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The Alternative Investment Management Association is to engage with US policymakers and supervisors over the implementation of the Dodd-Frank Act.
Aima has set out several key areas of focus ahead of September meetings with US policymakers and supervisors regarding the Act.
These include the registration of hedge fund managers and the reporting of systemically relevant data in the interests of a broader financial stability assessment; how smaller managers may be impacted by the legislation; OTC derivatives; the revised Volcker Rule; potential tax issues; and the goal of global regulatory consistency.
Todd Groome, chairman of Aima, says: “Aima, as the
Ticonderoga Securities, an institutional broker dealer, has formed an exclusive partnership with Shenyin Wanguo Securities (H.K.), one of the largest securities houses in China, to provide research and execution services to Ticonderoga’s US-based institutional clients.
The partnership will provide clients with access to Shenyin Wanguo Securities’ team of more than 160 analysts who cover approximately 350 Chinese A and B listed companies and 150 Hong Kong listed H share companies.
Shenyin Wanguo Securities’ research offering will complement Ticonderoga’s existing coverage of technology, which encompasses the technology supply chain, networking, IT hardware, China technology, and semiconductors; financial services, which includes asset
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext, has received regulatory approval from the Hong Kong Securities and Futures Commission to provide automated trading services in Hong Kong.
This gives customers in Hong Kong direct and therefore faster access to trading on the London market of NYSE Liffe via its electronic platform, Liffe Connect.
Until now, customers in Hong Kong have had to connect to NYSE Liffe via order routing or other indirect means.
This step enables customers in Hong Kong to benefit from much lower latency and to access directly NYSE Liffe’s short term interest rate, bond,
Standard & Poor’s is extending its range of risk control indices with the launch of two risk control index series.
The S&P 500 Dividend Aristocrats Daily Risk Control Index Series and the S&P Nordic LargeCap Daily Risk Control Index Series seek to provide investors greater stability and control over the risk level of the underlying index by establishing a specific volatility target.
The S&P 500 Dividend Aristocrats Daily Risk Control Index Series seeks to provide investors a way to gain exposure to large cap, blue chip companies within the S&P 500 that have followed a policy of increasing dividends every
The Dutch Ministries of Housing, Spatial Planning and the Environment and Economic Affairs intend to auction four million EU emission allowances on Climex in two consecutive auctions, which are scheduled for 14 October and 18 November 2010.
In the same time period Climex will also organise another auction for the Austrian Government on 8 November. All auctions start at 10am CET.
The Dutch and Austrian allocation auctions will be held in the same format as the auctions during Phase III of the EU emission trading scheme starting 2013: single round, sealed bid and a single clearing price.
Participation
C.M. Capital has appointed finance and investment veteran Bruce W. Madding as president and chief investment officer.
Madding has had a long career in finance, accounting, investment and asset management, including 22 years with the Henry J. Kaiser Family Foundation in Palo Alto, California, most recently as chief financial and investment officer.
"We are extremely fortunate to add Bruce as President of our executive team," says John C. Couch, chief executive of C.M. Capital. "His asset management skills and financial acumen are well-known throughout the investment community and will be invaluable to our clients, while his leadership and management expertise
SEI has expanded its middle office outsourcing services to include collateral management for over-the-counter derivatives.
It says this will provide asset manager clients with a more automated, controlled and independent method by which to manage their counterparty exposure.
As part of this solution, SEI will perform the daily collateral management functions on behalf of its clients, including managing and electronically storing legal agreements; calculating and communicating calls, recalls, and releases; issue resolution; and calculating and notifying interest on collateral.
Additionally, SEI has entered into a partnership with Lombard Risk, a provider of collateral management, to integrate its Colline system into
Man has appointed Luke Ellis as head of its multi-manager business.
Ellis has over 25 years’ investment management experience.
He has held a number of senior positions including managing director at Financial Risk Management and head of JP Morgan’s global equity derivatives and equity proprietary trading businesses.
Latterly Ellis has been non-executive chairman of GLG’s multi-manager business and manager of the GLG Multi Strategy Fund.
Ellis will be responsible for continuing to build out Man’s multi-manager range of investment solutions for private and institutional clients, and further developing Man’s position in structured products, funds of funds, managed accounts and
Hedgebay’s monthly secondary market index continued its general trend of recent months with near-par trading, deals at around 100 per cent of NAV, once again in short supply.
This trend is being driven by the scarcity of locked up funds on the secondary market since the credit crisis hit.
The unwillingness of managers to close funds to new investment means that much of the activity on the secondary market has been by investors exiting positions in suspended funds, rather than investors trying to access high performing funds.
Trading therefore continues to centre around shares in gated or suspended funds, as
Chi-X Europe, the pan-European equities exchange, has received an enquiry from a third party which may or may not lead to an offer for the whole or partial sale of the company.
The enquiry is currently being reviewed by the board of Chi-X Europe.
"Any future offer must be examined and assessed to ensure that it fully values the company and also we must take into consideration the strategic interests of shareholders/stakeholders," says John Woodman, chairman of Chi-X Europe.
"This interest in Chi-X Europe is a result of our track record in becoming a major European exchange over
