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  • Jennifer J 10:49 on August 19, 2015 Permalink | Reply
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    TradingScreen wins “Best in Investment Technology” Award at Global Fund Awards 2015 

    UNITED KINGDOM – August 18, 2015 – TradingScreen Inc., the leading independent provider of liquidity, trading and investment technology via SaaS, was granted the “Best in Investment Technology” Award at Corporate LiveWire‘s Global Fund Awards 2015 event.

    “The Global Fund Awards is an international awards program sponsored by both Barclay Hedge and the IOM Fund Association. These awards bring recognition of fund performance and service providers who support the industry to the fore.  Corporate LiveWire takes great pride in publishing its full list of winners and celebrating the success of these firms,” said Leah Jones, Award Director, pertaining to this year’s level of competition.

    For more information, please visit Corporate Livewire’s site here.

    Global Fund Awards

    Cristina Dolan
    Head of Content and Communications
    Direct: +1 212-359-4149

    About TradingScreen
    TradingScreen is the leading independent provider of liquidity, trading, and investment technology via SaaS to the financial community. TradingScreen’s goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order-and liquidity-management and Investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named the Best Fixed Income Trading Platform in 2014 by Wall Street Letter for the second consecutive year, in addition to winning numerous awards for best trading technology. TradingScreen provides global coverage from offices in Boston, Chicago, Geneva, Hong Kong, London, New York, Paris, São Paulo, Singapore, Sydney and Tokyo. For more information on TradingScreen, go to http://www.tradingscreen.com.

  • Jennifer J 11:18 on August 18, 2015 Permalink | Reply
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    TradingScreen shortlisted for “Best Technology Provider” Award 

    Investment Week has shortlisted TradingScreen for the “Best Technology Provider” award at The Fund Services Awards 2015. The event is scheduled for Wednesday, October 7th at the Marriott Grosvenor Square, London.

    “The Fund Services Awards are designed to identify the cream of the crop when it comes to companies that offer services and solutions to the fund management industry, giving the opportunity to showcase their expertise and ability.”

    To read more about the nomination or The Fund Services Awards 2015, click here.

  • Mike T 14:58 on May 8, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 05/08/15 

    Daniel Loeb Strikes Back Against Buffett’s Criticism of Hedge Funds
    (DealBook) – To many Americans, the billionaire investor Warren E. Buffett is the “Oracle of Omaha.” To another billionaire investor, Daniel S. Loeb, he is a hypocrite.

    Mr. Loeb, who runs the $17.4 billion hedge fund Third Point, told an audience of hedge fund faithful on Wednesday that Mr. Buffett “has a lot of wisdom, but I think we need to be aware of the disconnect between his wisdom and how he behaves.”

    He was taking aim at a public bet that Mr. Buffett made against the hedge fund industry, which Mr. Buffett believes cannot outperform the broader market and, specifically, the Standard & Poor’s 500-stock index.

    Speaking to shareholders at an annual gathering for his company Berkshire Hathaway over the weekend, Mr. Buffett pointed out that the S.&P. 500 had gained 63.5 percent since 2008, while an index of hedge funds had increased by 19.6 percent over the same period. (More …)

  • Mike T 16:50 on May 1, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 05/01/15 

    (Reuters) – Hedge funds and other money managers raised their bets on rising Brent crude oil prices for a fifth week in a row to a new record, exchange data showed on Monday.

    Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange (ICE) data showed, the highest level since records began in 2011.

    “We have more or less seen longs rise since October so it’s been going on for some time,” said Ole Hansen, head of commodity strategy at Saxo Bank.

    However, he added the proportion of long bets to short positions had reached levels which in the past had been followed by a drop in prices. (More …)

  • Mike T 13:20 on April 17, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 04/17/15 

    Ben Bernanke Will Work With Citadel, a Hedge Fund, as an Adviser

    (DealBook) – For eight years, Ben S. Bernanke, the former Federal Reserve chairman, was steward of the world’s largest economy. Now he has signed on to advise one of Wall Street’s biggest hedge funds.

    Mr. Bernanke will become a senior adviser to Citadel, the $25 billion hedge fund founded by the billionaire Kenneth C. Griffin. He will offer his analysis of global economic and financial issues to Citadel’s investment committees. He will also meet with Citadel’s investors around the globe.

