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Although last year was one to forget for Asian hedge funds, in particular long/short equity managers who ended the year down nearly 14 per cent, things have started to take on a more positive hue i
Hong Kong Exchanges & Clearing (HKEx) are to spend HKD3billion (USD388million) on technology upgrades over three years to expand its derivatives business and boost trading speeds as competition
Michael Hintze, founder and chief executive of USD11.8billion hedge fund firm CQS, believes that while Asia markets have moved on since the cri
The Annual General Meeting of the Swiss Funds Association (SFA) has elected Felix Haldner (pictured), Head Investment Structures at Partners Group AG, as an additional member on the SFA Board of Directors.
The SFA already represents the interests of asset managers regulated under the CISA. This expansion of the Board of Directors is aimed at ensuring even greater representation of the views and concerns of asset managers looking to the upcoming amendments to legislation. The SFA is thus underscoring its commitment to the asset management industry in Switzerland.
At today’s General Meeting in Bern, the members of the SFA elected
All eyes will be on former UK Chancellor of the Exchequer Norman Lamont (pictured) and Economics Editor and Broadcaster Stephanie Flanders as they debate the future of the financial markets at the Guernsey Funds Forum 2012.
The event, titled ‘Shaken not stirred’, will be held at the Grange St Paul’s Hotel in London on Wednesday 2 May. It will comprise three sessions, culminating in a keynote debate featuring Lord Lamont and Stephanie Flanders where the audience will have the opportunity to cross-examine the pair in a ‘Question Time’ format. The debate and the preceding panel sessions will all be moderated
The US District Court for the Eastern District of New York has issued an order granting a preliminary injunction and other relief against Brian Raymond Callahan of Old Westbury, New York, and Callahan’s investment advisory firms, Horizon Global Advisors Ltd., and Horizon Global Advisors, LLC.
The Security and Exchange Commission’s complaint, filed on 5 March, 2012, alleges that Callahan defrauded investors in five offshore funds and used some of their money to buy himself a multi-million dollar beach resort property on Long Island. According to the Complaint, Callahan raised more than USD74 million from at least two dozen investors since
The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registrations of Illinois resident Joseph A Dawson (Dawson) and his company, Strategic Research LLC (SR), a registered Commodity Pool Operator (CPO). Dawson is the president and sole principal of SR and has been a registered Associated Person of SR since 13 February, 2009.
According to the CFTC’s notice, Dawson is subject to disqualification from registration under the Commodity Exchange Act (CEA) based on his felony conviction for wire fraud, a federal court’s finding that he committed fraud and misappropriation, and a federal court’s entry of a permanent
Liontrust Asset Management saw net positive inflows of GBP72 million in the current quarter, according to the company’s latest trading update.
The company has also reported net positive inflows of GBP146 million in the financial year to 27 March 2012, while assets under management increased to GBP1,547 million as at 27 March 2012 from GBP1,343 million on 31 March 2011.
Liontrust earned performance fees of GBP1.4 million earned in the financial year to 27 March 2012, while five out of six of the company’s actively managed UK retail unit trusts are in the first quartile of their respective IMA sectors
French banks’ valuations are being weighed down by uncertainties over the French presidential election, says Yannick Naud (pictured), French Portfolio Manager at Glendevon King Asset Management in London…
If Hollande is elected, his proposed measures on tightening banking regulations would push up costs and reduce earnings, by as much as 12 per cent according to recent analyst estimations. On top of that, banks will face significantly higher taxes from both Hollande and Sarkozy.
French citizens working in the financial services sector in London are generally in despair at the banking policies proposed by both Hollande and Sarkozy. Many see
The Depository Trust & Clearing Corporation (DTCC) has testified before a House Agriculture Subcommittee in support of bipartisan legislation to ensure regulators around the world continue to share global swaps data to maintain the highest degree of transparency into over-the-counter (OTC) derivatives markets.
The legislation was approved by the House Financial Services Committee yesterday by voice vote.
Michael Bodson (pictured), DTCC’s Chief Operating Officer, told the House General Farm Commodities and Risk Management Subcommittee that passage of the The Swap Data Information Sharing Act (H.R. 4235) is critical to prevent fragmentation of swaps data, which could undermine the ability of
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