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NorthPoint Solutions, a business and technology consulting firm serving the alternative investments space, has launched a multi-asset order management solution.
It is designed to enable alternative investment managers to take advantage of trading opportunities in non-traditional assets, while reducing complexity, establishing order and enabling better decisions.
The solution was developed to allow traditional and non-traditional assets to be traded together on a single platform.
By consolidating trade capture across all asset classes and integrating order management with other systems in the investment manager’s environment, much of the manual processing can be eliminated, standard workflows can be established, and real time
NYSE Liffe, the European based derivatives business of NYSE Euronext, has launched today 24 futures contracts on MSCI indices on its wholesale service Bclear.
The 24 MSCI indices are widely used by asset managers as benchmarks of market performance in Europe.
David Brierwood, chief operating officer of MSCI Barra, says: “We are delighted to license additional MSCI indices to NYSE Liffe for the creation of futures contracts on Bclear, and believe these industry group indices complement the existing 13 futures contracts linked to MSCI regional and country indices.”
Ade Cordell (pictured), director of equity derivatives and OTC services
The US Commodity Futures Trading Commission has charged Patrick Rakotonanahary and Cyber Market Group, both of Punta Gorda, Florida, with operating a multi-million dollar foreign currency Ponzi scheme in Hawaii and elsewhere in the US.
The CFTC’s lawsuit, filed on 15 March 2010 in the US District Court for the District of Hawaii, charges that, since at least June 2008, Rakotonanahary, the president and chief executive officer of Cyber Market, and Cyber Market induced customers to purportedly loan them money to trade forex on their behalf.
The CFTC complaint alleges that the defendants promised customers weekly payments of four per
Direct taxation has been ruled out for the Cayman Islands, according to the findings of an independent economic commission.
The Miller Report was commissioned by the Cayman government at the request of the British Foreign and Commonwealth Office.
In the fourth quarter of 2009, the FCO requested that the Cayman Islands government appoint an independent external commission to undertake a detailed economic assessment of the options for and the impact of changes in revenue sources, as well as changes in spending and public sector entitlements that would ensure the long term fiscal and economic health of the Cayman Islands.
The
Bull and Bear Capital has entered into an exclusive agreement to design, build and manage a brand development campaign for an emerging New York City hedge fund.
The key element of Bull and Bear’s initial branding and creative development initiative for the client is the production of a comprehensive marketing pitchbook.
The pitchbook will present the firm’s and the fund’s required and relevant data in a consistent and compliant format.
Bull and Bear founder and president Justin Perun says: “We are pleased to have been chosen among a number of other firms to develop and manage such a prominent brand
SL Investment Management, one of the largest life settlement product providers outside the US, is urging potential investors in life settlement funds to ask ten questions during their diligence processes to ensure a sound choice of investment manager.
The FSA’s comments on the secondary life market at the recent European Life Settlement Association’s conference were welcomed by SL Investment Management.
However, the regulator’s comments neglected much needed detail for potential investors, given the rising interest in the ability of such funds to provide low correlated steady returns.
Jeremy Brettell, chief executive, says: “We agree that the market needs a
Hedge funds gained 0.78 per cent in February, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
Hedge funds are up 0.42 per cent year-to-date, after gaining 23.74 per cent in 2009.
“Hedge funds bounced back in February, more than making up for their 0.34 per cent loss in January,” says Sol Waksman, founder and president of BarclayHedge. “While US and Asian equity markets gained ground in February, European-linked assets underperformed due to concerns about sovereign debt default in Greece and fears of possible contagion impacting the weaker European Union members.”
Overall, 15 of Barclay’s 18 hedge fund indices
Expansion and later-stage venture capital companies present unique valuation challenges for investors. Mark McMahon, a Director in the Portfolio Valuation group at international financial advisory investment banking firm Duff & Phelps, discusses what a robust Fair Value analysis should consider.
A Fair Value analysis of any venture-backed company, regardless of its development stage, should be a comprehensive exercise – one that considers familiar value indications such as new rounds of financing and an examination of important milestones.
However, for expansion and later-stage companies with dynamic capital structures characterized by multiple rounds of financing and uncertain yet improving operational visibility,
NuWave Investment Management, an alternative investment manager, has appointed Craig Weynand as chief operating officer, responsible for overseeing all aspects of the firm’s day-to-day business operations.
Weynand joined NuWave one year ago as managing director, following nearly 20 years in the alternative investment industry at Morgan Stanley, Campbell, and Graham Capital Management.
"Craig’s prior experiences overseeing a variety of functional areas – including trading, operations, due diligence, marketing, legal and compliance – at some of the world’s leading investment management firms will continue to enhance NuWave’s institutional infrastructure and help lead the firm into its second decade of success," says
The US Commodity Futures Trading Commission has charged Dennis Todd Hagemann and Yellowstone Partners, both of Raleigh, North Carolina, with operating a Ponzi scheme involving the fraudulent solicitation of at least USD700,000 from at least nine individuals to trade foreign currency futures managed accounts and/or a pooled investment.
The defendants also allegedly attempted to solicit funds from at least one other individual.
On 10 March 2010, Chief Judge Louise Flanagan of the US District Court for the Eastern District of North Carolina entered an emergency order freezing the defendants’ assets and prohibiting the destruction of books and records. The order
