Latest News
Trading volume at the CBOE Futures Exchange during the week of 6-10 October – both exchange-wide at CFE and for futures on the CBOE Volatility Index – set new records.
Total exchange-wide volume at CFE totalled 1,664,651 contracts, topping the previous record of 1,506,331 contracts traded during the week of 4-8 August.
For VIX futures, volume last week totalled 1,661,153 contracts, surpassing the previous record of 1,504,866 contracts traded during the week of 4-8 August.
Average daily volume in VIX futures was 178,531 contracts during September, an increase of 21 per cent from September 2013 and a decrease
- 15/10/2014
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2014 measured 0.24 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.01 per cent in October.
"Net flows were negative for the month, representing typical quarter-end rebalancing," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance.
The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C
- 15/10/2014
Covariance Capital Management, a provider of outsourced endowment management services to educational, healthcare and other non-profits, has appointed Kevin Nee as chief executive officer.
Nee will be responsible for the strategic leadership of the business, including new business development and day-to-day oversight of operations and finance.
Scott W Wise, who has led Covariance as president and chief investment officer since its launch in 2011, will remain in those roles.
“We are pleased to welcome Kevin to the Covariance team. We are confident that his background and expertise will be extremely valuable, particularly his experience as a long-term investor
- 15/10/2014
TMF Custom House Fund Services, a provider of fund administration services to the alternative investment sector, has appointed Kevin Walsh as chief operating officer for fund services.
Walsh is based in Dublin.
"Kevin brings over 20 years of experience in the funds industry to TMF Custom House and will play a pivotal role in the company as we are positioned for further growth and expansion of our fund administration services following the finalisation of our acquisition by the TMF Group," says Mark Hedderman, CEO, TMF Custom House. "Kevin will oversee our global operating model and is responsible for the
- 15/10/2014
Peter Hugh Smith is to join Capita Asset Services as managing director of Capita Financial Managers Limited in November 2014.
He joins from WAY Fund Managers where he has held the position of CEO since August 2012.
Chris Addenbrooke, chief executive of Capita Asset Services’ fund solutions arm, says: “Peter brings with him a depth and breadth of management, distribution and investment industry experience which makes him the ideal candidate to take Capita Financial Managers Limited forward. Peter’s previous roles include around 12 years as managing director of Russell Investments’ wholesale distribution business, and also time as a fund
- 15/10/2014
EuroCCP has launched clearing services for clients matching OTC transactions with Traiana.
Participants can now request Traiana to forward bilaterally agreed matched transactions to EuroCCP to be centrally cleared with their activity across 18 markets.
This model will reduce counterparty risk and create significant cost savings due to netting a clearing participant’s on exchange and OTC transaction flows.
“With the successful extension of our coverage to include Traiana, we anticipate clients in the broker and investment bank sectors will increase their usage of EuroCCP’s clearing services for OTC transactions,” says Diana Chan, CEO of EuroCCP.
Roy Saadon, head
- 14/10/2014
AXA Investment Managers (AXA IM) has appointed Francisco Arcilla as director of product development for AXA Rosenberg, tasked with broadening the existing systematic equity offering to drive future AXA IM growth.
Arcilla will be replaced by Eric Lhomond who will head the fund of hedge funds and impact and thematic investing teams, on top of developing a new alternative credit offering dedicated to third-party clients.
In addition, AXA IM has appointed Daniel Leon as head of client solutions development to strengthen AXA IM’s capacity to answer the needs of sophisticated clients with tailor-made solutions. Leon will work closely with
- 14/10/2014
- 14/10/2014
4sight Financial Software, a provider of software and consultancy to the securities finance and collateral management markets, has hired Raymond Blokland as a senior consultant.
Prior to joining 4sight, Blokland was a managing director at Bank of America Merrill Lynch, and has previously worked as global head of prime brokerage trading at Fortis Bank. He has over 20 years of financial markets experience.
Blokland will provide consultancy for 4sight clients and prospects in the securities finance, collateral management and synthetic prime brokerage business areas.
“Raymond has many years of experience in the industry on both the buy and
- 14/10/2014
Tikehau IM has held the final closing of its latest senior leveraged loans fund, Tikehau Corporate Leveraged Loan Fund (TCLLF), at EUR230 million, lifting the amount of AUM in its senior leveraged loan strategy to more than EUR700 million.
Tikehau IM sourced commitments from about 10 institutional investors, most of which were insurance companies, who valued the diversification and prospective returns as well as the new regulatory provisions which allow them to count this new type of fund towards their solvency capital requirement.
Mathieu Chabran, managing director of Tikehau IM, says: “We are very pleased with the reception we
- 14/10/2014
Miranda Lansdowne has been appointed managing director of the JTC Luxembourg office.
Lansdowne recently relocated from Jersey to Luxembourg to head up the JTC office in Europe’s largest fund domicile.
Lansdowne has worked at JTC Group since 2007 as a group director of fund services overseeing the management of the fund administration teams in Guernsey, Jersey, Luxembourg and the UK.
Further to her JTC responsibilities, she supervises the provision of services to several key private equity fund clients and holds a number of directorships in the funds sector.
Lansdowne will continue with her group responsibilities in addition
- 14/10/2014
Special Reports
FeatureD
- Intel
- May 9, 2024
- Intel
- May 8, 2024
- Intel
- May 7, 2024
- Intel
- May 2, 2024
- Intel
- May 1, 2024
- Intel
- April 30, 2024
- Intel
- April 29, 2024
