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Interdealer broker ICAP has launched iLinked, the first fully tradeable Delta One equity derivatives platform.
The platform will operate as a hybrid offering traders the ability to transact electronically or by voice. iLinked will initially offer a range of equity-based Exchange for Physicals (EFPs) which will allow traders to access a transparent pool of liquidity across 120 instruments. Other Delta One and equity derivative products will be added in the coming months.
iLinked will be managed by LINK, ICAP’s market-leading equity derivatives broker, and will operate as part of ICAP Securities Multilateral Trading Facility.
Garry Stewart, ICAP’s Managing
GlobeOp offers several pragmatic insights gained during private fund (Form PF) test filings on behalf of clients. The first SEC filing deadlines for hedge funds become effective in less than 100 days.
“Four broadly applicable lessons emerged as we coordinated practice filings with clients wanting to be well-prepared and confident when their reporting becomes mandatory at the end of June,” says Vernon Barback, GlobeOp president and chief operating officer. “Our dedicated Form PF team led by Tony Glickman, global head of Client Solutions, has produced test reports across a range of fund strategies and managed accounts. It’s been an instructive
Alternative investment firm Coast Asset Management is selling its fund of hedge funds business and focusing its efforts on funds that employ its fixed income arbitrage investment strategy.
Coast anticipates that the sale to another asset management firm will close within the next few weeks. The transaction terms will not be disclosed.
"We are pleased with the way our fixed income arbitrage strategy has performed during the challenging market conditions of the past several years and recent industry recognition we’ve received suggests that the industry has taken note," says Dave Smith, Coast’s founder and CEO. "Coast has always sought to
HFR has appointed Joel M Schwab as a Managing Director, a role in which he will head up new business development efforts for HFR Hedge Fund Database & Research Products.
Schwab launched and developed the commercial business of the HedgeFund.net hedge fund database for Channel Capital Group Inc. prior to its acquisition by eVestment, and most recently was Senior Vice President – Alternatives for eVestment Alliance LLC. Prior to Channel Capital, Schwab practiced law in the Corporate Department of the law firm Katten Muchin Zavis in Chicago.
“HFR’s industry-leading database is the ultimate solution for hedge fund investors, funds
Salus Alpha’s Equity Hedged strategy has been ranked as No2 in the Fund of Funds – Equity category in BarclayHedge’s Annual hedge fund rankings for 2011.
Salus Alpha’s Real Estate strategy also claimed No6 spot in the Real Estate sector.
BarclayHedge’s annual rankings cover 39 different hedge fund categories.
Monday 19 March saw New York-based GSB Podium Advisors launch a UCITS version of its global market neutral equity long/short strategy, prior to which it had been running solely in the form of three
Pictet Asset Management this week launched the Pictet-Global Flexible Allocation fund, a Lux-domiciled UCITS fund.
Swedish fund selectors look like they’ll be favouring hedge funds as part of their investment strategies but alternative UCITS funds may struggle a
Bernheim, Dreyfus & Co has appointed Bank of America Merrill Lynch (BoAML) as an additional prime broker for its Diva Synergy Fund and Diva Synergy UCITS Fund.
French hedge fund manager Bernheim, Dreyfus & Co. has appointed BofA Merrill Lynch as an additional prime broker for the Diva Synergy Fund and the Diva Synergy UCITS Fund.
The allocation of assets of the funds between BofA Merrill Lynch and, the current prime brokers and custodian of the funds, will be determined by the nature and type of transaction and at the discretion of Bernheim, Dreyfus & Co.
The functions which BofA Merrill Lynch performs under the agreement are the provision of financing and settlement services to the funds, regarding the purchase and sale of securities entered into by
