The Conifer Group, a provider of fund administration, middle office, trading and prime brokerage services to the hedge fund industry, has promoted Howard Eisen to head of business development. Eisen (pictured) joined Conifer as a managing director in January 2012 to
The Commodity Futures Trading Commission’s division of clearing and risk (DCR) has issued a time-limited, no-action letter granting relief from required clearing for certain swaps entered into by qualifying cooperatives. The no-action letter provides that DCR will not recommend an
As the Financial Services Authority’s consultation on changes to the way investment firms handle cash on behalf of clients closes, business advisory firm Deloitte has identified 16 changes that are likely to increase costs for banks and brokers, and directly
London-based hedge fund manager, Stratton Street Capital LLP, aims to raise assets from Asian investors with its highly flying renminbi bond hedge fund. As reported by Bloomberg, the USD215million Renminbi Bond Fund has returned an impressive 23 per cent this
The Financial Services Authority has granted approval for the acquisition of LME Holdings by Hong Kong Exchanges and Clearing (HKEx). The proposed takeover, which was first announced in June and approved by LME Holdings shareholders in July, will see HKEx
Virtu Financial has acquired the Designated Market Maker (DMM) business for the New York Stock Exchange (NYSE) and NYSE Amex. Terms of the deal have not been disclosed. “This acquisition is consistent with Virtu’s primary business objective of providing highly
Northern Trust has expanded its alternatives business development team across the UK, Ireland, Luxembourg and Channel Islands with the appointment of Edwin Parker. In this newly created role Parker (pictured) will focus on offering Northern Trust’s hedge fund administration services
Twin Capital Management, a New York-based event-driven hedge fund firm, has appointed Richard Fitzgerald as vice president and analyst. Fitzgerald (pictured) will seek investment opportunities in special situations and deep value. “We’re delighted to add an analyst of Richard’s calibre
AGacquisitions, a middle market investment bank and asset manager, is increasing its presence in the alternative investment business with the launch of a new hedge fund platform, Index Advantage – II (IA-II). AGacquisitions Markets, a subsidiary of AGacquisitions India and
The US Commodity Futures Trading Commission has filed a civil enforcement action charging defendant Feisal Sharif of Branford, Connecticut with operating a commodity pool Ponzi scheme that solicited approximately USD5.4m from at least 50 people to invest in a commodity
