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Geneva-based asset manager Quaero Capital has appointed James Hepworth as head of sales for the UK, charged with building relationships with UK institutional investors from the firm’s London office.
Hepworth, 53, joins Quaero Capital in April from Paris-based Asset Managers & Advisors, where he was a founder and managing director from 2009. The firm created JVs on both sell-side equity research and fund raising for international asset managers including private and public market strategies.
Previously Hepworth was a senior vice president and head of European sales for Jefferies International in Paris.
Hepworth has also worked for ABN Amro
- 26/04/2017
- 26/04/2017
EEX Group sales revenue rose by 23 per cent to EUR234.2 million in 2016, as the group strengthened its core markets, increased its geographic reach and expanded into new business fields.
“As a result of our group-wide strategy, we were able to significantly increase our trading volumes in all markets and achieve new records in sales revenue and earnings before tax (EBT),” says Peter Reitz (pictured), chief executive officer of EEX.
Iris Weidinger, chief financial officer of EEX, adds: “We achieved this result through organic growth in our existing markets. The power and gas markets, in particular, contributed to
- 26/04/2017
Markov Processes International (MPI), a fintech provider of tools and services for analysing investment performance and risk, has appointed Bijan Foroodian (pictured) as managing director of EMEA.
Based out of London, he will be responsible for MPI's overall business and client relationships across EMEA.
Foroodian has over 20 years’ experience in the global fund industry with specific focus in the UK, Japan and the US. Prior to MPI, he was chief investment officer for Inflection Point Capital Management and, before that, Innovest Strategic Value Advisors acting as chief investment officer and managing director. In those capacities, he was instrumental in developing
- 26/04/2017
- 26/04/2017
Otkritie Capital International’s FX Prime has seen a 96 per cent increase in turnover volumes since its full scale rollout 12 months ago.
The volumes consist of all activity across more than 10 FX venues, including electronic communication networks (ECNs) and liquidity providers (LPs) which have been added to the list available for clients, which covers majority of FX liquidity globally in G10 and major emerging currencies.
The existing and short-term scheduled product set includes cash FX (both non-disclosed and disclosed) and non-deliverable forwards (NDFs). Mid-term plans also include FX synthetic instruments like CFDs and access to non-disclosed FX
- 26/04/2017
Fund and corporate services provider the Aztec Group has strengthened its real assets team in Luxembourg with the appointment of Stephen Osmont as associate director.
In this new role, Osmont (pictured) will lead the real assets teams in Luxembourg, with overall responsibility for the relationship management activities of those teams.
Osmont will also play an active role in helping to drive the continued growth of the group’s Luxembourg office which has grown from 49 to 152 employees in the last 12 months. He will work closely alongside the business development team to build and enhance relationships with local intermediaries,
- 26/04/2017
Ultimus Fund Solutions, an independent provider of mutual fund, pooled investment and middle office services, has appointed Bill Tomko as an executive vice president, director of fund servicing.
Tomko has nearly 30 years of third party fund administration experience, including time spent servicing mutual funds, hedge funds and private equity funds.
His varied executive experience includes operations, relationship management, strategic planning and sales.
In this new role at Ultimus, Tomko will be responsible for fund accounting, financial administration, transfer agency, new client implementations and relationship management.
Gary Tenkman (pictured), COO and managing director of Ultimus, says: “I
- 26/04/2017
Elliott Management, led by its Menlo Park affiliate Evergreen Coast Capital, has completed an investment in ASG Technologies, a Florida-based enterprise IT software company with products in content management, systems management, workspaces and enterprise data intelligence.
Elliott intends to invest additional capital in ASG going forward to support the company’s ongoing organic growth strategy and to bolster growth through acquisitions.
Enterprises are facing a complicated set of challenges when it comes to both understanding and optimising the information that flows throughout their organisations. ASG Technologies provides the software solutions businesses need to overcome these challenges by enabling streamlined information
- 26/04/2017
New York-based hedge fund firm Gondor Capital Management maintained its strong performance in 2017 as its funds, the domestic Gondor Partners LP and the offshore fund Gondor Funds LTD posted strong gains, outperforming their respective benchmarks.
In his monthly report to his investors, Gondor Capital portfolio manager Vincent Au says Gondor Partners LP gained 7.93 per cent while Gondor Funds LTD returned 7.29 per cent in the first quarter of 2017, beating their benchmark, with the HFRI Equity Hedge gaining only 3.62 per cent during the same period.
Month-to-date, Gondor’s funds also beat the average hedge funds with the
- 26/04/2017
Managed futures traders lost 0.44 per cent in March, according to the Barclay CTA Index compiled by BarclayHedge.
Year to date, the index is down 0.75 per cent.
Due to divergent trends, four of Barclay’s CTA indices recorded gains in March, while four had losses. The Currency Traders Index was up 0.65 per cent, Agricultural Traders gained 0.58 per cent, Financial/Metals Traders were up 0.37 per cent, and Discretionary Traders added 0.16 per cent.
In the loss column, Diversified Traders were down 1.15 per cent, and Systematic Traders gave up 0.68 per cent.
“Rejection by Dutch voters
- 26/04/2017
The US CFTC has added 71 names to its Registration Deficient (RED) List, which contains the names of unregistered foreign entities that the CFTC has reason to believe are soliciting and accepting funds from US residents at a retail level for trading in binary options or foreign currency.
These 71 new additions bring the total number of foreign entities on the RED List to over 110.
Registration is no guarantee against fraud or mismanagement by an otherwise unscrupulous firm; however, registration does bring a higher level of security and accountability to the public.
For example, registration enables the
- 26/04/2017
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