Latest News
New listing rules for equities and investment funds have been issued by the Cayman Islands Stock Exchange (CSX) as a further development of its upgrade to the Deutsche Boerse’s Xetra trading platform.
Existing rules have been refined based on market and regulatory developments and some new rules have been established to accommodate the nature of specialist companies, particularly mineral companies and shipping companies, as well as investment funds, including exchange traded funds and forestry funds which may be seeking sophisticated investors.
New rules have also been established to provide adequate transparency and disclosure for the inclusion of retail
GoldenTree Asset Management, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, has appointed James Clarke as managing director – business development.
Clarke is based at GoldenTree’s New York City headquarters and will report to Thomas Humphrey, partner and head of business development.
Prior to joining GoldenTree, Clarke was a senior vice president in business development for Paulson and Co., where he was responsible for covering large institutional investors including public and corporate pensions, and foundations and endowments in the US, Canada and Australia.
“We are delighted to announce
S&P Capital IQ has concluded an internal review of its product portfolio and is pursuing strategic alternatives for its fund research business, previously known as funds management research or FMR.
To maximise value, the firm will explore a full range of alternatives for the business. During the process, the firm will continue to run its fund research business and fully support ongoing client activities.
The S&P Capital IQ fund research business is an independent, qualitative research service that provides assessments of fund manager investment process and operational consistency. Since its inception in 1990, the fund research team has assessed
BGC Partners, a brokerage company servicing the wholesale financial and real estate markets, has appointed Peter Pao as director, Greater China.
Pao, who brings more than 30 years of broking experience and capital markets expertise, joins BGC Hong Kong to manage its business across Greater China and to pursue regional business opportunities.
He will be based in Hong Kong and will report directly to Len Harvey, executive managing director and general manager, Asia-Pacific.
"I’m delighted to welcome Peter to our growing Asia-Pacific management team," says Harvey. "Peter has enjoyed a successful career within the inter-dealer broker industry.
New York-based hedge fund adviser Philip A Falcone and his advisory firm Harbinger Capital Partners have agreed to pay more thean USD18 million and admit worngdoing to settle chrages brought by the US Securities and Exchange Commission.
Falcone has also agreed to be barred from the securities industry for at least five years.
The The Securities and Exchange Commission (SECD) filed enforcement actions in June 2012 alleging that Falcone improperly used USD113 million in fund assets to pay his personal taxes, secretly favoured certain customer redemption requests at the expense of other investors, and conducted an improper “short squeeze” in
FIX Protocol Ltd, the non-profit, industry-driven standards body for global financial trading, has changed its name to “FIX Trading Community”.
A new website has also been created as a platform where the global FIX community can meet and exchange knowledge.
Since its launch over 15 years ago, the organisation has achieved success in developing and encouraging adoption of the FIX messaging standard, which has become the language of the global financial trading community. In recent years the organisation has expanded its focus to more effectively support market participants faced with the emerging business and regulatory issues impacting multi-asset
Warsaw Stock Exchange (WSE), the largest exchange in Central Europe, and Aquis Exchange, the proposed pan-European equities trading exchange, have entered into agreement to form an alliance.
Under the terms of the agreement, WSE will acquire shares representing 30 per cent of the total vote at the Aquis Exchange general meeting and the same share of the company’s profits and will have a right to nominate two non-executive directors to the Aquis Exchange board of directors. The total transaction value is GBP5m and will be covered by WSE’s equity.
The investment aims at diversifying sources of WSE Group’s
BCS Prime Brokerage has launched the fastest ultra low latency data line yet between London and the Russian Exchange in Moscow.
The development now exclusively allows BCS Prime clients the opportunity to trade equities, derivatives, FX, and other financial products between the two financial centres in the most time and cost efficient manner.
It is the first ultra-low latency data line with a sub-39 millisecond connection between Moscow’s M1 data-centre and the InterXion in London, ensuring the best available line between the two financial centres. There will be additional geographically diverse back up locations via Frankfurt
According
The Conifer Group, a provider of fund administration, middle office, trading and prime brokerage services to the hedge fund industry, has made several new hires in the firm’s New York office.
Drew Burggraf has joined as vice president and team leader for the New York prime brokerage team while Jarod Riley is the new vice president and Kyle Vedder the client services representative for Conifer’s middle- and back-office (MBO) services business. Pamela Fong has also joined as a shareholder services professional on the fund administration team in New York.
These new hires come at a time of robust
Closed ended investment company AcenciA Debt Strategies has reported a net asset value (NAV) per share at 30 June 2013 of 107.03p (taking account of dividends paid), an increase of 5.3 per cent.
AgenciA has also declared an interim dividend of 1.87p, representing an annualised dividend yield of 3.8 per cent based on the closing share price of the company of 97.5p on 15 August 2013.
Total shareholder return for the six month period ended 30 June 2103 was 14.9 per cent, which exceeded the HFR Distressed Index (2.5 per cent) as well as the S&P Leveraged loan
Special Reports
FeatureD
- Insight
