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Vistra, a provider of corporate, trust and fund administration services, has expanded its Cayman Islands’ operations and recruited a Cayman resident Managing Director.
Clive Gibbons will lead Vistra Cayman Trust Limited as Managing Director. He has over 15 years offshore experience within the banking, trust and corporate services sector. Born and educated in the UK, Gibbons has spent considerable time in Guernsey, the British Virgin Islands and London, before relocating to Cayman in 2013. Clive is a qualified financial advisor, holds an ICA diploma compliance management and is an accredited director with ICSA Canada. He has sat on numerous boards
Custom House Fund Services, a provider of financial services to the alternative investment sector, has appointed Richard Hale as Director, Business Development UK.
He is based in the newly-established London office and is responsible for developing business in the UK and Europe.
“With over 20 years of experience in the funds industry, we are pleased to have Richard join us as we continue our growth as an independent provider of fund administration services,” says Mark Hedderman, CEO, Custom House. “Richard brings a strong commitment to the industry and is a welcome addition to our service-focused management team.”
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Global macro hedge funds appear to be maintaining a contrarian stance versus the market when it comes to positioning on government rates.
In recent weeks, managers have secured gains by taking long positions in the US and Europe thanks to a global decrease in both short- and long-term rates in fixed income markets. In the middle of July, US 10-year Treasuries were yielding 2.45 per cent, since when they have fallen to 2.16 per cent (at the time of writing). Lower yields arise when economies aren’t firing on all cylinders. Whilst the US economy has shown signs of improvement, the
The Lyxor Hedge Fund Index was up +1.3 per cent in July. 8 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+4.6 per cent), the Lyxor Global Macro Index (+2.6 per cent), and the Lyxor Variable Bias Index (+2.3 per cent).
A macro month with markets left in the passenger seat driven by highly speculative catalysts. They were bound to follow the unpredictable jolts of the intensifying Greek saga ahead of the July 20th repayment deadline. The eleventh hour deal allowed a recovery in risky asset. 3000 km away from
Standish Mellon Asset Management Company has appointed David Leduc as Chief Executive Officer (CEO).
Leduc will continue to serve as the firm's Chief Investment Officer, a position that he has held for the last five years. He succeeds Desmond Mac Intyre who will be leaving to pursue other opportunities. Mac Intyre will serve as an advisor to Standish until mid-November.
Leduc has been at Standish for over 20 years, joining the firm as a portfolio manager and analyst for US domestic fixed income in 1995. In addition to serving on the firm's Senior Management Committee, he has held a
Commissioner Mark P Wetjen has announced his resignation from the US Commodity Futures Trading Commission, effective 28 August, 2015. Wetjen served as Acting Chairman of the Commission from January 2014 to June 2014
“Today, I informed President Obama of my intention to resign as a CFTC Commissioner later this month. It has been an honour to serve as both Commissioner and Acting Chairman of the CFTC," says Wetjen (pictured). "I am grateful for the opportunity to have served alongside my fellow Commissioners and Chairmen Gensler and Massad, and I thank them for their dedication, professionalism, and collegiality. I also commend the talented and hardworking Commission
The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the Commission that are established under the laws of jurisdictions other than the United States (Non-US SDs) from certain transaction-level requirements under the Commodity Exchange Act.
Subject to the limitations stated in the letter, the relief is until the earlier of September 30, 2016 or the effective date of any Commission action with respect to matters addressed by a DSIO Advisory issued 14 November, 2013 (DSIO Advisory). The DSIO Advisory was issued in response to inquiries from swap
The Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) will list options on Shake Shack, Inc (ticker symbol: SHAK) beginning Friday, 14 August, 2015.
Shake Shack, founded in 2004, owns, operates and licenses Shake Shack restaurants (called Shacks) in the United States, Europe and Asia. Shacks are modern-day “roadside” burger stands offering hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine.
Hedge funds lost 0.28 per cent in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 3.05 per cent year to date.
“July was a difficult month for hedge fund managers. The first half was dominated by Grexit fears and the equity sell-off in China. The theme of the second half of the month was recovery from the first half,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Despite the overall loss, 11 of Barclay’s 18 hedge fund indices had gains in July. The Global Macro Index rebounded from a 2.08 per
Macro Risk Solutions (MRS), an investment advisor providing risk and hedging products and solutions to institutional investors, has hired Mayank Seksaria as a Principal and Director in the firm’s San Francisco office.
With the addition of Seksaria, MRS has expanded its macro research capabilities and enhanced its ability to provide institutional investors with best in class risk and hedging products along with investment solutions that lead to superior portfolio performance.
“Mayank brings significant macro focused research and portfolio management experience," says Ryan Dow, Principal at MRS. "Integrating Mayank's proven top down research process into our diversified and thematic
