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The Bahamas maturity as a wealth management centre provides it with an inherent understanding that changes to its regulatory and business environment should not be knee-jerk reactions to market or political conditions but measured responses that build on the trust and confidence that the jurisdiction has earned – and values – among the broad choice of global institutions which provide asset management, private banking, trust, and related services to owners of capital from around the world.
Indicative of the measured and progressive approach is The Bahamas’ carefully designed regulatory environment for investment funds. Indeed this design has borne fruit; over
Julian Rifat, a former senior execution trader at Moore Capital Management has pleaded guilty to an indictment reflecting eight instances of insider dealing. Profits from the dealing exceeded GBP250,000.
Rifat is the third individual to plead guilty to insider dealing offences arising out of Operation Tabernula, the FCA’s largest and most complex insider dealing investigation. He will be sentenced in the New Year.
Rifat admitted passing inside information, obtained during the course of his employment, to an associate, Graeme Shelley, who then traded for their joint benefit. Earlier this year Graeme Shelley, previously a broker at Novum Securities, pleaded
One of the most prominent features of the post-financial crisis was the commitment through central bank intervention, particularly in the US, the UK and Europe, to stabilise the markets. Volatility was dampened and FX trading volumes contracted significantly.
Recognising this, ICAP, the London-based markets operator and one of the industry’s leading providers of post-trade risk mitigation and information services, made a concerted effort to spread its wings.
EBS Market, ICAP’s flagship electronic platform supporting spot FX currencies and precious metals, took the initiative to expand beyond its core currencies and over the last three years has significantly grown its
Asia Pacific has always been a key market for global alternative fund managers but as the latest research published by Preqin shows, institutional investors in the region are becoming an increasingly important source of capital allocation; both to hedge funds and private equity.
Hedge Fund Investor Trends
This is good news for local domestic managers and global players with an eye on diversifying their investor base and tapping in to new sources of capital. Based on 494 institutional investor profiles the Preqin October Spotlight report found that Australia (32 per cent) and Japan (24 per cent) are key markets with
When the European Central Bank’s pan-European settlement platform TARGET2-Securities (T2S) goes live in waves from 2015 to 2017, Liquidity Alliance members will benefit from access to the resulting pan-European liquidity pool.
Streamlined settlement will integrate respective assets for smooth collateral management activities. Iberclear in Spain and Clearstream’s central securities depository (CSD) in Germany, Clearstream Banking AG, will act as the gateway into T2S for the entire Liquidity Alliance.
The Liquidity Alliance will thereby add a global dimension to what the European Central Bank had conceived as a purely European project. T2S will not only make cross-border settlement and respective
GAM has appointed three senior quantitative professionals to the GAM Alternative Investments Solutions (AIS) team, enhancing the group’s capability in liquid quantitative solutions.
Dr Lars Jaeger, founder of Alternative Beta Partners, an investment boutique based in Switzerland, and his colleagues Dr Pierre-Yves Moix and Dr Stephan Müller, have joined the group to enhance GAM’s existing liquid alternative risk premia solutions which are focused on institutional clients.
GAM has been managing portfolios of alternatives and investing in liquid quantitative strategies for clients for over 25 years. The GAM AIS alternative risk premia approach provides actively managed portfolios that aim to
Since the Alternative Investment Fund Managers Directive (AIFMD) came into full effect, MPMF Fund Management (Ireland) Limited is continuing to gain momentum.
MPMF has on-boarded a number of well-known alternative investment funds (AIFs) and anticipates continued significant interest in the services offered.
AIFMD is the European Union (EU) directive that came into force on 22 July 2013, with a transitional compliance date of 22 July 2014. The directive regulates EU and non-EU fund managers that market AIFs to investors domiciled, or with a registered office, in the EU.
MPMF, a Central Bank of Ireland authorised alternative investment fund
The CBOE Futures Exchange (CFE) is to launch futures trading on the CBOE/CBOT 10-year US Treasury Note Volatility Index on 13 November.
Futures on the VXTYN Index offer customers a way to hedge pure interest rate volatility risk based on US government debt with a single product for the first time. The VXTYN Index, on which futures on VXTYN are based, is calculated by applying the CBOE Volatility Index (VIX Index) methodology to futures options data from CME Group's 10-year US Treasury note contract – one of CME Group's most actively traded interest rate options products.
"The market for
The Lyxor Hedge Fund Index was down -2.3% in October (YTD -1.4%). 3 out of 12 Lyxor Indices ended the month of October in positive territory, led by the Lyxor CTA Short Term Index (+1.7%), the Lyxor Long Short Equity Market Neutral Index (+0.4%) and the Lyxor CTA Long Term Index (+0.1%).
Sentiment deteriorated rapidly as a marginal shift in the fragile balance between US reflationary dynamic and Eurozone deflationary forces raised doubts about global growth prospects. Moreover, the USD appreciation started to be considered as a growing threat for US activity. The unfolding of a virtuous reflationary cycle for
Hedge fund compensation increased in 2014 as total capital invested in the hedge fund industry again reached new records, according to the 2015 Glocap Hedge Fund Compensation Report.
With the industry reaching a new high of USD2.82 trillion in assets and net inflows at their highest level since 2007, the industry finds itself in tight competition for talent against other industries, as well as other hedge funds, for top finance professionals.
Compensation increased five to 10 per cent over 2013 compensation, according to the 2015 Glocap Hedge Fund Compensation Report, with front office roles including portfolio managers, traders and
