Latest News
Northern Trust has deployed a new compliance management reporting solution (CMRS), using technology developed by Sapient Global Markets.
Northern Trust will now be able to deliver delegated reporting requirements for its clients under the Dodd-Frank Act and European Market Infrastructure Regulation (EMIR) for all derivatives including over the counter/exchange traded, cleared/bilateral and foreign exchange.
The increasing complexity and growing long-term cost of adhering to global regulatory reporting requirements is a significant challenge to the financial services industry. Northern Trust is working together with Sapient Global Markets to address this issue with CMRS, a sustainable solution developed from Sapient Global
- 25/09/2014
The European Central Bank (ECB) is to enable the use of triparty services for cross-border collateral pledges to national central banks.
This will help to overcome collateral fragmentation and improve risk management and operational processing.
The ECB changes will improve access to Eurosystem liquidity by enabling the allocation of ECB-eligible collateral issued or held in third countries to national central banks on a cross-border basis.
Triparty agents like Clearstream will then be in a position to offer all Eurosystem participants triparty collateral pledge services that were so far only in use for domestic transactions. The cross-border triparty collateral
- 25/09/2014
SEI has appointed Andrew Daly to the firm’s US institutional advisory team.
Daly serves as a client investment strategist and is responsible for working with SEI's institutional retirement, foundation, endowment, and healthcare clients on their alternative portfolio strategies, providing strategic advice on various investment vehicles for their unique goals and objectives.
The role is new to the advisory team and was created to support the expansion of SEI's alternatives solution for its investment outsourcing business. SEI currently has more than 475 institutional outsourcing clients worldwide, representing USD74.1 billion in assets under management.
"As SEI's investment outsourcing business continues
- 24/09/2014
The US Securities and Exchange Commission (SEC) has charged Barclays Capital with failing to maintain an adequate internal compliance system after its US wealth management business acquired the advisory business of Lehman Brothers in September 2008.
An SEC examination and subsequent investigation found that Barclays failed to enhance its compliance infrastructure to integrate and support the acquisition and rapid growth of the advisory business from Lehman.
The deficiencies in its compliance systems contributed to other securities law violations by Barclays.
To settle the SEC’s case, Barclays agreed to pay a USD15 million penalty and to undertake remedial measures,
- 24/09/2014
Wolf Hedge, a management company for Seven Sages Long Short Fund, has launched its second fund, Wolf Hedge Global LP.
The fund’s registration has been filed in Delaware and the Cayman Islands.
Wolf Hedge will be taking subscriptions of USD1 million+ from accredited and institutional investors.
The fund, which is open to investors, will use a global macro trading strategy. It will invest in publicly trading equities, ETFs, currencies, bonds and insurance products.
Mark Malik, Wolf Hedge CEO and the fund’s manager, says: "Our focus will still be long-short but in a bigger and broader universe. We
- 24/09/2014
- 24/09/2014
Global Advisors Bitcoin Investment Fund (GABI) completed its initial offer period in early September, and has now taken the first step to deploy the fund’s assets into bitcoins.
Recent price weakness has been observed and attributed to a series of factors. The withdrawal of UK banking services on the Isle of Man, issues with the NYDFS Bit-license, Russian Treasury comments and weakness in gold markets are elements which contributed to recent price weakness.
Global Advisors says it timed its entry to the bitcoin market accordingly and believes the resulting entry point represents an opportune moment to initiate this first
- 23/09/2014
It’s a fair assumption to say that the proliferation of hedge fund regulation has spurred technology providers to produce newer, innovative solutions.
Central to this is the growing complexity surrounding data management. If one were to plot data volume over time over the last five years it would resemble a hockey stick with the introduction of Form PF reporting by the SEC two years ago marking the point at which managers began to deal with ‘Big Data’.
Whether it is Annex IV reporting under AIFMD in Europe, reporting on derivative positions under Dodd-Frank and EMIR, CPO-PQR, FATCA, reporting short selling positions to the Hong
- 23/09/2014
Over the last nine months the pricing of hedge fund side pockets continued to improve relative to previous trading periods, according to Cattegatt Secondaries.
This can be attributed to an improved economic landscape which has resulted not only in better market liquidity but also a more active M&A climate for exits.
As a result, the time investors have to wait to get their funds back has lessened, thus making these type of illiquid securities more attractive.
The USD100 billion market for illiquid hedge fund side pockets started in 2009 and was predicted to last for one or two
- 23/09/2014
International law firm Akin Gump has appointed four partners from Bingham McCutcheon in the firm’s corporate, restructuring and funds practices in London and Hong Kong.
The new partners are: Vance Chapman (corporate, London), Thomas John Holton (funds, London), Matthew Puhar (corporate, Hong Kong) and Thiha Tun (funds, London).
These practitioners join 22 partners from Bingham McCutchen who, as announced on September 17, will be joining Akin Gump in London, Hong Kong and Frankfurt over the coming weeks.
Akin Gump chairperson Kim Koopersmith says: “We were thrilled with our announcement last week, and the chance to welcome these additional
- 23/09/2014
ConvergEx Group has launched a dynamic order routing strategy that allows clients to designate a percentage of an order to be sent to IEX, with the remainder going to ConvergEx’s Darkest algorithm.
The algorithm searches for liquidity among more than 20 other non-displayed venues.
ConvergEx is offering this strategy after analysis of IEX executions showed that client orders were being successfully protected from latency arbitrage.
The Darkest + IEX dynamic routing strategy, developed in collaboration with IEX, allows clients to split their orders, explicitly routing either 25 per cent or 50 per cent of a trade to the
- 23/09/2014
Special Reports
FeatureD
- Intel
- May 10, 2024
- Intel
- May 9, 2024
- Intel
- May 8, 2024
- Intel
- May 7, 2024
- Intel
- May 2, 2024
- Intel
- May 1, 2024
- Intel
- April 30, 2024
