January through June 2012 has seen 79.5 billion depository receipts valued at USD1.49trn traded on the world’s markets and exchanges, the creation of 46 new sponsored programmes, and USD1.25bn raised through 11 DR initial public offerings and follow-on transactions, according
Etops, a provider of middle office outsourcing and consultancy solutions, is expanding its business activities to Geneva. Arnold de Christen will be taking over the management of the newly established branch and customer care for clients in French-speaking Europe. At
The US Commodity Futures Trading Commission has obtained a federal court order requiring defendant Michael Justin Hoopes of Rexburg, Idaho, to pay more than USD10.4m in restitution and a civil monetary penalty of over USD1.4m for operating a Ponzi scheme
SAIF Partners, one of China’s biggest domestic private equity firms with around USD4billion in assets under management, plans to launch a Greater China hedge fund reported Reuters this week. This would make it the first Chinese PE firm to move
Interview with Kirk Howell – One of the toughest challenges for hedge fund traders in today’s market environment is the high degree of correlation across asset classes. And it’s no different in commodities. Kirk Howell, chief operating officer for Kiodex
Amundi has extended its range of volatility funds with the launch of Amundi Funds Absolute Volatility Arbitrage Plus. This Ucits IV-compliant sub-fund of the Luxembourg SICAV Amundi Funds offers investors an original solution, providing diversification and decorrelation compared to other
Litigation funding firm Burford Group has hired Melissa Sobel as corporate counsel in New York. Sobel (pictured) was most recently associate general counsel at Time Inc, where over the last eight-and-a-half years she advised multiple divisions of the media giant.
Kinetix Trading Solutions, a technology solutions provider to capital markets firms, has hired Tim Mund as its global head of sales and marketing. The Princeton, New Jersey based firm is expanding with focused efforts on revenue growth and branding in
By James Williams – Looking at the smaller picture, Brent Crude had a lot of macro risk priced in coming into 2012. Expectations of Middle East unrest – in particular Iran – and a liquidity event coming out of the
SS&C Technologies has acquired Texas-based Hedgemetrix, a boutique full-service fund administrator providing accounting, tax, and consulting services to domestic and offshore hedge funds, private equity funds, funds of funds and their investment managers. Upon completion of the acquisition Hedgemetrix will
