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A survey conducted by Israeli fund administrator Tzur Management highlights the significant expansion in the country’s funds industry over the last five years.
A survey conducted by Israeli fund administrator Tzur Management highlights the significant expansion in the country’s funds industry over the last five years.
A survey conducted by Israeli fund administrator Tzur Management highlights the significant expansion in the country’s funds industry over the last five years.
A survey conducted by Israeli fund administrator Tzur Management highlights the significant expansion in the country’s funds industry over the last five years.
Since 2006 the number of funds in Israel
The European Securities and Markets Authority has published a review of Greek government bonds accounting practices in the IFRS financial statements for the year ended 31 December 2011.
It sets out the results of the review conducted by ESMA on accounting practices and disclosures regarding exposure to Greek government bonds.
The ESMA review considered a sample of 42 European financial institutions, each with significant exposure to Greek government bonds totalling an estimated gross exposure of around EUR80bn.
The review found a good level of consistency regarding the level of impairment losses, showing an improvement compared to June 2011
HedgeChatter.com, an online service that allows everyday investors to make investment decisions based on the latest social media data, has been launched by Atlanta-based Soktino Dynamics.
James Ross, co-founder of HedgeChatter.com, says: "Hedge funds and wealth management brokerage firms have begun implementing social media stock data into their overall trading strategies to capitalise on this lucrative insight. Their results have been staggering. Individual investors also need access to this high level information in order to compete which is exactly what HedgeChatter.com aims to provide.”
A recent poll stated one of the biggest challenges facing investors today is the ability to
New Forests has introduced new investors to make an investment in the Green Triangle Forest Trust (GTFT).
GTFT was established in March 2012 via the acquisition of the plantation assets of Auspine Ltd by New Forests Australia New Zealand Forest Fund and a co-investor.
The USD80m transaction will be used to reduce debt and redeem units owned by Gunns Ltd. Gunns will continue to retain a minority interest in the GTFT after this transaction is completed.
The 46,000 hectare radiata pine estate is located in the Green Triangle – the border region of south-eastern South Australia and western Victoria. Under
A former trader at Nomura Holdings Inc is preparing to launch a USD250million Asia-focused volatility hedge fund reported Reuters this week, in what should become one of the region’s bigger start-ups so far this year.
Jean-Noel Payer was a managing director at the Japanese bank and worked with Benjamin Fuchs, whose own hedge fund company, BFAM Partners, is up and running in Hong Kong with backing from Nomura. Payer’s new management company is to be called Voltex Asia Capital Ltd. It received regulatory approval from the SFC on Tuesday. Payer did not make any official comment but it is believed
The Commodity Futures Trading Commission has proposed new rules to require certain credit default swaps and interest rate swaps to be cleared by registered derivatives clearing organisations (DCOs).
The proposed rule is the first clearing determination by the Commission under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Under the proposed rules, market participants would be required to submit a swap that is identified in the rule for clearing by a DCO as soon as technologically practicable and no later than the end of the day of execution.
The proposed rule will be open for public comment after the
The US District Court for the Middle District of Florida has frozen the assets of defendants Philip Leon of Altamonte Springs, Florida, Paul Rangel of Apopka, Florida, John Wilkins of Chuluota, Florida, and their company, Altamont Global Partners of Longwood, Florida.
The order also prohibits the defendants from destroying or altering books and records. The judge set a hearing date for 30 July 2012.
The order arises from a CFTC federal court enforcement action filed on 16 July 2012, charging the defendants with futures, foreign currency and options fraud, and misappropriation. The CFTC complaint also charges the defendants with making
The ordinary shareholders of LME Holdings have approved all the resolutions required in connection with the proposed scheme of arrangement to implement the acquisition of LME Holdings by Hong Kong Exchanges & Clearing (HKEx).
At the LME court meeting a majority in number of ordinary shareholders who voted (either in person or by proxy), representing over 75 per cent in value of all ordinary shares held by such shareholders, voted to approve the scheme. The resolution was accordingly passed by the requisite majority.
At the LME EGM, the special resolution proposed in relation to the scheme (including the proposed amendments
Coeli Asset Management has launched its Coeli Power Surge strategy on dbSelect, Deutsche Bank’s platform for accessing liquid hedge fund strategies.
Coeli Power Surge allows investors to gain access to the Nordic power market for the first time via dbSelect, adding to the roster of strategies available on the platform.
The strategy captures price trends caused by weather patterns in the Nordic countries. The manager trades exclusively on the Nasdaq OMX Commodities exchange.
Managed investment platforms allow hedge fund managers to offer multiple customised ways of accessing investment strategies in a transparent and efficient manner, whilst reducing counterparty risk and
The US Commodity Futures Trading Commission has filed a notice of intent to revoke the registrations of Brian Kim and Liquid Capital Management (LCM).
LCM is a registered commodity pool operator and commodity trading advisor.
Kim is registered as an associated person of LCM and is the sole principal of LCM.
The notice, filed on 24 July 2012, alleges that Kim and LCM are subject to statutory disqualification from CFTC registration based on a default judgment and permanent injunction entered by the US District Court for the Southern District of New York on 15 April 2011.
That injunction prohibits the
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