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Macro Currency Group, the specialist currency investment boutique of Principal Global Investors with over USD4.3billion
Geneva-based Alix Capital, provider of the UCITS Alternative Index family of indices has added another suite of indices following the announcement
Ireland presents the international investment funds industry with an unparalleled set of attractions both as a domicile for UCITS and for the enterprises providing services to them, according to law firm Mason Hayes & Curran.
Over the last 20 years, Ireland has earned a reputation as a leading jurisdiction for regulated investment funds including UCITS. Currently over USD1.4 trillion in fund assets are domiciled in Ireland while the Irish fund industry services close to USD2.75 trillion in assets.
The willingness of the Irish regulatory authority, the Central Bank of Ireland, to implement timely authorisation processes and to adapt and develop
A federal grand jury sitting in Charlotte has returned an indictment against Jonathan D Davey, 47, of Newark, Ohio, Jeffrey M Toft, 49, of Oviedo, Florida, Chad A Sloat, 33, of Kansas City, Mo, and Michael J Murphy, 51, of Deep Haven, Minn, on four criminal charges relating to an investment fraud conspiracy, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina.
US Attorney Anne M Tompkins made the announcement in conjunction with Chris Briese, Special Agent in Charge of the Federal Bureau of Investigation (FBI), Charlotte Division, and Jeannine A Hammett, Special Agent in Charge
Following the publication of Part 1 of SEI’s The Shifting Hedge Fund Landscape report last month, Part II of the report, officially released 27 February, continues to reinforce the message that despite facing tough performance headwinds in 2011, institutional investors remain committed to investing in hedge funds.
To read Part II of The Shifting Hedge Fund Landscape click here
But there are certain conditions that investors now expect managers to meet.
Whilst meeting performance expectations was found to be the top challenge facing investors in Part I, Part II finds that 51 per cent of investors cite lack of transparency
The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Jeffrey J Kinseth of Cedar Rapids, Iowa, and his Iowa-based company, Virtual Vision Inc, for fraudulently soliciting individuals to participate in a pooled investment vehicle, misappropriation of investor funds, and issuance of false statements to conceal trading losses and fraud. Kinseth is not registered with the CFTC.
The CFTC’s order requires Kinseth and Virtual Vision jointly and severally to pay a USD575,000 civil monetary penalty and restitution of USD574,936. The order also permanently prohibits Kinseth and Virtual Vision from engaging in any commodity-related activity, including trading, and from registering
Morgan Stanley has been selected by BlackRock to serve as one of its primary clearing brokers for over-the-counter (OTC) derivatives transactions. Morgan Stanley acted as BlackRock’s clearing broker for its first live production transactions.
“We believe that OTC clearing can help to reduce systemic risk and serve as an important mechanism to manage and reduce counterparty exposure for our clients,” says Supurna VedBrat, Managing Director and Co-Head of Market Structure and Electronic Trading at BlackRock. “We will gradually increase volumes as we move to initiate clearing across our client base, and we have been very pleased with Morgan Stanley’s partnership
A total of USD110 trillion in notional volume in EUR, JPY, GBP and USD interest rate swaps has been terminated by 21 SwapClear members using TriOptima’s triReduce service since the first cycle in 2008.
In 2012 alone, USD20.4 trillion has been eliminated, accelerating a trend to larger and more frequent termination cycles.
Compression of cleared trades fulfils existing commitments to international banking regulators and also anticipates a final CFTC Core Principle Risk Management rule requiring a clearing organisation to offer compression to swap dealers and major swap participants.
Terminating risk-neutral trades in SwapClear contributes to reducing systemic risk and facilitates
The LME Board is making a number of amendments to its Exchange User Fee on the back of points raised by members.
The new fee will now not apply to short-dated carries (anything from Tom to 15 days inclusive), which will remain unchanged. Implementation of the Exchange User Fee has also been delayed until 2 July 2012 to allow for systems compliance.
The Exchange User Fee for client contracts will be denominated in US dollars rather than in GBP and will therefore be USD$0.79 per lot.
The impact on the Exchange of the introduction of the Exchange User Fee
Emerging Markets hedge funds led broad-based performance gains across the global hedge fund industry to start 2012, with the HFRI Emerging Markets (Total) Index gaining +4.4 per cent for the month of January, as reported by HFR.
Prior to January gains, Emerging Market hedge funds concluded a challenging year in 2011, posting an average decline of -13.8 per cent, the 3rd worst calendar year since 1990.
January gains nearly matched similar gains to start 4Q11, when the HFRI EM Index gained +4.7 per cent in October, and marked the 9th time since the conclusion of the Financial Crisis of
