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Cordium has been ranked at number 42 in the inaugural Sunday Times BT Business SME Export Track 100.
The ranking is of Britain's private small and medium-sized companies (SMEs) with the fastest growing international sales over the past two years. Cordium is one of the 28 companies ranked that are headquartered in London. Cordium’s international sales have grown by 63 per cent a year over the last two years and we now employ a total of 200 people.
Danny Longbottom, Managing Director UK SME at BT Business, says: “I would like to congratulate the businesses recognised in the inaugural Export
The Depository Trust & Clearing Corporation (DTCC) has launched a new capability within its Wealth Management Services (WMS) business to streamline the processing of internal account transfers for alternative investments.
With DTCC’s Alternative Investment Products (AIP) service, market participants can now fully automate account transfers for non-traded real estate investment trusts (REITs) and business development corporations (BDCs). This allows broker/dealers to systematically manage the complex activities required to re-register accounts and internally transfer investors’ shares between closing and opening accounts, as needed.
Currently, account transfer transactions are largely manual operational processes – incurring paper trails, multiple registrations and numerous inter-departmental
The 2014 release of the SECs OCIE Cybersecurity Initiative, and recent updates in 2015, means that Alternative Investments firms can’t delay updating their security technology infrastructure. Furthermore, the topic of cyber-attacks has captured media attention as cloud environments introduce another avenue of attack over firms’ confidential data. How can fund managers continue to automate their practices while ensuring their valuable data is protected?
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The 2014 release of the SECs OCIE Cybersecurity Initiative, and recent updates in 2015, means that Alternative Investments firms can’t delay updating their security technology infrastructure. Furthermore, the topic of cyber-attacks has
The health care sector has driven the lion's share of buying among the largest pure play hedge fund managers in Q1 2015, with net buys of USD4.8 billion in the quarter, according to the latest S&P Capital IQ Hedge Fund Tracker, a review of 13F fillings by hedge funds.
The largest single stock purchase and the largest sell was Valeant, with USD3.7 billion in overall buys and USD1.4 billion in sells in the first quarter. This was the first time in eight quarters of running the research that a single company was simultaneously the top buy and top sell among
CME Group has launched eight new European Power futures contracts on CME Europe covering the German, French, Spanish and Italian markets. They are all base load and peak load contracts and cash settled against the leading power auctions for each market.
This is a significant expansion of the CME Europe utility slate of contracts and further enhances the choice of contracts available to participants across the whole energy market spectrum.
The contracts will be listed on CME Group's European exchange, CME Europe, for first trade date on Monday 15 June 2015 and are authorised and approved by the United Kingdom
Enso Financial Analytics (ENSO), a provider of data-driven investment and operational insights for hedge funds, has hired Julian Pittam as Head of EMEA and Stephen Caplen as Global COO.
Both Pittam and Caplen will operate out of ENSO's London office and join the company's global executive management team.
Pittam joins ENSO from Data Explorers, a financial data and software company that was sold to Markit in 2012. Caplen comes from ICAP, which recently announced a second round of funding in ENSO. ICAP is a leading markets operator and provider of post trade risk mitigation and information services.
ENSO has grown
Barclays Bank is to pay USD400 million to settle US CFTC charges that it engaged in the attempted manipulation and false reporting of global foreign exchange (forex) banchmark rates to benefit the positions of certain traders.
As well as the civil monetary penalty, a CFTC Order requires Barclays to cease and desist from further violations, and take specified steps to implement and strengthen its internal controls and procedures, including the supervision of its FX traders, to ensure the integrity of its participation in the fixing of foreign exchange benchmark rates and internal and external communications by traders. The Order notes
The latest FTSE Russell Smart Beta report, Smart Beta: 2015 Global Survey Findings from Asset Owners, found that for strategic allocations of smart beta, ETFs are in demand among respondents with less than USD1 billion in assets under management.
Managing assets internally meanwhile, is of interest to those with more than USD10 billion in assets under management.
The report defines “smart beta” as a term often used to define a broad range of investment strategies that are generally categorized by two types of exposures: strategy-based and factor-based. The report says: “Strategy-based exposures have gained a lot in popularity over the past few
Robin Fuller of the Guernsey Investment Fund Association looks at new opportunities for the Guernsey funds sector and highlights fintech as one likely to be significant.
Winston Churchill’s quote of ‘Never let a good crisis go to waste’ has been very appropriate as we struggle to restore stability and prosperity to our banking and financial services industries.
Politicians and economists have bemoaned the lack of credit following the banking crisis, the impact this is having on households and industry, and how it is acting as a serious brake on economic activity. However, as the supply of bank credit ebbs, human
Geoff Ruddick (pictured), an independent fund director and head of funds for International Management Services, sheds some light on the topical subject of ‘Split Boards’ – engaging independent directors from different fiduciary firms.
There has been an extraordinary focus on and trend towards ‘split boards’ in the last few years. For most people the accepted definition of a ‘split board’ is having independent directors from different fiduciary firms. It is considered by some to be the best way to construct a board. In reality this is an overly simplistic definition and assessment of how to recruit and construct an effective
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