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Global hedge fund advisory and administration firm Maitland has made four appointments to its global business development and client management team.
The hires will be deployed in Europe, North America, and Latin America respectively, in order to spearhead growth in these regions. The hires come during a period of rapid global growth for the firm, which recently won a major contract with MMI Holdings (Momentum and Metropolitan), making it one of the largest fund administrators in the world in terms of AUA.
Luke Spencer-Wilson has joined the London team as Senior Business Development Manager. His remit will be to
The announcement that China will join the reserve currency basket of the International Monetary Fund is only one aspect of a process that could channel up to USD3 trillion (USD4.2 trillion) into the country, according to AllianceBernstein (AB).
While the development is beneficial for China in the long term, the management of such large flows could cause some short- and medium term challenges for Chinese financial authorities.
“Capital flows arising directly from this development will be relatively small in themselves, at around USD40 billion,” says Hayden Briscoe (pictured), AB’s Managing Director – Asia Pacific Fixed Income.
“But it’s
Franklin Square Capital Partners has appointed Greg Bassuk (pictured) as Managing Director and Head of Liquid Alternative Strategies. with responsibility for the development and management of the firm’s liquid alternatives platform.
“Greg Bassuk (pictured) is a veteran in the liquid alternative investments space with an impressive track record,” says Michael C Forman, Chairman and CEO of Franklin Square. “We are delighted Greg has joined Franklin Square to lead our liquid alts efforts, which we will pursue with the same focus on transparency and investor protection that has defined our firm's approach since our inception.”
Bassuk was most recently the
CBOE Holdings is to launch options on FTSE 100 Index and the FTSE China 50 Index. Chief Executive Officer Edward T Tilly (pictured) made the announcement at the the firm’s Risk Management Conference Asia (RMC) in Hong Kong.
Options on the two FTSE Russell indexes are expected to begin trading at CBOE on 22 December, 2015.
The listing of the new FTSE 100 and FTSE China 50 Index options are part of a licensing agreement forged by CBOE and London Stock Exchange Group (LSEG) in February 2015. The deal made CBOE the exclusive provider of options on more than
Multiple and powerful pressures are impacting the hedge fund industry, but two are particularly prominent: a dramatically increased regulatory burden, and investor demands for greater transparency and lower fees.
Far-reaching and complex new rules continue to reshape the environment, from Dodd-Frank and EMIR to FATCA and AIFMD. To meet these stringent regulatory responsibilities, and keep pace with evolving investor best practices, hedge funds will need to adopt a firm-wide “culture of compliance.”
Non-compliance not an option
Satisfying regulatory rules and investor demands may seem like a costly headache, but compliance is simply good business. Poor or non-compliance risks:
More frequent
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has increased its US presence and capabilities by opening a new office in Boston, which will provide support for its growing client base and the industry’s ever increasing demand for the AbacusFlex private cloud solution.
Abacus’s entry into the market was spurred by being selected by Boston based clients to provide a scalable, flexible and robust technology solution that also adheres to the latest regulatory compliance and security requirements.
"The financial services industry in the Boston area is significant, and both established and up-and-coming startup funds from across the region
Natixis Global Asset Management has launched the ASG Dynamic Allocation Fund (DAAFX), a global asset allocation mutual fund managed by AlphaSimplex Group, LLC (AlphaSimplex).
The fund seeks to deliver long-term capital appreciation to investors looking for a tactical global asset allocation strategy.
“Building a durable investment portfolio has become even more challenging in a volatile market environment buffeted by global economic uncertainty,” says David Giunta (pictured), president and chief executive officer, at Natixis Global Asset Management, US Distribution. “To successfully diversify a portfolio of traditional stock and bond funds, investors need adaptive tools, such as the ASG Dynamic Allocation
Banking and payments technology specialist FIS has closed it s acquisition of SunGard, a financial software and technology services companies.
The acquisition will allow FIS to offer a broad range of enterprise banking and capital markets capabilities that will further empower the financial industry worldwide.
With complementary technology solutions and services encompassing retail and institutional (or wholesale) banking, payments, risk management, asset solutions and insurance, the combined company now has more than 55,000 employees and USD9.3 billion in revenue on a pro-forma basis.
“At FIS, we are driving innovative solutions and delivering high-quality client experiences that move our clients’
More than 150 individuals representing AIMA Canada member firms from across the country participated in annual wine-tasting receptions held in Toronto and Montreal respectively last week.
Sponsored by BMO Capital Markets, McMillan LLP and KPMG, the member appreciation receptions capped off a record year for AIMA Canada, which included some 60 social gatherings and content events, including regulatory updates and emerging managers’ series as well as the association’s first hedge fund conference, noted AIMA Canada Executive Director and BLG Partner Michael Burns.
“We have witnessed yet another extremely busy and successful year for AIMA Canada, with an increase in
Popular opinion holds that investors largely favour the new rules and regulations introduced to mitigate risk in the wake of the 2008-09 financial crisis while managers of hedge funds uniformly oppose them. A new survey though, suggests otherwise.
According to a study by Northern Trust Hedge Fund Services hedge fund investors and fund managers in fact express surprisingly similar views on regulation.
In a white paper about the survey findings, Minimizing Risk or Missing the Mark, Northern Trust Hedge Fund Services reveals that managers actually voiced slightly more optimism than investors about the effectiveness of the regulations adopted in the
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