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Topturn Capital, a boutique investment management firm, is teaming up with professional surfer Joe Curren in a bid to take advantage of the SEC's ratification of the JOBS Act and new marketing opportunities it presents.
"The SECs recent ratification of the Jobs Act has dramatically changed everything," says Dan Darchuck, Top Turn Capital's co-founder and managing director. "When our industry leverages the ability to outwardly market alternative investments, things are going to get very competitive very quickly. We just happen to be leading the industry."
In the surfing lexicon, a top turn refers to a surfer's ability to reposition himself back
Charles Hepworth (pictured), the investment director responsible for GAM’s DFM business, shares his insights into the various asset classes to love and leave…
Cantor Fitzgerald Europe has expanded its credit fixed income sales and trading team with the appointment of Jose Contreras and David Coffey in London.
Contreras will focus on high yield, distressed and asset-backed securities in Spain and Portugal and Coffey will focus on sales and sourcing for investment grade, high yield, leveraged, distressed and aircraft bonds and loans.
"One of our top priorities is to aggressively grow our fixed income business and global distribution platform in key markets. We continually evaluate opportunities to build out our team to expand our service offering to clients and drive growth of our
October trading volume in VIX futures totalled 4.19 million contracts, a 72 per cent increase from October 2012 and a 42 per cent increase from the previous month, according to figures released by the CBOE Futures Exchange.
October was the second most-active month all-time for VIX futures trading, trailing only the 4.21 million total contracts traded in June 2013. Average daily volume in VIX futures during October was 182,257 contracts, a 57 per cent increase from October 2012 and a 23 per cent increase from September.
October exchange-wide trading volume at CFE totalled 4.21 million contracts, a 72 per
Noonday Asset Management will now operate under the name Farallon Capital.
The name change unites Farallon Capital Management's global offices under a single name, effective 1 November 2013.
"Over the years, our partners at Noonday have played an increasingly greater role in the firm and have become a critical part of who we are and how our business is run," says Andrew Spokes, Farallon's managing partner. "While we have largely been known as Noonday in Europe and Asia for some time now, operating under a single name will better serve our overseas teams in every market."
"We have
Neuberger Berman, one of the world’s leading asset managers, this week announced the launch of the Neuberger Berman Absolute Return Multi-Strategy Fund (ARMS), following the rapid success of the US regulated version of the same strategy, launched in May 2012.
The multi-manager product targets positive absolute returns with low market exposure through diversified allocations to proven hedge fund strategies. At the same time, it addresses the structural drawbacks of hedge fund investing through a client-friendly UCITS vehicle. The structure offers investors key features such as daily dealing, no performance fees at any level, a capped total expense ratio, high levels
CBOE Holdings has reported third quarter 2013 net income allocated to common stockholders of USD41.0m, or USD0.47 per diluted share, compared with USD45.2m, or USD0.52 per diluted share, in Q3 2012.
On an adjusted basis, net income allocated to common stockholders was USD41.0m, or USD0.47 per diluted share, compared with USD37.7m, or USD0.43 per diluted share, in the same period last year. Operating revenue for the quarter was USD136.7m, up seven per cent compared with USD128.3m in the third quarter of 2012.
Financial results presented on an adjusted basis for the third quarter of 2012 exclude the recognition of
BATS Chi-X Europe, the pan-European recognised investment exchange, is in the process of on-boarding customers to BXTR, a suite of on- and off-exchange trade reporting services.
With all functions fully operational, the BXTR pan-European trade reporting service has captured significant market share since its launch earlier this month.
Mark Hemsley, chief executive of BATS Chi-X Europe, says: "We are encouraged greatly by the initial participation in BXTR, as customers realise the benefit of our comprehensive, pan-European reporting services. We appreciate the support of our initial participants and look forward to working together as an industry to improve and consolidate
TriOptima has launched a UTI (Unique Trade ID) pairing functionality to assist firms preparing for the European trade repository reporting effective February 2014.
The service accommodates paper-confirmed trades and foreign exchange (FX) trades without a common match ID.
EMIR trade reporting rules require that trades outstanding during the specified period before the effective date be reported to a trade repository. In order to achieve this backloading, firms must agree UTIs for those trades. TriOptima’s new service enables firms using triResolve to assign a UTI to paper-confirmed OTC derivative trades and FX trades lacking a common match ID.
This
Luxembourg issued a clear signal of intent this year. Not only was the Grand Duchy one of the first EU Member States to implement the AIFM Directive on 15 July 2013, it also made significant amendments to the 1915 Company Law, within which the limited partnership regime is defined.
There are two key developments – the first is a revamp to the existing SCS (Société en Commandite simple), the well-known corporate limited partnership without shares. The second is the creation of a new Société en Commandite Spéciale (SCSp); a special limited partnership that is very similar to the well-known common
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