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The US Securities and Exchange Commission (SEC) has issued guidance to assist investment managers in applying Section 206(4) of the Investment Advisers Act of 1940 to their use of social media.
According to law firm Sadis & Goldberg, the guidance seeks to assist investment managers in developing compliance policies and procedures reasonably designed to address marketing through social media.
Section 206(4) of the Advisers Act generally prohibits any investment manager from directly or indirectly publishing, circulating, or distributing any advertisement which refers, directly or indirectly, to any testimonial of any kind concerning the investment manager or concerning any advice, analysis, report
Neuberger Berman Group has expanded its global high yield team with the appointment of Andrew Wilmont as lead European high yield portfolio manager, based in London.
Wilmont, a veteran portfolio manager who most recently served as head of European high yield investments at Alcentra Ltd, will be a senior member of Neuberger Berman's global high yield team, reporting to Ann Benjamin, the firm's chief investment officer for non-investment grade strategies.
"High yield has matured into a global asset class and we're delighted to expand our investment capabilities and the range of strategies Neuberger Berman offers to clients with an
Brinker Capital has launched three 40-Act liquid alternative mutual funds – Crystal Strategy Absolute Income Fund, Crystal Strategy Absolute Return Fund, and Crystal Strategy Leveraged Alternative Fund.
The new funds are designed to mirror the investment strategy of the firm’s Crystal Strategy suite of global macro funds, and will be offered primarily through the insurance-based and independent broker dealer channels as well as through registered investment advisors.
The funds are available via the Fidelity IWS and NFS, Pershing, Schwab, TD Ameritrade and LPL custodial platforms.
In 2009, Brinker Capital launched The Brinker Capital Crystal Strategy I, one of
ML Capital Asset Management is reporting high levels of demand for both European and US long/short equity funds this quarter, with a healthy swing towards UK equity strategies.
The investment manager and promoter of the MontLake UCITS Platform has launched the 14th edition of the quarterly ML Capital Alternative UCITS Barometer, which is designed to help identify and anticipate key trends in the demand for the major strategies within the alternative UCITS sector.
The Barometer also highlights strong levels of support for market neutral, fixed income and global macro sectors. While global macro has consistently been one of the
Clearstream has reached a key milestone for developing a direct settlement link to the Taiwanese market by opening an account with the Taiwanese central securities depository.
As part of its Asia strategy, Clearstream is working with the Taiwanese Central Securities Depository (TDCC) to develop a direct settlement link for global investors and issuers to access the Taiwanese international bond market such as the Renminbi-denominated “Formosa bond”.
By opening an account with the TDCC, Clearstream becomes the first international central securities depository (ICSD) foreign participant of this local CSD and kicks off the process for establishing a settlement link in
Robert Leonard and Michael Mavrides have joined the law firm Proskauer’s hedge fund group as partners in the firm’s New York office.
The addition of these practitioners will enhance the firm’s ability to serve hedge fund clients across the universe of fund types and strategies.
Leonard’s industry experience spans over 25 years, representing, structuring and organizing domestic and international hedge funds, funds of funds, and other private investment funds and fund managers. He advises on master-feeder, side-by-side and mini-master funds for hedge fund managers across all investment disciplines. He also has substantial experience with seed deals and funds of one. Leonard also has
2013 was the best year for IPOs of listed investment companies since 2007, in terms of both numbers of new funds launched and the amount raised, with 21 London listed investment company launches raising GBP3.5bn, writes Joe Truelove, Director of Carey Group.
Secondary issuance in the sector saw existing funds raise an additional GBP2.5bn. The market hasn’t quite reached the boom in launches of the period 2005 – 2007 which saw 215 fund launches in a three year period but this is a return to the typical number of listed fund launches of the era before the boom but with
Volante Technologies has enhanced Volante Designer version 5.0 to support the Hadoop framework.
Integrating Hadoop functionality into Designer enables Volante clients to set up analytic conditions and feed data sets directly into a high-end analytical Hadoop environment of their choice.
Users can start the design, development and testing of a 'Big Data' analytical solution without having to pre-install a Hadoop engine or hire technical experts. This makes it easier to set up and analyse previously inaccessible large hybrid data sets stored in data warehouses, in a short timeframe with little upfront investment.
Using Volante and Hadoop, complex
BTIG, a financial services firm specialising in institutional trading and related brokerage services, has secured a strategic investment from CLSA.
BTIG and its global affiliates will continue to operate as fully independent organisations.
CLSA, an Asian independent brokerage and investment group, is based in Hong Kong and has offices around the globe.
“We are excited by CLSA’s investment,” says Steve Starker, co-founder of BTIG. “CLSA shares our commitment to providing institutional clients with superior services.”
In the last decade, BTIG has grown from four individuals in a single office to over 450 professionals worldwide working in nine
Financial services advisory firm Kinetic Partners has made promotions across its global teams.
There are four promotions to member: AnnMarie Croswell in Hong Kong, Jess Shakespeare in the Cayman Islands and Ian Manson and Richard Crannis in London.
Claire Simm is promoted to director in London and Katrina Banh and Jason Bleau are promoted to associate director in Hong Kong and London respectively.
Julian Korek, CEO, Kinetic Partners says: “The regulatory landscape is dramatically different to five years ago. Regulators are scrutinising company procedures far more and also working together to bring international enforcement actions. Companies now have
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