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CAIS, a New York-based financial technology company providing an independent, alternative investment platform to the global wealth management industry, is opening an office in Sydney, Australia to better meet client needs and address the growing demand for alternative investments throughout the Asia Pacific region.
Asia Pacific continues to rise as a leading financial centre due to both regional wealth creation and the changing industry landscape. With the mission to service all global centres of wealth management, the CAIS office will deepen its support to existing clients in the region while staying current of key wealth management trends.
"The increase in
The UK Court of Appeal has today handed down judgment in a case which considers the circumstances in which an individual who enters into a members’ agreement in a limited liability partnership may be considered to be an employee. Jonathan Exten-Wright, employment partner, DLA Piper explains…
Mr Tiffin was a fixed share partner in the law firm Lester Aldridge LLP (the LLP). Prior to the LLP becoming an limited liability partnership, Mr Tiffin had been a salaried partner and then a fixed share partner. When the LLP converted to a limited liability partnership, Mr Tiffin signed the members’ agreement and
Blackstone Accelerates Growth, a statewide initiative involving the Maine Technology Institute, the Maine Center for Entrepreneurial Development and the University of Maine, has hired John Voltz as its Executive Director.
A resident of Cape Elizabeth, Maine, Voltz joins the initiative from Jane Capital Partners, a San Francisco-based corporate advisory and merchant banking firm, where as a principal, he spent the past decade advising entrepreneurs launching and expanding their businesses and multi-national corporations seeking investment and partnership opportunities. Of special interest to Blackstone Accelerates Growth has Voltz’s success forging strategic partnerships and leveraging his network of contacts to facilitate the
Seth Merrin (pictured), CEO of Liquidnet, comments on reports the European Competition Commissioner, Joaquin Almunia, is to block the planned merger of Deutsche Boerse and NYSE Euronext…
As well as competition issues there’s a feeling from investors that the merger is an answer to a question which they aren’t asking. It looks good for the exchanges but brings nothing to institutional investors. They want greater liquidity and the ability to execute their investment decisions. For that, exchanges need to give their clients access to additional sources of liquidity. They won’t be able to achieve that by merging amongst themselves.
Unigestion has appointed Nicolas Rousselet as Managing Director, Head of Hedge Funds. He also becomes a member of Unigestion’s Executive Committee.
Based in Geneva, Rousselet will lead the development of Unigestion’s highly successful Funds of Hedge Funds business, with assets under management exceeding USD 3.7 billion managed on behalf of institutional clients. With the support of the Hedge Funds Investment Committee, Rousselet will continue to deepen Unigestion’s research to offer value added investment solutions to diversify institutional investor’s traditional asset allocation. The members of this committee have an average of 25 years industry expertise and notably includes Bernard Sabrier, Chairman
The Blue Ink Composite (BIC), which tracks the performance of around 100 Hedge Funds in South Africa, recorded an 8.65% increase in 2011, outperforming the JSE All Share Total Return Index (ALSI) by more than 6%. This outperformance was achieved with significantly less volatility levels than the local equity market.
According to Eben Karsten (pictured), portfolio manager at Blue Ink Investments, Long-Short Conservative hedge funds on average recorded a 9.16% increase over 2011, after gaining 3.47% during the fourth quarter of 2011. Long-Short Aggressive hedge funds recorded a 8.96% increase for 2011, after gaining 5.71% during the fourth quarter.
The National Futures Association (NFA) and MarketAxess Holdings Inc have entered into an agreement that paves the way for NFA to perform regulatory services for MarketAxess’ planned swap execution facility (SEF).
The Agreement establishes a preliminary framework for the exchange of information and the development of technology standards that will enable MarketAxess and NFA to develop, test and launch automated trade practice and surveillance systems and also to develop procedures and processes necessary for MarketAxess to fulfill its SEF self-regulatory obligations. Upon the issuance of the Commodity Futures Trading Commission’s (CFTC) final SEF rules, NFA and MarketAxess anticipate that they
Fund administrator GlobeOp is to be acquired by private equity firm TPG Capital in a deal worth around GBP508 million (USD800 million).
The deal follows GlobeOp’s announcement on 6 January 2012 that it was carrying out a review of its ‘strategic options’ and will see Geo 3, a newly established partnership directly owned by TPG Partners VI-AIV, acquire 100 per cent of the ‘issued and to be issued share capital of GlobeOp’.
Under the terms of the Offer, GlobeOp Shareholders will be entitled to receive 435 pence in cash for each Ordinary Share held. The Offer Price represents a premium
Florida resident Juan Carlos Horna Napolitano has been sentenced to 14 months imprisonment, followed by two years supervised release, for his role in conspiring to obstruct a Securities and Exchange Commission investigation relating to Francisco Illarramendi, a Connecticut hedge fund advisor. Horna Napolitano was also ordered to forfeit USD935,000.
Judge Underhill had previously sentenced a Venezuelan accountant, Juan Carlos Guillen Zerpa, for his role in the conspiracy to obstruct the Commission’s investigation. On 14 December, 2011, Guillen Zerpa was sentenced to 14 months imprisonment, followed by two years supervised release and ordered to pay a USD10,000 fine and to forfeit
The European Commission is prohibiting the planned merger between Deutsche Börse AG and NYSE Euronext because, based on its definition of the market for derivatives trading, it considers the merger to be inadmissible under competition law.
In a statement released today, the Executive Board of Deutsche Börse AG has expressed its disappointment with the commission’s decision:
“This is a black day for Europe and for its future competitiveness on global financial markets. The EU Commission’s decision is based on an unrealistically narrow definition of the market that does no justice to the global nature of competition in the market for
