The Depository Trust & Clearing Corporation plans to establish a subsidiary called DTCC Derivatives Repository, which will maintain global credit default swap data identical to that maintained in its New York based Trade Information Warehouse. The move is intended to
The Credit Suisse Liquid Alternative Beta Index was down 0.24 per cent in November, according to Jordan Drachman, head of alternative beta strategies at Credit Suisse. The merger arbitrage strategy was the most significant contributor to performance, finishing up 0.85
There are signs of optimism for funds of hedge funds as both investors and managers see the model as resilient and relevant to the long-term investing landscape, despite declining assets and recent negative headlines seeming to signal their decline, according
The Securities and Exchange Commission has voted unanimously to approve new rules to significantly curtail the influence of "pay to play" practices by investment advisers. Pay to play is the practice of making campaign contributions and related payments to elected
Orangefield Group, a provider of administration, management and trust services, has acquired hedge fund administrator Columbus Avenue Consulting. The division will officially operate under the Orangefield-Columbus brand. Orangefield-Columbus has over USD25bn in assets under administration. Clients will continue to work
The British Virgin Islands Financial Services Commission (FSC), the jurisdiction’s financial regulator, has published guidelines for a new type of investment management licensing regime targeting non-institutional investment managers of small and mid-sized investment funds. The Investment Business (Approved Managers) Regulations,
Advent Software, a provider of software and services for the investment management industry, has launched the latest version of Geneva, its portfolio management and fund accounting solution. Version 8.0 introduces middle office functionality, integration to counterparties and data providers, and
KPMG, the US audit, tax and advisory firm, is adding several new hires to its alternative investment funds (AIF) practice’s national team in Los Angeles and San Francisco. The practice is also making additional moves to boost experience and expertise
Asian ex-Japan hedge funds returned an estimated 1.28 per cent in November according to Eurekahedge, to leave in a reasonably satisfying position of +7.49 per cent YTD. What a sharp contrast to the same period last year, which saw losses
Interactive Data, a provider of financial market data and analytics, says its valuations service for OTC derivatives and structured products, offered in conjunction with Prism Valuation, is now being used by more than 25 financial institutions. A wide range of
