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The European Structured Investment Products Association (EUSIPA) has published a new version of the EUSIPA Derivative Map, the Brussels-based trade association’s key educational and transparency tool for investors and issuers of listed structured products in Europe.
The EUSIPA Derivative Map categorises products according to their pay-off characteristics, outlining what types of instruments are available in particular jurisdictions. It demonstrates the pay-off features of key product categories in graphical form by showing profit and loss movement over time versus the movement of the underlying market the derivative references. With many thousands of structured notes listed on various European exchanges, the EUSIPA
Société Générale Securities Services (SGSS) announced at this week’s Fund Forum International the launch of a turnkey solution to enable asset management companies and independent managers to create, manage and promote Ucits funds. SSGS said that the solution was aimed at global managers who don’t want to create a Ucits-registered asset management firm, instead providing them with a Luxembourg legal structure that fulfills EU regulations. The turnkey solution allows managers to create and distribute Ucits funds across all 27 members of the EU as well as offer distribution advantages in non-EU jurisdictions.
Olivier Renault, deputy chief executive and Luxembourg country
With a flood of new regulations set to emerge over the next few months, US hedge funds and service providers need to pay close attention to compliance and regulatory issues even as they battle to stay abreast of their performance forecasts.
Delivering the keynote address at the Hedgeweek USA Awards 2012 held this week in New York, Jeffrey Rosenthal (pictured), Partner and head of the financial services practice at Anchin, Block & Anchin LLP, noted that with the growing institutionalisation of the hedge funds market, managers need to build and maintain strong record keeping procedures in areas ranging from compensation
Alternative asset management firm Black Diamond Capital Management has appointed Jean Fleischhacker as Senior Managing Director, Business Development.
Fleischhacker will lead the structuring and marketing for CLOs, other structured products, and mezzanine debt. Fleischhacker will also head new product development and play an instrumental role in strategic development and growth initiatives. She will be based in Black Diamond’s Greenwich, Connecticut office, working alongside Michael Moreno, Head of Marketing and Investor Relations and a Principal of Black Diamond.
"Jean is a seasoned and well respected industry veteran with extensive investment, product management and business development experience and we are very enthusiastic about bringing
NYSE Euronext’s London derivatives market, LIFFE Administration and Management (LIFFE) has now given formal notice of termination with respect to the services currently received from LCH.Clearnet Ltd under the Clearing Relationship Agreement to support NYSE Liffe Clearing, NYX’s London-based derivatives clearing service.
Subject to regulatory approval, LIFFE intends to expand NYSE Liffe Clearing to commence functioning as a fully integrated Central Counterparty (CCP) – NYSE Clearing – from the end of June 2013, including assuming responsibility for default management arrangements, risk management, collateral and treasury activities and banking and payment systems.
In March this year, NYSE Euronext announced its
The US Commodity Futures Trading Commission (CFTC or Commission) has approved the application of ICE Trade Vault, LLC for provisional registration as a swap data repository.
The decision is pursuant to section 21 of the Commodity Exchange Act and section 49.3(b) of the Commission’s regulations, subject to the terms and conditions of the order of Provisional Registration.
ICE Trade Vault, LLC is the first entity for which the Commission has issued provisional registration as a swap data repository – a category of CFTC registered entities newly created by the Dodd-Frank Act of 2010 to perform a variety of functions related
Chicago Equity Partners has hired Brian Portnoy as Managing Director and Head of Alternatives and Strategic Initiatives.
In this newly formed role, Portnoy will report to the firm’s President, Patrick Lynch, and will help to lead the firm’s ongoing efforts in creating innovative solutions for the firm’s institutional clientele. The role will involve leveraging the firm’s internal equity and fixed income capabilities, as well as externally pursuing select partnerships. Previously, Portnoy served as Portfolio Manager and Director of Research at the Vestian Group, Associate Head of Hedge Fund Research at Mesirow Advanced Strategies, and Senior Analyst at Morningstar. He received
Due to the lacklustre performance in the equity and debt markets in recent years, investments in hedge funds and other alternative investment vehicles are becoming increasingly attractive to retirement plan trustees and investment committees.
At the same time, fund managers are eager to manage retirement fund assets since:
1) there are a vast amount of assets being held in pension plans (USD11 trillion dollars of plan money as of 30 September, 20111) and;
2) there is typically a long investment horizon for such assets.
However, the Employee Retirement Income and Security Act of 1974, as amended (ERISA), the Internal Revenue
Gravitas has launched Gravitas Private Cloud, an expandable, secure cloud solution based on leading converged infrastructure systems from VCE.
The Gravitas Private Cloud is an industry vertical cloud, designed for the unique computing and hosting needs of alternative asset managers, from startup to established funds.
Gravitas Private Cloud combines the advantages of cloud computing – flexibility, scalability and lowered upfront costs – with the turnkey infrastructure and security that regulated financial firms require supported by the managed services required to run this effectively. The Gravitas Private Cloud enables deployment of a fully-functional IT system in days, as compared to weeks for
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