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Eurex Clearing has launched a real-time risk data distribution service called Enhanced Risk Solution.
It is the first central counterparty worldwide to offer risk management and margining data in real-time to its trading and clearing members.
The Enhanced Risk Solution is available across all asset classes and products – including derivatives, cash equities, bonds and repo transactions – for all connected exchanges and trading venues where Eurex Clearing offers clearing services.
The new service is free of charge and will allow all members to optimise their intra-day risk monitoring, risk controlling and treasury management towards Eurex Clearing.
“Our Enhanced Risk
Broadcort, a clearing division of Bank of America Merrill Lynch, has expanded its clearing and execution business for institutional broker-dealers by attracting more than a dozen new clients in the second half of 2009, and six additional new clients already in 2010.
"With our open architecture, robust third-party connectivity, high capacity and outstanding service culture, we believe we are setting a new standard in the institutional clearing space," says Michael Bird, head of Broadcort. "We would like to thank all of our clients who entrust their business to us every day."
Broadcort operates with Bank of America Merrill Lynch’s execution
Hedge Funds posted a modest return of 0.17 per cent for January, below December’s monthly return of 0.88 per cent, according to the Credit Suisse/Tremont Broad Hedge Fund Index.
All hedge fund strategies except emerging markets, long/short equity, and managed futures posted positive performance for January.
Confirming that December closed on a strong note, the best performing hedge fund strategy was event driven: distressed securities (+2.02 per cent), while the worst performing strategy was managed futures at minus 3.81 per cent.
Monthly performance dispersion among Credit Suisse/Tremont hedge fund strategy indices in January dropped 168 basis points from December’s reading
Twin Capital Management has appointed Kevin S. Gahwyler as director of business development.
Gahwyler will lead the firm’s marketing and investor relations efforts.
“Mr. Gahwyler’s hire marks the first real institutional marketing effort of Twin in its long history,” says founder David J. Simon.
Prior to joining Twin, Gahwyler was the founder of KenCole Capital, an investment bank boutique specialising in hedge fund structures and marketing.
Prior to that Gahwyler served in several senior marketing roles, most recently at Pequot Capital Management as the product specialist and prior to that as the director of marketing at Sagamore Hill Capital Management.
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
