Latest News
Cowen Group is to join AltX’s team of strategic investors.
Cowen joins other lead investors of AltX including Wells Fargo & Company, Control Empresarial de Capitales, controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital, Andy Redleaf, CEO of Whitebox and Jeff Ubben, founder of Value Act Capital, as well as other prominent global investors.
AltX, founded in 2012, is an intelligence platform for the alternatives market, combining science, technology, relational and behavioural data, along with traditional financial analytics and regulatory data, all in one platform. Analytics, proprietary algorithms, big data, real time news and relationship mapping help both
- 10/09/2015
Convergence has released the Q2 update of the State of the Union of the Alternative Asset Management Industry. The report focuses on business trends among alternative asset managers, related assessments of changes in operating complexity and risk, and changes in operating productivity.
The data is sourced from SEC filings and enriched to provide a unique view into the infrastructure of over 15,000 RIA's. There were over 5,600 individual Advisor filings in Q2 2015.
According to the report:
• Advisor complexity increased given the 31 factors tracked
• The Complexity Index increased 7 per cent driven by a variety of factors
- 10/09/2015
Guernsey has extended market access to EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) doing business in Guernsey.
The move follows the European Securities and Markets Authority (ESMA)’s advice to the European Council, the European Commission and the European Parliament that the EU Alternative Investment Fund Management Directive (AIFMD) passport should be extended to Guernsey.
Guernsey’s Government, the States of Guernsey, has now amended its Investor Protection regulations for AIFMs and AIFs based in EU Member States that have fully implemented AIFMD in order to enable easier movement between Guernsey and EU markets.
Guernsey’s Chief
- 10/09/2015
McQuilling has formed a strategic alliance between McQ Holdings and JonesTrading Capital Markets Group. This relationship will provide a broad capital markets platform to the transportation industry.
Headquartered in New York, both McQ Holdings and JonesTrading will utilise their collective global reach of over 30 combined offices to provide capital solutions including: Public market traditional equity and debt transactions, At The Market Issuance programs (ATM’s), and structured transactions. The Group will also focus on providing select Private transactions and Private Equity blocks.
John Schmidt (pictured), President and CEO of McQuilling Partners, says: “Capital markets exposure has been a long-term
- 10/09/2015
- 10/09/2015
Cybersecurity has become a focus of the hedge fund industry lately and regulators are taking an increasing interest in assessing the resilience of firms to cyber attacks. The problem that hedge fund managers face, when starting to do such an assessment, is trying to find the right level of response; no easy task given the plethora of reports, commentaries on this subject.
To help cut through the noise, the Hedge Fund Standards Board has put together a 10-page cybersecurity memorandum, due to be published later this month. Thomas Deinet (pictured) is the CEO of the HFSB. He says: “You can
- 10/09/2015
BATS Options has announced the BATS Options Advisory Board, comprised of options industry thought leaders designed to advise the BATS Options leadership team on key industry issues.
The BATS Options Advisory Board, which will meet on a quarterly basis, consists of the following members:
• Kurt Eckert, Wolverine
• Sean Flynn, Interactive Brokers Group
• Todd Hohman, Goldman Sachs
• Mike Juneman, Citadel Securities
• Todd Lard, Charles Schwab
• Joseph Sellitto, Global Execution Brokers, LP
• Jonathan Werts, BofA Merrill Lynch
• Slade Winchester, Citi
“As BATS Options grows and expands its footprint, it’s critical to bring
- 10/09/2015
- 10/09/2015
All six of the indices in IndexIQ’s proprietary family of hedge fund replication and alternative beta indexes recorded negative performance in August.
The month’s biggest loser was the IQ Hedge Long/Short Index which was down 3.95 per cent, followed by the IQ Hedge Event Driven Index (-1.98 per cent), the IQ Hedge Global Macro Index (-1.95 per cent) and the IQ Hedge Multi-Strategy Index (-1.50 per cent).
The IQ Merger Arbitrage Index recorded the smallest loss for the month at -0.17 per cent per cent, while the The IQ Hedge Market Neutral Index was down -0.58%.
Designed as
- 10/09/2015
Federated Investors is to acquire approximately USD1.1 billion of Huntington money market fund (MMF) assets which will transfer to two Federated money market funds with comparable investment objectives and strategies.
Approximately USD236 million in prime money market assets will be reorganised from the Huntington Money Market Fund into Federated Prime Cash Obligations Fund, and approximately USD870 million will be reorganised from the Huntington US Treasury Money Market Fund into Federated Treasury Obligations Fund.
"As a leading provider of liquidity-management services, Federated regularly works with organisations of many types and sizes to find the best solutions for their cash-management needs,"
- 10/09/2015
Guggenheim Securities has agreed a software licensing agreement for Autonomy, Clearpool’s private label algorithmic trading platform introduced earlier this year. Clearpool is a next-generation trading software development and agency execution business.
“Autonomy offers a high level of transparency, control and new category of technology,” said Clearpool Group CEO, Joseph Wald. “It was conceived to give clients electronic and algorithmic trading distinction and long-term value.”
Autonomy does not require end user development, or a large investment in infrastructure by the client. Guggenheim is live on Autonomy and actively trading through it, with a roll-out to clients as a private label
- 10/09/2015
Anchin, Block & Anchin has appointed a new Partner, Raphy Soussan (pictured) and a new Director, Marc Nadritch to the firm’s team.
Soussan is a Commercial Audit Partner with more than 20 years of experience providing auditing, accounting and consulting services to private companies, with more than 15 years at Big Four and national firms. Soussan also has extensive experience working with clients to develop proactive tax and business strategies. He has focused on a variety of industries, including, among others, fashion and apparel, food and beverage, manufacturing and distribution, healthcare, and technology. Soussan also has experience working with international
- 10/09/2015
Special Reports
FeatureD
- Intel
- May 7, 2024
- Intel
- May 2, 2024
- Intel
- May 1, 2024
- Intel
- April 30, 2024
- Intel
- April 29, 2024
- Intel
- April 26, 2024
- Intel
- April 25, 2024
