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Hedge Fund Capital Decline Slows As Financial Market Volatility Accelerates - HFRI 500 Macro Index Surges +17.2 Percent YTD As Currencies, Commodities, Risk Mitigation And CTAs Extend 2022 Gains - Hedge Funds Top Equity Market Declines By Widest Margin Since HFRI Inception

Date 20/10/2022

As a result of the volatility and positioning for generational inflation and increased likelihood of an economic recession, institutional investors withdrew an estimated $26.0 billion from hedge funds in 3Q 2022, as reported today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry, in the latest release of the HFR Global Hedge Fund Industry Report.

UK Financial Conduct Authority Begins Criminal Proceedings Against Five Individuals Involved With Worthington Group Plc

Date 20/10/2022

The FCA has begun criminal proceedings against five individuals involved with Worthington Group plc, a company listed on the London Stock Exchange. 

FIA Announces 10 Startups Selected For 2022 Innovators Pavilion

Date 20/10/2022

Marika Fredriksson Appointed To Saxo Bank’s Board Of Directors

Date 20/10/2022

At the extraordinary general meeting of Saxo Bank, Marika Frederiksson was elected to the Board of Directors.

The Inflationary Consequences Of Real Shocks − Speech By Ben Broadbent, Bank Of England, Deputy Governor, Monetary Policy, Given At Imperial College, London

Date 20/10/2022

These are difficult times for the UK economy. Ben Broadbent talks about how the pandemic and Russia’s invasion of Ukraine have increased import costs and unavoidably depressed the UK’s real income. He explains what this means for inflation and interest rates.

IOSCO And IVSC Collaborate To Explore International Valuation Approaches And The Quality Of Financial Information For Investors

Date 20/10/2022

• IOSCO and IVSC agree to explore best ways to promote high quality valuation practices in the public interest.
• Cooperation agreement follows feedback from securities regulators highlighting inconsistency in valuation quality and approach, worldwide

UK Prudential Regulation Authority Fines MS Amlin Underwriting Limited £9,695,000 For Failings In Its Governance, Controls And Risk Management

Date 20/10/2022

The Prudential Regulation Authority (PRA) has imposed a financial penalty on MS Amlin Underwriting Limited (MSAUL) of £9,695,000 for failing to comply with its regulatory obligations relating to its governance and oversight of underwriting, underwriting controls, management information, data quality, and risk management strategies and systems. These failings took place in the period between 1 September 2014 and 31 December 2019.

Stephen Johnston Appointed Managing Director, Client Delivery Operations, Broadridge Fund Communication Solutions

Date 20/10/2022

Broadridge has hired Stephen Johnston as Managing Director, Client Delivery Operations for Broadridge Fund Communication Solutions (FCS). Stephen will be responsible for all of the client servicing operations of the Fund Communication Solutions business, with Service Leads as his direct reports, and will be supported by FCS’s teams that span Ireland, UK, India and Poland.

Bank Of England Asset Purchase Facility: Gilt Sales – Market Notice 20 October 2022

Date 20/10/2022

On 18 October 2022, the Bank of England confirmed that sales of UK government bonds voted for by the Monetary Policy Committee at its September meeting would commence on 1 November. This Market Notice sets out the updated schedule for those planned gilt sale operations for Q4 2022.

Dr Constantin Bettermann Joins The Group Executive Committee Of Boerse Stuttgart Group

Date 20/10/2022

Dr Constantin Bettermann has also been appointed as Managing Director at Baden-Wuerttembergische Wertpapierboerse