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BATS Options has announced the BATS Options Advisory Board, comprised of options industry thought leaders designed to advise the BATS Options leadership team on key industry issues.
The BATS Options Advisory Board, which will meet on a quarterly basis, consists of the following members:
• Kurt Eckert, Wolverine
• Sean Flynn, Interactive Brokers Group
• Todd Hohman, Goldman Sachs
• Mike Juneman, Citadel Securities
• Todd Lard, Charles Schwab
• Joseph Sellitto, Global Execution Brokers, LP
• Jonathan Werts, BofA Merrill Lynch
• Slade Winchester, Citi
“As BATS Options grows and expands its footprint, it’s critical to bring
All six of the indices in IndexIQ’s proprietary family of hedge fund replication and alternative beta indexes recorded negative performance in August.
The month’s biggest loser was the IQ Hedge Long/Short Index which was down 3.95 per cent, followed by the IQ Hedge Event Driven Index (-1.98 per cent), the IQ Hedge Global Macro Index (-1.95 per cent) and the IQ Hedge Multi-Strategy Index (-1.50 per cent).
The IQ Merger Arbitrage Index recorded the smallest loss for the month at -0.17 per cent per cent, while the The IQ Hedge Market Neutral Index was down -0.58%.
Designed as
Federated Investors is to acquire approximately USD1.1 billion of Huntington money market fund (MMF) assets which will transfer to two Federated money market funds with comparable investment objectives and strategies.
Approximately USD236 million in prime money market assets will be reorganised from the Huntington Money Market Fund into Federated Prime Cash Obligations Fund, and approximately USD870 million will be reorganised from the Huntington US Treasury Money Market Fund into Federated Treasury Obligations Fund.
"As a leading provider of liquidity-management services, Federated regularly works with organisations of many types and sizes to find the best solutions for their cash-management needs,"
Guggenheim Securities has agreed a software licensing agreement for Autonomy, Clearpool’s private label algorithmic trading platform introduced earlier this year. Clearpool is a next-generation trading software development and agency execution business.
“Autonomy offers a high level of transparency, control and new category of technology,” said Clearpool Group CEO, Joseph Wald. “It was conceived to give clients electronic and algorithmic trading distinction and long-term value.”
Autonomy does not require end user development, or a large investment in infrastructure by the client. Guggenheim is live on Autonomy and actively trading through it, with a roll-out to clients as a private label
Anchin, Block & Anchin has appointed a new Partner, Raphy Soussan (pictured) and a new Director, Marc Nadritch to the firm’s team.
Soussan is a Commercial Audit Partner with more than 20 years of experience providing auditing, accounting and consulting services to private companies, with more than 15 years at Big Four and national firms. Soussan also has extensive experience working with clients to develop proactive tax and business strategies. He has focused on a variety of industries, including, among others, fashion and apparel, food and beverage, manufacturing and distribution, healthcare, and technology. Soussan also has experience working with international
KKR & Co is to acquire a 24.9 per cent interest in Marshall Wace through a combination of cash and common units. In addition, KKR and Marshall Wace have the option to grow KKR’s ownership interest over time to 39.9 per cent.
Founded in 1997 by Paul Marshall and Ian Wace, Marshall Wace has over USD22 billion of assets under management as of August 1, 2015, predominantly in equity long/short strategies. Marshall Wace has an excellent 17-year track record of innovation and investment success, consistently delivering attractive risk-adjusted returns that have low correlation to the overall markets. In addition, the
Elian has been granted an investment business licence by the Jersey Financial Services Commission (JFSC). Working with global financial-services company, SEI, Elian Capital Services is now able to offer an integrated investment management programme.
Elian Capital Services, which is regulated by the JFSC, has a dedicated team of qualified investment specialists. The investment management offering will provide clients of Elian Performance and Reward Management and Elian Private Wealth with access to a cost-effective, comprehensive and robust wealth management solution. The service will be managed out of the Jersey office.
With USD262 billion in assets under management, SEI is a
EBS BrokerTec, ICAP’s electronic foreign exchange (FX) and fixed income business, has licensed software from derivatives trading technology company, FX Bridge Technologies Corp allowing it to develop a relationship-based FX options solution for the professional trading community.
As part of the licensing deal, Stephen Best, former CEO of FX Bridge’s subsidiary, FX Bridge Institutional Services, has joined EBS BrokerTec as Head of FX Options, EBS Direct, and will be based in the New York office. Prior to his role at FX Bridge he held senior roles at State Street, JP Morgan, and Bank One.
The combination of FX Bridge’s
Infrastructure investment in Japan has traditionally been dominated by government-related entities and infrastructure companies, with limited private capital participation. However, the investment climate for the asset class has seen some favourable changes in recent years with the revision of the PFI Law (Act on Promotion of Private Finance Initiatives) in 2011 and the introduction of Abenomics in 2012, which included a sizeable stimulus package focused on critical infrastructure projects…
Read the full factsheet here, featuring charts tables and analysis of the Japanese infrastructure investor universe.
Hedge funds declined in August as global equity markets experienced sharp losses led by uncertainty over Chinese growth, falling oil prices and the timing of US Federal Reserve interest rate increases, according to data released by HFR.
The HFRI Fund Weighted Composite Index® (FWC) fell -1.87 per cent for the month to an NAV of 12443.31, paring the YTD performance for the FWC to a gain of +0.2 per cent. The August decline for the FWC was the worst monthly performance since May 2012. Following several years in which the HFRI trailed strong equity market gains, the FWC has outperformed
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