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Standish Mellon Asset Management Company has appointed David Leduc as Chief Executive Officer (CEO).
Leduc will continue to serve as the firm's Chief Investment Officer, a position that he has held for the last five years. He succeeds Desmond Mac Intyre who will be leaving to pursue other opportunities. Mac Intyre will serve as an advisor to Standish until mid-November.
Leduc has been at Standish for over 20 years, joining the firm as a portfolio manager and analyst for US domestic fixed income in 1995. In addition to serving on the firm's Senior Management Committee, he has held a
- 17/08/2015
Commissioner Mark P Wetjen has announced his resignation from the US Commodity Futures Trading Commission, effective 28 August, 2015. Wetjen served as Acting Chairman of the Commission from January 2014 to June 2014
“Today, I informed President Obama of my intention to resign as a CFTC Commissioner later this month. It has been an honour to serve as both Commissioner and Acting Chairman of the CFTC," says Wetjen (pictured). "I am grateful for the opportunity to have served alongside my fellow Commissioners and Chairmen Gensler and Massad, and I thank them for their dedication, professionalism, and collegiality. I also commend the talented and hardworking Commission
- 17/08/2015
- 17/08/2015
The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the Commission that are established under the laws of jurisdictions other than the United States (Non-US SDs) from certain transaction-level requirements under the Commodity Exchange Act.
Subject to the limitations stated in the letter, the relief is until the earlier of September 30, 2016 or the effective date of any Commission action with respect to matters addressed by a DSIO Advisory issued 14 November, 2013 (DSIO Advisory). The DSIO Advisory was issued in response to inquiries from swap
- 14/08/2015
The Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) will list options on Shake Shack, Inc (ticker symbol: SHAK) beginning Friday, 14 August, 2015.
Shake Shack, founded in 2004, owns, operates and licenses Shake Shack restaurants (called Shacks) in the United States, Europe and Asia. Shacks are modern-day “roadside” burger stands offering hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine.
- 14/08/2015
- 14/08/2015
Hedge funds lost 0.28 per cent in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 3.05 per cent year to date.
“July was a difficult month for hedge fund managers. The first half was dominated by Grexit fears and the equity sell-off in China. The theme of the second half of the month was recovery from the first half,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Despite the overall loss, 11 of Barclay’s 18 hedge fund indices had gains in July. The Global Macro Index rebounded from a 2.08 per
- 14/08/2015
Macro Risk Solutions (MRS), an investment advisor providing risk and hedging products and solutions to institutional investors, has hired Mayank Seksaria as a Principal and Director in the firm’s San Francisco office.
With the addition of Seksaria, MRS has expanded its macro research capabilities and enhanced its ability to provide institutional investors with best in class risk and hedging products along with investment solutions that lead to superior portfolio performance.
“Mayank brings significant macro focused research and portfolio management experience," says Ryan Dow, Principal at MRS. "Integrating Mayank's proven top down research process into our diversified and thematic
- 14/08/2015
- 14/08/2015
JonesTrading Institutional Services, an institutional equity block trading and execution firm based in the United States has named Gavin Spencer as CEO of its United Kingdom affiliate, JonesTrading International Ltd.
In addition, Gary Cunningham has been appointed as Head of Business Development.
Spencer reports to Alan Hill (pictured), JonesTrading Institutional Services LLC’s CEO.
The firm will provide UK, Continental, and cross-border US-European equity trading, servicing institutional and hedge fund firms. It is anticipated that with the implementation of MiFID II and research unbundling, there will be increased demand for conflict free, high touch execution services in blocks, which
- 14/08/2015
Timothy Roniger has resigned as Chief Financial Officer of Gottex with effect from 10 November, 2015.
According to a brief statement released by the company: “The Board of Directors of Gottex thanks Mr Roniger for his years of loyal service to the company. A search for his successor is under way.”
- 14/08/2015
- 14/08/2015
The Securities and Exchange Commission (SEC) has charged 32 defendants with fraud for taking part in a scheme to profit from stolen nonpublic information about corporate earnings announcements.
Those charged include two Ukrainian men who allegedly hacked into newswire services to obtain the information and 30 other defendants in and outside the US who allegedly traded on it, generating more than USD100 million in illegal profits.
The SEC’s complaint unsealed today was filed under seal on August 10 in US District Court in Newark, N.J., and the court entered an asset freeze and other preliminary relief that
- 14/08/2015
The Gibraltar Financial Services Commission (GFSC) has signed a Memorandum of Understanding (MoU) with the Israel Securities Authority (ISA) underlining a shared commitment by both organisations for mutual assistance and sharing of information.
GFSC CEO, Samantha Barrass (pictured), says: “This is an excellent opportunity to expand our network of formal co-operation agreements and I am looking forward to working with our counterparts in Israel on matters of common interest.
“The MoU indicates our joint endeavours to work closely together to support our work to protect the public and establish a safe jurisdiction in which to carry out financial business. The
- 13/08/2015
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