Saturday, 20 September 2014
Last updated 14 hours ago
Jan 13 2010 | 1:44am ET
Impending hedge fund regulation in Europe is already leading to an uptick in funds domiciled within the European Union. And Citigroup will be there to service them.
The Wall Street giant has unveiled an end-to-end servicing solution for EU-domiciled hedge funds. The new offering includes administration, custody, compliance, prime brokerage and back- and middle-office support, including secretarial services, distribution support and fiduciary services.
“Investors are now focused on governance, risk management, independent valuation and transparency of reporting," Andrew Gelb, head of securities and fund services in Europe, Middle East and Africa, said. "Hedge fund managers are increasingly offering Ucits and other EU domiciled fund structures to meet these needs as the industry continues to converge across the alternative and traditional fund sectors.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.