Latest News
Deutsche Börse, together with the European Trade Repository REGIS-TR, is helping clients to meet regulatory requirements under the new MiFID II European financial directive.
REGIS-TR is jointly run by Deutsche Börse’s subsidiary Clearstream and Iberclear (BME Group). The Markets in Financial Instruments Directive (MiFID II) will enter into force in 2017.
Deutsche Börse is offering clients two services here: firstly, the MiFID II Transaction Reporting Service, which enables clients to submit the relevant data (e.g. executing trader and reason for transaction) to the national competent authorities. This data must be reported through a so called “authorised reporting mechanism” (ARM).
- 29/09/2015
Exchange Date International (EDI) is to provide Market and Corporate Actions data to AQMetrics clients through AQMetrics cloud based risk and compliance software.
AQMetrics delivers turnkey Pre and Post Trade Monitoring for Reg NMS, OATS and OTS reporting, UCITS Rules Monitoring, AIFMD Risk Management and Annex IV Reporting, AML/KYC and UBO monitoring, EMIR Reporting and OPERA Reports. Using AQMetrics firms can: track investor activity, orders, executions and holdings from pre to post trade; receive risk alerts and notification of compliance breaches; and gain access to a dedicated team of industry specialists who assist in the simplification of regulatory risk and
- 29/09/2015
The Managed Funds Association (MFA) today announced its 2015-2016 Board of Directors and newly elected officers. The new Board and officers will provide governance oversight to MFA and help guide the Association’s advocacy, education and communication efforts on global issues impacting the alternative investment industry.
MFA’s Board unanimously elected David C Haley, President, Managing Director, HBK Capital Management, as the Board Chair; Michael S Harris, President, Campbell & Company, Inc, as Vice Chair; Mikael A. Johnson, Senior Lead Partner, Alternative Investments, KPMG LLP, as Treasurer; and Bruce S Darringer, Member and Chief operating Officer, King Street Capital Management GP, LLC,
- 29/09/2015
- 29/09/2015
Industry veteran Marjorie Kaufman (pictured) has joined Activist hedge fund manager Barington Capital Group as a partner in charge of marketing and investor relations.
Kaufman’s mandate is to bring Barington’s impressive 15-year record as an activist investor to the family office and institutional markets.
Kaufman brings extensive capital raising and relationship management experience to Barington. Most recently, she was Managing Director and Head of Marketing at Guggenheim Global Trading, a multi-strategy hedge fund. Previously, she served as a Managing Director with Golden Seeds, helping emerging companies secure financing. From 2003 through 2010, Kaufman was Managing Director and Head of
- 29/09/2015
Dublin-based asset manager Mediolanum Asset Management has chosen private financial cloud provider Options as its new managed application and hosting provider.
The deal sees Options deliver FusionInvest, Misys’ fully integrated portfolio and risk management solution, as a fully managed service for Mediolanum in partnership with the technology consultancy firm, Cronos Consultants Group. The announcement follows Mediolanum’s recent decision to overhaul its entire IT platform to implement a new front-to-back data management solution in conjunction with Misys.
Mediolanum will leverage Options managed application solution, Momentum. Momentum combines a global platform, for hosting dozens of customer proprietary applications, with a standardised platform for
- 29/09/2015
The Managed Funds Association (MFA) has updated its equity market structure recommendations with the Securities and Exchange Commission (SEC) and other regulators.
MFA’s recommendations would help improve critical market infrastructure, reduce operational risk, improve the overall quality of the US equity markets and strengthen investor confidence through greater disclosure and transparency.
MFA also urged regulators to consider conducting regular data-driven reviews of parameters for market volatility controls; to develop and implement contingency plans and interim processes with respect to closing auctions and other technical outages; and to enhance order handling and trading data transparency and accuracy so that investors
- 29/09/2015
Figures from the European Securities and Markets Authority (ESMA) have underlined the strong relationship between Guernsey’s fund industry and the European marketplace.
Data contained within ESMA’s advice on the granting of third country passports under the Alternative Investment Fund Management Directive (AIFMD), reveal that Guernsey was the third largest non-EU fund domicile, behind only the US and Cayman Islands, for the number of non-EU AIFs and non-EU AIFMs marketing into the EU Member States of the UK, Ireland, Sweden, the Netherlands, Luxembourg, Finland, Denmark and Belgium for the nine-month period up to March 2015*.
The UK remains a key
- 29/09/2015
Richard Bloom, Dennis Cancellarich, Ira Cooperman, Jerome Devillers, Pierre-Marie Lagnaud, George Parker and Anthony Stranix have been named Equity Partners at WeiserMazars while Debra Bornstein has been named Equity Principal.
“WeiserMazars continues to experience strong growth and these promotions demonstrate our recognition of the talented team that are key contributors to our success,” says Victor Wahba (pictured), WeiserMazars Chief Executive Officer. “On behalf of the Partnership, I am pleased to congratulate them on this career milestone and to thank them for their leadership and dedication to excellent client service. I am particularly pleased to welcome new Partners Ira Cooperman, Dennis
- 29/09/2015
Cadwalader, Wickersham & Taft has appointed fund finance practitioners Michael C Mascia and Wesley A Misson as partners.
The addition continues the firm's global expansion, with nine lateral partners and their teams joining the firm to date in 2015, and builds on the firm's significant presence in Charlotte, NC.
Mascia and Misson have a globally recognised practice in subscription credit facilities (SCFs) and fund finance, representing lenders in facilities to many of the world's preeminent real estate and private equity funds. Mascia, previously Co-Head of Mayer Brown's Global Lending Practice, is the founder of the annual Subscription Credit Facility
- 29/09/2015
A new report from Cerulli Associates finds that the hunt for a better return is leading growing numbers of European retail investors toward alternative funds.
This phenomenon will create opportunities for asset managers willing to be flexible on fee structures, the firm details in the latest issue of The Cerulli Edge – European Monthly Product Trends Edition.
Cerulli Associates says providers are making hitherto closed-off vehicles more accessible, boosting liquid alternatives including retail-friendly hedge funds, which are now available on direct-to-consumer platforms. The firm says that such funds number 500, with assets under management having more than doubled since the
- 29/09/2015
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