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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
Societe Generale Securities Services and Credit Suisse (Deutschland) have signed an agreement on a partnership under which SGSS will provide Credit Suisse Asset Management in Germany with fund administration services.
Credit Suisse Asset Management in Germany has decided to outsource its fund administration business to SGSS as a dedicated partner which will provide a broad range of administrative and technological solutions to Credit Suisse (Deutschland), including front-office services (ASP), funds administration and reporting services.
Credit Suisse says this new model allows it to implement a more flexible organisation to meet the requirements of an increasingly complex and continuously changing market
Richard Fleischman & Associates, a provider of outsourced technology and IT services to alternative asset firms, outlined the eight standards of business sustainability at a recent event for hedge fund advisers and prime brokers.
Richard Fleischman, along with Omnium, a provider of administration and middle-office services for hedge funds and financial institutions, held the event at The Yale Club in New York City.
With a recent study by the Tabb Group indicating that nearly half of hedge funds believe operational controls are a top concern of investors, Donald Previti, director of business development at Richard Fleischman, said that fundamental
Kotak Mahindra (UK), a wholly owned subsidiary of India’s Kotak Mahindra Bank, is launching a fixed maturity plan to help foreign investors access the India corporate debt market.
This follows the closure in early July of Kotak Fixed Maturity Plan-I, which raised about USD140m from investors worldwide.
Kotak says international investors are increasingly looking for ways to invest in Indian corporate debt. They are attracted by the combination of safety of capital coupled with higher returns than are available from companies in western markets.
Data released by the Securities and Exchange board of India shows that foreign institutional investors invested