    It is the latest and most prominent move by a Washington insider through the revolving door into the financial industry. Investors are increasingly looking for guidance on how to navigate an uncertain economic environment in the aftermath of the financial crisis and are willing to pay top dollar to former officials like Mr. Bernanke. (More …)

  • Mike T 10:20 on April 10, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 04/10/15 

    Fund Managers Pose Threat to Global Financial Stability, says IMF

    (The Guardian) – Fund management companies that invest billions of pounds of savers’ money pose a threat to global financial stability and regulators should police them more closely, according to the International Monetary Fund.

    Delegating day-to-day investment decisions to large asset managers, as pension funds and many individual savers do, “introduces fundamental incentive problems between end investors and fund managers, which can induce destabilising behaviour and amplify shocks,” the Washington-based organisation says.

    Asset management has so far largely escaped the more intrusive regulatory regime introduced for banks in the wake of the global financial crisis.

    (More …)

  • Mike T 12:58 on March 27, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 03/27/15 

    Former Fed Official Stein Brings Credit Bubble Expertise to Hedge Fund
    (Forbes) – BlueMountain Capital, the credit-focused hedge fund that profited from JPMorgan Chase’s London Whale trading fiasco in 2012, said on Tuesday former Federal Reserve Governor Jeremy Stein will begin advising the firm on monetary policy, regulation and financial market changes. The consulting arrangement pairs one of the largest credit investors with Stein, who in his brief time at the Fed, warned about bubbles and the unintended consequences of the central bank’s post-crisis easing efforts.

    Stein, who was a Fed governor between May 2012 and May 2014, is being taken on by BlueMountain as a consultant and is expected to advise the hedge fund on interest rate moves, Federal Reserve actions, and potential investment opportunities, particularly at times when markets become dislocated. The consulting gig may be a perfect fit for Stein given his belief the Federal Reserve can use monetary policy to curb asset bubbles, particularly in the credit markets where BlueMountain is considered a savvy and contrarian investor. (More …)

  • Mike T 10:34 on March 20, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 03/20/15 

    (DealBook) – The nasty battle between Argentina and a group of New York hedge funds has claimed another victim: Citigroup.

    The bank said on Tuesday that it would shut its custody business in Argentina after a federal judge in New York last week rejected its request to lift an order that prevented the bank from making interest payments to investors holding $2.3 billion in Argentine notes.

    Citing an “unprecedented international conflict of laws,” Citigroup said its Argentine branch was making plans to close the custody business “as soon as possible,” according to a statement emailed on Tuesday. It will continue to pursue “all legal remedies,” the bank added.

    The bruising defeat for Citigroup follows a decision by Judge Thomas P. Griesa of the Federal District Court in Manhattan last summer to block all interest payments on Argentine debt, a ruling that set off Argentina’s default last July 31. (More …)

  • Mike T 11:57 on March 13, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 03/13/15 

    G.M. to Buy Back $5 Billion of Its Stock

    (DealBook) – After a rough 2014 punctuated by a record number of safety recalls, the last thing General Motors needed was a prolonged proxy fight with unhappy shareholders.

    So G.M. on Monday moved to defuse a potentially distracting battle with dissident investors by approving a plan to buy back $5 billion in stock that is intended to improve its stagnant share price.

    The decision to dip into its cash reserves to finance a buyback came after weeks of discussions between G.M. and an investment group led by Harry J. Wilson, a member of the government task force that administered the company’s $49 billion bailout in 2009.

    Last month, Mr. Wilson told G.M.’s chief executive, Mary T. Barra, that he was heading an effort by hedge fund investors to prod the automaker to share its $25 billion cash hoard with stockholders. (More …)

  • Mike T 12:09 on March 6, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 03/06/15 

    (Forbes) – Universal proxy ballots, the inclusion of board nominees from both sides of an activist fight on a single voting card, was key in Bill Ackman’s defeat by Target in 2009 and his successful ouster of Canadian Pacific’s board a few years later. Now, the proxy voting technicality is being revived in hedge fund Trian Management’s fight to gain entry into DuPont’s boardroom.

    In late February, Trian asked DuPont to use a universal proxy ballot at its 2014 annual shareholder meeting, allowing rank and file shareholders to vote between dissident and company-nominated board directors. Investors traditionally vote their shares using proxy cards, either backing the white cards that contain company nominees, or the gold cards that hold activist slates. However, activist funds increasingly want to give investors the option to split their vote if they don’t feel comfortable going all-in during an activist campaign. (More …)

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