Latest News
Canadian asset management company Aston Hill Financial has appointed John Fielding to its board of directors, effective immediately.
Fielding is a director of Array Marketing (formerly IDMD Design and Manufacturing), a retail merchandising company he founded and later sold in 2000.
Fielding also serves as chairman of the board and is a founding shareholder of Ethoca Technologies, an e-commerce fraud solutions provider.
Fielding is a principal in StudentHouses.ca, Amsterdam Brewing and the New Amsterdam Brew Pub in Toronto, NovaCore Communities and John Fielding Horses.
Aston Hill Financial offers a suite of retail mutual funds, closed end funds,
Gottex Fund Management has launched its Swedish multi-asset UCITS product on the Folksam unit linked platform and has opened its Scandinavian office.
Gottex recently launched the Gottex GMA Balanserad Fund, a daily dealing UCITS fund, on the Folksam unit-linked platform in Sweden.
The fund is a globally diversified core investment solution which invests in nine asset classes including global and Swedish equities, emerging markets, real estate, commodities and hedge funds. The asset allocation is inspired by top performing US University Endowments like Harvard and Yale, which have generated very strong returns over the last 25 years.
The Gottex
By Fiona Le Poidevin – The implementation of AIFMD provides increased reasons to (re)domicile or co-domicile funds in the third country of Guernsey, says Fiona Le Poidevin, Chief Executive of Guernsey Finance.
In October, the Alternative Investment Management Association (AIMA), together with EY, published the results of a survey which showed the inconsistency in approach from national regulators in how they are implementing the Alternative Investment Fund Managers Directive (AIFMD).[i]
It followed a previous AIMA and EY report published in late July last year which showed that only 12 out of 31 European Union (EU) and European Economic Area
CBOE Holdings has reported new single-day volume records for CBOE Volatility Index (VIX Index) options and the C2 Options Exchange (C2SM).
Options on the VIX Index established an all-time, single-day volume record of an estimated 2,367,764 contracts traded, surpassing the previous record of 1,797,052 contracts traded on 8 October 2013.
C2SM, meanwhile, set an estimated daily record of 662,195 contracts traded, surpassing the previous record of 623,314 contracts traded on 19 April 2013.
VIX Index futures recorded their second-best day ever, with estimated volume of 355,578 contracts. VIX futures’ most active day remains 449,955 contracts traded on 15
The US Commodity Futures Trading Commission (CFTC) has revoked the registrations of Chicago Trading Managers (CT Managers).
CT Managers had been registered with the CFTC as a commodity pool operator and commodity trading advisor.
On 27 December 2013, CFTC judgment officer Philip V. McGuire issued a decision against CT Managers, finding that it was statutorily disqualified from CFTC registration based on a default judgment and permanent injunction order entered by the US District Court for the Southern District of New York on 15 May 2013.
That injunction prohibits CT Managers from, among other things, committing further fraud; entering
The Securities and Exchange Commission (SEC) has filed a civil injunctive action against Revelation Capital Management and its principal, Christopher PC Kuchanny, alleging illegal short selling.
Kuchanny, who resides in Hamilton Parish, Bermuda, is the chairman, chief executive officer, chief investment officer and sole shareholder of Revelation Capital, an exempt reporting adviser with its principal place of business in Pembroke, Bermuda.
Rule 105 is designed to prevent potentially manipulative short selling just prior to the pricing of follow-on and secondary offerings, thereby facilitating offering prices determined by independent market forces. Rule 105 prohibits any person who makes a short
Kinetic Partners, the global professional services firm, is the first advisory and consulting group to be granted AIFM licensing by the Commission de Surveillance du Secteur Financier (CSSF).
Kinetic Partners (Luxembourg) Management Company can now operate as a “Super ManCo”, offering outsourced fund management services to third party AIFs in addition to UCITS funds.
The solution includes a complete AIFM-licenced third party management platform, based in Luxembourg.
With this SuperManCo status, Kinetic Partners (Luxembourg) Management Company can provide a fully-fledged service offering to asset managers who are seeking to distribute funds across Europe or who are required to outsource AIFM
Calypso Technology has released an interface to the DTCC’s global trade repository service (GTR) for EMIR (European Markets Infrastructure Regulation) reporting.
DTCC’s GTR, which is one of the six TRs approved by the European Securities Markets Association, offers regulators transparency into the USD650trn OTC market.
The Calypso product is released in advance of the 12 February 2014 deadline for EMIR trade repository reporting for all asset classes. The module is an extension of Calypso’s OTC Clearing Solution for CCPs, clearing members and derivatives end users. It builds on Calypso’s DTCC GTR for Dodd-Frank reporting on OTC derivatives, delivered in
Mariner Investment Group has named Robert Hodgson and Michael Oberdorf to run a global healthcare long/short equity portfolio on the Mariner Incubation Platform.
Mariner originally launched the mandate in April 2013 to be managed by leading investment talent sourced from the hedge fund industry.
Hodgson and Oberdorf formerly were founding partners and portfolio managers of Lenus Capital Partners where they managed a long/short equity healthcare fund, and had previously worked closely together at both BlackRock and Merrill Lynch Investment Managers.
It is the fifth addition to the investment team managing the current Mariner Incubation Platform mandate.
The
All six of Market Vectors’ investable hedge fund beta indices returned negative performance in January.
The MV Emerging Markets L/S Equity Hedge Fund Beta Index was the worst performer down 3.46 per cent.
This was followed by MV Asia (Developed) L/S Equity Hedge Fund Beta Index (-3.29 per cent), MV North America L/S Equity Hedge Fund Beta Index (-2.62 per cent), MV Global L/S Equity Hedge Fund Beta Index (-2.02 per cent), and MV Western Europe L/S Equity Hedge Fund Beta Index (-1.91 per cent).
MV Global Event L/S Equity Hedge Fund Beta Index had the lowest fall
