Solutions
Over 200 Canadian hedge fund and financial services professionals and supporters gathered at the Spoke Club in Toronto on 4 November for the 11th annual "Open Your Hearts to the Children Gala".
The special fundraising evening organised by Hedge Funds Care/Help for Children Canada (HFCC) raised nearly CAD200,000 for the prevention and treatment of child abuse. This brings the amount the annual event has raised to date to more than CAD1.7 million. The funds raised are allocated to local charities and organisations that focus on child abuse prevention and treatment.
"Once again the hedge fund and broader financial services industry in
A new joint programme between the Shanghai Stock Exchange (SSE) and the Hong Kong Stock Exchange (HKEx) will allow non-resident investors to invest in Chinese companies whose shares are listed on the SSE and denominated in Renminbi only, so-called "China A-shares", without having to apply for a status as a Qualified Foreign Institutional Investor (QFII) or Renminbi Qualified Foreign Institutional Investor (RQFII).
Doing so, the Shanghai-Hong Kong Stock Connect Program will enable Chinese firms to further broaden their investor base, who in return will gain another access opportunity to a desirable asset class.
Simultaneously to the launch of the
DealVector has added secondary market pricing data from Structured Credit Investor’s (SCI) PriceABS service to its BWIC Board.
BWIC Board is a marketplace where investors can view bid requests from across the market, set alerts for specific bonds or bond criteria, and respond directly to the broker of their choice.
For the next 30 days, investors registered with the marketplace will have free access to current and historical talk and cover prices from SCI PriceABS in the DealVector BWIC Board. Every time a bond comes out on BWIC, members will be shown available pricing history from SCI’s comprehensive database
The Bahamas maturity as a wealth management centre provides it with an inherent understanding that changes to its regulatory and business environment should not be knee-jerk reactions to market or political conditions but measured responses that build on the trust and confidence that the jurisdiction has earned – and values – among the broad choice of global institutions which provide asset management, private banking, trust, and related services to owners of capital from around the world.
Indicative of the measured and progressive approach is The Bahamas’ carefully designed regulatory environment for investment funds. Indeed this design has borne fruit; over
When the European Central Bank’s pan-European settlement platform TARGET2-Securities (T2S) goes live in waves from 2015 to 2017, Liquidity Alliance members will benefit from access to the resulting pan-European liquidity pool.
Streamlined settlement will integrate respective assets for smooth collateral management activities. Iberclear in Spain and Clearstream’s central securities depository (CSD) in Germany, Clearstream Banking AG, will act as the gateway into T2S for the entire Liquidity Alliance.
The Liquidity Alliance will thereby add a global dimension to what the European Central Bank had conceived as a purely European project. T2S will not only make cross-border settlement and respective
“It is critical to know that what we’re building is a two-sided network that has benefits both for investors and fund managers,” comments Sam Hocking (pictured), founder and CEO of San Francisco-based Imatchative.
The company has just completed (27 October 2014) its Series B round of funding, raising USD20 million. Lead investors include Wells Fargo & Company, David Bonderman, a founding partner of TPG Capital, and Empresarial de Capitales, S.A de CV, a group controlled by Carlos Slim.
Hocking is a prime brokerage veteran. He co-led Bank of America’s prime brokerage unit before it was acquired by BNP Paribas.
Wednesday’s outage at the Singapore Exchange (SGX), which disrupted trading activity for several hours, was caused by a malfunction in the uninterruptible power supply (UPS) systems deployed at the SGX data centre.
Power is supplied to the data centre from two separate substations. These sources are in turn connected to individual UPS systems providing four layers of redundancy.
Resulting from a momentary fluctuation in power supply from the substations, the UPS systems switched to its internal power source. However, the internal power source in both UPS systems malfunctioned.
This malfunction affected the hardware providing market participants’ connectivity to
Sky Road, a managed service provider for customisable trade processing and risk platforms, has integrated the Sky Road Motion Services Platform with Bloomberg B-PIPE, a normalised and consolidated real-time market data feed.
As a result of this integration, Sky Road’s clients can now use Bloomberg data with Sky Road's surveillance and portfolio management tools.
“Buy-side firms engaged in high-volume trading across a vast number of product types and exchanges need centralised solutions. The demand for better quality data and enterprise-wide consistency is strong,” says John Borse, founder and president of Sky Road. “Offering a new option like Bloomberg B-PIPE
BNY Mellon has been appointed trustee and portfolio administrator for Avoca CLO XII Limited, a EUR415 million collateralised loan obligation (CLO) launched by KKR.
BNY Mellon will also act as account bank, custodian, registrar and paying agent for the CLO.
Arranged by Credit Suisse, Avoca CLO XII Limited is the third European CLO 2.0 KKR has launched. BNY Mellon has been appointed as trustee and portfolio administrator on all three issues. CLO 2.0s are those issued from 2009 onwards, following the credit crisis, and have more conservative structures, such as shorter investment periods and lower leverage.
CLO issuance
ConvergEx Group, a provider of global brokerage and trading-related services, has launched a service to help hedge funds and mutual fund companies manage liquid alternatives.
Liquid alternatives are investment products that feature an alternative strategy that has been packaged into a mutual fund, ETF or other exchange-traded product.
Developed in cooperation with Portfolioshop Inc, a software development and data management firm based in New York, the service provides daily reconciliation of complex data between the three parties that are required to support liquid alternatives: the trust bank, the prime broker and the fund administrator. This reconciliation helps to ensure
