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On 22 September, the SEC hit RT Jones Capital Equities Management, a St Louis-based investment adviser with a USD75k penalty for failing to have sufficient cybersecurity policies and procedures in place. This led to the personally identifiable information of approximately 100,000 individuals, including thousands of its own clients, being compromised when the web server it used was hacked in July 2013.
The case has been settled, and whilst the fine itself wasn’t mortifying, the potential impact on the firm’s reputation could be significant. The unfortunate reality for investment advisers of all shapes and sizes today is that failure to treat
The number of research providers available on the RSRCHXchange platform, the online marketplace for institutional research, has doubled since its launch in late September, with 100 providers now on board.
RSRCHX offers a rapidly growing number of buy side asset management firms access to a wide range of institutional research content.
Multi-asset in outlook, RSRCHX enables access to a diverse community of research providers including leading economic, strategy and equity research firms. Going beyond traditional sell side research firms, RSRCHXchange has built a new universe of providers including primary and market research, channel checking, and consulting firms, many of whom are
Alternative fund managers and allocators looking to connect with their peers in the Benelux region should put the following date in their diary: Wednesday 17 February 2016.
This will be the 5th Amsterdam Investor Forum hosted by ABN AMRO Clearing at the bank’s Amsterdam headquarters. A full-day event, it is currently the only forum for the alternative funds industry in the Netherlands The event is being targeted at all those active in the alternative investment industry: hedge fund managers, traditional asset managers, institutional investors, family offices and private bank and wealth advisors.
“For one day we open our doors to
The World Wide Web Foundation — the global advocacy organisation established by Web inventor Sir Tim Berners-Lee — has appointed Afsaneh Mashayekhi Beschloss as its next Chairperson.
Beschloss will lead a diverse international board responsible for the strategic direction of the Foundation as it advances the open Web as a public good and a basic right. She will assume her new position on 1 November, when Rick Haythornthwaite steps down as chairman after more than three years of service.
Beschloss says: “The Web Foundation, and its founder, are playing a vital role in spreading knowledge, reducing inequality and promoting more
Equity brokerage Aviate Global is to donate hundreds of thousands of pounds of trading commissions earned on 24 November 2015, to War Child, a charity that helps children around the globe affected by armed conflict.
The fundraising event, now in its second successive year, culminates in a fundraising gig by Stereophonics at Dingwalls in Camden.
Money will be raised across four time zones from Aviate’s offices in London, New York, Hong Kong and Sydney to help support, protect and campaign for children affected by war.
Last year’s trading day raised a total of GBP321,000 – more money than
Fund performance and industry dry powder is analysed in this extract from the Preqin Quarterly Update: Private Debt, Q3 2015.
Fig 1 displays the median proportions of committed capital called up by the end of the first and second investment years, among all private debt funds for vintage years 2006-2014. It shows that post-2008, the median proportion of capital called up during the first two years of investment is lower than before the financial crisis. This could be explained by recent fundraising success pushing up dry powder levels at a faster rate than available deals in a competitive marketplace.
Preqin’s Real Estate Online currently tracks 62 South Korea-based institutions that are actively investing in the real estate asset class, collectively representing USD2.5 trillion in total assets.
A large proportion of South Korea-based real estate investors are insurance companies (31 per cent) and banks or investment banks (27 per cent), with public pension funds (18 per cent) and asset managers (10 per cent) also making up notable proportions of the investor pool. With 85 per cent of the real estate investor population comprising these traditionally large institutions, it is unsurprising that nearly half hold more than USD15 billion in assets
The Shanghai Stock Exchange (SSE), Deutsche Börse Group and China Financial Futures Exchange (CFFEX) have officially founded a joint venture, the China Europe International Exchange.
This new marketplace for the trading of RMB-denominated offshore products starting with cash market products such as ETFs and binds, will be launched on 18 November 2015 under the new brand CEINEX.
The agreement was signed earlier today in Beijing by Gui Minjie, Chairman of Shanghai Stock Exchange, Carsten Kengeter, CEO of Deutsche Börse AG, and Zhang Shenfeng, Chairman of China Financial Futures Exchange, in the presence of the Chinese Premier Li Keqiang and the
Alternative asset management firm TPG has named Jon Winkelried (pictured) as Co-Chief Executive Officer of TPG Holdings alongside TPG Co-Founder and current Chief Executive Officer Jim Coulter.
David Bonderman, who co-founded TPG with Coulter, will continue in his role as Co-Founder and Chairman of TPG.
Winkelried, who previously served as the President and Co-Chief Operating Officer of Goldman Sachs, brings to TPG significant experience in helping build, manage and lead one of the world’s leading financial institutions. During his 27-year tenure at Goldman Sachs, Winkelried held various senior roles including co-head of the firm’s Investment Banking division, co-head of Fixed
RWC Partners’ Priya Kodeeswaran (pictured) has hired Colin Moar to join his team as a senior analyst.
Moar has over 17 years’ investment experience with research expertise across a number of sectors, with a particular focus on technology. He started his career at Aviva Investors as an analyst on the UK and pan-European equity teams for five years followed by seven years on the Global Equity team as an analyst then fund manager. Moar then spent a year at HSBC Asset Management as a fund manager on the Global & Emerging Markets team before joining Polar Capital’s Technology team.
