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361 Capital, an asset management firm specialising in liquid alternative mutual funds, has filed with the Securities and Exchange Commission (SEC) to launch the 361 Global Long/Short Equity Fund.
Los Angeles-based Analytic Investors, which manages approximately USD10 billion in assets, will sub-advise the fund.
The 361 Global Long/Short Equity Fund will use the same investment strategy as the Analytic Global Long/Short Equity Portfolio, a separately managed account (SMA) which was launched in December 2009.
“The launching of this fund will provide a quality long/short mutual fund option to investors. There is clearly a shortage of attractive long/short equity
- 18/09/2014
The Chicago Board Options Exchange (CBOE) and C2 Options Exchange plan to list options on Alibaba Group on 29 September.
The plan is contingent on Alibaba meeting new options listing criteria.
Alibaba, founded in 1999, is the largest online and mobile commerce company in the world in terms of gross merchandise volume. The company provides the fundamental technology infrastructure and marketing reach for businesses using the Internet to establish an online presence and conduct commerce with consumers and other businesses.
CBOE and C2 will announce an official start date for Alibaba options when the OCC confirms CBOE's and
- 18/09/2014
- 18/09/2014
The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registrations of SAC Capital Advisors LLC and SAC Capital Advisors LP.
The CFTC simultaneously issued an opinion and order accepting the offer of settlement from SAC LLC and SAC LP and settling the action.
The order immediately revoked SAC LLC’s registrations with the CFTC as a Commodity Trading Advisor (CTA) and Commodity Pool Operator (CPA). The order also revoked effective 31 December SAC LP’s registrations as a CTA and CPO. SAC LP’s activities as a CTA and CPO are immediately restricted under the
- 17/09/2014
Guernsey’s financial services regulator approved 42 new investment funds during the second quarter of this year, bringing the total number of additions in the 12 months to the end of June to 131.
Figures from the Guernsey Financial Services Commission (GFSC) show that 33 new funds were approved during the third quarter of 2013 and 30 during the fourth, along with 26 during the first quarter of 2014 and 42 during the second quarter.
The GFSC approved two open-ended funds, 17 closed-ended funds and 23 non-Guernsey open-ended schemes between the start of April and the end of June. Taking
- 17/09/2014
- 17/09/2014
The Securities and Exchange Commission (SEC) has imposed a further 20 sanctions in its continuing enforcement initiative against hedge fund advisers and private equity firms illegally participating in stock offers short selling the stock during a restricted period.
The SEC last year announced the initiative to enhance enforcement of Rule 105 of Regulation M, which is designed to preserve the independent pricing mechanisms of the securities markets and prevent stock price manipulation.
Rule 105 typically prohibits firms or individuals from short selling a stock within five business days of participating in an offering for that same stock. Such dual
- 17/09/2014
Indus Valley Partners (IVP) has extended its Managed Services offering to include regulatory filings for hedge funds, private equity funds and other alternative asset managers.
IVP RAPTOR is a regulatory technology solution supporting over USD375bn in regulatory assets under management. IVP Managed Services will use this technology for supporting the regulatory filings of its clients.
Coverage will include all major regulatory filings, including Form PF, 13F/D/G, CPO-PQR, CTA PR, Form ADV, Form 3, 4, 5, the upcoming AIFMD for Europe, EMIR, European Short Sale Reporting and TIC-B reporting.
IVP Managed Services uses IVP’s technology solutions as the backbone
- 17/09/2014
Chicago-based alternative investment firm Granite Hall Partners has held a first closing on its fifth alternative investment vehicle.
The Granite Hall Partners Credit Opportunity Fund has so far attracted USD10 million in initial seed capital sourced from family offices and high net worth investors.
The firm is seeking USD50 million for the fund to invest in six to eight leading distressed and alternative credit managers.
The fund has already made its first commitment to Apollo Credit Opportunity Fund III. The firm expects to raise capital for the next nine to 12 months.
- 17/09/2014
LCH.Clearnet has completed its project to introduce the Calypso Collateral Management solution to its collateral and liquidity management offering.
With this development, LCH.Clearnet is able to deliver further processing efficiencies with automated, real-time collateral management operations.
The Calypso Collateral Management solution delivers three benefits:
§ Automated real-time management of liabilities
§ A consolidated view of member collateral assets facilitating a streamlined margin call process
§ Full support for cash management and treasury services
In implementing Calypso, LCH.Clearnet has replaced a vendor package in the front office and an in-house legacy platform in the back office. The Calypso
- 17/09/2014
BlueBay Asset Management, a manager of fixed income and alternative investments, has appointed Wike Groenenberg in the newly-created role of alternatives strategy director – macro.
Groenenberg will head up the strategy direction of the BlueBay Macro Fund as well as the fund’s investor relations function.
Groenenberg was previously managing director and head of emerging markets strategy at Citi in London, responsible for devising investment themes and generating specific directional and relative value trade ideas as well as marketing those ideas to a wide range of investors.
“I’m delighted Wike will be supporting our team,” says Neil Phillips, partner
- 17/09/2014
Cayman Islands-based boutique corporate governance services firm Highwater has expanded its team of directors with the appointment of Yolanda Banks McCoy.
McCoy, who will be based in Cayman, has over 19 years of financial services experience.
Prior to joining HighWater, she was the head of investments and securities division of the Cayman Islands Monetary Authority (CIMA) since November 2006. She was responsible for the regulation and supervision of hedge funds, fund administrators and securities investment companies operating in or from the Cayman Islands, as well as ensuring sound compliance and market conduct in accordance with Cayman Islands regulatory laws
- 16/09/2014
- 16/09/2014
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