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A fund experience

The introduction of the EIF has resulted in a considerable rise in the number of Isle of Man-domiciled hedge funds

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The Amex European Equity Market Neutral Fund battles with volatile and irrational markets to achieve returns of Libor plus 4% to 8%

Icap signs BrokerTec purchase agreement

UK inter-dealer broker Icap has reached an agreement to buy the electronic cash bond and repo trading business units of BrokerTec for up to £181 million. But the deal is still pending clearance by the US Department of Justice, which Icap expects will…

MacIntyre to leave DeAM for New York City fund

Desmond MacIntyre, head of European pension strategy at Deutsche Asset Management (DeAM), plans to leave the German manager at the end of the month to take on the role of chief investment officer at the New York City Retirement Systems fund.

DerivaTech buoyed by $7m in new financing

Chicago-based currency derivatives pricing, analytics, transactions processing and risk management system provider, DerivaTech, has secured $7 million in new financing from US venture capital firm Trident Capital.

Algo’s Dembo joins Prmia ‘blue ribbon panel’

Ron Dembo, founder and president of Algorithmics, the Canadian risk management software and advisory company, has joined the ‘blue ribbon panel” of advisors to the Professional Risk Managers’ International Association (Prmia).

Euronext pays CME $7.5m to settle Wagner patent dispute

Pan-European exchange Euronext will pay the Chicago Mercantile Exchange (CME) $7.5 million related to settlement of an indemnification dispute. The dispute revolves around the CME’s $15 million deal in August last year with electronic brokerage eSpeed…

RMS adds new European and US temperature data

Risk Management Solutions (RMS), a California-based provider of software for the management of natural hazard risks, has expanded the number of weather databases in its Climetrix weather derivatives trading and risk management system in Europe and the…

ABA sets up new op risk committee

The American Bankers Association (ABA) has created a new operating risk committee to help bankers reduce losses and comply with new capital requirements laid out in Basel II, the new regulatory capital accord being devised by the Basel Committee on…

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