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Accounting and professional services firm Anchin, Block & Anchin has been recognised as one of the Best Companies to Work for in New York State for the sixth consecutive year.
This programme, which is managed by the New York State Society for Human Resource Management, recognises top companies throughout New York State. Anchin is one of four companies to be named to the list every year since its inception.
Created six years ago, this annual programme evaluates and ranks the best places of employment in the State based on employee satisfaction and engagement, as well as workplace practices and
The UK economy is set to accelerate and grow over the next two years, according to Michael Low, business development manager of Moneycorp.
Speaking at the Asia Alternative Investment Network in London, he said: “As a result of a booming services sector, the success of the Olympics and innovation coming from the hi-tech industry I am confident of a strong recovery in the UK’s economy. I expect growth to accelerate over the next two years.”
Low backed his assertion with examples from industries such as car manufacturing and aircraft production where production output was increasing plus the encouraging
Misys has released Sophis VALUE v5, its flagship buy-side solution.
The new version offers an increased level of transparency for traditional and alternative asset managers into their operations from pre-trade activity, through portfolio and risk management, to back-office processes.
Investment management firms are searching for new sources of alpha as they face a low-yield environment. Driven by increased volatility in major asset classes and lower expected returns over the long-term, asset managers and their clients need to diversify their portfolios, reduce operational risk, improve compliance with global regulations, expand into new asset classes and geographies while increasing overall
FIX Protocol Ltd (FPL), the non-profit, industry-driven standards body for the electronic trading community, has published updated recommended guidelines for the use of FIX for post-trade processing.
As the tolerance level for post-trade inefficiencies is minimised, the industry is witnessing a determined drive to adopt free, open and non-proprietary standards as the platform on which firms can manage their operational risk and cost base. The strain on the industry’s post-trade infrastructure is expected to permeate further with increasing regulation, shorter settlement cycles and the recognition that there is no competitive edge in this space. Investment managers and broker dealers
Independent commodity investment firm Diapason Commodities Management is to launch the ForestCare Investment Fund, an institutional product investing in tangible forestry assets.
The ForestCare investment universe will cover forest plantations and resulting activities and services such as forest management, wood production and processing, and all investments will be subject to a strict environmental, social and governance (ESG) filter prior to being included in the portfolio.
The fund will take a multi-asset class approach, investing in equities, bonds, forest plots, and forest-related derivatives. Forest plots will form up to 20 per cent of the portfolio where revenue
By Nadia Menezes, Senior Associate, Appleby – Since the introduction of the Mutual Funds Act, 1996, the British Virgin Islands (BVI) has grown from a fledgling jurisdiction to a strong and confident player at the frontline of the offshore funds industry.
The BVI’s legislation artfully blends the best attributes from the United Kingdom, Delaware and other onshore and offshore jurisdictions resulting in a bespoke and dynamic framework of laws. BVI legislation uses concepts familiar to counsel on both sides of the Atlantic and are thus easier to relate to and work with in combination with onshore structures or in meeting
Funds managed by Värde Partners have completed the acquisition of FirstCity Financial Corporation.
Mark B Horrell, who previously served as senior vice president and head of US acquisitions of FirstCity, has been appointed chief executive officer of FirstCity, succeeding James T. Sartain. Sartain will retire and join Värde as a consultant.
Terry R DeWitt, senior vice president and head of global acquisitions of FirstCity, and James C Holmes, senior vice president and managing director of FirstCity, will become chief credit officer and chief operating officer, respectively, and will assist Horrell in leading the operations of FirstCity. FirstCity will
Wikipedia could have been used as early warning signs of stock market movements, according to a study published in Scientific Reports. Researchers led by Dr Suzy Moat, senior research fellow at Warwick Business School, found that changes in how often financially related pages were viewed on Wikipedia could have been linked to subsequent movements of the Dow Jones Industrial Average.
Their historic analysis detected increases in views of financially related Wikipedia pages before stock market falls.
Moat says: “These results provide evidence that online data may allow us to gain a new understanding of the early stages of decision making, giving
With less than three months to go until new legislation ushers in major changes for the European hedge fund industry, a new report reveals that the continent’s share of the global market has remained surprisingly stable at just over a fifth.
TheCityUK’s Hedge Funds 2013 report also shows that London retains its position as Europe’s hedge fund capital, and is second only to New York for global hedge fund management with 18 per cent of the global share.
According to TheCityUK, hedge fund activity levels in London and Europe have held firm following the rise in UCITS compliant
RIMES, a leader in managed data services, has flagged the challenges presented by the European Securities and Markets Authority’s (ESMA) consolidated guidelines on ETFs and other UCITS issues to investment managers throughout Europe.
Continual product innovation and sophisticated investment techniques in the UCITS funds market has continued to focus the regulators’ attention on these structures, and as a result ESMA’s new guidelines on ETFs and other UCITS came into effect in February.
While the guidelines seek to strengthen investor protection, mitigate counterparty risk and increase transparency and disclosure to investors, they also have a major impact on managers
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