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Liquidnet, the institutional trading network, has made two senior appointments to its London based EMEA trading team to further strengthen and develop relationships with its community of asset management firms.
These hires come on the heels of Liquidnet’s strong quarterly growth in Europe, with total principal traded up 64.7 per cent from Q4 2012.
Julien Fougere has been appointed head of trading coverage EMEA with responsibility for developing Liquidnet’s buy-side institutional member relationships. He will report directly to Tony Booth, head of sales.
Stuart Thompson joins as an execution trader and will support Liquidnet members’ trading needs via
Asset class performance has been very mixed so far this year with currency volatility re-awakened and softening global economic data suggesting more difficult times ahead.
Stephen Cohen (pictured), head of iShares EMEA investment strategy & insight, gives four investment themes set to dominate a more uncertain Q2.
“Recent moves by the Bank of Japan have confirmed that central banks remain the fundamental drivers of today’s markets. This quarter, questions continue over the Fed’s ‘to exit or not to exit’ QE strategy, whilst the ECB’s OMT programme is still the psychological backstop for Europe. The divergence between the US
Fund administration company Apex Fund Services has appointed David Brown as the new managing director of the firm’s Bermuda office.
Brown has worked in the fund administration industry in Bermuda for the last 10 years.
The recent change in government together with the launch of Apex’s Emerging Manager Incubation Services, which includes free office space for emerging managers, have led to Bermuda returning to being a favourable jurisdiction for fund managers to be based.
One of Brown’s roles will be to target European and US fund managers for both their fund domicile and for the location of
Omgeo is supporting the global Legal Entity Identifier (LEI) initiative by adding additional entity- and fund-level fields and data into Omgeo ALERT, the company’s web-based global database for standing settlement instructions (SSI).
These enhancements are bolstered by Omgeo’s partnership with Avox, a subsidiary of the Depository Trust & Clearing Corporation (DTCC) that provides the automated feed that populates legal entity data in ALERT.
With this partnership, entity-level CFTC Interim Compliant Identifiers (CICIs) — which conform to the LEI standard and will transition to LEIs once the global LEI system is established — are automatically populated within confirmed investment
Israel A Englander and Co’s Managed Accounts & Prime Services (MA&PS) division has expanded its footprint to Palm Beach County, Florida.
Brett Langbert, managing director, head of sales, is in charge of MA&PS’ newly opened Palm Beach office, where he will be dividing his time between this office and MA&PS’ New York office. MA&PS also has an office in Santa Monica, California.
MA&PS’ clients include emerging hedge funds, fund of funds, family offices, pension funds, endowments, and managed account platform providers.
MA&PS chose the Palm Beach County location because it is increasingly becoming a haven for hedge
SEI has been selected by Duet Alternative Investments (USA) Ltd, a subsidiary of Duet Group, to provide operational outsourcing services for the firm’s emerging macro hedge funds.
SEI will provide Duet (USA) with a suite of operational outsourcing services in a straight-through-processing environment.
Duet (USA) will use SEI’s online Manager Dashboard reporting platform to help better manage the firm’s funds through flexible, transparent, and aggregated views of its data. The firm will also use SEI’s Investor Dashboard, an investor-focused reporting platform that facilitates greater communication and transparency with end investors.
“We wanted to work with a world-class outsourcer and we immediately thought of SEI,” says David Dali, chief investment
Morgan Stanley Alternative Investment Partners (AIP) has launched the AIP Dynamic Alternative Strategies Fund, its first-ever mutual fund.
The new mutual fund provides investors with daily liquidity and a one-step means of accessing a broad range of alternative strategies that may complement traditional equity and fixed income investments.
“AIP has been successfully managing portfolios of non-traditional strategies on behalf of clients for years, and the new AIP Dynamic Alternative Strategies Fund will enable a broader group of investors to pursue the diversification benefits of alternatives,” says Ryan Meredith, co-portfolio manager.
The fund uses AIP’s proprietary hedge fund replication strategy that seeks to generate returns based on
Northern Trust Hedge Fund Services has launched an online regulatory module to streamline the preparation and submission of Form PF filings.
The new tool will support clients in meeting Form PF and other emerging regulatory requirements through a combination of technology, consultative support, and data aggregation and reporting services.
The new module provides an interactive, online workflow tool for compiling, reviewing, and finalising Form PF filings, which are intended to disclose data on holdings and risk exposures within private funds as required by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
Fully integrated
FX trading solutions provider Integral Development Corp has appointed David Faulkner as global segment head, banks, while Thomas F Koslowske has joined the firm as director, hedge fund sales.
Faulkner will be focused on further innovating Integral’s products and services for that particular segment of the market and orchestrate the work of a variety of internal stakeholders to deliver additional synergies to customers. Faulkner joins from EBS where he spent the last nine years in various executive roles. He will be based in Integral’s London office.
“As we are experiencing ongoing rapid growth, we have a need for
Euroclear and The Depository Trust & Clearing Corporation (DTCC) have signed a memorandum of understanding to create a joint collateral processing service which will significantly increase efficiency, reduce risk and support the growing collateral needs of industry participants.
Initially, the joint services will offer automatic transfer and segregation of collateral based on agreed margin calls relating to over-the-counter derivatives and other collateralised contracts. This will significantly reduce settlement risk, increase transparency around collateral processing on a global basis and will provide maximum asset protection for all participants. DTCC and Euroclear will also establish mutual links, permitting firms to manage
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