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Much is made in the mainstream media of the supposed greed and avarice of hedge fund managers but as a recent Emerging Managers survey, compiled by boutique prime broker GPP in partnership with AIMA reveals, the opposite is true.
Far from looking to exploit investors with sky-high performance fees, the survey finds that the average figure is 15.37 per cent for funds that launched one to three years ago. Moreover, some 77 per cent of survey respondents said that performance fees in their flagship fund over the next 12 months would remain unchanged.
This level of pragmatism often gets overlooked,
- 27/07/2017
Alternative asset manager FS Investments has promoted Chief Investment Officer (CIO) Mike Kelly (pictured), to President with immediate effect. Kelly will remain as CIO.
In his expanded role, Kelly will continue to serve on the firm’s Executive Committee, oversee investment management and product development, and in addition will now direct FS’s capital markets, due diligence, investment research and investor relations functions.
“Mike has been an important part of our growth and success since joining us, and we are excited to name him President as he expands his role,” says Michael C Forman, Chairman and CEO of FS Investments. “We
- 27/07/2017
- 27/07/2017
Bates Wells Braithwaite has appointed Richard Cross (pictured), as a Senior Consultant to its growing regulatory consultancy, BWB Compliance.
A specialist in UK and European regulation, Cross brings a wealth of experience in helping financial services firms to tackle compliance challenges and regulatory changes such as AIFMD and MIFID II.
Cross joins following a six-year stint at financial services regulatory consultancy Bovill, where he worked as a Managing Consultant, primarily advising asset managers in the Private Equity and Venture Capital sectors.
BWB Compliance offers regulatory advice and support to financial services firms. Richards joins at a time
- 27/07/2017
LeverPoint Management, a full service Fund Administration firm, has acquired Lamplighter Financial. Lamplighter CEO, Brian Woodall, will take on a new role as Director, Business Development.
“We are thrilled that Lamplighter Financial is now a part of LeverPoint,” says David MacPhee (pictured), CEO, LeverPoint. “As we continue to grow and expand our client base across the country, acquisitions like these will be a vital part of the strategic process.”
LeverPoint is a Clifton Park, NY based Fund Administration firm that offers full service fund accounting, tax and back office support within the alternative investment sector. LeverPoint allows Fund Managers
- 27/07/2017
- 27/07/2017
Two new European indices for blue chips – the Morningstar Eurozone 50 Index and Morningstar Developed Markets Europe 100 Index – are now live on Euronext.
The indices developed by Euronext and Morningstar aim to provide different investor profiles (asset managers, brokers, ETF issuers, banks and trading desks) with equity beta indices that can be used as benchmarks and for investable product creation. The new indices are positioned as a competitive alternative to Europe’s existing offerings and are part of Morningstar’s Open Indexes Project, which delivers a portion of Morningstar’s global equity indices for no cost to the investment community
- 27/07/2017
big xyt, a independent provider of high-volume, smart data and analytics capabilities, has launched Liquidity Cockpit, which is designed to give global trading and investment firms enhanced visibility over dark and lit liquidity.
It also provides the ability to navigate and analyse European market share across a fragmented and dynamic market landscape.
With the anticipated MiFID II dark volumes caps coming into force and the rise in Large in Scale (LIS) trading activity, equity market participants need to recognise LIS classified trades, track market share and navigate interactions across different liquidity pools.
The big xyt Liquidity Cockpit provides
- 27/07/2017
Thomson Reuters has enhanced its tick history data service, Tick History 2.0, to provide the financial industry with a powerful tool for developing algorithmic and systematic trading strategies and assist in meeting MiFID II requirements in 2018.
The solution assists institutions in complying with MiFID II, by incorporating additional reference data fields to capture the new data sources and venues under MiFID II.
Tick History 2.0 provides greater breadth and depth of historical time series, a wider range of content sets and improved search functionality. Data is recorded from Thomson Reuters Elektron Real Time Feeds covering both OTC and
- 27/07/2017
Dash Financial Technologies has named Sarah Hall (pictured) as Managing Director, Head of Human Resources.
In this role she is responsible for all aspects of the firm’s human capital investment, employee relations and talent management programs globally. A member of the firm’s executive management team, Hall is Dash’s third significant hire in as many months, joining Ari House and Robert Boylan as senior appointments.
Hall joins the firm from consumer goods provider Aden & Anais, for whom she served as Global Human Resources Director. She began her career as a Human Resources Manager for Skywalk Group, a professional services
- 26/07/2017
Thomson Reuters has enhanced its integrated buy-side trading workflow solution by delivering interoperability between its financial markets desktop Eikon and REDI execution management system.
The milestone follows Thomson Reuters acquisition of REDI in January this year and the recent expansion of the Thomson Reuters Eikon Messenger community to REDI clients.
With this new development, Thomson Reuters customers can now benefit from interoperability between REDI’s best-in-class trading capabilities and Eikon’s pre-trade content and functionality to support their trading workflow. Thomson Reuters has also integrated Elektron market data into the execution management system so that customers can leverage the same market
- 26/07/2017
New York-based hedge fund firm Gondor Capital Management’s two hedge funds again edged their benchmarks with double-digit returns in the first half of 2017, consistently outperforming the S&P 500.
Gondor’s domestic hedge fund Gondor Partners, LP jumped 11.90 per cent through June (+2.02 per cent MTD), while the offshore Gondor Partners, Ltd., finished the first six months of the year up 10.36 per cent (+1.68 per cent MTD). Comparatively, the S&P 500 rose 9.34 per cent in the first half of the year while the HFRX was up 3.73 per cent during the same period.
“The strategy I use
- 26/07/2017
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