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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 London Metal Exchange (LME) saw record volumes transacted in LME Cobalt in March 2012 with 1,310 lots traded, the equivalent of USD40 million.
“Our cobalt contract has seen a very healthy start to the year,” says Chris Evans, head of business development at the LME. “The strong volumes show growing recognition from the cobalt industry of the LME contract.”
Volumes were up 86% in Q1 2012 compared with the corresponding period in 2011. Over the quarter, 111 tonnes were delivered in and 63 tonnes delivered out.
LME Cobalt now has 19 brands listed from nine countries
MarketAxess Holdings Inc has introduced REXIQ: Reducing Execution Costs, a new proprietary approach to analysing trading costs in the fixed-income markets that has been developed by MarketAxess Research.
In highly liquid markets such as equities, a number of sophisticated approaches are widely accepted to measure the main components of trading costs – known as transaction cost analysis (TCA) – and thereby help support customers’ best execution requirements. REXIQ is the first formal methodology for measuring transaction costs in the less liquid corporate bond markets.
Separately, new independent academic research from the University of California, Berkeley, shows that there are
In the wake of Walkers’ recent announcement regarding the sale of Walkers Management Services to Intertrust, Maples & Calder has made an approach to a small number of Walkers’ investment funds lawyers based in the Cayman Islands and British Virgin Islands – a move that Walkers says it was expecting.
The Alternative Investment Management Association (AIMA), the global hedge fund trade association, has expressed concern about the European Commission’s new draft text for the implementation of the Alternative Investment Fund Managers Directive (AIFMD).
The European Commission proposed the new text in response to advice received on implementation of AIFMD by the European Securities and Markets Authority (ESMA). It is seeking to implement AIFMD swiftly through the format of a “Regulation” which enters effect more quickly than a “Directive”, which is transposed into national law and offers member states more flexibility of implementation. The Commission has given EU member states and
GenSpring Family Offices breached its fiduciary duty and committed gross negligence when it failed to adequately diversify the USD57 million portfolio of an ultra high net worth individual and misrepresented that hedge funds it recommended would perform like bonds, according to an arbitration claim filed by the law firms of Vernon Healy and Dovin Malkin & Ficken.
The legal claim filed on behalf of a retired Florida entrepreneur seeks more than USD11 million, including rescission of more than USD6 million in hedge funds that are now illiquid that GenSpring represented would be "as safe as bonds with upside." GenSpring also
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), will add options on the shares of Ziggo to its highly successful range of equity option classes.
The launch of options follows the successful initial public offering of Dutch cable operator Ziggo which took place on March 21st. This IPO was the largest in Europe in almost a year. The Ziggo options will be introduced on the Amsterdam derivatives market of NYSE Liffe on 12 April 2012.
Ade Cordell (pictured), Executive Director of Equity Derivatives at NYSE Liffe, says: “We are pleased to announce the launch of Ziggo options which
Swiss banking group SYZ & Co this week announced the launch of OYSTER US Selection, a new sub-fund of its OYSTER Luxembourg UCITS SICAV.
The Irish Minister for Finance has approved, in principal, the development of legislation for a new corporate fund structure intended to meet US ‘check the box’ requirements and reduce
Although the overall number of countries with tax issues as a result of implementation of the UCITS IV Directive has decreased since 2010, there still remains a significant portion of EU Member Sta
