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Liquidnet, the global institutional trading network, has welcomed the decision by the Canadian regulators, released on Friday 13 April, to ensure that the new Canadian rules on dark pools preserve appropriate protections for institutions seeking to execute large block orders.
These protections reflect the existing structure of Liquidnet’s offering to pension and other large, long-term investors. The regulations confirm the growing importance of an institutional network to execute large block trades anonymously, securely and without market impact.
"The decision to maintain protections for large block orders directly benefits retirees and millions of other Canadian investors who invest through pension funds
Trient Asset Management AS (Trient), headquartered in Oslo, Norway and Tiger Management LLC (Tiger), headquartered in New York City, have announced a strategic partnership to focus on investing in a global macro strategy.
Trient is a new investment company, whose founding partners include Knut Kjaer and Dag Lotveit. Each previously played a significant role in the formation and operation of Norges Bank Investment Management (NBIM), which was established in 1997 to manage the Norwegian Government Pension Fund and Norway’s foreign reserves. Kjaer served as NBIM’s founding Chief Executive Officer (1997-2008). With assets of approximately USD600 billion, NBIM manages one of
The Jumpstart Our Business Startups (JOBS) Act liberalises the way private placements are conducted and allows general solicitation and general advertising, according to Kinetic Partners, a global professional services firm to the asset management, investment banking and brokerage community.
Specifically, the JOBS Act amends the text of Rule 506 on private placements and forces the SEC to lift the ban on general solicitation and advertising on hedge funds. The SEC has 90 days to act on this amendment and until it does, the current rules remain in effect.
Although the SEC has been directed to lift the ban on advertising,
Paladyne Systems has teamed up with Advise Technologies LLC, a regulatory reporting solutions provider, to specifically support Form PF requirements.
Paladyne Systems has integrated the Advise Technologies solution with the Paladyne Suite of data collection and data management products to enable fund managers and service providers to streamline their Form PF processes. The combined solution is hosted in Paladyne’s SAS-70 certified data centres to provide a seamless enterprise-wide platform and comprehensive toolset for collecting, normalising and aggregating data from all internal and external sources required to complete Form PF. This integration allows for a rapid on-boarding process to support the
Hedge funds gained 0.19% in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
“The US equity market extended its unbroken rally to four months in March, while European and Asian stock markets were mostly weaker,” says Sol Waksman (pictured), founder and president of BarclayHedge.
In March, 15 of Barclay’s 18 hedge fund indices had gains. The Healthcare & Biotechnology Index gained 1.88%, Technology was up 1.84%, Equity Long Bias gained 1.35%, and Equity Market Neutral added 0.80%.
On the negative side, the Emerging Markets Index dropped 1.22% in March, Global Macro gave up 0.39%, and Equity Short
The Securities and Exchange Commission has obtained an emergency court order to halt an ongoing Ponzi scheme that targeted members of the Persian-Jewish community in Los Angeles.
The SEC alleges that for the past two years, Shervin Neman raised more than USD7.5 million from investors by claiming to be a hedge fund manager. Neman told investors that his purported hedge fund – Neman Financial LP – invested in foreclosed residential properties that would be quickly flipped for profit as well as in Facebook shares obtained in private transactions and other highly anticipated initial public offerings including Groupon, LinkedIn, and Angie’s
LCH.Clearnet Limited (LCH.Clearnet) is to accept Ginnie Mae Mortgage-Backed Securities (GNMA MBS) as part of its ongoing plans to broaden the range of acceptable initial margin collateral.
The initiative is part of LCH.Clearnet’s recently established Collateral and Liquidity Management (CaLM) service to offer efficient, centralised collateral management services to clients. Accepting high-calibre collateral such as GNMA MBS offers greater flexibility to clients whilst maintaining robust risk management standards. Approximately US$260 billion of GNMA MBS will be eligible to be pledged as initial margin.
Founded in 1968 as an entity designed to help mortgage lenders gain access to capital for mortgage loans,
Willem Sels (pictured), UK Head of Investment Strategy at HSBC Private Bank on how recent data still points to a soft landing scenario in China…
In recent months, concerns have increased that China will experience a hard landing and that tightening measures by policymakers since October 2010 have been too aggressive, especially given the global slowdown we have witnessed in recent quarters. Our view has remained that a soft landing was achievable and that the slowdown in Chinese growth was both engineered and needed. Indeed, given the current size of the Chinese economy, 10% growth is no longer needed and
The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in Idaho charging Brad Lee Demuzio of Chubbuck, Idaho and his company, Demuzio Capital Management, with operating a Ponzi scheme that solicited nearly USD1.8 million.
The money was primarily deposited into a pooled investment vehicle, in connection with off-exchange foreign currency (forex) transactions. The defendants’ fraudulent scheme is alleged to have caused approximately USD900,000 in losses to investors, of which approximately USD700,000 was misappropriated by the defendants. Neither Demuzio nor Demuzio Capital Management has ever been registered with the CFTC.
From at least June 2008 to November 2011,
Investment management company Kestrel Investment Partners (Kestrel) has launched a new global multi-asset fund, the Kestrel Global Portfolio. The fund launches with GBP25 million assets under management and a Silver grading from S&P.
The Kestrel Global Portfolio will be managed by John Ricciardi, assisted by Max Royde.
The well established Dynamic Asset Allocation investment process in the Kestrel Global Portfolio was first created by Ricciardi over twenty years ago. It allows Ricciardi and the fund management team to make allocation decisions based on relative levels of risk across asset classes on a global basis. The aim of the process is
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