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Intertrust has announced a raft of senior appointments in fund services spanning some of its priority jurisdictions.   James Donnan has been appointed as head of Fund Services for the Hong Kong office. In his role James will oversee the delivery of services to Intertrust’s alternative fund clients and will be responsible for leading the group’s private equity strategy across Asia. He was previously commercial director, Greater China for Intertrust, before which he spent 10 years with KPMG in Hong Kong, China and Australia, most recently as director in their financial services division.   Christine Jacquemart has been appointed as commercial director
Imperial Capital Group has hired James P Kenney and Kevin Cadden, two senior institutional convertible sales professionals, forming a dedicated Convertible Sales Group, and adding to the franchise’s continued credit sales & trading growth initiatives. The group will be responsible for expanding Imperial Capital’s existing credit sales and trading business further into convertible products while working with a team of seasoned trading and research professionals to provide its institutional clients with valuable market colour, trading ideas and excellent execution in both the fixed income and equity markets.   “With the hiring of James and Kevin, we are able to provide
A more active approach to managing portfolio-wide currency risks, and in particular a greater appetite for active currency overlays, is being shown by institutional investors, driven by divergence in European and US interest rates, geopolitical unrest and greater scrutiny of costs. That’s according to the latest market Intelligence report from bfinance, ‘Managing Currency Risk in a Two-Speed World’, which also finds that a highly tailored provider assessment framework is essential with currency overlays and institutional asset owners looking to pursue active overlay strategies should carefully consider both upfront fees and transaction costs as there is a wide disparity in both.
Charles River Development has formalised a partnership agreement with the London Stock Exchange’s UnaVista to automate transaction reporting under the European Union’s Markets in Financial Directive II (MiFID II). Under the partnership, the firms’ mutual clients are able to use UnaVista as an Approved Reporting Mechanism (ARM) to report transactions to National Competent Authorities (NCAs) for all required asset classes.   MiFID II includes a requirement that investment firms submit detailed transaction reports to their NCAs within one day of the transaction. All trades involving financial instruments admitted to trading or traded on an EU trading venue need to be
Liquidnet has now made its Algo Ranking Model technology available in Europe, building on a successful launch in the US. Using innovative technology and a multi-factor model, the Algo Ranking Model profiles every order to rank execution strategies in real-time according to order characteristics, trading objectives, market conditions, and performance targets.   The model ranks Liquidnet’s suite of Next Gen Algos based on three key execution objectives: performance, fill rate, and an optimal combination of the two before presenting options to the trader. Once the trader has made a selection, the model quantifies the algorithm selection, creates an analytical foundation
Dyal Capital Partners, a division of Neuberger Berman Group, has acquired a strategic minority stake in private credit and special opportunities alternative investment manager, Atalaya Capital Management. Dyal will become a passive, non-voting partner in Atalaya. All of the proceeds from the investment will be retained on Atalaya’s balance sheet to expand the Firm’s capabilities and increase the Firm’s investment alongside its investors.   Atalaya was founded in 2006 and today manages more than USD2.5 billion in assets under management across its Special Opportunities Fund and Asset Income Fund products as well as select other investment vehicles.   Ivan Q.
Regulatory data exchange Silverfinch has highlighted the importance of ensuring all data is securely stored and managed in the lead up to the regulatory step change of MiFID II. From 3 January 2018, MiFID II product governance will require manufacturers of products to collect information from their network, confirming if products have been sold to a suitable investor. The regulation also requires asset managers to hold and communicate increased amounts of data on their funds and clients. Much of this data will be sensitive, personal information which will need to be stored correctly to avoid any third party access.  
Estera, a provider of offshore fiduciary and administration services, has appointed Brad Stephenson (pictured), as team manager for the company’s Cayman Islands fund services business. In his new role, Stephenson oversees Estera Cayman’s fund offering, including fund directorships and related fiduciary services to Cayman corporate structures.   Stephenson, who has more than a decade of experience in the Cayman funds industry, previously served as a business development manager within a provider of specialised trust and fund administration services. He has extensive experience offering guidance on a range of corporate structures and has overseen the day-to-day management of funds in markets
The hedge fund industry faces a challenging environment in Europe, with overall assets under management declining in 2016, and net asset outflows continuing through Q1 2017, according to a new report from Preqin. Hedge Funds In Europe reveals that as of the end of 2015, hedge fund managers in the region held USD674 billion in AUM; this declined to USD657 billion a year later. At the same time, investor outflows from Europe- based fund managers totalled USD35 billion, with a further USD9 billion in net outflows recorded in Q1 2017. However, performance among Europe hedge funds has shown signs of
Hagen Lewis (pictured), has joined Neudata as Director, North America, and will be based in midtown New York City. Lewis will expand the US nationwide marketplace for the firm’s alternative data intelligence platform by working closely with systematic, quantitative and other professional fund managers.  “Hagen is a proven FinTech professional and a true gem to add to our expanding talent lineup,” says Rado Lipuš, founder and chief executive officer of Neudata, headquartered in London, UK. “He fully appreciates the consultative relationships we continue to forge with institutional managers who find tremendous value in leveraging the unconventional, and often under-radar, alternative

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