Latest News
SuperDerivatives, a derivatives benchmark and multi asset front office system, has entered into a memorandum of understanding with Algorithmics, a provider of risk solutions, to offer banks, funds and asset managers a solution to improve their risk management capabilities.
The collaboration, which is subject to final contract, includes two elements: integrated data for managing OTC derivatives using SD’s volatility surfaces; and Algorithmics’ risk analytics for all asset classes and instruments.
Algorithmics’ clients can benefit by integrating SD’s data into Algorithmics’ full valuation framework and thereby isolating volatility as a risk factor more effectively. In turn, SD’s clients can benefit
The US Commodity Futures Trading Commission has filed an enforcement action charging Perry Jay Griggs, a convicted felon and current fugitive, and his wife, Rachelle Griggs, most recently from Las Vegas, and their company, Aloha Trading, with operating a multi-million dollar commodity futures Ponzi scheme from at least 2005 through 2009.
The CFTC’s lawsuit, filed on 28 October 2010, in the US District Court for the District of Hawaii, charges the defendants with initiating the fraudulent commodity pool scheme in or about 2005.
At the time, Perry Griggs was serving a federal prison sentence for wire fraud and money laundering
Conor Houlihan (pictured), a partner with law firm Dillon Eustace in Dublin, says Ireland’s National Asset Management Agency scheme to acquire distressed assets from five Irish banks highlights not only opportunities for international investors in the country’s domestic market but the longstanding use of Irish vehicles to structure distressed acquisitions around the world since the 1990s.
Ireland’s well-documented property-fuelled boom has come to a crashing halt, leaving billions of euros of distressed assets on the loan books of the major Irish banks. As a result, Ireland is becoming a focal point for buyout and distressed investment activity with individual assets
Swiss banking group, SYZ & CO launched a new UCITS III fund this week that looks to lock-in returns by investing in high-yield currencies.
Frankfurt-based Commerzbank has announced that its investment banking services division, Corporates and Markets (C&
BlueCrest Capital Management, a Guernsey-based alternative asset management company established in 2000 by ex-J.P.
Following last month’s decision to shutter its UK Crescendo Fund in favour of an onshore UCITS-III variation, London-based Threadneedle Asset Management<
Global research and advisory firm, Celent, have published a report this week on the potential impact of UCITS IV, believi
Sentry Select Capital has proposed to merge several of its funds.
Sentry will be terminating the Sentry Select Commodities Income Trust and Oil Sands and Energy Mega-Projects Trust. They will be merged into the Sentry Energy Growth and Income Fund.
It will also terminate the Premier Value Income Trust and merge it into the Sentry Canadian Income Fund.
Special meetings of unitholders are expected to be held concurrently on or about 10 January 2011 to seek unitholder approval for the mergers.
The proposed mergers will be reviewed by the independent review committee of each of the terminating funds and
Dighton Capital Management, a managed futures fund manager, has moved all its assets under management into cash because of the uncertainty in the markets.
The company has three funds with annualised returns of 45.2 per cent, 17.6 per cent and 24.7 per cent, and a combined AUM of USD230m.
Alex Moiseev, principal and chief investment officer, Dighton Capital Management, says: “There is so much uncertainty in the markets at the moment that the risk/reward trade-off is unattractive. We therefore feel that until we have a clearer picture on what is likely to happen in the FX markets for example,
