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BNY Mellon has launched MarginEdge, a global derivatives margin management service that allows financial institutions, clearing members and central counterparties (CCPs) to manage margin collateral efficiently while balancing trading costs and capital requirements associated with listed, cleared over-the-counter (OTC) and bilateral OTC derivatives.
Through MarginEdge, market participants use BNY Mellon’s technology and expertise to reduce risk and increase efficiency in the complex derivatives collateral management process. In particular, MarginEdge helps segregate assets, supports transformation services, optimises the use and allocation of collateral, consolidates margin management across collateral locations and providers, and simplifies connectivity among market participants for margin movements.
A federal court has entered a default judgment order requiring defendants Willie L Cloud, Jr and his company, C & R Financial, Inc, both of Houston, Texas, to pay restitution of USD280,170.66 and a USD5,070,000 million civil monetary penalty for operating an off-exchange foreign currency (forex) Ponzi scheme.
The order stems from a CFTC complaint filed on 4 March, 2010, that charged the defendants with violating the anti-fraud provisions of the Commodity Exchange Act.
The order, entered on 24 March, 2011, by Judge Gray H Miller of the US District Court for the Southern District of Texas, permanently bans the
Judge John F Grady of the US. District Court for the Northern District of Illinois has entered a final judgment against Jeffrey R. Neufeld (Neufeld) and Paridon Capital Management LLC (Paridon) of Elgin, Illinois for defrauding the TCM Global Strategy Fund (TCM Fund or the fund), a hedge fund, and its investors.
Without admitting or denying the Commission’s allegations, Neufeld and Paridon consented to the entry of the final judgment which imposed a USD75,000 civil penalty against Neufeld.
Previously, on 27 April, 2011, the Court permanently enjoined Neufeld and Paridon from violating Section 17(a) of the Securities Act of 1933,
Global financial crises and continued market volatility have transformed attitudes toward investing. As managers respond to the evolving needs of investors and their advisors, previously segregated products and segments are converging, according to a new paper from SEI.
Regulated Alternative Funds: The New Conventional, which evaluates the opportunities and challenges managers face when launching and distributing alternative investment strategies in a registered mutual fund or UCITS format, says the convergence is seen in growing capital flows into regulated alternative investment products, most often in the form of UCITS funds and US-registered mutual funds.
During the first half of 2011, more
Jay Gould, partner with law firm Pillsbury Winthrop Shaw Pittman, says the SEC’s recent decision to charge three investment advisers over compliance failures sends a ‘clear signal’ that the regulator is ‘serious about adviser compliance’…
On November 28, 2011, the SEC charged OMNI Investment Advisors, Inc of Utah, Feltl & Company Inc. of Minneapolis and Asset Advisors LLC of Troy, Michigan for failing to adopt and implement compliance procedures designed to prevent securities law violations.
The three enforcement actions discussed below should send a clear signal to investment advisers that are already registered and have implemented written compliance policies and
Professional services provider Rothstein Kass has appointed Meredith Jones as a Director. In this newly created role, Jones is responsible for generating research and content on the alternative investment industry by and on behalf of Rothstein Kass. She will provide strategic consulting services to Rothstein Kass clients and bring her business development skills to the firm.
"This is an exciting next step in my career," says Jones. "I am very much looking forward to working with such a respected and forward-thinking company where I can directly contribute to growth and success of both the firm and its clients."
Prior to
Yannick Naud (pictured), Portfolio Manager at Glendevon King Asset Management is execpting further central bank intervention…
This type of coordinated emergency intervention is reminiscent with what has been done during 2008-2009. The liquidity situation today is in fact much worse than during 2008 for a large number of institutions for example within the Eurozone area.
We should expect further intervention I think in the near future given the seriousness of current economic woes.
So far Quantitative Easing for example were unilateral moves from National Central Banks. It might not be farfetched to imagine six central banks deciding on a new
A new analysis by CFA Institute recommends that careful implementation of post-trade transparency requirements beyond equities to the bond markets can benefit investors by improving access to pricing information and increasing competition, without sacrificing liquidity.
The study by CFA Institute, the global association of investment professionals, coincides with the proposals for greater transparency under the revised Markets in Financial Instruments Directive (MiFID).
The report, An Examination of Transparency in European Bond Markets, looks at the existing state of transparency in fixed income markets and the potential for increased transparency in Europe, drawing from the experiences of Italy – Europe’s
Goldilocks, the Swiss-run hybrid gold and currency fund is opening to investors on a continual basis following strong gains through 2011 with returns of +9.66% year-to-date (and +11.01% in the past 12 months) to end-October. The fund was originally “closed ended”.
The portfolio, advised by Zug-based Insch Capital Management AG, has attracted considerable support from investors due to its very high ROCAR rate (Returns On Capital At Risk) which verges on +45% (+44.98%) over the lifetime of the fund which first launched in January 2010.
“Beyond the strong performance, the key to Goldilocks’s success is the high level of capital
Advent Software, Inc has launched Tradex 4.0, the newest version of Advent’s industry leading solution for fund order management and distribution, in EMEA markets.
Tradex is a web-based system that is easy to use, and allows firms that distribute funds to replace labor-intensive manual procedures for fund share order processing with a highly automated work flow, all the way from order entry to settlement. Tradex helps these firms increase operational efficiencies and provide superior client service for fund order management and distribution, and can be tailored for any client in any market.
“The order processing of mutual funds and other
