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Custom House, a hedge fund administrator, has launched the Chariot Dealing Platform to complement its existing Chariot Reporting Platform.
The new platform is in the form of an online dealing portal for existing shareholders in Custom House administered funds.
It is designed to increase security and operational efficiency for the funds’ existing investors and managers. It will be soft launched on 1 June.
The new platform has been developed in conjunction with Comada, a provider of web-based technology solutions to the hedge fund industry. It issues investors with automatic electronic confirmation of trades into and out of hedge funds
The US Commodity Futures Trading Commission has charged Ruben Gonzalez and Jose C. Naranjo of California and their company, New Golden Investment Group, with fraud and misappropriation in connection with a multi-million dollar Ponzi scheme.
The CFTC obtained an emergency order from Judge Percy Anderson of the US District Court for the Central District of California on 20 May 2010, the same day the complaint was filed.
The order freezes the defendants’ assets and prohibits defendants from destroying documents or denying CFTC access to their books and records.
The CFTC’s complaint alleges that since at least August 2008, Gonzalez, Naranjo
Deutsche Bank has hired Bob Keller as a managing director in global credit trading within the bank’s global markets division.
Keller will trade cash and credit default swaps and report to Masaya Okoshi, managing director and head of investment grade credit trading in the Americas.
Keller will be based in New York.
He joins from Jefferies where he spent a year as a senior vice president in investment grade cash trading. Prior to Jefferies, Keller spent nine years at Merrill Lynch, most recently as a director in investment grade trading.
“We are delighted to welcome Bob to our team, and
The Lifeline Program has launched an initiative which expands the life insurance settlement provider’s capacity to aggregate life settlement portfolios.
The newly self-funded company has begun purchasing life insurance policies on a large scale to package portfolios for sale to hedge funds, pension funds and other purchasers of long‐term, asset-backed investments.
“Institutional capital is beginning to flow back into the life settlement market,” says Wm. Scott Page, president and chief executive of the Lifeline Program.
“Favourable policy pricing and an overall thinning‐out of questionable portfolios have combined with other positive developments to draw interest from the tertiary markets. Our new
Citi’s investor services business is launching a range of services to help fund clients comply with new money market rules put forth by the Securities and Exchange Commission.
The new offerings help funds with the implementation and monitoring of liquidity, maturity and credit quality limits as well as reporting and disclosure requirements as required by the new amendments to the Rule 2a-7 regulations.
“Citi’s expanded suite of money market capabilities will enable our clients to respond swiftly and thoroughly to the required regulations without additional resources or infrastructure investments,” says Bob Wallace, North America head of Citi’s securities and fund
Transaction technology developer Comada has partnered with hedge fund administrator Custom House to launch a platform for fund managers and their investors.
The platform allows investors in hedge funds administered by Custom House to invest, track and receive investment and redemption confirmations electronically.
It achieves this via browser-based architecture that precludes the need to download software to a desktop computer, integrating with and extending in-house legacy technology.
"The hedge fund industry has needed an application like this for some time now," says Rupert Vaughan Williams, co-founder of Comada. "We are delighted to be working with Custom House who are committed
The drive to provide hedge fund managers with the latest tools to raise operational efficiency and improve performance has been lent impetus by the industry’s roller coaster ride over t
A year or two on from the onset of the financial crisis the ramifications for the hedge fund industry are still being felt.
As the hedge fund sector moves away from its cottage industry roots and closer to the levels of institutionalisation seen in other financial services activities, relationships are increasingl
The last year has seen frenetic activity among technology and solutions providers as the hedge fund industry adapts to the post-financial crisis/sovereign debt crisis environment.
