs in the form of unitranche senior debt, junior debt, structured equity and common equity.
MCP was founded in 2012 by Franklin McLarty and Christopher Smith to support the robust capital needs of small businesses, a traditionally underserved portion
The Commodity Futures Trading Commission (CFTC) has approved Australian Securities Exchange Limited’s (ASX 24) application to permit direct access for US customers to trade on its platform.
ASX 24, a foreign board of trade (FBOT) is now registered with the CFTC and allowed to permit members and other participants in the US to trade by direct access on the exchange without having to trade through an intermediary. In order to be registered with the CFTC, an FBOT must be legally organised under its home country regulatory regime and must be subject to relevant regulations and appropriate supervision.
The ASX 24
