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The founding partners of SunTx Capital Partners, in collaboration with veteran senior portfolio manager Ron Dodson, have launched IXTHYS Capital Management, a hedge fund investment manager.
IXTHYS will be headquartered within SunTx’s Dallas offices but will be managed distinctly and separately from SunTx’s sponsored private equity funds. SunTx’s founding partners have made initial capital contributions.
Dodson, a derivative instruments trader with nearly 20 years of experience, will serve as IXTHYS’ portfolio manager. Dodson most recently served as the portfolio manager at NorCap Investment Management, overseeing the firm’s Diversified Premium Fund.
Ned Fleming (pictured), founder and managing partner of
The Securities and Exchange Commission is carrying out the second-largest trading suspension in agency history as it continues its "Operation Shell Expel" crackdown against the manipulation of microcap shell companies that are ripe for fraud as they lay dormant in the over-the-counter market.
The SEC has suspended trading in the securities of 61 empty shell companies that are delinquent in their public filings and seemingly no longer in business based on an analysis by the SEC’s microcap fraud working group. Since microcap companies are thinly-traded, once they become dormant they have great potential to be hijacked by fraudsters who
Market Vectors Index Solutions (MVIS) has announced the May performance for its six investable Market Vectors Hedge Fund Beta Indices.
Each index is constructed using transparent, liquid ETFs to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
MVIS currently offers four regional and two global long/short hedge fund strategies.
MV North America L/S Equity Hedge Fund Beta Index (MVLSNATR): 1.32 per cent
MV Emerging Markets L/S Equity Hedge Fund Beta Index (MVLSEMTR): -2.68 per cent
MV Western Europe L/S Equity Hedge Fund Beta Index (MVLSWETR): 0.62 per cent
MV Asia (Developed) L/S Equity
Misys, the application software and services company, has launched Misys Risk Insight, a new way of visualising and managing risk across the organisation.
The solution from Misys is both a risk aggregation tool and a presentation dashboard that gives banks an intelligent and dynamic way to control and manage risk on all levels of the organisation.
Sitting at the heart of Misys Global Risk, which was launched in November 2012, Misys Risk Insight gathers together all risk information from each part of the organisation into one central place. Risk Insight is a valuable tool for anyone who needs to
ICAP, a markets operator and provider of post trade risk mitigation and information services, has begun trading in Sterling (GBP) on i-Swap, its electronic interest rate derivative platform.
This follows the launch of i-Swap in the US in Dollars in February 2013. Euro interest rate swaps (IRS) was launched on i-Swap in September 2010.
As with Euro IRS and US Dollar IRS, i-Swap’s shareholding banks – Citigroup, Bank of America Merrill Lynch, Barclays, Deutsche Bank and JP Morgan – will support the platform with streaming prices.
The i-Swap trading platform is for interest rate derivatives and enables
The European Securities and Markets Authority has published its technical advice evaluating the impact of the regulation on short selling and certain aspects of credit default swaps on European financial markets.
ESMA has prepared this in response to a European Commission request for technical advice to inform its report to the European Parliament and Council on the impact of the regulation, due by end of June 2013.
The advice was requested only a short time after the implementation of the regulation on 1 November 2012 and so there were limits to the market data available, and limited regulatory
Cordium, a compliance consultancy to the asset management industry and new name for HedgeOp Compliance and The IMS Group, has made two key appointments.
Peter Guarino, vice president, will join Cordium’s Boston office, and Vivek Pingili, vice president, will join Cordium’s New York office, both reporting to managing director and partner, Patrick Shea.
Guarino will bring nearly 30 years’ experience as chief compliance officer (CCO) and in-house counsel to bear in a role that will see him spearhead Cordium’s mutual fund division, an area of growth for the consultancy. Most recently, he served as the CCO for
Gottex Brokers, an interdealer broker in interest rate derivative products and a specialist in Swiss interest rate derivatives, has opened a London office focusing on agency brokerage.
The new office, based on Savile Row, will provide credit trading services in structured credits and rates, global high yield and investment grade credits, servicing both existing and new institutional clients in the UK/ Europe, the Middle East and around the world.
The new office will manage relationships with institutional investors such as asset managers, hedge funds, family offices and pension funds.
The opening of the new office is in
UCITS funds continue to be one of the most popular forms of foreign-domiciled funds in Asia Pacific according to an article written 30 May 2013 by Sanjay Jayant, Global Head of Product Solutions – Fund Services, HSBC Securities Services. Their popularity, says Jayant, is principally down to the level of protection their give investors and, if they are domiciled in Luxembourg or Ireland – as many UCITS funds are – certain tax advantages.
Fund promoters and managers in Asia are busy capitalizing on what has become an internationally recognized fund wrapper and as Jayant writes: “Fund managers are using UCITS to
Appleby has acquired Caledonian Trust (IOM) and Caledonian Fund Services (Europe) as part of the group’s ongoing strategy to grow its fiduciary and administration business.
Sean Dowling (pictured), office managing partner of Appleby (Isle of Man), says: “We have continued to look for new opportunities to build on the success of Appleby Trust (Isle of Man) Limited since its establishment in 2000. The staff at Caledonian are a great fit with our team – they strive for the high standards of service our clients are used to and we are pleased to welcome them on board.
“Appleby is committed
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