GFXC Issues Statement on Market Conditions

With increased focus on the impending quarter end WM Fix, the Global Foreign Exchange Committee has issued a statement reminding market participants of their responsibilities in what is likely to be a challenging market environment. In the statement the GFXC says given the intense volatility seen in global financial markets this month, it is possible […]
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Currency, Crypto, Managers Outperform in February

Data from BarclayHedge shows that while CTAs generally returned -0.31% in February, currency and crypto managers were the strongest performers, achieving positive results. The BarclayHedge Currency Traders Index was up 2.2% in February with 85% of funds reporting results, this means the Index is up 3.45% for the first two months of 2020, the second […]
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CFTC Extends Relief for UMR

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert today released a statement outlining the commission’s unanimous vote last night to finalise a one-year extension of the initial margin compliance deadline for market participants with the smallest uncleared swaps portfolios. “I am committed to ensuring that initial margin remains a core risk-mitigating component of the global […]
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Refinitiv Acquisition in Wealth Management Space

Refinitiv today announced the acquisition of Scivantage, a Software as a Service (SaaS) provider for the wealth management space. Refinitiv says the acquisition will help it create next-generation digital wealth management solutions, providing clients with the data, technology and insight needed to empower better decisions and user engagement. Scivantage’s primary solutions include digital wealth management offering Wealthsqope, […]
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Duet Adds LiquidityBook for Buy Side

LiquidityBook today announced that Duet Group, a global investment holding company, has implemented the SaaS-based LBX Buy Side as its POEMS (portfolio, order and execution management system). LiquidityBook’s platform provides a range of order, execution and portfolio management capabilities, including real-time performance, full historical P&L, risk management, compliance and reporting. The cloud-based technology can be […]
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FCA Publishes “Dear CEO” Letter to Asset Managers

UK regulator, the Financial Conduct Authority (FCA), has published a “Dear CEO” letter to asset management firms, urging them to prepare for the end of Libor “now”. In the letter from Nick Miller, head of asset management supervision at the FCA, it stresses that UK authorities have been clear that the intention is that Libor […]
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And Finally…

The “buy side” is a hydra – we use the phrase for convenience rather than accuracy – and indeed as more buy side firms face holding more risk and, possibly, seek to match with other firms, even this generic description may be out of date soon. So with the caveat that what I am about […]
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Lumint, New Change FX Partner for Hedging Analytics

Lumint and New Change FX (NCFX) have joined forces to provide a new solution which they say will address all the major challenges and opportunities faced by investment managers wishing to outsource some or all of their hedging programs. Lumint provides a full STP process to obtain the necessary hedge data and establishes a clear […]
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Hedge Fund Association Adds Two

The Hedge Fund Association (HFA), a not-for-profit lobbying organisation, has appointed two to its board of directors in Josh Stone, legal and compliance advisor, and Mark Shaw, UK regional co-director. US-based Stone is principal and founder of FundsLawyer in Florida, while Shaw is a partner in the investment funds practice group of Wildgen, a Luxembourg […]
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Insch Kintore Strategy to Backbone New Fund

The Insch Kintore fund, which has, since inception, earned a total net return of +88.45%, with an average rolling 12 month net return (49 observations) of +16.21% (net of management and performance fees), has been selected by Linear Investments in its new appointment as investment advisor to Bermuda-based Rudolf Wolff Insch Kintore, Rudolf Wolff will […]
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