Solutions
Former Carbon360 Director of Research, Daniel Golyanov, has launched Vela Advisers, a New York-based consulting and advisory firm targeting both managers and administrators with comprehensive range of services.
Vela’s offering features a suite of services for alternative fund managers and fund services providers.
Fund Services Finder is a free service to assist in the fund administrator selection process. Taking into account the manager’s holdings, fund structure, and reporting needs, Vela Advisors will screen and negotiate with dozens of providers to find a perfect partnership.
"There was a definite need in the market for a service to help managers select
Dow Jones Indexes has launched the Dow Jones Islamic Market RBP US 50 Index, a unique gauge designed to measure the largest 50 US stocks ranked by RBP probabilities supplied by Transparent Value, LLC that have first passed the screens for Shari’ah compliance.
RBP, which stands for Required Business Performance, is calculated by Transparent Value by taking a reverse discounted cash flow approach to determine the future business performance required by a company to support its current stock price. RBP probabilities measure the likelihood that a company can deliver the required business performance identified by applying the methodology over specified
FirstPEX, Europe’s first, interactive auction platform to trade privately-owned shares and investments is being launched in the UK by Swiss-based technology firm LPO Ventures
LPO Ventures expects trading volume to quickly increase from around EUR1-2 billion over the next 12 months or so to around EUR10 billion in 2015, based on analysis of the growth of similar markets in the US.
UK SMEs, family businesses and entrepreneurs can place their companies on the site, offer holdings in their firms to investors registered on the platform who can then trade these stakes online.
Private firms in other EU countries as well
Concept Capital Markets is to acquire Alaris Trading Partners. The terms of the transaction, which is pending approval by the Financial Industry Regulatory Authority (FINRA), have not been disclosed.
The combined company will offer institutional brokerage services to hedge funds, asset managers, and registered investment advisers on a global basis. Through strategic alliances with major securities industry firms, Concept offers clients a broad selection of services that includes multi-prime brokerage, financing, institutional reporting, outsourced middle and back office services, risk management and direct access and voice brokerage. Alaris will be fully integrated with Concept by the end of the third
Hedge fund managers have turned bullish on US equities, according to BarclayHedge and TrimTabs Investment Research. Bullish sentiment on the S&P 500 among hedge fund managers soared to 43% in July, the largest share since December 2010, from 27% in June. Bearish sentiment sank to 27%, the smallest share since January 2011, from 38%.
“This reversal is striking,” says Sol Waksman, founder and President of BarclayHedge. “Hedge fund managers were meaningfully bullish on domestic stocks in only one month in the first half of the year. Our research shows that hedge fund sentiment is a decent leading indicator, so the shift could
Galaxy has received regulatory approval from the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel (ACP) to operate its Organised Multilateral Trading Facility for European bonds.
The bond trading platform accepts only firm orders and aggregates them in a global order book with prices accessible to all participants. Post-trade information and transaction records are made available publicly. Galaxy is also equipped with a latest generation compliance monitoring system, which checks trading activity in real-time to help safeguard against possible market distortions.
Clearing of securities traded on the platform is handled by LCH.Clearnet SA, with links to the
Eze Castle Integration has increased its cloud computing customer base to more than 130 financial industry firms.
In the first half of the year, Eze Castle also completed several domestic and international expansion projects, welcomed new members to its executive team, increased its application offerings, and solidified its support for Dodd-Frank regulation.
In addition, Eze Castle expanded operations on the West Coast; opened offices in Singapore, Geneva and Dallas; introduced its cloud offerings to London-based companies; earned prestigious industry awards from Hedgeweek, CRN and MSPMentor; and added numerous applications to its cloud services portfolio, including Ledgex Systems and Tradar portfolio
MF Global Holdings Ltd. (NYSE: MF), a broker-dealer providing trading and hedging solutions, has announced the pricing of an underwritten public offering of USD325 million aggregate principal amount of 3.375% Convertible Senior Notes due 1 August, 2018. MF Global also granted the underwriters a 30-day option to purchase up to an additional USD45 million aggregate principal amount of convertible notes. The offering is expected to close on 2 August, 2011, subject to customary closing conditions.
The convertible notes will be the senior, unsecured obligations of MF Global Holdings Ltd. and will bear interest at a rate of 3.375% per annum,
BNP Paribas Corporate and Investment Banking has unveiled its global Prime Brokerage platform, which utilises the bank’s footprint worldwide, financial strength and market-leading technology to provide clients with a global approach to financing, execution and servicing. This platform will enable the bank to clear and custody assets in nearly every market as well as offer margin financing in 31 markets and in 13 currencies.
This new development by the Global Equities and Commodities Derivatives team, draws on BNP Paribas’ established risk expertise and innovative culture and brings sophisticated products to a broader range of clients. BNP Paribas Prime Brokerage clients,
SunGard’s APT has been voted best risk management software at the Hedgeweek USA Awards 2011. The Hedgeweek Awards for excellence among hedge fund managers and service providers honoured the US industry’s best performers and their ability to demonstrate consistency and depth of expertise against a backdrop of a more complex, but also potentially more rewarding, investment climate.
SunGard’s APT was recognised as "Best Risk Management Software" for its robust factor-based risk methodology and its excellent client service. The award was decided by the votes of Hedgeweek’s nearly 20,000 US-based subscribers, who include institutional and high net worth investors as well
