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Eze Castle Integration is to host the 2013 Hedge Fund Cloud Summit on Tuesday 19 March from 1:30 to 5:30 pm at London’s Prince Philip House.
The event, which is being held in London for the first time, will focus on the drivers, obstacles and challenges to cloud adoption on the financial, operations, infrastructure and application levels.
This year’s conference will explore the differences and advantages of private, public and hybrid clouds; application hosting for front, middle and back office systems; and cloud security risks and best practices.
“Cloud questions are dominating IT discussions in the
ASIC has released a report and a consultation paper examining the impact of dark liquidity and high-frequency trading on Australia’s financial markets.
The documents are the result of analysis by two internal ASIC taskforces. The dark liquidity taskforce was set up in response to concerns about its impact on market efficiency and quality; the high-frequency trading taskforce addressed concerns about disorderliness and unfairness.
Report 331 Dark liquidity and high-frequency trading (REP 331) and Consultation Paper 202 Dark liquidity and high-frequency trading: Proposals (CP 202) focus on the quality of the market for capital raising and long term investment, and thus
New York-based hedge fund advisory firm Sigma Capital Management has agreed to pay nearly USD14m to settle the Securities and Exchange Commission (SEC) charges that the firm engaged in insider trading based on non-public information obtained through one of its analysts about the quarterly earnings of Dell and Nvidia Corporation.
The SEC’s case, borne out of its ongoing investigation into expert networks and the trading activities of hedge funds, began last year with charges against several hedge fund managers and analysts including Jon Horvath, a former analyst at Sigma Capital. Horvath agreed to a settlement earlier this month in which
The Dow Jones Credit Suisse Hedge Fund Index finished up 0.24 per cent for the month of February with six of the 10 sub-strategies recording positive returns.
Emerging markets (0.49 per cent) and event driven (0.46 per cent) led the way, while the worst performer for the month were equity market neutral (-1.28 per cent) and dedicated short bias (-1.65 per cent).
The following funds were dropped from the Dow Jones Credit Suisse Hedge Fund Index in February: AdvantHedge Master Fund, Copia Market Neutral, CTC Master Fund, GLC Gestalt Europe Fund, Halcyon Structured Opportunities Investors, QFS Global Macro Program, RAB
Altin has received requests from two minority shareholders to place items on the agenda of the next shareholders meeting.
The first minority shareholder, holding ca. 1.5 per cent of Altin’s shares, has requested to place the following items on the agenda:
• Partial dissolution of the legal reserve from capital contribution and withholding tax exempt repayment of legal reserve from capital contribution of CHF8.40 per registered share.
• Share capital reduction from CHF17 to CHF0.05 and repayment of reduction in nominal value. The board of directors shall be mandated to submit a respective proposal to an extraordinary general meeting within
The Cayman Islands Government is to adopt a Model 1 intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA).
Minister for Financial Services, the Honourable Rolston Anglin, made the announcement from the floor of the Legislative Assembly. He also said the decision will apply to a similar arrangement for the automatic exchange of certain information with the UK, and that he expects final negotiations on the mechanisms for exchange with the US and the UK to conclude quickly.
He acknowledged that the Model 1 IGA, which is an agreement between governments for the exchange of
The Depository Trust & Clearing Corporation (DTCC) has expressed support for legislation that would resolve issues surrounding the indemnification provisions and confidentiality requirements of the Dodd-Frank Act to ensure regulators continue to have access to a global set of over-the-counter (OTC) derivatives data for systemic risk oversight and mitigation purposes.
During a hearing of the House Committee on Agriculture, entitled “Examining Legislative Improvements to Title VII of the Dodd-Frank Act,” Larry Thompson, DTCC general counsel, told the Committee that the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013 (H.R. 742) represents the only viable solution to the unintended
These are potentially worrying times for Europe’s fund managers with the threat of a bonus cap hanging over their
InfraHedge, the State Street-owned managed account platform with over USD7.6bn of client assets, has appointed Robert Picard to the newly-created role of president, InfraHedge North America.
Picard (pictured) will lead InfraHedge’s North American business and further strengthen the firm’s global management team. He brings more than 20 years’ experience and a deep knowledge of the hedge fund industry.
He will report directly to Akshaya Bhargava, InfraHedge’s co-founder and chief executive officer.
"Robert has been closely involved with InfraHedge since 2012, initially as a senior advisor, and his input has been incredibly valuable,” says Bhargava. “In the light of our current
The US Commodity Futures Trading Commission (CFTC) has obtained federal court orders for more than USD3.5m in restitution and civil monetary penalties against Nicholas Trimble and his companies, Capstone FX Quantitative Analysis and Beekeepers Fund Capital Management.
The orders relate to the CFTC’s 7 November 2011 complaint charging Trimble and the two companies with commodity pool and managed account fraud.
On 14 March 2013, the Honorable Philip A Brimmer of the US District Court of Colorado entered a consent order for permanent injunction against Trimble requiring him to pay USD887,399 in restitution and a USD400,000 civil monetary penalty to settle
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