Latest News
Olivetree Securities, the UK based equities broker, has appointed Steve Wood as a non-executive director to its board.
Wood (pictured) will advise on the development of the company’s strategic direction, goals and objectives, as well as in scrutinising and challenging the company’s management, systems and controls, and risk management processes.
He will represent the company within both the buy and sell side communities.
Until very recently, Wood was global head of trading at Schroders Investment Management, which he joined in 2002 from JP Morgan. In addition to his responsibilities at Schroders he was chairman of the Investment Managers Association Trading
The Australian Securities and Investments Commission has cancelled the Australian Financial Services Licence held by City Pacific.
ASIC’s decision to cancel the licence was taken after discussions with the liquidators of City Pacific to ensure the timing of the cancellation would not adversely impact investors in the remaining managed investment scheme operated by City Pacific.
On 25 June 2009, investors in the former City Pacific First Mortgage Fund (now known as the Pacific First Mortgage Fund) voted to remove City Pacific as responsible entity of the fund, and replace it with Trilogy Funds Management.
On 28 August 2009, the Federal
The Bahamas has signed its 11th tax information exchange agreement and has initialled nine additional agreements in advance of the G20 31 March deadline to meet the internationally agreed tax standard.
TIEA negotiations between The Bahamas and Mexico were concluded with the signing of the agreement on 23 February.
The Bahamas expects its 12th TIEA in the coming weeks.
TIEA negotiations have been successfully concluded with Germany, Canada, Spain, Australia, South Africa, South Korea and the seven Nordic countries: Norway, Sweden, Finland, Denmark, Iceland, Greenland and Faroe Islands.
Signature on agreements with these countries will follow the completion of the
Eurex, the international derivatives exchange, has received regulatory exemption from the Autorité des marchés financiers in Québec to offer its full suite of products in the province of Québec, Canada.
Eurex is the first-ever foreign derivatives exchange to receive such an exemption by AMF.
“For the first time, Eurex’s entire product range will be available in a key North American market. This is an exciting opportunity to admit customers as new members in Quebec and introduce to them our diverse, highly liquid futures and options products,” says Michael Peters (pictured), member of the Eurex executive board.
Customers from Québec now
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas, is launching a service designed to help traders and other market users access, interpret and navigate the post trade data published by European dark trading venues.
Delivered in partnership with NYSE Technologies, SmartPool’s MatchView service will be powered by and fully integrated within the NYSE Technologies’ liquidity discovery service, ioinet, a fast provider of indications of interest and trade adverts to over 350 buy-side and 150 sell-side institutions.
SmartPool MatchView will go live in Q2 2010 with data initially provided by
Following a very strong performance in 2009, the Asian credit market continues to offer significant opportunities for investors across the spectrum.
The increasing number of Ucits hedge funds launched in Europe means that tighter regulation is needed both to protect retail investors and the Ucits brand, a paper by PricewaterhouseCoopers says.
The paper, Future Newcits regulation?, includes some of Europe’s regulators giving their opinions on this growing trend, as well as views on the current conflict between welcome innovation and the need to carefully manage retail investor protection.
“Many European hedge fund managers are increasingly seeking to launch their own Newcits,” says Olwyn Alexander, head of alternatives, PricewaterhouseCoopers (Ireland). “Such funds involve a high degree of responsibility of ensuring the product
There are still plenty of attractive opportunities in the Asian markets that warrant hedge funds’ attention, it is believed.
China has rejected claims that the renminbi is currently undervalued, hedge funds looking at the country may be interested to discover.
Campbell’s chief investment officer Kevin Heerdt is leaving the firm to pursue other interests.
Heerdt has directed Campbell’s research efforts in recent years and was supported by a team of mathematicians and scientists who will remain with the firm.
Going forward, management of the research and investment process at Campbell will be conducted by an investment committee chaired by Campbell’s vice chairman Bruce Cleland.
Other members of the investment committee will be research director Xiaohua Hu and chief operating officer Will Andrews.
Hu has worked at Campbell for 17 years, during which time he has played a key
