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Institutional Investor’s Asia Hedge Fund 25 – a ranking of the largest Asia-based hedge funds – has found that, as of 1st April 2010,
Lloyds TSB Corporate Markets has appointed Nigel Myer as director and credit desk analyst reporting to Alan Capper, head of credit strategy.
Myer has over 25 years of financial markets experience including over 13 years in banks and insurance research.
He joins from Macquarie Securities. Previously, he was head of financial institutions credit research at Dresdner Kleinwort.
Capper says: “I am delighted Nigel is joining Lloyds TSB Corporate Markets. Nigel is a very senior and widely respected analyst and he will be instrumental in the evolution of our credit desk offering.”
Bolsas y Mercados Españoles and Clearstream are calling the first European trade repository created by both partners Regis-TR.
The system will collect and administer details of all over-the-counter transactions reported by users and give market participants and regulators access to a consolidated global view of these OTC derivative positions.
Regis-TR is aimed at complying with transparency requirements of future European regulations.
The external testing phase of the trade repository is being launched on 22 July. Internal testing has gone smoothly and without any disruptions during the last month. The testing environment will be made available to all entities interested in
The Australian Securities and Investments Commission has released a report outlining its key findings from a review of selected product disclosure statements for capital protected products and other structured or derivative products marketed to retail investors.
The report is the result of a programme commenced by ASIC in January 2009 and has involved the review of 64 product disclosure statements for adequacy of disclosure.
ASIC focused on capital protected products as investors may be attracted to these investments due to a perception of capital safety without fully comprehending the inherent risks.
The report also reviews structured and derivative products marketed
Heidrick & Struggles International, an advisory firm providing executive search and leadership consulting services, has made two senior appointments in its North American buy-side sectors.
Daniel Edwards (pictured), global head of financial services who previously developed Heidrick’s hedge fund business, will be once again lead the hedge fund sector as part of his management responsibilities and Chad Astmann will lead the North American asset management sector practice.
The new leadership team is in part a response to both traditional asset management and hedge fund clients who are looking for wider talent consultation across the entire buy-side and sell-side market spectrum.
Morgan Stanley and UBS have joined the Life & Longevity Markets Association as full members.
They join original members Axa, Deutsche Bank, J.P. Morgan, Legal & General, Pension Corporation, Prudential, RBS and Swiss Re.
The LLMA was formed to promote the development of a liquid traded market in longevity and mortality-related risk, of the type that exists for insurance linked securities, and other large trend risks like interest rates and inflation.
Since launch the association has been involved in the development of consistent standards, methodologies and benchmarks to help build a liquid trading market.
It aims to launch a consultation
Hong Kong-based Asia Pacific Investment Partners, a Mongolia investment operating company, recently completed a convertible note raising approximately USD4m.
The round was led by a Singapore-based hedge fund and also included a number of other private and institutional investors.
Founded in 2001, Asia Pacific Investment Partners holds positions in Mongolia’s real estate development, cement, and mining industries.
It also has interests in transportation, luxury development, and infrastructure development, and owns Altan San Securities, one of the country’s major stock broking firms with a seat on the small but rapidly developing Mongolian Stock Exchange.
"The majority of the financing raised in
Former high profile motivational speaker Christopher Philip Koch has been sentenced in the Melbourne County Court to 13 years and two months jail on charges brought by the Australian Securities and Investments Commission.
Koch, of Point Cook, Victoria, was found guilty on 11 June 2010 on 15 counts of obtaining property by deception and seven counts of obtaining a financial advantage by deception totalling AUD1,152,000.
Koch was also charged with one count of making an offer or invitation in a prescribed interest scheme totalling AUD1,742,000.
Between 1996 and 1999, Koch promoted a fictitious, international, high-yield investment programme where investors were
Almost two years since the near collapse of the global financial markets, President Barack Obama has signed into law the most sweeping regulatory reform legislation since the great depression – the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The most significant effect on investment advisers, who have business in the US or (in certain cases) have even tangential relationships with US investors, is the requirement to register with the US Securities and Exchange Commission.
“The expanded authority of the SEC will have a far reaching effect on the alternative investment industry, both in the US and abroad. Not only
