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Liquidnet, the global institutional trading network, has appointed Christopher Wall as head of market surveillance in Europe and David Stockwell as market surveillance specialist.
Wall’s primary responsibilities are to lead and manage the surveillance team’s daily operations, including operating a surveillance system, Liquidity Watch.
He is responsible for ensuring compliance with regulatory initiatives such as the FCA Code of Market Conduct and ESMA guidelines.
Based in London, Wall reports directly to Anna-Maria De La Roche, Liquidnet’s European head of compliance and regulation.
As a surveillance specialist, Stockwell's role at Liquidnet will be to proactively monitor all members
Earlier this year, the Bahamas Financial Services Board (BFSB) hosted its annual International Business and Finance Summit (IBFS) under the theme “Bahamas Advantage: Survival of the Fittest”.
The theme speaks to the challenges faced by IFCs following the financial crisis and the necessary and fundamental adaptation required as a result. IBFS represents what is an ongoing and conscientious effort by The Bahamas to evaluate its core strengths and embrace innovation and adaptation to carve out new niches and advantages in wealth management, highly specialised investment vehicles and business services.
Certainly, one cannot ignore the fact that the far reaching changes
Rothschild Asset Management and Larch Lane Advisors have launched Rothschild Larch Lane Management Company.
The joint venture company will act as the investment advisor for a multi-manager liquid alternatives 40 Act fund that will use a risk balanced approach to portfolio construction.
Rothschild and Larch Lane will share their experience managing multi-manager alternatives portfolios.
Rothschild brings complementary global research of liquid hedge fund managers and distribution. Larch Lane is a pioneer in early stage hedge fund investing, hedge fund seeding, and is a well-known fund of hedge funds investor in the US.
"This is a great milestone for
Cordium, a provider of compliance consulting, accounting, tax and software, is partnering with financial services technology specialist Indus Valley Partners (IVP) to help clients meet the Alternative Investment Fund Managers Directive’s (AIFMD) stringent Annex IV reporting requirements.
The solution already fully covers Form PF reporting.
The reporting solution enables investment managers to meet their global regulatory reporting needs from a purpose-built cloud platform and fully supports Annex IV reporting under AIFMD, as well as Form PF.
Alternative investment fund managers (AIFMs) that manage or market an AIF into the European Union or EEA will be obliged to
Hedge funds up 0.87 per cent in Q1 2014, with fund managers delivering performance-based gains of USD21 billion and recording net asset inflows of USD38 billion over this period – bringing the current AUM of the global hedge fund industry to USD2.07 trillion, a new record high.
The Eurekahedge North America Hedge Fund Index was up 2.25 per cent in the first quarter of 2014, outperforming the S&P 500 (INDEXSP:.INX) index which gained 1.30 per cent over this period. Long/short equities funds record their 16th consecutive month of positive net asset flows, with net capital allocations to the strategy for Q1 2014 at USD38.5 billion and total
Neonet Securities, the independent agency broker, has appointed Alasdair Haynes as its new non-executive chairman.
Haynes (pictured), who has been a member of the Neonet board since February 2013, replaces Peter Melbi, who is moving on to another board directorship.
Haynes is the founder and chief executive of pan-European cash equities trading platform Aquis Exchange and previously headed up Chi-X Europe.
Before that, he led the European and Asian operations of international electronic broker ITG and held senior positions at investment banks, including HSBC and UBS.
John Ashdown, managing partner at Hay Tor Capital, says: "Both KAS BANK
Kinetic Partners, the global financial services advisory firm, has promoted Jess Shakespeare to member in the Cayman Islands.
Shakespeare becomes a member within the corporate recovery and forensic & dispute advisory team.
Kinetic Partners has strengthened its team in the Cayman Islands to reflect the increase in zombie funds assignments and the call by many investors to exit these positions.
With zombie funds, Kinetic Partners’ focus is to support clients to expedite positions, by implementing bespoke exit strategies for investors in these distressed funds.
Mark Longbottom, member at Kinetic Partners’ Cayman Islands office, says: “Our reputation as
The Depository Trust & Clearing Corporation (DTCC) has released a white paper outlining the rationale for supporting a move to shorten the settlement cycle (SSC) in the US financial markets for equities, corporate and municipal bonds and unit investment trust (UIT) trades.
DTCC’s view is that shortening the time period between trade execution and settling payment for US cash securities transactions protects the financial markets by reducing credit and liquidity risks to both the industry and the individual investor.
Currently, the securities industry completes settlement for trades in equities and certain debt securities on the third day after a
Gottex Fund Management, an independent global alternative asset management group, has combined client assets of USD8.6 billion as at 31 March 2014, compared to USD8.1 billion at 31 December 2013.
Combined fee earning assets were up 14 per cent during the quarter when excluding platform assets, primarily as a result of client subscriptions, particularly in advisory mandates.
The company received shareholder approval for the Gottex EIM transaction at Gottex’s annual general meeting (AGM) held on 16 April 2014, as well as FCA approval. Completion is now subject to approval by FINMA, the Swiss regulatory authority.
Gottex’s bond
ALTIN, the Swiss alternative investment company listed on the London and Swiss stock exchanges, posted a six per cent increase in net asset value (NAV) during the first quarter.
The share price discount to NAV fell significantly since the beginning of 2013, reducing from 34.5 per cent to 20.1 per cent.
The portfolio remains sufficiently liquid, with 67.9 per cent of assets invested in funds with monthly or better liquidity, allowing the manager to make allocation shifts when deemed necessary.
The first quarter of the year was a period of contrasting forces and of irregular market dynamics.
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