Sumitomo Mitsui Trust Bank (SMTB) has completed the acquisition of the global asset services division from Daiwa Securities Group. The global asset services division comprises Daiwa’s fund administration/Ucits management company, custodian, trustee and authorized corporate director entities domiciled in Ireland,
GSR, a specialist in market making and algorithmic crypto assets trading, has launched a new structured product called the Bitcoin Halo Option aimed at allowing investors to manage and limit some of the risk of their cryptocurrency trades. The GSR
Chi-X Australia, a wholly owned subsidiary of alternative trading venue operator Chi-X Global, has announced that Peter Fowler will step down as chief executive in early 2013. He will, however, continue in his role as a director on the board
CVC Capital Partners and Resource America Inc have signed an agreement to combine CVC Cordatus Group and Apidos Capital Management to form CVC Credit Partners. Led by Marc Boughton, Managing Partner, CVC Credit Partners will comprise USD7.5bn of credit assets
The Securities and Exchange Commission has filed a civil injunctive action against Patrick G Rooney, a resident of Oakbrook, Illinois, and his company, Solaris Management, LLC, the investment adviser to the Solaris Opportunity Fund, LP, for the fraudulent misuse of
It looks like European regulators are continuing to seek to limit the instruments that UCITS funds may invest in, with unregulated hedge funds the next out-of-bounds category. A legal update released by Dechert LP this week refers to a formal opinion
EMCO Capital Advisers is launching a Cayman registered alternative investment fund focused on investment in late night licensed venues in the UK. The fund is aiming for exceptional returns to investors over a rolling two-year cycle. EMCO Alternative Property Fund
Hedge funds proved unable to turn February’s net inflows into a two-month trend, as March saw USD11.0 billion in hedge fund redemptions worldwide, a dramatic shift from February’s USD12.1 billion in inflows. Hedge funds’ March outflows represented 0.4 per cent
The US Commodity Futures Trading Commission has charged Michael Anthony Jenkins of Raleigh, North Carolina, and his company, Harbor Light Asset Management (HLAM), with operating a Ponzi scheme for the purpose of trading E-mini S&P 500 futures contracts. From at
Gemini Fund Services has announced the expansion and growth of the Northern Lights Variable Trust (NLVT). This expansion reflects Gemini’s ongoing focus to assist advisors in successfully launching alternative investment funds to meet increasing demand among high net worth clients.
