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The Hedgeweek Global Awards 2017 for excellence among hedge fund managers and service providers celebrate the achievements of firms that contributed to another significant year for the sector.
The winners, who were presented with their awards in London today (3 March), were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors. The final winners in both the manager and service provider categories were confirmed by the Hedgeweek team.
The industry's achievements are reflected in the winners of
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Needham & Company has added key research, sales and sales trading professionals in healthcare services research; Boston equity sales; corporate access origination and client strategy; event-driven, special situations and merger arbitrage sales; and sales trading.
Kevin Caliendo, managing director, recently joined the firm. He brings 20 years of Wall Street experience, primarily on the buy-side, analysing and investing in the healthcare industry. Caliendo spent the past two years at Deimos Asset Management as a portfolio manager. Prior to that, Caliendo was a healthcare portfolio manager at SAC Capital, FrontPoint Partners, and Clearbridge Advisors.
Patrick “Pat” Malloy, managing director, has
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FinTech company Convergence has launched Advisor Complexity Profile, designed to address the challenge of operational and business model transparency in the alternative asset management industry.
Complexity aims to provide insight into all the major alternative asset classes, including hedge funds, private equity, real estate, venture capital, and structured asset funds, incorporating approximately 8,300 managers in more than 50 countries, and assigns each of them a high, medium or low complexity profile.
It is designed to meet the needs for improved transparency and analysis for all the major industry participants: investors and asset allocators, assets managers, and service providers.
- 03/03/2017
ETF specialist Elston Consulting has licensed its Elston Strategic Beta Global Minimum Volatility index (ESBGMV) to Commerzbank for the creation of an investable certificate that tracks the index.
The certificate is issued with an initial notional of GBP10 million.
Whereas most minimum volatility indices relate to a single asset class such as global equities, Elston’s approach was to launch an index that targeted the minimum volatility portfolio created from a globally diversified range of asset classes represented by low cost iShares exchange traded funds (ETFs).
The objective of providing diversified, differentiated returns with downside risk mitigation makes this
- 03/03/2017
Lyxor Asset Management has partnered with Wells Fargo Asset Management (WFAM) to launch the Lyxor/Wells Capital Financial Credit Fund, adding a credit specialist to its alternative UCITS platform.
The fund concentrates primarily on fixed income credit instruments of global financial sector companies, with a European focus.
The strategy invests across the capital structure of financial companies including senior, subordinated and contingent convertible bonds while hedging currency risk.
The investment philosophy is based on the conviction that fundamental credit research, combined with active asset allocation within a risk controlled framework, has the potential to generate sustainable returns over the
- 02/03/2017
Bitcoin exchange Kraken has acquired charting and trading platform Cryptowatch, which is used by traders to chart over 150 markets in real-time and trade up to 22 digital assets.
Cryptowatch has seen rapid growth in the past two years, increasing its active user-base by 700 per cent.
Cryptowatch founder Artur Sapek is joining Kraken to both continue developing Cryptowatch and lead the development of Kraken’s interface.
"In just two years Cryptowatch grew into one of the pillars of the digital asset trading community,” says Sapek. “Teaming up with an exchange was the natural next step, and Kraken was
- 02/03/2017
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The California Hedge Fund Association (CHFA) has adopted the California Alternative Investments Association (CalALTs) as its new brand name.
The 1,200 member organisation, which focuses on fostering growth and advancing the development of California’s alternative investment community, rebranded in response to the strong demand from a broader group of alternative investment managers and a new focus on bringing together and serving a wide range of alternative investment managers across the state of California and beyond.
“As California continues its exponential growth as an alternative investing hub, we have expanded our mandate to represent the interests of, and foster growth
- 02/03/2017
The London Metal Exchange (LME) and LME Clear have announced a competitive fee schedule for their precious metals contracts, with nine LME clearing members having already expressed their intention to trade and clear the contracts.
The LME developed the LMEprecious fee schedule together with its partners – the World Gold Council, Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale – following discussions with a broad range of potential new users of the contracts.
“We believe that our trading and clearing fees for LMEprecious are price leading in the precious trading and clearing space, which we
- 02/03/2017
Canadian hedge fund manager Arrow Capital Management has completed the merger of the Exemplar US High Yield Fund into the Exemplar Growth and Income Fund.
Unitholders approved the merger on 21 February 2017 at a special meeting, while on 27 February the fund also received regulatory approval.
The merger was completed after the close of business on 28 February 2017.
- 02/03/2017
Turquoise has extended the QuantHouse real-time primary market data feeds to its Turquoise Plato midpoint matching services, including Turquoise Plato Block Discovery, to cover securities of 18 European countries, including those recently added emerging markets Czech Republic and Hungary.
Dr Robert Barnes, CEO Turquoise, says: “QuantHouse provides bid and offer prices from primary markets which Turquoise references within its Turquoise Plato order book innovations such as Turquoise Plato Block Discovery, Turquoise Plato Uncross, and Turquoise Plato Dark Lit Sweep that offer investors benefits of potential price improvement when trading using a midpoint reference price for a better result on a
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