Day: 8 November 2011

Cambridge Strategy Asset Management Hires

Adam Reynolds, co-head of fixed income and currencies in Asia at Société Générale, has left the French bank to become Asia chief executive for the Cambridge Strategy Asset Management, a hedge-fund manager that specialises in emerging markets and macroeconomic trades. Reynolds joined Société Générale in July 2009 and oversaw Asian fixed income and currency sales. […]

Parker Index Down in August

Funds in the index reported an aggregate loss of 1.28% in August with 39 out of 58 funds incurring losses. The performance for the month ranged from a high of 4.03% to a low of -8.38%, says Parker, which does not disclose the names of the funds. The median return for the month was -0.86%. […]

CSAM Hires in Asia-Pac

He will be based in Hong Kong and will report to Neil Harvey, head of Asia Pacific and head of emerging markets globally, and Sudip Thakor, head of global emerging markets products for Asset Management. The role is newly created and Guinness will focus on Asian emerging markets product development and investment solutions for regional […]

AIMA ‘Concerned’ Over ESMA Proposals

The Alternative Investment Management Association (Aima) has made public its concerns surrounding the potential impact of the European Securities and Markets Authority’s (Esma) proposal – the Alternative Investment Fund Managers Directive (AIFMD) on non-EU managers and funds. ESMA is responsible for giving advice on specific rules and regulation that will in turn enable the AIFMD […]

What’s New?

Deutsche Bank Extends Order Functionality Deutsche Bank has extended the FX order functionality on Autobahn with the launch of an order management platform for FX swaps.FX Swap Orders allows clients to place orders in multiple currencies, trade within a given bid/ask spread and provides access to better liquidity. The service also provides a Fast Orders […]

Thomson Reuters Creates Marketplaces Group

Thomson Reuters is creating a new group called Marketplaces as part of a move to combine its Sales and Trading and Investment and Advisory businesses. The two businesses operate within Thomson Reuters’ Markets division which the company plans to disband early next year, along with its other division, Professional. Thomson Reuters says it will transition […]

EU Unveils Tougher Financial Rules

The European Commission has unveiled a series of wide-ranging measures designed to extend its regulation of the over-the-counter derivatives markets. The Markets in Financial Instrument Directive proposals, or MiFID II, are part of a global effort to make the markets more transparent, after a commitment by the Group of 20 nations in 2009. The Mifid […]

CMC Markets Hit with Technology Cost

CMC Markets, the financial trading firm founded by the UK Conservative Party co-treasurer Peter Cruddas, has nearly doubled its pre-tax loss as it wrote off technology investment costs for the year to March 2011. CMC, which provides spread betting and contracts for difference trading to retail customers, made a pre-tax loss of £23.7 million in […]

Financial Transaction Tax Attracts More Criticism

Eleven financial industry associations in Europe joined forces at the end of October to urge UK chancellor George Osborne to reject any attempt to impose a European Union financial transaction tax. Signatories to a letter sent to the chancellor include the British Bankers’ Association, the Association for Financial Markets in Europe, the International Swaps and […]

Overcoming Latency and Capacity Issues

It is a truth universally acknowledged that the proliferation of high frequency trading activity has resulted in a dramatic rise in volume in the financial markets. Data from the Bank for International Settlements (BIS) shows that most of the recent foreign exchange market growth – about 20% in volume terms between 2007 and 2010 – […]