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John M Courtright (pictured) has been promoted to president of Peregrine Asset Management, Inc, having served as managing director since 2008. In his new role, Courtright will lead Peregrine Asset Management’s Portfolio Management Committee, of which he has been a member since its inception.
Peregrine Asset Management, Inc is registered with the Commodity Futures Trading Commission as a Commodity Pool Operator and a Commodity Trading Advisor.
Mark Lishchynsky will now serve as President of Peregrine Diversified Investment Services Corp (PDIV), an SEC-Registered Investment Adviser.
Both companies are wholly-owned subsidiaries of Peregrine Financial Group, Inc. (PFGBEST).
Neil J Aslin, until
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring defendants Richmond Hamilton, Jr, and Raleigh Capital Management, Inc (RCM), a Chicago-based registered commodity pool operator, to pay jointly and severally a USD3,015,000 civil monetary penalty. The order also requires Hamilton to pay restitution of USD1,005,000.
The order prohibits Hamilton and RCM from engaging in any commodity-related activity within the jurisdiction of the CFTC, including trading and registering with the CFTC in any capacity.
The permanent injunction order, entered by the Honorable Charles R Norgle, Sr, of the US District Court for the Northern District
NewAlpha Asset Management, the Paris-based global hedge fund incubation specialist, has announced its 16th strategic investment with PAMLI Capital management (PAMLI), a New York-based hedge fund management firm focused on global credit investments with assets under management in excess of USD100 million.
PAMLI was founded by Faisal Syed, former Portfolio Manager of Highbridge Capital’s Credit Relative Value strategy and Co-Portfolio Manager of Highbridge’s Fixed Income Opportunity Fund. At Highbridge, Syed managed peak combined assets of USD1.2 billion and generated positive annual returns every year from 2006 to 2009. Prior to joining Highbridge, Syed worked in proprietary trading groups at JPMorgan
Instinet has launched a Instinet BLX Australia, a new dark liquidity pool for Australian equities, the company said on Wednesday.
BLX, which already operates in the US and Canada, aggregates multiple orders from both buy- and sell-side participants and consolidates them into block-sized trades. The BLX model was designed to increase trade size by appealing to an array of participants, including both passive block traders and those using algorithmic strategies.
"With the Australian equities market becoming more electronic and institutional trading needs becoming more complex, we believe this is an ideal time to introduce a pool like BLX that combines
Financial services attorneys Carolyn Jackson and Nathaniel Lalone have joined the Katten Muchin Roseman’s UK affiliate, Katten Muchin Rosenman UK LLP, from Allen & Overy. 


"With the adoption of the Dodd-Frank Act in the United States and similar initiatives in the United Kingdom and the European Union, the financial services market, particularly the derivatives market, is going through the most radical change in its history," says Arthur W Hahn, the Chicago-based chair of Katten’s Financial Services Practice. "Katten’s US practice has been at the forefront of advising major institutions on this evolution. To that end, we are delighted that Carolyn
With valuations for global equity markets currently not compelling and giving little room for the potential earnings disappointments that could accompany the slowing of the global economic recovery, Percival Stanion, head of Asset Allocation at Baring Asset Management, explains why, with the remainder of 2011 likely to be volatile and uncertain, a tactical and well-timed approach to asset allocation is more important than ever…
After two years of strong growth, recent data suggests that most economic indicators are now peaking out in the West from the troughs of early 2009. Europe is a case in point in this regard and
Northern Trust (Nasdaq: NTRS) ahas hired 30-year veteran Clive Bellows as Country Head, Ireland. Bellows, who will be based in Northern Trust’s Dublin office, will have responsibility for leading the company’s Irish operations. He will also play a key role in ensuring the smooth integration of Bank of Ireland Securities Services, which Northern Trust announced it intended to acquire in late February this year.
Bellows, who joins Northern Trust from JP Morgan where he was most recently Managing Director with responsibility for EMEA Asset Managers and Hedge Funds, will report to Toby Glaysher (pictured), head of Global Fund Services
Mutual fund and alternative investment service provider US Bancorp Fund Services, has appointed Chuck Gariboldi as vice president and fund accounting operations manager.
Gariboldi oversees daily operations for the fund accounting division at US Bancorp Fund Services. He also works closely with divisions throughout the company to ensure accounting operations and policies are consistently structured and resourced to meet evolving client and industry trends.
“Our goal is to find and retain the best talent in the industry. Chuck is a seasoned expert who brings an incredible amount of insight, best practices, and knowledge to our operations and clients,” says Dana
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), has added options on the shares of TNT Express and PostNL to its highly successful range of equity option classes.
The launch of these options follows the demerger of the Express Business of TNT and the renaming of the Mail Business of TNT into PostNL NV on 26 May. The options are available on the Amsterdam derivatives market of NYSE Liffe.
Alan van Griethuysen (pictured), Business Head Benelux and Asia of NYSE Liffe says: “We are glad to list options on the shares of these two leading Dutch
Singapore Exchange (SGX) will reduce the minimum bid size for securities on 4 July 2011, leading to lower trading costs for investors.
The initiative is expected to lead to a tightening of bid-ask spreads by as much as 80%. As a result, Singapore will offer one of Asia’s most cost-competitive trading environments with an estimated $1.7 billion in annual savings, based on 2010 market turnover.
Chew Sutat, Head of Securities at SGX, says: “This initiative addresses our customers’ need for more cost-efficiency and trading opportunities. Tighter spreads will encourage investors to increase their participation in SGX, the best market
