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EFAMA this week was broadly in agreement with proposals setting out future guidelines on UCITS ETFs and other UCITS issues detailed by the European Securities and Markets Authority (ESMA) in
AllianceBerstein has rolled out a new US equity fund with the intention of capitalizing on growth opportunities in large and mid-cap stocks thrown up by slow economic growth reported Citywire Globa
US-based Monsoon Capital, which focuses on emerging markets, has selected SEI to provide full fund administration, trustee and custodial services for its newly launched UCITS fund.
It’s been a busy start to the year for ML Capital.
The Swiss Competition Commission (COMCO) has opened an investigation into twelve major banks over suspicions that they may have colluded to depress interbank interest rates used in multi-billion derivatives trades.
Beside the two major Swiss banks UBS and Credit Suisse, ten foreign banks (Bank of Tokyo-Mitsubishi UFJ, Citigroup Inc., Deutsche Bank Aktiengesellschaft, HSBC Holdings plc, JP Morgan Chase & Co, Mizuho Financial Group Inc., Rabobank Groep N.V., Royal Bank of Scotland Group plc, Société Générale S.A., Sumitomo Mitsui Banking Corporation) and other financial intermediaries are subject to this investigation led by COMCO’s Secretariat. One of the key aims of the
MarketAxess has released its first year-end review of trading activity in the US corporate bond market for 2011. The analysis was conducted by MarketAxess Research.
The analysis is based on FINRA TRACE and other publicly-disseminated data, as well as proprietary trading data from MarketAxess from January through December 2011. MarketAxess Research uses its own proprietary approach to analyze price movements and liquidity trends.
Rick McVey, Chairman and CEO of MarketAxess, says: “Following a period of generally favourable conditions in the credit markets in 2010 and early 2011, the second half of 2011 saw headwinds develop, with widening credit spreads
Dear Mark Zuckerberg,
Congratulations on your IPO filing. We understand that you are faced with a difficult decision soon on where to list your stock.
You have probably heard from your bankers that the NASDAQ exchange is for tech savvy companies like Google and Apple and the NYSE is where the blue chip companies like GE and Caterpillar choose to list. You may think that the NASDAQ market is more of an electronic exchange where dealers place competing bids and offers to help facilitate institutional client trades. You may look at financial television and see scenes from the NYSE
Punter Southall Group has taken 100 per cent ownership of fund management boutique PSigma Asset Management.
PSigma Asset Management was formed in February 2007 as a joint venture – 50% owned by the founder partners and 50% by the Punter Southall Group. Since then, assets under management have grown to around GBP750m.
Both leadership teams emphasised that it will be “business as usual” with no changes to key investment teams and managers. The PSigma funds and institutional mandates will continue to be managed in the same way.
As a result of this transaction, Bill Mott and Ian
Ader Investment Management (AIM) has launched Accelerator Fund Partners LP, a funding platform for hedge funds looking to boost assets under management and enhance their distribution into family offices and fund of funds.
AIM is seeking to act as a business accelerator for asset management firms led by experienced portfolio managers that are poised to gain scale and have a proven, definable edge. The fund will provide capital to generalist managers, sector specialists and short-biased strategies subject to meeting stringent due diligence criteria. It has an extensive proprietary risk management infrastructure focused on protecting investors’ capital throughout the entire investment
Trading volume during at the CBOE Futures Exchange (CFE) during January 2012 totalled 811,283 contracts, an increase of four per cent from the 778,157 contracts traded in January 2011. This was the busiest January in CFE history and it ranks as the tenth most-active trading month ever at the exchange.
Average daily volume (ADV) at CFE during January 2012 was 40,564 contracts, also up four percent from the 38,908 contracts traded per day a year ago. January 2012 marked the twenty-eighth consecutive month that CFE monthly volume posted a year-over-year gain.
When comparing trading activity in January to the previous month, CFE
