Asset Management
AIFM directive unlikely to cause significant changes in Cayman
The Cayman Islands Monetary Authority has opened negotiations with Esma on a co-operation agreement on the EU’s AIFM directive. Separately, its consultation on hedge fund directorships has closed
CTAs are an inexpensive and effective tail hedge, says AHL
Momentum strategies are rooted in observable market phenomena and tend to perform well in times of financial stress, says AHL’s chief scientist.
Saxo Bank launches FX prime brokerage for institutional clients
The Danish bank will launch FX Prime on January 23, having developed the service in collaboration with MarketFactory
Currency managers suffering badly in 2012, research finds
Low volatility and the eurozone crisis have combined to push currency management returns further into the red in 2012, according to JW Partners
Treesdale launches emerging markets global macro hedge fund
Treesdale Partners has launched an emerging markets-focused global macro hedge fund managed by Tiger alumnus Yoon Chang and ex-Barclays trader Ashley Honey
Hedge funds moving more assets into prime custody accounts with active management
A move to separate custody accounts since the financial crisis has turned into a major trend with hedge funds now placing a growing portion of their unencumbered assets with prime custodians.
Mifid amendments threaten HFT platform access
A set of parliamentary amendments to the Mifid review threaten to ban ‘sponsored access’ – a popular route for high-frequency traders to access platforms without going through a prime broker
Standard Chartered to roll out enhanced core custody platform
STANDARD CHARTERED IS upgrading its client offering by developing an enhanced core custody, settlement and safekeeping system. According to Standard Chartered, the core platform will give greater automation, customisation, direct market interfaces and…
Hedge fund redemptions rising for year end although in line with previous years
Despite the impact of turbulent markets and poor performance, hedge fund redemptions remain similar to 2010 levels. There are no signs of unusual investor activity, GlobeOp reports.
Banks continue to invest in FXPB, despite tough hiring climate
Widespread cost-saving initiatives and hiring freezes have led to a wave of high-profile redundancies in the foreign exchange market, but forex prime brokerage remains an area for investment because of the focus on clearing, say banks and recruitment…
Asia-Pacific personal wealth growth soars ahead of US and Europe – Credit Suisse
The Asia-Pacific region has accounted for 54% of all new global wealth creation since 2010 and emerging markets are set to drive global wealth creation during the next five years, according to Credit Suisse's annual Global Wealth Report
Spotlight on: Tony Dalton, Bank of America Merrill Lynch
Bank of America Merrill Lynch’s global head of foreign exchange prime brokerage talks to Joel Clark about the growth of the bank’s FXPB offering since the 2009 merger and the challenges of preparing for clearing of FX options and non-deliverable forwards
Spotlight on: Mike Harris, Campbell & Company
The director of trading at commodity trading adviser Campbell & Company talks to Miriam Siers about the current trading environment and the challenges in the market for buy-side traders
FX Week USA: Prime brokers braced for change under mandatory clearing regime
FX prime-brokerage heads at BAML and UBS confirm their intention to ease operational challenges for clients under new regulations by offering a single point of entry both for cleared and non-cleared trades
Credit Suisse launches enhanced FX prime-brokerage platform
Credit Suisse launched its enhanced foreign exchange prime-brokerage platform today (November 30), facilitating global clearing and execution solutions to hedge funds, asset managers and other financial institutions.
$300m net inflow to Asia hedge funds in Q3, says HFR
Net assets invested in Asian hedge funds rose by more than $300 million during the third quarter, according to research by Chicago-based Hedge Fund Research
EU council reaches compromise agreement on AIFM
The European Council has reached agreement on its approach to the alternative investment fund managers (AIFM) directive, paving the way for an end to negotiations and a deal on non-EU managers.
HSBC FXPB preps Asia push
HONG KONG - HSBC plans to extend FX prime services to the Asian markets as it looks to take advantage of rising demand for prime brokerage in the region.
Barclays Capital boosts prime brokerage distribution
NEW YORK & LONDON - Barclays Capital is boosting sales coverage of foreign exchange product as part of the expansion of its cross-asset prime services business.
RBS hires in prime brokerage from BarCap
STAMFORD, CT - Royal Bank of Scotland is expanding the Americas coverage of its prime-brokerage business with the hire of Matthew Shuman to its fixed-income, currencies and commodities (FICC) prime brokerage team.
Alpari US live with Morgan Stanley FXPB
Retail trading company Alpari US has dropped Newedge in favour of Morgan Stanley as its foreign exchange prime broker, as part of plans to reduce trade sizes and auto-hedge its retail flows.
SEB FXPB targets Q4 live date on EBS and Reuters
SEB will go live with three prime brokerage clients on EBS Spot and Thomson Reuters Matching for Prime Brokerage at the start of the fourth quarter.
Investors inject $360m of new capital into Asian-focused hedge funds in Q2
Hedge funds in Asia were the recipients of large net asset fund inflows during the second quarter of 2010, reversing the trend witnessed in the first quarter
BNPP eyes European FXPB business
BNP Paribas moved steadily to launch into the foreign exchange prime brokerage market with the acquisition of staff and infrastructure from defunct insurance company AIG last year. But with that business focused on the US, rivals argue the French dealer…