Latest News
Archway Technology Partners, a global software and services company, has been chosen by Saturn Capital Management to provide fund administration services via its operations outsourcing service bureau.
"Archway is excited about the local relationship with the Saturn team and the opportunity to expand its administration services," says Mike Landis, director, Archway Technology Partners.
"Archway’s operations outsourcing service is a natural extension from our software business where our clients can leverage best of breed technology and a team of fund accountants to complete accounting responsibilities and financial reporting. With Saturn’s high performing management team coupled with their selection of other reputable
The international derivatives markets of Eurex closed out 2009 with a turnover of more than 2.65 billion contracts, compared with 3.17 billion in the record year 2008.
This year’s figure splits into 1.7 billion contracts traded at Eurex and 960 million contracts traded at the International Securities Exchange.
This corresponds to a daily average trading volume of 10.5 million contracts compared with 12.5 million y-o-y.
At Eurex, equity index derivatives were the largest segment in 2009 with a total volume of 798 million contracts (2008: one billion). Derivatives on the Dow Jones Euro Stoxx 50 index were the largest single
Agecroft Partners has observed several dominant and emerging trends regarding capital flows into the hedge fund arena.
The trends were identified through conversations with more than 200 hedge fund organisations and 1,000 institutional investors during 2009.
They include continued improvement of capital flows; increased competition; increased importance of marketing; extension of the due diligence process; and segmentation of the hedge fund marketplace by investor type.
The past 16 months witnessed unprecedented changes in the hedge fund industry with assets off 40 per cent from their peak levels and industry revenues down approximately 70 per cent. The environment was worse for
Channel Island law firm Carey Olsen has named Tim Corfield as a partner.
Corfield (pictured) specialises in banking and finance litigation and corporate disputes, including corporate insolvency and restructuring.
The appointment further strengthens the firm’s litigation team in Guernsey which now features five partners who are dedicated to the practice area.
Corfield says: “I am really looking forward to working with the other partners of the firm to further develop Carey Olsen’s already dominant market position in commercial litigation.”
Corfield qualified as a solicitor in 1999 and joined the banking and finance litigation team at Wragge & Co, later qualifying
GFIA, a hedge fund consulting firm in Asia, has added a new wealth management service to its offerings.
The wealth management service is targeted at sophisticated pools of private wealth and is designed to offer a holistic, client-specific service.
GFIA will act as a fiduciary agent working on clients’ behalf, from initial structuring through cash management, portfolio investment (in both liquid and illiquid assets), deal/acquisition due diligence and philanthropy, managing external service providers on behalf of clients.
Initially the firm will act for one substantial family, which will also take an equity stake in GFIA’s holding company. GFIA will establish
The US Commodity Futures Trading Commission has obtained a preliminary injunction against Matthew B. Pizzolato, formerly of Tickfaw, Louisiana, William C. Guidry of Plano, Texas, and Capital Funding Consultants of Covington, Louisiana.
The CFTC charged the defendants in November 2009 with fraud in connection with the operation of a commodity pool.
The preliminary injunction order, entered on 10 December 2009 by US District Court Judge Mary Ann Vial Lemmon, continues the asset freeze Judge Lemmon entered against the defendants on 20 November 2009, and prohibits the defendants from further violations of federal commodity law.
The order finds that there is
The 508,989 existing shares representing the outstanding capital of Sica Invest (SICV) have been admitted to trading on NYSE Alternext.
The move comes after Sica Invest – an investment company investing mainly in small caps listed on the Free Market and NYSE Alternext in Brussels and in Paris – raised some EUR5.1million in a private placement. At the reference price of EUR9.16, the market capitalisation of the company now amounts to EUR4.66 million.
“Sica Invest has been built around a new concept and its creation is favorable for our small caps markets,” says Vincent Van Dessel (pictured), CEO of
The Commodity Futures Trading Commission (CFTC) has adopted amendments to its regulations regarding the electronic filing of financial reports and notices by futures commission merchants (FCMs) and introducing brokers (IBs) as well as certain other of its financial reporting requirements.
The amendments, among other things, will: enable internet-based filing of FCM financial reports using user authentication and password procedures in light of changes to the WinJammer™ software application;expand the types of filings that FCMs and IBs may submit electronically to include required “early warning” notices and certain other notices and filings; andprovide for less prescriptive, but more immediate, documentation to
Toby Cohen, analyst at Czarnikow Group, one of the UK’s oldest sugar traders, says the fundamental factors behind the doubling of the sugar price in 2009 (12c/lb to more than 25c/lb) will continue in 2010 as under-investment in production will continue to limit supply and put pressure on price.
In 2009, the sugar price reached a 28-year high as sugar crops were hit by poor weather conditions, which helped swing a world surplus to a deficit, taking spot futures values higher and creating a backwardation in the market. The fall in sugar production during the 2008/09 season of 20 million
The San Francisco Employees’ Retirement System (SFERS) has appointed Donald Holcher to the newly-created position of managing director of alternative investments and real estate.
In addition, SFERS has also named Rpbert Shaw as Managing Director of Equities and Fixed Income. Together, Holcher and Shaw will lead the private and public market areas of the retirement system’s Investments Division.
Holcher is a 27-year industry veteran in real estate and has successfully managed the Retirement System’s Real Estate portfolio for the last 10 years.
Shaw meanwhile, has worked in the investment arena for more than 16 years and brought extensive industry savvy
