Latest News
Most alternative investment management firms are able to turn a profit and expand with considerably less than USD100 million in assets, according to a survey of sub-USD500 million firms by the Alternative Investment Management Association (AIMA) and boutique prime broker GPP.
The joint AIMA/GPP survey of 135 alternative asset managers globally found that the average break-even point is around USD86m, while around a third are able to break even with USD50 million in assets or less. Break-even was found to be highest among global macro hedge fund firms that responded to the survey (USD132 million on average) and smallest for
- 06/07/2017
There’s a lot hackers can do to wreak havoc for private equity and other investment firms – and it extends far beyond forcing users to change their passwords. In fact, with their roguish hands on the right information, the consequences can be downright destructive for a firm’s business operations and integrity.
Systems & network access
Of course, with stolen passwords and login credentials, hackers can gain access to company systems and networks – not an insignificant feat. Unfortunately, we’ve seen many cases over the years where users rely on reused passwords across multiple systems – meaning when a hacker deciphers
- 06/07/2017
- 06/07/2017
Scott D Peterman (pictured), has joined Orrick as a partner in the firm’s M&A and private equity practice in Hong Kong.
Peterman, who joins from Jones Day, is the sixth partner to join Orrick’s global M&A practice over the past year and will be the firm’s fifth partner in Hong Kong. Last month, the firm announced the addition of Mark Lehmkuhler, a former Davis Polk partner, to our M&A practice in Hong Kong.
“The addition of Scott and Mark are two great steps forward in advancing our Greater China strategy,” says Xiang Wang, Orrick’s Asia Managing Partner. “They add
- 06/07/2017
Preqin’s latest research examines two ways of defining emerging hedge funds (EHFs); ‘small’ first-time funds with USD300 million or less in AUM, or ‘new’ first-time funds with a three-year track record or less.
Preqin finds that each group has posted higher returns across 12-month and 3- & 5-year annualised horizons compared to the wider fund industry. ‘New’ EHFs in particular have posted higher rolling 12-month performance than the wider industry for most of the past five years. While this level of performance has historically been accompanied with a higher level of volatility, three- year volatility for ‘new’ EHFs has converged
- 06/07/2017
Los Angeles Capital Management has appointed Edwina Acheson (pictured), as a managing director in the Firm’s UK relationship management team. Acheson will be based in London at the Firm’s wholly owned subsidiary, LACM Global, Ltd.
Together with senior relationship manager Charles Morris, CFA, Acheson will be responsible for developing institutional client and consultant relationships across Europe.
Prior to joining LACM Global, Acheson worked for Arrowstreet Capital where she was a director of its European entity, with responsibility for business development in the region. She was actively involved in helping the firm build its UCITS pooled fund business, and was
- 06/07/2017
Ann Neidenbach, who joined Cowen on the closing of the company’s recent acquisition of Convergex, has been appointed Managing Director and Chief Information Officer and will direct the firm’s global strategic technology innovations across all business lines.
In addition, Kelly Weigel was promoted to Head of Marketing and Client Services and will oversee the coordination of the firm’s global corporate access, marketing and communications initiatives. Finally, Patrice Growney Aitken has joined Cowen’s Equity Sales and Trading team as Managing Director and Head of Mid-Atlantic Equity Sales.
“I am very pleased to welcome Ann and Patrice to the Cowen team
- 06/07/2017
- 06/07/2017
ICE Endex is now a fully owned subsidiary of Intercontinental Exchange (ICE), following ICE’s acquisition of the remaining 20 per cent stake of ICE Endex shares from NV Nederlandse Gasunie.
Terms of the deal have not been disclosed.
In addition, ICE and Gasunie have signed a Memorandum of Understanding (MOU) which sets out the basis for further cooperation between the two parties in relation to the operation of the Dutch gas and power markets following ICE’s acquisition of the Gasunie Shares.
“Gasunie have been terrific partners in building ICE Endex and in growing the Dutch TTF gas futures
- 06/07/2017
The June 2017 average daily transaction value on the Euronext cash order book stood at EUR8,242 million, relatively stable (-1.2 per cent) compared to June 2016 and down 2.7 per cent from the previous month.
The average daily transaction value on ETFs was EUR414 million, down 39.4 per cent compared to June 2016 and down 24.5 per cent from the previous month. Our ETF offering increased this month with 822 listings at the end of June compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 247,489 contracts in June 2017, up 1.1 per
- 05/07/2017
Midclear has selected GMEX Group wholly owned subsidiary, GMEX Technologies, to provide and implement its innovative AvenirClear CCP product as the core system of the first derivatives central counterparty (CCP) in Lebanon.
The set-up of the CCP by Midclear represents an important milestone in the reinvigoration of the Lebanese Capital Markets, part of Lebanon’s strategic plans for its economy and reconstruction. The derivatives asset classes covered include FX Futures, Equity Index Futures & Options, and Commodity Futures, including precious metals.
Since the inception of the Capital Market Authority (CMA), led by the Central Bank of Lebanon, important work has
- 05/07/2017
Linedata has launched the latest version of Linedata Optima, a of business process management (BPM) tools designed specifically for fund accounting and administration.
BPM tools are operational performance enablers that allow fund administrators to design, monitor and execute end-to-end business processes for increased efficiency. With business operations becoming increasingly exception based and event-driven, intelligent operations require a more responsive approach. Linedata Optima elevates process optimisation by providing oversight, transparency and operational risk management capabilities within the back-office operations.
Following the successful development and roll-out of earlier modules (Event Monitor and Process Monitor), this release sees the inclusion of a
- 05/07/2017
Special Reports
FeatureD
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
- Intel
- April 15, 2024
- Intel
- April 12, 2024
- Intel
- April 11, 2024
- Intel
- April 10, 2024
- Intel
- April 9, 2024
