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Houlihan Lokey expands hedge fund and financial sponsorship coverage with new hire

Wed, 21/01/2015 - 15:30

Houlihan Lokey, has appointed Patrick Collins as managing director in the firm’s Financial Sponsors Group based in New York.  »

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Convergex adds industry veterans Gough and Holl to international leadership team

Wed, 21/01/2015 - 14:30

Convergex, an agency-focused global brokerage and trading related services provider, has added two industry veterans to its international leadership team.  »

Cayman islands map

Cayman Islands Stock Exchange appoints Deputy Head of Listings and Compliance

Wed, 21/01/2015 - 13:30

The Cayman Islands Stock Exchange has appointed Eva Holtas Deputy Head of Listings and Compliance, effective 5 January 2015.  »

Shanghai

MIK expands into Asia

Wed, 21/01/2015 - 12:00

MIK Fund Solutions, a provider of decision support software solutions for alternative asset managers, has expanded its geographic footprint into Asia, basing its APAC headquarters in Shanghai, China.  »

Charalambos Psimolophitis, CEO of FxPro

Prime-of-Prime service launched for institutional investors

Wed, 21/01/2015 - 10:45

FxPro Financial Services Limited (‘FxPro’) has launched a Prime-of-Prime service in a bid to attract institutional investors and enable them to benefit from greater transparency and trading cost efficiencies. With FxPro Prime, hedge funds, in particular start-ups (as well as other asset managers), will be able to trade against the high quality liquidity pool that FxPro has across 11 liquidity providers and avoid having to establish prime brokerage relationships. »

man with megaphone

Pershing Square Capital Management appoints Stephen Fraidin as Vice Chairman

Wed, 21/01/2015 - 10:45

Pershing Square Capital Management has appointed Stephen Fraidin, as a Senior Partner at Kirkland & Ellis LLP, has joined the firm as Vice Chairman.  »

Chris Chanrod, PrimeOne Solutions

Providing a gateway for new entrants

Wed, 21/01/2015 - 10:42

“Basel III and other regulatory issues and restrictions have a number of driving factors and downstream effects on tier one primes, which drives our whole investment thesis here at PrimeOne Solutions,” states Chris Chanod pictured), Global Head of Business Development, PrimeOne Solutions, part of CoreOne Technologies.  »

Jack Seibald, Concept Capital Markets

Threat of rising funding costs

Wed, 21/01/2015 - 10:39

“Our history is that we’ve been very welcoming to start-up hedge funds. Even as the opportunities to service larger managers grow, we’re not just walking away from what has been a significant part of our business,” says Jack Seibald (pictured), managing member at Concept Capital Markets LLC, one of North America’s leading introducing brokers.  »

EJ Liotta, PrimeOne Solutions

Basel III set to create a richer array of prime brokers

Wed, 21/01/2015 - 10:36

By James Williams – On 4 August 2014, the Wall Street Journal reported that Goldman Sachs had commenced culling its hedge fund client roster, offloading managers who simply weren’t generating enough return on equity. Fast forward to 7 December 2014. Reuters reported that Credit Suisse was considering scaling down its prime brokerage business, as Switzerland contemplates imposing a tier one capital ratio of 4 per cent on its banks by 2019, 1 per cent higher than the Basel III ratio. »

John Stracquadanio, Head of Prime Services, Scotiabank

A new paradigm for prime brokers

Wed, 21/01/2015 - 10:25

Scotiabank is one of a stable of Canadian banks that have decided to enter the prime services space as regulation begins to shake up the established order. Basel III and other regulations are providing new entrants with similar opportunities that arose following the ‘08 financial crisis as managers adopted a multi-prime approach. »

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