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GoldMoney has promoted financial controller Peter Wright to the position of chief financial officer, with immediate effect.
Wright (pictured) joined the company’s head office in Jersey six years ago as financial controller, before being promoted to finance director in 2008.
Chief executive officer Geoff Turk says: “Pete has proved himself to be a competent and insightful financial manager, helping to guide GoldMoney through a time of rapid expansion and global diversification. I am delighted that he will now consolidate his position with us as we continue our strategic development.”
Prior to joining GoldMoney.com, Wright worked as
CFA Institute, the association for investment professionals, launched the Claritas Investment Certificate yesterday at its 66th Annual Conference (19-22 May in Singapore).
The new education programme provides a thorough understanding of how the investment industry works and represents a new international education and ethics standard across the financial services sector.
The Claritas certificate is accessible to a wide range of professionals working with investment decision makers in functions such as operations, administration, IT, HR, marketing, sales, compliance and customer service. It is a self-study course which requires between 80 to 100 hours of study over a six month
Securities and Exchange Commission chairman Elisse Walter has voiced concerns over potential increased investment losses by qualified but unsophisticated “accredited investors”.
Implementation of the JOBS Act, she said, would greatly increase the potential for fraud against recent retirees, among others. Walter recommends an overhaul of the accredited investor definition, as well as additional oversight and industry regulation.
Vcheck Global’s due diligence processes are positioned to help fund managers prove to regulators that their investor clients have been properly vetted. By using its investigative processes, Vcheck Global has been able to quickly and affordably give clients more detail about
After nearly 12 months in operation, over 400 limited partner firms and more than 600 general partner firms from 60-plus countries actively use Palico.
LPs, GPs and advisers have connected on more than 500 investment opportunities posted on Palico in the past year.
Palico is the first regulated electronic platform for the full range of private equity fund investment options, including classic fundraisings, co-investments, secondaries and deal-by-deal structures. Using Palico, LPs, GPs and advisers, meet and engage with qualified counterparts on primary, co-investment and secondary opportunities.
Palico helps LPs and GPs connect in a private equity fund
With just over eight weeks to go before the AIFMD transposition deadline, Sebastien Danloy (pictured), Head of Investor Services Europe and Offshore at RBC Investor & Treasury Services, comments on late implementation and its effects on asset managers…
The clock is ticking. Member States have until July 22 to transpose the Alternative Investment Fund Managers Directive (AIFMD) into their national law, but concerns remain over whether they and asset managers will be ready in time. The AIFMD, now just three months away, will usher in a new era for alternative investments by introducing a harmonised framework across the European Union
The SS&C GlobeOp Forward Redemption Indicator for May 2013 measured 3.77 per cent, up from 2.95 per cent in April.
“Redemption requests are in line with the May historical averages,” says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp’s assets under administration
Alternative investments provider Altegris has allocated assets in its Altegris Macro Strategy Fund to the global macro strategies of 300 North Capital and Willowbridge Associates.
The Altegris Macro Strategy Fund seeks to generate absolute returns from income and capital appreciation regardless of market direction.
In keeping with Altegris’ mission to find best-of-breed alternative investment managers for clients, this actively managed mutual fund attempts to reach its investment objective primarily through exposure to global macro strategies targeting the commodity and financial futures markets and other global financial markets.
"Exposure to 300 North Capital and Willowbridge Associates will further
Professor Jon Rushman believes that in the long term cyber currencies like Bitcoin could see the end of central banks and foreign exchange and so it is understandable governments are nervous about it.
The new virtual currency has become progressively more popular since the financial crash and its proponents say it will revolutionise banking. Its main exchange, Mt Gox, was raided by the US Department of Homeland Security, who usually deal with terrorist threats, last week.
Rushman (pictured), a former managing director at BlackRock, says: “You can understand why governments are nervous about Bitcoin.
“It is fascinating.
Managers need to start performing a rational cost benefit analysis on the Alternative Investment Fund Managers Directive (AIFMD) and to strip out the emotion, says Ernst & Young.
“The AIFMD knot is difficult. A single stroke of the knife won’t solve the problem as efficiently as a careful unraveling of the knot,” say Ernst & Young executives Samer Ojjeh (pictured), principal in the financial services office, New York, and Kai Braun, executive director, Luxembourg.
“Unless managers decide to rely on reverse inquiries, their costs of marketing into Europe are going to increase. Firstly, the costs associated with building out
GoldMoney sold nearly USD14m (GBP9m) of gold to retail customers in the last two weeks of April, as the price for one ounce of the precious metal fell by up to USD250.
Overall gold buying increased by 30 per cent via GoldMoney’s head office in Jersey, as customers sought to take advantage of the price fall to increase their gold holdings. New customer registrations also increased by 66 per cent on the previous month, marking one of the most active buying periods since GoldMoney was established in 2001.
While the majority of customer gold is stored in the
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