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Advise Technologies, a software solutions provider for investment managers, has hired Tom Cahill as the company’s new General Manager for Europe.
This announcement comes as Advise customers complete a second round of successful Alternative Investment Fund Managers Directive (AIFMD) Annex IV filings with European regulators.
As part of a continued commitment to Europe and growth in its European client base, Advise has expanded its European presence with local staff to provide the highest level of service to clients.
Bringing 20 years’ experience in the IT and software sectors, Cahill has grown and led European operations at a number of
Columbia Management has launched the Columbia Mortgage Opportunities Fund (CLMZX), an open-end fund which will invest across a full range of mortgage-related and other structured securities.
The fund is managed by Jason Callan, head of structured assets, and Tom Heuer, portfolio manager for structured assets.
The Columbia Mortgage Opportunities Fund offers investors a top-performing management team that has the flexibility to navigate a variety of interest rate, economic and market environments.
“Columbia Management is fortunate to have one of the industry’s leading mortgage-backed investment teams, led by Jason and Tom,” says Colin Lundgren, Head of US Fixed Income. “With this
Bloomberg reports that Andrew Bazarian, a former manager at SAC Capital Advisors LP, plans to start his own Pan-Asian hedge fund betting on rising and falling stocks, according to a person with knowledge of the matter.
Bazarian left SAC’s Hong Kong office in early March, according to licensing data posted on the website of the city’s Securities and Futures Commission. He was one of four responsible officers in the firm’s Hong Kong office at the time of his departure, according to the data.
The Stamford, Connecticut-based hedge-fund firm headed by billionaire Steven A. Cohen reached a record USD1.8 billion settlement over a US
Whitebox Advisors has launched the Tactical Income Fund providing individual investors and advisors access to its fixed income managers who apply an alternative investment philosophy often associated with hedge funds.
“We think investors have come to expect too little from their fixed income allocations. With the Whitebox Tactical Income Fund, we aim to show investors that more is possible,” says Andrew Redleaf, Founder and CEO of the USD3.7 billion asset management firm. “As we have for many years for our hedge fund clients, the team will dive deeply into the fixed income market in search of unique, idiosyncratic opportunities. What we
Institutional investors are turning to smart beta indexes for their investment utility, helping to achieve broader portfolio objectives such as risk reduction and return enhancement more than basic cost savings.
That’s according to a new survey from Russell Investments, which reveals that this is especially true among those managing more than USD10 billion (35% of those surveyed).
In Canada, almost all (95%) of institutions surveyed believe investment strategy is an appropriate application for smart beta, compared to 70% among non-Canadian responders. Furthermore, nearly a third (30%) of Canadian plans are currently evaluating smart beta strategies, compared to 11% of non-Canadian
Eze Castle Integration has expanded its Information Security Consulting Service to help firms satisfy the Securities and Exchange Commission (SEC) cybersecurity guidelines.
Eze Castle Integration’s experienced consultants will create Written Information Security Policies (WISP) for clients that address the administrative and technical safeguards a firm needs to withstand a cybersecurity incident and demonstrate preparedness.
Cybersecurity threats facing the financial industry are intensifying as is the focus of the SEC to ensure firms are prepared and have detailed information security policies in place. In an April 2014 Risk Alert, the SEC stated it will conduct cybersecurity-focused exams of more than
SVM Asset Management has chosen Calastone to manage its order routing service and to provide its electronic, interoperable re-registration solution.
Calastone’s provision of an order routing service for SVM will reduce the complexity and number of links in the funds processing chain, resulting in greater operational and cost efficiency, and enhanced risk management for SVM.
The Calastone Execution Management System (EMS), a web-enabled user interface providing access to the network, will help SVM monitor and manage transactions in real-time.
Calastone has also been selected by SVM to supply an automated re-registration solution. FCA regulation has seen a market
Eurex Exchange is to list index futures based on the TA-25, Israel’s blue chip index, as of 9 June 2014.
The TA-25 index is one of the most heavily traded regional equity indexes.
Eurex Exchange’s TA-25 index futures will be denominated in US dollars.
Yossi Beinart, chief executive of Tel-Aviv Stock Exchange (TASE), says: “I am very pleased that our cooperation has already come to fruition, ushering in a new product which opens up exciting opportunities to invest in the TA-25 index and develop new trading and hedging strategies. The Israeli economy is recognised worldwide as one of
Global Derivatives Indices (GDI), a wholly owned subsidiary of Global Markets Exchange Group International (GMEX Group), is forming a strategic collaboration with Tullett Prebon Information (TPI).
The deal allows GDI the rights to use TPI’s high quality, independent over-the-counter derivatives data as part of its accurate and reliable index benchmarks.
GDI licenses its indices for the creation of futures contracts to group company Global Markets Exchange Group Limited (GMEX), which will launch a Multilateral Trading Facility later this year, subject to approval from the UK Financial Conduct Authority.
The initial launch will focus on the pioneering GMEX Constant Maturity
Eze Castle Integration is expanding its collaboration with SunGard to provide the global hedge fund industry greater access to trading counterparties.
UK-based firms will now have direct access to the SunGard Global Network (SGN) which connects with 150 trading venues worldwide from Eze Castle Integration’s ECI Link Private Network, the communications gateway for more than 500 buy-side firms.
By expanding its trading connectivity to include both the US and the UK, Eze Castle Integration can meet the growing demand for FIX services that help facilitate domestic and cross-border trading.
Eze Castle Integration’s ECI Link provides clients with streamlined
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