Latest News
Hotspot, an institutional foreign exchange (FX) market owned and operated by BATS Global Markets, is expanding its European presence with the launch of its first Europe-based FX matching engine.
BATS President Chris Concannon said, “This project is important for our current – and future – customers as it gives BATS a larger footprint in the leading trading centre in the FX world. As home to more than 50% of currency trading globally*, and growing, the European market is a top priority for the Hotspot team.
“BATS already operates Europe’s largest equities exchange and we have similar ambitions for Hotspot
ConceptONE has appointed Boris Tiomkin as Executive Chairman. Tiomkin will be primarily responsible for leading ConceptONE’s strategic planning and business development efforts.
He expected to work with the firm’s management team to accelerate the company’s expansion in the Americas and Europe, and extends its reach to Asia. Tiomkin will report directly to the ConceptONE Board.
Tiomkin brings over 30 years of financial services industry experience and, more specifically, extensive knowledge and expertise in the fund services business. Most recently, Tiomkin sold the firm he founded, AIS Fund Administration, to US Bancorp, the fifth largest bank in the United States. Prior
GBST is to integrate and offer the in-memory computing capabilities of the SAP HANA platform with its financial transaction tax product, GBST Syn~FTT.
The bundled solutions are expected to allow investment banks and stockbrokers to process equities trades in compliance with the European financial transaction tax, which is active in France and Italy and expected to be implemented by 10 European countries effective 1 January 2016.
GBST's chief executive officer, capital markets, Denis Orrock, says: "The SAP HANA platform enables GBST's financial transaction tax product to deliver exceptional performance. We anticipate that this will allow capital markets participants to manage
The private debt industry has more than tripled in size since 2006, with assets under management (AUM) increasing from USD152bn to USD465bn as of June 2014. Ryan Flanders, Executive Editor of the newly released 2015 Preqin Global Private Debt Report, examines the growth of the asset class.
The global private debt market, also referred to as the alternative or non-bank lending industry, is fast approaching USD500bn in AUM. The industry has seen steady growth over recent years, spurred on by the growing opportunity of providing private companies with debt financing in the face of bank regulation. One of the
Private funds pose the greatest systemic risk for the investment management sector based on key risk indicators identified by the Financial Stability Board's (FSB) latest consultation paper, according to Fitch Ratings.
The paper on non-bank, non-insurance financial institutions that may pose systemic risk takes a dual approach for investment management, focusing on investment funds and asset managers, was published earlier this month. The latest FSB consultation paper identifies size (with and without regard to leverage), substitutability, interconnectedness, complexity and cross-jurisdictional activities as potential drivers of systemic risk in the investment management space. These factors are considered in the context of
Arlington Asset Investment Corp has appointed Richard E Konzmann as the Company's Executive Vice President, Chief Financial Officer (CFO) and Treasurer, with immediate effect.
Konzmann succeeds Kurt R Harrington who is retiring after serving as the Company's CFO for the last fifteen years. To assist with the transition, Harrington will remain an employee of the Company until 30 April, 2015.
"Along with the rest of the Board and all the employees, I thank Kurt for his countless contributions and dedication to the Company over the years, and we wish him the very best in his retirement," says J Rock Tonkel,
Highland Capital Management has launched Highland Alternative Investors, an alternative investment platform that will encompass all of Highland’s existing non-traditional, liquid alternative funds.
Michael Gregory will oversee the new platform as Global Head and CIO of Highland Alternative Investors.
“Highland has been offering investors access to liquid alternative solutions for over a decade,” says Mark Okada, co-Founder & CIO of Highland Capital Management. “The introduction of this platform will further strengthen our offerings and ability to drive results as well as allow Highland to better offer customised solutions across portfolios to investors.”
In addition to his new role, Michael Gregory
AlphaPipe has launched Form ADV Change Reports a new service that delivers to investors a monthly change report of all changes made to an asset manager's Form ADV filing.
"Form ADV is publicly available and should be one of your first lines of defence in monitoring your asset managers," says West Chapman, AlphaPipe's CEO formerly of Goldman Sachs, where he served on the Liquid Markets Investment Committee, led the Risk team and built the Operational Due Diligence team within Goldman Sachs Asset Management's (GSAM) external manager businesses.
"Unfortunately, current access to Form ADV makes monitoring cumbersome to impossible. Our monthly
Elementum Advisors, an SEC-registered investment advisor focused on managing investment portfolios exposed to natural catastrophe event risk, has added Adam Maloney to its team as Director of Marketing and Investor Relations.
Maloney came to Elementum from JPMorgan Asset Management where he was a portfolio manager in the Global Multi-Asset Group. While at JPMorgan, Adam was responsible for manager research and portfolio construction for liability driven investment strategies (LDI), discretionary outsourced CIO mandates (OCIO), and inflation sensitive strategies. At Elementum, Adam will support the firm’s marketing, investor relations, and business development efforts.
“We are delighted to welcome Adam to the
The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report.
Hedge fund launches totalled 1,040 for 2014, a decline of 20 funds from the 1,060 funds launched in 2013. While launches have trended in a narrow range in recent years, they remain well below the peak of 2,073 funds launched in 2005, though nearly double the local trough of 659 launches in 2008.
Hedge fund liquidations also declined as 864 funds closed in 2014, a
Special Reports
FeatureD
- Insight
