Latest News
Michael Platt is the wealthiest hedge fund manager in the UK, according to the new edition of The Sunday Times Rich List, to be published on 7 May.
Platt (pictured), the co-founder and managing director of London-based hedge fund BlueCrest Capital Management, has seen his wealth go up GBP300 million in the past year.
The firm now only handles the wealth of partners and members after Geneva-based Platt, 49, called time last year on managing money from outside clients. The move worked as the fund reported a 50 per cent gain during 2016.
The business, which was valued at GBP1.51 billion in 2011,
- 05/05/2017
Wellfleet Credit Partners, the credit business of private investment firm Littlejohn & Co, has closed a USD457.8 million collateralised loan obligation (CLO), Wellfleet CLO 2017-1, the fourth CLO issuance for the firm.
Benefitting from supportive market conditions and investor receptivity, CLO 2017-1 was upsized approximately USD50.0 million during marketing.
With the completion of this CLO, Wellfleet is managing four CLOs that total over USD1.5 billion in aggregate.
The CLO will be backed by a diversified portfolio of broadly syndicated senior secured loans. Five classes of notes rated Aaa through Ba3 by Moody’s and one class of notes rated
- 05/05/2017
- 05/05/2017
Bernard Minsky has joined Cowen Group’s international prime services team as director and head of risk management.
Kevin LoPrimo (pictured), head of international prime brokerage, says: “We are proud to welcome Bernie, a seasoned professional, to lead our international prime services risk management team. Bernie has 30+ years of experience in the investment industry as a risk manager, business operator and consultant. Bernie and I had worked together before during our time at Goldman Sachs and are pleased to have the opportunity to do so again. He has a demonstrated ability to assess and navigate risk in a variety of
- 05/05/2017
Financial professionals using Thomson Reuters’ flagship desktop can now integrate their internal and partner applications through the launch of its Side by Side Integration API.
Together with App Studio, Eikon’s third-party developer suite, users can extract greater value from Eikon through a more seamless workflow on a single desktop.
The new API is designed to meet the changing needs of financial professionals as they use an ever-expanding number of applications from different providers to reflect individual needs and market segments.
Side by Side Integration can connect any financial application on the desktop to Eikon, helping users move seamless
- 05/05/2017
HSBC Securities Services (HSS) has been mandated as custodian and fund services provider by US-based asset manager DoubleLine Capital for its new Luxembourg UCITS umbrella.
The new umbrella has initially launched with two sub funds, with potential further sub funds being introduced in 2017, and is aimed at allowing DoubleLine to mirror successful strategies it has in the US and market those to European investors.
Carol Hughes, head of client services, securities services, HSBC in Luxembourg, says: “We are delighted through the expertise we have in administering Luxembourg UCITS funds to be able to support DoubleLine as they expand
- 05/05/2017
Hedge funds investing in emerging Asia, specifically in India and China, posted the strongest quarterly performance since Q2 2015, benefitting from improving investor expectations for global growth and favourable currency market trading in Q1 2017.
That’s according to the latest HFR Asian Hedge Fund Industry Report which reveals that the HFRX India Index surged 19.05 per cent in Q1, its strongest quarterly gain since 2Q09, and topping Indian equity performance, as measured by the BSE Sensex 30 Index, by 780 basis points, leading all HFR indices for the quarter.
Despite the strong performance, total capital invested in Asian-focused hedge
- 05/05/2017
RIXML.org has created an Interactions Working Group that brings buy-side, sell-side and vendor firms together to create an open standard for capturing the inter-firm interactions required under the second Markets in Financial Instruments Directive (MiFID II).
This new open standard is designed to facilitate the process of capturing the data necessary to comply with MiFID II’s requirements for paying for advisory services.
The Interactions Working Group, consisting of representatives from numerous RIXML.org member firms, has already spent a great deal of time determining exactly what information needs to be captured for each inter-firm interaction. It is now working to
- 04/05/2017
Pryor Cashman has added partner Anthony Schouten (pictured) to the firm’s investment management group.
Based in New York, Schouten (pictured) maintains an integrated corporate practice with a focus on structured finance and derivatives. He joins the firm from Winston & Strawn, where he was a partner.
“We are committed to providing the highest quality, end-to-end service for our clients, and Anthony’s unique skillset perfectly complements our current offerings and builds upon the talents of our team. He is highly respected in the field and we are thrilled to welcome him to the firm,” says Ronald H Shechtman, Pryor Cashman’s
- 04/05/2017
The European Energy Exchange (EEX), part of Deutsche Börse Group, has closed on its acquisition of Nodal Exchange.
Through this acquisition, EEX Group enters the North American energy trading markets, thereby expanding its global presence and membership base in line with its growth strategy.
“With the acquisition of Nodal Exchange we are taking the next step towards our vision of EEX Group as a global commodity exchange,” says Peter Reitz (pictured), chief executive officer of EEX.
“Nodal Exchange has enjoyed significant growth in recent years and we are very excited to build on this as part of EEX
- 04/05/2017
- 04/05/2017
Eze Software Group has enhanced its Eze Portfolio Accounting module with a Reconciliation Summary dashboard.
The tool provides a view of all reconciled and unreconciled positions, transactions and cash balance grids to help funds better automate the reconciliation process and lower collateral risk. Additionally, Eze has bolstered its fund accounting expertise.
The Reconciliation Summary dashboard is one of many features of Eze Portfolio Accounting aimed at making reconciliations simpler, easier and more accurate. Users can view all of their reconciled and unreconciled positions by fund and custody account, and filter the information further by fund and currency. The dashboard
- 04/05/2017
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