Hedge funds
Gerko to exit GSA and set up market-making business
Head of GSA's market-making team is set to go it alone in July
FCA to probe possible conflicts in barrier options
The UK's Financial Conduct Authority will examine possible conflicts in the trading of foreign exchange options; some participants avoid these products in thinly traded markets
Global trade reporting ‘a mess', Sibos delegates told
DTCC and Commerzbank tell Sibos delegates that global derivatives trade reporting requires further regulatory intervention to be a success
Parikh hands in resignation at Goldman Sachs
The migration of senior FX traders from banks to the buy side continues, with Parikh exploring options at a hedge fund
C-View launches systematic FX program
Twenty-eight year trading veteran teams up with C-View to launch FX fund
Currency fund returns on the up after tough few years
Profits rise as the paths of major economies begin to diverge
JCI Capital bucks trend with Ucits fund launch
"We never get too excited, we never get depressed," says Giovanni Pozzi, partner and head of FX at JCI Capital, despite continued negative returns measured by the Parker FX Index in June
Beach Horizon loses general operating manager
The hedge fund has seen a senior manager leave in London, as well as its US feeder fund close down after more than four years
Top FX traders flee banks to join buy side
After some of the biggest names in FX from major global banks departed to the buy side in the past 12 months, FX Week takes stock to look at some of the motivations for making the switch
Banks reconsider prime brokerage models
Small and medium-sized clients find it harder to access interbank markets
Savage launches multi-strategy hedge fund
Former FX Concepts executives Robert Savage and Ron DiRusso launch Citic Capital Holdings
Mercury Forex diversifies from spot, takes over FX24
Swiss currency manager has collaborated with FX24 to launch a new discretionary trading programme
Saxo looks to capture the middle ground of hedge funds
Following a major restructure at the start of the year, the Danish bank is now looking at a new growth area - the delivery of multi-asset class support services, including capital raising, to emerging hedge funds
FX Concepts pays price for not adapting strategy
Bankruptcy of the currency management firm is due to its failure to react to new market realities, say competitors and insiders
FX Concepts teeters as clients exit and AUM plummets
Assets under management at FX Concepts have continued to fall and the fund's chief strategist confirms the board's ideas haven't worked so far
Hedge funds benefit from lower prime broker fees
Hedge funds can lock in favourable rates for prime brokerage services as competition forces banks to rethink pricing, says former BlackRock managing director David Geffen who now runs a consultancy
Japan trade captivates macro hedge funds
Top hedge fund managers at the Salt conference in Las Vegas are brimming with enthusiasm for Japanese equities as Abeconomics helps weaken the yen and boost economic growth
Standardised OTC swaps spice up futurisation fight
March saw the launch of a template for a new standardised interest rate swap product – an attempt to protect swap market liquidity from the threat of futurisation. The first product based on the template could be launched within weeks, but even some…
Hedge funds benefit from lower prime broker fees
Hedge funds can lock in favourable rates for prime brokerage services as competition forces banks to rethink pricing, says former BlackRock managing director David Geffen who now runs a consultancy
Faster isn't always better, says Alacrity FX
Miriam Siers talks to fund manager Alacrity FX about how regulatory changes could slow down the race for low-latency
Commodity trader CF Partners launches first hedge fund
CF Partners, active in the commodities market since 2006, has launched a long/short equity hedge fund after hiring Alvaro Ventosa from Spanish fund manager Cygnus 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
Investors return to FX as volatility and volumes rise
Banks are reaping the benefits of the return of hedge funds to the FX market as a result of rising volatility, which in turn is driving volumes higher
Harmonic Capital strikes balance between voice and electronic
London-based fund manager believes voice trading continues to be an important way of maintaining a strong relationship with the sell side