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International law firm, Maples and Calder, has announced the appointment of eight new partners. Five of the new partners – Matthew Crawford, John Dykstra, Jarrod Farley, Michael Richardson and Joannah Bodden Small -– are based in its Cayman Islands office, while the other three – Phillip Ireland, Colm Rafferty and John Trehey – are based in Dubai, Dublin and Hong Kong, respectively.
Maples and Calder provides advice to its global clients on the laws of the Cayman Islands, Ireland and the British Virgin Islands. This latest group of partners includes lawyers with expertise covering all three of those international financial centres.
Deutsche Börse has launched the DAXglobal China Urbanization Index, comprising the 20 largest and most liquid companies from five DAXglobal China Sector Indices.
The constituents have to be listed at Hong Kong Stock Exchange (H-shares and red chips), Singapore Stock Exchange, NYSE or Nasdaq.
The index is aimed at investors who want to participate in the rapid growth of China’s cities – currently they are expanding by around 13 million inhabitants each year.
According to studies by the United Nations, China already has 100 cities with populations of over one million.
Experts predict that this trend will increase. The number
Independent market data consultancy CJC is expanding into Asia Pacific with the opening of its first office in the region, in Hong Kong’s Central business area.
CJC has experienced mounting interest for its consultancy service and a huge demand for market data hosting services from buy- and sell-side institutions throughout Asia and Australasia. The new office will allow CJC to deliver support to both new and existing clients on both a local and cross-regional basis and to provide fully coordinated coverage across all time zones to its global clients with a true ‘follow the sun’ model.
Financial institutions in
The inaugural Hedgeweek Awards 2010 held in London earlier today, Friday, 19 March, highlighted investors’ focus on factors such as ‘transparency, consistency and depth of expertise’ in choosing products.
Global Fund Media, the parent company of Hedgeweek, polled its 56,000 readers, including over 20,000 institutional investors, and asked them to choose the winners across all the hedge funds sectors, including service providers.
The Hedgeweek Awards 2010, which brought together a host of senior figures from the global hedge funds industry, were hosted by celebrity actress Cherie Lunghi (pictured with Global Fund Media Publisher, Sunil Gopalan) at Sketch, London.
In
Fund of hedge funds manager Olympia Capital Management has launched the Olympia Dynamic Fund, a diversified multi-strategy fund of hedge funds, driven by a dynamic allocation based on risk regimes.
Olympia Dynamic Fund uses a flexible core-satellite approach based on a proprietary indicator, the Olympia Risk Indicator.
Both the core and the satellite elements of the portfolio are actively managed. The core portfolio is invested in hedge fund trackers and offers tail protection through the ability to momentarily reduce hedge fund exposure. The satellite portfolio is invested in single hedge fund managed accounts with a strategy allocation driven by the
An organisation has predicted that the number of initial public offerings (IPOs) being made will spike through 2010.
The hottest debate around the Chinese economy is how long hedge funds can rely on the renminbi being tired to the US dollar, an expert has asserted.
Icap, an inter-dealer broker and supplier of post-trade services, has received final regulatory approval and will complete the acquisition of the remaining 61.78 per cent of stock in TriOptima on 24 March 2010.
The acquisition was announced on 5 February 2010. A total initial payment of approximately SEK1,074m is payable in cash, which will be financed from Icap’s existing debt facilities.
TriOptima will join a number of other companies in Icap’s newly formed post trade risk division.
“Icap has been developing a post-trade risk and information business to provide innovative services that enable our customers to reduce their costs and
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas, has reported record market share gains in the Nordic region and confirmed SEB as the latest firm to join SmartPool.
According to the Thomson Reuters Equity Market Share Service, SmartPool reported record dark market share highs in the Nordic markets during the first two weeks of March.
Key dark market share highlights include: 10.4 per cent market share in OMX Copenhagen 20 Index; 7.3 per cent market share in OMX Helsinki 25 Index; 9.3 per cent market share in the OMX
The Fédération des caisses Desjardins du Québec, the manager of the Desjardins family of mutual funds, has made changes to the investment objective of Desjardins Alternative Investments Fund, which has been re-named Desjardins Completion Investments Fund.
Due to previously announced changes to the tax treatment of income trusts which will take effect in January 2011, the fund will no longer invest in income trusts.
The fund will allocate a portion of its portfolio to two new classes of assets: (a) global infrastructure securities, which represent a potential source for stable returns and (b) global high yield bonds, which provide the
