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Singapore Exchange (SGX) has introduced three new Asian Index Futures to provide investors wider access to almost all of Asia’s key capital and growth markets.
The new contracts, the SGX-PSE MSCI Philippines Index Futures, SGX MSCI Thailand Index Futures and SGX MSCI India Index Futures, complement SGX’s e suite of equity derivatives offerings.
The three new contracts will commence trading from 25 November 2013.
Investors seeking exposure into ASEAN markets can tap on the Philippines and Thailand index products. ASEAN is a growing proportion of global asset portfolios, currently representing 19 per cent of the MSCI AC Asia
Weeden Prime Services has appointed Frank Napolitani as president.
In this role, Napolitani is responsible for leading the continued expansion of the company’s prime brokerage business focusing on hedge funds, registered investment advisers and family offices.
"Prime services are an integral part of our client offering, and we have made substantial progress adding clients in recent months since the acquisition of Saxis Group in April,” says Andrew Formato, president of Weeden & Co. "Under Frank’s leadership, we expect to build on that success and establish the industry's leading prime brokerage platform."
“I’m truly honoured to be joining such
Conyers Dill & Pearman has advised the first Class A Exempt Fund to be registered in Bermuda under the new funds regime.
The Investment Funds Act 2006 was amended in October 2013 to introduce two new fast track categories of funds: Class A Exempt Funds and Class B Exempt Funds.
The new Class A Exempt Fund category guarantees instantaneous registration for funds managed by qualified investment managers. In order to qualify, operators of Class A Exempt Funds must limit the offering of the fund’s securities to “qualified participants” only and must retain an investment manager who is either regulated
Fitch Ratings has released an industry report on alternative asset managers – US Alternative Asset Managers: An Industry Update.
The publication follows the completion of a peer review of six rated alternative asset managers and their related entities, where all ratings were affirmed at existing levels.
The industry report covers a variety of trends and topics impacting the alternative space including the strong exit environment, fundraising trends, the focus on retail distribution, the growing popularity of secondary funds, and new CLO risk retention requirements.
The report also includes a comparative analysis of the six largest publicly traded firms
BNY Mellon has been awarded a Capital Markets Services Licence by the Monetary Authority of Singapore for its new dedicated subsidiary to provide fund management services in Singapore.
The licence was approved on 11 November 2013.
With the new licence, the Singapore subsidiary, BNY Mellon Investment Management Singapore Pte. Limited, will be able to conduct a full range of investment management activities, including research, portfolio management, marketing and sales of collective investment schemes.
BNY Mellon Investment Management has been offering global investment solutions to institutional investors in the region through its investment boutiques, each with their own independent investment philosophy
Traiana’s Harmony CCP Connect is the first middleware solution to match and affirm FX derivative client trades with LCH.Clearnet’s ForexClear service, following the establishment of direct connectivity with the clearing house in July this year.
Traiana’s Harmony CCP Connect provides a workflow solution via the Harmony network for both interdealer and client clearing, including CCP connectivity, trade routing, affirmation, matching, allocation, and reporting for OTC foreign exchange options and NDFs.
Andy Coyne, chief executive, Traiana, says: “We are extremely pleased to have been the first to match and affirm trades through our link with LCH.Clearnet on the day that
Zombie funds continue to plague the hedge fund world and are gradually extending their reach into the private equity market notes Jonathan Sablone (pictured), founder and chairperson, Nixon Peabody’s Private Funds Dispute Group.
As Reuters alluded to recently, data provided by Preqin suggests that private equity firms have up to USD116billion of assets trapped in these funds, so-called because they are akin to the living dead i.e. the funds are inactive, the value of the assets have remained largely dormant for years, yet managers are still collecting their management fees. A similar situation continues to persist in the hedge fund
Global Prime Partners (GPP) has become the latest asset management services client to transfer its back office and account administration and reporting to netConsult's private cloud based hosting infrastructure.
netConsult will be taking on responsibility for GPP's back office account management and support infrastructure.
netConsult provides bespoke and fully compliant IT infrastructure support for global financial entities and is dedicated to working with clients in the alternative investments industry.
Kevin LoPrimo, managing director and head of hedge fund services at Global Prime Partners, says: “Technology is a key factor in dictating a firm’s growth potential and operational strength
Cor Financial’s Salerio has published a whitepaper examining how automation in appropriate business critical areas of hedge funds operations can deliver meaningful commercial advantages.
Operational due diligence (ODD) is an increasingly important element in the decision making process of institutional investors. Investment performance without robust infrastructure is unlikely to convince investors to entrust their money to funds where doubts exist over operational systems and procedures.
With risk in general now such a focus for regulators, market operators and investors alike, the risk (and therefore cost) of potential errors within manual processing is one coming under increasing scrutiny in ODD
Sam Barnett, the 23-year old founder and CEO of SBB Research Group, is a talented individual. Having first developed a sophisticated trading algorithm as a teenager, Barnett (pictured) went on to launch his quantitative hedge fund as an undergrad at Cal Tech.
Today, Barnett is running the fund whilst studying for a post doctorate at Northwestern University. Oh, and he is also an internationally ranked tennis player.
“I believe in a disciplined and quantitative approach to investing and believe it is possible to achieve above market returns with minimal risk as long as this disciplined approach is applied,” Barnett tells Hedgeweek.
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