Latest News
Tora, an Asia-based provider of trading technology and financial services, is expanding Tora Crosspoint to cover new markets including Hong Kong, Singapore and Australia, following the launch of the service for Japan.
Tora Crosspoint is an off-exchange liquidity venue comprised of Tora’s internal liquidity flow and the aggregation of liquidity from multiple venues in Asia, such as broker crossing engines and third-party pools.
It provides the trading community with a central point of access to multiple off-exchange liquidity venues without requiring any changes to their existing workflow.
Tora Crosspoint was launched for Japan in February 2010 leveraging the internal
Harcourt Investment Consulting has launched the Vonda Ucits Fund.
Vonda Ucits combines the performance of hedge fund investments with the benefits of the Ucits framework, which provides EU-regulated liquidity, transparency and diversification guidelines.
The fund aims to produce long term absolute returns, with a target return of Libor + four per cent per annum over a business cycle and a target volatility between six and eight per cent per annum.
The fund focuses on managed futures (CTAs) and global macro strategies, and aims to provide investors with a sound uncorrelated investment alternative in the Ucits hedge fund universe.
The selected
Singapore Exchange’s derivatives market will start trading the new SGX Nikkei Dividend Point Index futures from 17 June, making SGX the first Asian exchange to trade a dividend futures contract.
The SGX Nikkei Dividend Index futures will expand SGX’s existing range of Nikkei products.
The Nikkei 225 Index futures traded on SGX currently accounts for 30 per cent of global trading of the contract.
The SGX Nikkei Dividend Index futures contract is based on the Nikkei Stock Average Dividend Point Index. Nikkei calculates the index based on accumulated dividends received by investors from constituent companies of the Nikkei Stock Average
Lyster Watson, a hedge fund advisory firm, has received US patent protection on its True Alpha hedge fund rating and ranking system.
The US Patent Office awarded the firm and portfolio manager Marc Freed US Patent No. 7,707,092 on 27 April.
First created in 2003, the methodology identifies superior hedge fund managers based on a fund’s True Alpha score, which compares its returns and volatility to its peer group.
Resulting rankings allow Lyster Watson’s portfolio management team to distinguish those managers who have demonstrated skill to generate above-average returns with less volatility.
“This patent is recognition of many
BluMont Capital is making a series of changes to the BluMont Core Hedge Fund, effective 1 July 2010.
Sherpa Asset Management will be awarded the exclusive investment management responsibilities of the fund.
Sherpa, based in Vancouver and headed by David Guarasci (pictured), will employ a market neutral strategy. Guarasci has 17 years of investment management experience and spent ten years as global head of currency, spot and options trading at TD Securities, managing the bank’s proprietary capital.
Guarasci says: "Sherpa is delighted to bring its investment management expertise to both the fund and BluMont Capital. We look forward to providing
Ozannes and Mourant du Feu & Jeune, two offshore law firms, have merged to create Mourant Ozannes.
The merged firm brings together two legal practices in Guernsey and Jersey to create a firm with industry knowledge across the Channel Islands.
With over 200 fee-earners and 50 partners practising from offices in the Cayman Islands, Guernsey, Jersey and London, Mourant Ozannes is one of the world’s largest offshore law firms.
Group managing partner Jonathan Rigby (pictured) says: “We are very excited by the opportunities that the merger presents and we are looking forward to working together as one firm towards our
Structured Portfolio Management, a fixed income alternative asset management firm, has expanded its investment team with the hire of four professionals: Mehdi Malaki, Yicheng Zhong, Qian Yang, and Kyle Johnson.
Malaki will concentrate on capital structure transactions within the SPM Opportunity Fund; Zhong and Yang will join the mortgage research and risk management teams respectively; and Johnson brings his experience from S.A.C. Capital Advisors to the firm’s software team.
Malaki joins SPM as a managing director and will work alongside Vishal Bhutani (also managing director) in managing the fixed income multi-strategy Opportunity Fund. Previously, Malaki was a senior analyst
MSCI, a provider of investment decision support tools, has completed its acquisition of RiskMetrics Group.
Under the terms of the transaction, each outstanding share of RiskMetrics common stock not held by MSCI, RiskMetrics or any of their subsidiaries has been converted into the right to receive a combination of 0.1802 of a share of MSCI’s class A common stock and USD16.35 in cash, without interest.
“Today, we take another significant step forward in our ambition to become the leading provider of mission-critical investment decision support tools to investors globally,” says Henry Fernandez, chairman and chief executive of MSCI. “The addition
The Observatoire de la Communication Financière (OCF) has launched a new and enhanced edition of it’s popular “Glossary of Financial Communication Terms”, originally published in 2004 and reissued in 2006. The new edition was presented by members of the OCF at the 1 June NYSE Euronext bell ceremony.
The new edition has been updated by OCF member professionals from Bredin Prat, French investor relations association CLIFF, PricewaterhouseCoopers and French financial analysts group the SFAF, with the backing of NYSE Euronext. It is designed to assist the entire financial reporting profession in getting to grips with its wide-ranging terminologies and concepts. H
New derivatives rules in the bills now headed into the US Congressional conference committee process, will impact far beyond banks and other derivatives market players, according to a new report from Greenwich Associates.
Because of the central role that derivatives play in the U.S. banking system and in global financial markets, costs imposed by new regulations will have a far-reaching impact on banks’ ability to lend, the price and availability of credit for companies and consumers, and on companies’ ability to protect their bottom lines against volatility in commodities and financial markets.
The new report – Derivatives Reform: Reducing
