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Israel A Englander has expanded its prime services division and will now offer the first and only technology platform offering solutions to both emerging hedge fund managers and investors.
The division has been rebranded as Managed Accounts and Prime Services (MA&PS).
Created to serve the needs of the sub-USD250m AUM hedge fund community and investors, MA&PS provides traditional prime brokerage services that are enhanced with customised investment solutions targeting entities that manage or invest capital via a separately managed account (SMA) structure.
The MA&PS platform delivers tools that allow emerging hedge fund managers to easily operate a
Napier Park Global Capital has chosen Options’ PIPE Core and Momentum services as its fund’s technology infrastructure.
Napier Park is an independent asset management firm with approximately USD6.8bn under management and more than 110 employees in offices in New York and London. The firm manages a diversified product mix, including hedge funds, bespoke client solutions, CLOs and private investing for institutional investors globally.
Napier Park will use Options’ PIPE Core and Momentum services, key components of the Options’ Private Financial Cloud platform. PIPE Core is a complete business technology infrastructure service providing a robust and resilient technology
The Cayman Islands Stock Exchange (CSX) has migrated its electronic securities trading to Deutsche Börse’s Xetra trading system.
Xetra trading participants can now use Deutsche Börse’s infrastructure to easily access a non-European financial market.
It also gives six new market participants from the Cayman Islands access to an extensive pan-European network of traders.
Alexander Höptner, executive vice president of Deutsche Börse and responsible for market data and services IT, says: “The Cayman Islands Stock Exchange now has one of the fastest and most reliable cash market trading systems. It connects participants in Cayman Islands to one of
In its meeting on 21 March 2013, the supervisory board of Eurex Clearing decided on the new composition of its executive board.
Thomas Book, who has been a member since March 2007, was appointed as chief executive officer of Eurex Clearing.
Newly appointed to the executive board were Heike Eckert (44) as chief operating officer, Thomas Laux (39) as chief risk officer and Eric Müller (39) for treasury. Andreas Preuss and Jürg Spillmann will continue as executive board members of Eurex Clearing.
Given Eurex Clearing’s status as a bank-licensed entity and as a reflection of the continued
Gottex Fund Management returned to operational cash flow profitability in the second half of 2012, according to the company’s annual results for the year ended 31 December 2012.
Financial performance was in-line with expectations with gross revenues of USD47.9m (2011: USD58.6m) and substantially reduced overall operational cost (excluding Penjing acquisition-related charges) of USD43.7m (2011: USD48.2m). This resulted in an operating loss of USD4.1m (2011: USD0.7m profit); a diluted EPS loss of USD0.28 (2011: USD0.09) was generated due to the impact of certain impairment charges.
Gottex’s flagship market neutral plus product, which has outperformed its index by 14.5 per
CYMBA Technologies Limited, a leading supplier of business software solutions for the Asset Management, Multi Manager and Hedge Fund communities, today announced it has lifted out its Pre and Post Trade Compliance Engine into a functionally richer stand-alone product. CYMBA Centurion brings to the market a state of the art Compliance solution providing comprehensive support for different Rule Types, Asset Classes and a customisable Incident Breach Management Workflow via fully configurable screens.
CYMBA Centurion is utilised as a stand-alone Compliance system by a number of CYMBA’s clients. Previously integrated as a module within the CYMBA Athena IMS platform, it is
To facilitate the marketing of Cayman hedge funds in the European Union, the Cayman Islands Government has passed an amendment that allows the jurisdiction’s regulator to enter into memoranda of understanding with its EU counterparts, using a model MoU developed by the European Securities Markets Authority (ESMA).
The Monetary Authority (Amendment) Law, 2013, is in response to the EU’s Alternative Investment Fund Managers Directive (AIFMD). The directive requires certain conditions to be met before non-EU countries can market alternative investment funds – such as hedge funds – in the EU.
Government passed the amendment on Friday, 15 March. AIFMD is
BNP Paribas Securities Services has reinforced its global offering ahead of the Alternative Investment Fund Managers Directive (AIFMD), which is set to significantly transform the fund management industry.
The bank has just opened a new branch in the Netherlands, which comes shortly after the launch of its trustee and depository service in the UK.
James McAleenan, head of the UK from BNP Paribas Securities Services, says: “The final countdown to AIFMD coming into effect has started, but however well prepared fund managers believe they are for this implementation, it is still a far cry from reality. With four
Man Group has extended its funding of the Oxford-Man Institute of Quantitative Finance (OMI) to 2018.
This five-year funding extension underscores Man’s commitment to building a world-leading quantitative investment business following the recent combination of AHL, Man’s quantitative investment manager, and Man Systematic Strategies, its quantitative division.
For the OMI, the extended collaboration provides certainty to help achieve its aim to be the world’s foremost centre for quantitative finance research, gathering the best in academia and industry to solve problems that have a real impact on the sector and society.
Founded in 2007 with funding from Man,
The Securities and Exchange Commission has charged a Houston-based hedge fund manager and his firm with defrauding investors in two hedge funds and steering bloated fees to a brokerage firm chief executive officer.
An investigation by the SEC’s enforcement division found that George R. Jarkesy Jr. worked closely with Thomas Belesis to launch two hedge funds that raised USD30m from investors.
Jarkesy and his firm John Thomas Capital Management (since renamed Patriot28 LLC) inflated valuations of the funds’ assets, causing the value of investors’ shares to be overstated and his management and incentive fees to be increased. Jarkesy,
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