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The Commodity Futures Trading Commission (CFTC) has exempted certain multilateral trading facilities (MTFs) and organised trading facilities (OTFs) authorised within the European Union (EU) from the requirement to register with the CFTC as swap execution facilities (SEFs).
The order will become effective on 3 January, 2018.
“Today’s announcement by the CFTC of a registration exemption for EU-authorised trading venues, combined with Tuesday’s announcement by the European Commission of an equivalence decision for CFTC-authorised trading venues, represents the third time in two years that the CFTC and the European Union have been able to work together to defer to each
Gresham House, a specialist alternative asset manager, has launched a new online investor portal aimed at providing the firm’s clients with a co-investment service, greater visibility into their holdings and a level of transparency on underlying private assets that is typically only seen in the public markets.
The portal will enable clients to access deal by deal co-investment opportunities in a structured and simple manner. Users will have access to information on the underlying assets, including appraisal and investment papers where available, allowing them the discretion to increase their investment into the regions, sectors or deals specific to their interests.
The Securities and Exchange Commission (SEC) is delaying the implementation of rules requiring large mutual funds to submit monthly details of their portfolio holdings to the Commission while it improves the security of its EDGAR filing system which was hacked in 2016.
For the first nine months after the original Form N-PORT compliance date of 1 June, 2018, larger fund groups will maintain the required information in their records and make it available to the Commission upon request instead. Smaller fund groups will have to comply with the requirements one year after larger fund groups begin filing the form.
The
The majority of hedge fund managers (57 per cent) are innovating to improve their operational efficiency in response to market disruptions, and to avoid falling behind the industry.
That’s according to the EY 2017 Global Hedge Fund and Investor Survey: ‘How will you embrace innovation to illuminate competitive advantages?’
The 11th annual survey found that hedge fund managers are actively seeking innovative ways to improve operational efficiency and grow their asset base, as pressure on margins shows no signs of abating. Meanwhile, investors also say they recognise the need for managers to innovate, with 30 per cent noting they want managers
Hedge funds extended 2017 gains through November, driven by ongoing US economic growth and significant merger and acquisition (M&A) activity, according to data released by HFR.
The HFRI Fund Weighted Composite Index® gained +0.5 per cent in November, led by Equity Hedge and Special Situations funds, marking the 13th consecutive monthly advance and bringing YTD performance to +7.5 per cent. The gain extends the record Index Value for the HFRI to 13,926.
Equity Hedge (EH) funds led all main strategies in November as the HFRI Equity Hedge (Total) Index advanced 1.1 per cent, bringing YTD performance to +12.1 per
Oxial has launched GDPR Express; a GDPR compliance solution aimed at mid-sized financial services firms. This new solution brings a digitised compliance approach to remove the GDPR burden and offer continuous compliance and high level data security.
With the deadline for the EU’s General Data Protection Regulation (GDPR) coming into effect on 25 May 2018, the GDPR Express solution uses an automated digital compliance approach to offer 100 per cent GDPR compliance. Live and operational in less than 90 days, the new solution is based on Oxial’s years of experience in risk management, IT security and compliance.
“GDPR is
Two specialists in Banking and Finance and Investment Funds have joined Ogier in Cayman. Debt capital markets and structured finance expert Kristi Green, and hedge funds specialist Emma Sutherland, have both been appointed as Counsel.
Crow Point Partners (CPP), an investment advisor providing global alternative investment management solutions, has entered a strategic partnership with Cold Creek Capital (Cold Creek).
The two Boston-based boutique managers will collaborate on existing investment strategies. Additionally, Crow Point will provide Cold Creek with an outsourced operations platform.
Thomas Norton (pictured), one of Cold Creek’s founders, says: “Infrastructure costs are a burden on boutique firms like ours. By utilising Crow Point’s operations expertise, we can direct more resources toward the investment management process which will benefits our investors. We also look forward to being able to utilise Crow Point’s proprietary
Thomson Reuters has strengthened its solutions portfolio for quantitative analysis with the launch of I/B/E/S Point in Time (Point in Time), which offers the buy-side another powerful tool for financial backtesting and historical analysis.
Point in Time is built on the Thomson Reuters I/B/E/S Quantitative File System and I/B/E/S historical databases.
Forward-looking bias in investing occurs when investment professionals incorrectly assume they knew something at a particular point in time. Point in Time introduces the concept of a point date, which is the date of the file that the data appeared in. By utilising a point date, a client could
Businesses across Europe are unprepared for the EU’s General Data Protection Regulation (GDPR), which comes into law in May 2018, according to new research conducted for audit tax and consulting firm RSM by the European Business Awards.
The survey, completed by 400 of Europe’s successful business leaders, asked about their preparedness for GDPR and how the new regulation will impact their operations.
Less than 12 months before the new regulation comes into effect, only 8 per cent of business are ready for GDPR, and have made the necessary changes to be compliant with the regulation. Meanwhile, one in four
