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Intercontinental Exchange ICE Benchmark Administration (IBA) has been chosen as the new administrator of the London Bullion Market Association (LBMA Silver Price). IBA expects to assume responsibility for the LBMA Silver Price in Autumn 2017.
“We are pleased to become the administrator for the LBMA Silver Price,” says Finbarr Hutcheson (pictured), President, IBA. “The decision by the LBMA membership reflects our commitment and investment in making the LBMA Gold Price IOSCO compliant over the last two years. Our centrally cleared model has already enabled broader participation and we continue to expand the Gold auction. We anticipate this will support expanded
By George Ralph (pictured), RFA – Cyber security has never been as important as it is today. The Cyber Security Breaches Survey 2017, published recently by the Department for Culture, Media and Sport and undertaken by Ipsos Mori highlights some statistics that should make even the most jaded CIOs sit up and take notice.
Of the 1500+ businesses surveyed, 74 per cent say cyber security is a very high priority for their senior management, and 67 per cent have spent money on cyber security in some shape or form in the past year. For medium sized businesses, the number of organisations
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2017 measured 0.04 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.80 per cent in July.
“SS&C GlobeOp’s Capital Movement Index for July 2017 was -1.80 per cent, compared to -2.53 per cent a year ago for July 2016. The month of July typically sees a net outflow owing to seasonal factors, so this smaller net outflow is actually a very positive result,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “In fact, July 2017 marks the
Now in its 35th year in the US and 6th year in Europe, the CBOE Risk Management Conference (RMC) is due to be held at the Grove Hotel, resort and golf club, near London, from Monday, 11 September to Wednesday, 13 September.
Hosted by the Chicago Board Options Exchange (CBOE), RMC is an educational forum dedicated to exploring the latest equity derivatives trading strategies, products and tactics used to manage risk exposure and enhance yields.
As CBOE is the creator of the CBOE Volatility Index (VIX) and home of VIX options and futures trading, it is no surprise that
Crown Capital Partners, a provider of growth capital to mid-market companies, has completed a USD50 million closing for Crown Capital Fund IV, bringing the current total capital committed to the Fund to USD225 million.
To date, USD190 million has been invested by the Fund in nine transactions, and, net of repayments, USD167 million is currently invested.
“This upsizing further underscores the quality of our growing portfolio and the strong demand from our institutional limited partners,” says Chris Johnson (pictured), Crown’s President & CEO. “We continue to deliver on our key milestones. We have completed four transactions to date in
Keith Smith and Willow Oak Asset Management have launched a private investment partnership named the Bonhoeffer Fund, LP.
The Bonhoeffer Fund’s portfolio will be managed by Keith Smith with administrative support provided by Willow Oak Asset Management, a subsidiary of Sitestar Corporation (OTCQB: SYTE). Smith will employ a long-only, concentrated, value-oriented strategy with a focus on global securities of companies with market capitalisations of USD100 million to USD500 million.
“This partnership gives outside investors an opportunity to access the investment strategy that I have developed and executed for more than 15 years across various international markets. Bonhoeffer Fund will
Alternative asset management firm Magnetar Capital (Magnetar) has opened a new office at Heritage Plaza in downtown Houston, Texas, to support the firm’s expansion of its energy franchise.
“Magnetar is establishing a Houston office to manage the firm’s growing investment activities in the energy sector,” says Ernie Rogers, Chief Operating Officer at Magnetar. “We believe this infrastructure expansion will nicely complement our existing footprint, while also adding value for our clients and energy sector relationships.”
Led by partners Eric Scheyer and Adam Daley, Magnetar’s energy business began investing in the North American energy sector in 2005 and today manages
Alternatves manager LCM Partners has acquired a significant European portfolio of non-performing and re-performing loans. This landmark deal sees LCM purchase EUR3 billion of assets, comprising over 400,000 individual loans of secured and unsecured, consumer, auto, leasing and SME loans which were originated in the UK, Germany, Italy and Spain.
Investing via the LCM Credit Opportunities III strategy this purchase takes the total deployment to EUR1.3 billion. Managing EUR19.5 billion of loan value, LCM Partners is one of Europe’s largest investors in private debt.
“This transaction is a great example of how LCM is able to leverage its
Altegris Advisors has appointed Robert S Naka as Chief Operating Officer (COO). Naka will report to Martin Beaulieu (pictured), Executive Chairman and CEO of Altegris.
Following a strategic review of the firm’s offerings and priorities to better meet the evolving needs of its clients, this appointment reflects the firm’s commitment to delivering best-in-breed alternative investment solutions to individual and institutional clients.
Naka will oversee the firm’s Operations and IT departments to optimise the operational infrastructure of the firm’s systems, processes and personnel. He joins Altegris from Salient Partners, where he was Chief Operating Officer. In this role, Naka planned
Attend almost any financial industry event today and the chances are a panel discussion will refer to blockchain and the transformation opportunities it could afford the industry. It has become a buzzword, a term that one has to pretend to understand and nod sagely whenever it comes up in conversation. If you don’t understand blockchain, you’re not in the club, cast aside as a technological Luddite.
In short, blockchain is a shared digital, immutable ledger that records events or transactions within a fully distributed or peer-to-peer network, whether public or private, and verifies them across the number of participants operating
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