Thursday, 2 October 2014
Last updated 30 min ago
Sep 30 2008 | 6:31pm ET
Prime brokerage firm Merlin Securities is trying to stay one step ahead of its peers by creating a platform that will allow its hedge fund clients to fulfill the new requirements for reporting on short positions.
"At the push of a button, Merlin's clients are now able to pull together all of the data required to complete SEC Form SH," said Aaron Vermut, senior partner and chief operating officer of Merlin.
"In a time of difficult market conditions, we felt that the last thing our clients needed was to learn a new reporting requirement, so we worked quickly to design a solution that would make the process as simple and straightforward as possible. This new reporting tool continues our commitment to providing our single- and multi-primed hedge fund clients with timely and effective technology."
Two weeks ago, the Securities and Exchange Commission barred outright short-selling in nearly 800 financial stocks. The regulator subsequently loosened some of those restrictions, and added a two-week delay in making public hedge funds’ short positions. Hedge funds and other money managers still have to report their positions to the regulator the first Monday following the trade.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...