Latest News
Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, has launched algorithms for Mexican equities, including the proprietary Active algorithm, which has been customized for the structure and spread profile of the Mexican market.
The algorithms are available via ITG’s award-winning Execution Management System, Triton, as well as other widely used trading platforms and via FIX connection.
“Regulatory and technological changes are accelerating the move towards electronic trading in Mexico, and our tailored algorithms provide a valuable new tool for institutional asset managers seeking to access that market,” says Jeff Bacidore, Managing Director and
BNP Paribas Securities Services is extending its collateral management service to include centrally-cleared over-the-counter (OTC) derivatives introduced by new regulation, helping institutional investors reduce the associated costs and complexities.


Institutional investors have historically been used to dealing with “normal” non-centrally cleared OTCs. However, the introduction of the Dodd-Frank Act in the US and European Market Infrastructures Regulation is set to drive a significant amount of OTCs onto electronic platforms and cleared by central counterparties.


Delivered via a real-time view of both centrally and bi-laterally cleared trades, BNP Paribas’ service helps institutional investors manage both collateral and risk measurement across multiple
The Securities and Exchange Commission announced that on 14 September 2011, the Honourable Lawrence E Kahn, United States District Court Judge for the Northern District of New York, entered a default judgment against Defendants Christopher W. Bass, Swiss Capital Harbor-USA, LLC, Swiss Capital Harbor Fund A Partners, L.P., Swiss Capital Harbor Fund B Partners, L.P. and Swiss Capital Harbor Fund C Partners, L.P. (collectively, the "Defendants").
The default judgment permanently enjoins the Defendants from future violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and
Most hedge fund strategies were impacted by reverses in global stock markets in August, according to the latest performance figures for the EDHEC-Risk Alternative Indexes.
Besides Short Selling, the only profitable strategy in August was CTA Global (+0.27%), which, like the commodities market, managed its smallest change over the past fourteen months. The plummeting convertible bonds and shrinking credit spread heavily penalised the Convertible Arbitrage strategy (-2.09%), which recorded a fourth consecutive month of losses and its worst since May 2010. Despite its limited exposure to the stock market, the Equity Market Neutral strategy (-1.64%) took an unusually heavy blow.
CAIS, a New York-based financial technology company providing an independent, alternatives investment platform to the wealth management industry, has appointed Landon A Stone has joined as Chief Operating Officer and General Counsel.
Stone is responsible for legal, compliance and operational matters at CAIS, and will also serve as a Member of CAIS Capital LLC, the firm’s FINRA-registered broker-dealer. His addition will strengthen the CAIS team as the firm continues to expand. 

"We are very pleased that Landon has joined CAIS. His expertise in the alternative investment industry and knowledge of wealth management will be a valuable addition to the
“I don’t think there should be any service provider directors sitting on the board of a fund,” Charlotte Valeur (pictured) tells Hedgeweek. As the founder of Brook Street Partners and the Global Governance Group, Valeur wields considerable influence in terms of promoting better governance and best practices within the investment community. This is further strengthened by the fact that she’s the chairperson of Brevan Howard Credit Catalysts, a listed fund on the LSE that acts as a feeder to the BHCC Master Fund.
With institutional investors accounting for most new capital flowing into hedge funds today, one of their biggest
Man Group plc is strengthening its investment management presence in Asia with the appointment of David Mercurio as Head of Asia Equity and co-Head of Global Equity Strategies reporting to Pierre Lagrange. David, who has 17 years of investment experience, joins from the Government of Singapore Investment Corp (GIC), where he was a senior portfolio manager.
At the same time, Pierre Lagrange (pictured), Senior Managing Director of GLG and Executive Committee member at Man, takes on the role of Chairman of Man Asia, in addition to his responsibilities for managing GLG’s global long only and long short equity portfolios out of London. This
Guernsey has signed Tax Information Exchange Agreements (TIEAs) with the Czech Republic and the Bahamas.
Guernsey’s Chief Minister, Lyndon Trott (pictured), signed the Czech TIEA at the Republic’s Embassy in London last week. The Bahamas TIEA was signed last month, by correspondence.
The signature of these two agreements brings the total number of TIEAs signed by Guernsey to 28*.
“Guernsey is resolutely committed to meeting international standards of tax transparency, and the signature of these agreements further enables us to do so”, said the Chief Minister.
“I am particularly delighted that, with the completion of the Czech agreement, Guernsey has
Matrix Asset Management has appointed Rebecca Ledlie as Head of Product and Marketing to spearhead the division’s ambitious growth strategy.
Ledlie has an 18 year track record in the financial services industry and joins from Gartmore where she was Head of Product. During her eight years at Gartmore, Ledlie was responsible for the development and maintenance of Gartmore’s product range including hedge funds, offshore and onshore fund ranges and segregated accounts. Previous roles include Deutsche Asset Management as Product Manager and Dexia Group where she started as a Money Market Trader.
Ledlie holds both a Master of Business Administration and
Dalton Strategic Partnership (DSP) has appointed Nick Horton as a Partner to head up its institutional business. Horton joined DSP in August 2011 from Lazard Asset Management where he was Senior Vice President.
Horton’s key responsibilities will include developing and managing relationships with investment consultants and institutional clients globally. He has worked within the asset management industry for over a decade and focused his entire career on the institutional channel.
Commenting on the appointment Richard Jones, Partner at DSP, says: “Our commitment to existing and prospective clients in the institutional space is highlighted by this new appointment. Nick’s
