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Family Office Networks is expanding its hedge fund division to help a select group of emerging and established investment managers raise assets from the fast-growing family office sector.
"New managers typically rely on 'friends and family' money or perhaps a key investor to launch their fund. Once they've launched, however, they want allocations from family offices but find them to be hard to identify and get in front of to tell their story. That's where we come in. Our group has a global network of 7,000 family offices and we understand the investment preferences of every one of them," says
- 10/01/2017
itarle UK, a provider of multi-asset best execution technology, has appointed Tom Middleton to head its quantitative services department.
A Cambridge PhD and Olympic rower, Middleton was a founder member of the team developing the first set of algorithms at Citigroup.
He went on to lead the team from 2005 to 2009 while building Citi’s European smart order router (SOR) from scratch and looking after the release of CitiMatch (EMEA), which went on to become one of the most successful dark pools in Europe.
Between 2010 and 2016, Middleton held roles in quantitative trading and quantitative risk management
- 10/01/2017
BGC Partners, a brokerage company servicing the financial and real estate markets, has appointed Arran Rowsell as head of credit strategy in London.
Rowsell will report to Tony Warner, executive managing director and head of BGC's brokerage business in London.
Rowsell will oversee the coordination of credit strategy across BGC Partners, Mint Partners and RP Martin in the UK. He worked most recently as a head of flow credit trading for several major sell‐side US and European banks, including Commerzbank, Barclays and Credit Suisse. Earlier in his career, he worked in credit trading at Goldman Sachs and Lehman Brothers.
- 10/01/2017
- 10/01/2017
CBOE Holdings has priced an underwritten public offering of USD650 million of its 3.650 per cent Senior Notes due 2027.
The offering is expected to close on 12 January 2017, subject to customary closing conditions.
CBOE Holdings estimates that the net proceeds from the offering will be approximately USD643 million, after deducting the underwriting discount and estimated offering expenses.
CBOE Holdings intends to use a portion of the net proceeds from the offering to fund, in part, the previously announced acquisition of Bats Global Markets, including the payment of related fees and expenses and the repayment of Bats'
- 10/01/2017
- 10/01/2017
Hedge funds posted gains across all strategies in December, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and US interest rates increased into year end.
According to data from HFR, the FWC advanced 1.1 per cent in the month, bringing the annual return to +5.6 per cent and the Index Value to 12,966, surpassing the prior record from May 2015 and the highest value since inception in January 1990. The HFRI Asset Weighted Composite Index (AWC) meanwhile, also gained 1.1 per cent in December. In a year
- 10/01/2017
Semper Capital Management, a privately-owned New York-based boutique fixed-income investment manager, has appointed Zach Cooper, formerly Semper's deputy chief investment officer, as chief investment officer.
Cooper, who will continue as one of the firm's senior portfolio managers, replaces Jay Menozzi who has retired from the industry following his 16-year tenure at Semper Capital Management.
"I'm looking forward to continuing to support Semper's strong growth and performance across our suite of structured credit products, in collaboration with our exceptional team of investment professionals. The value in the non-agency mortgage sector along with other structured credit sectors persists and may be even
- 10/01/2017
- 10/01/2017
Alternative Investments Forum (AIF) has appointed veteran institutional investor Melissa Waller as president of its newly formed AIF Institute.
The AIF Institute is the branch of AIF dedicated to educating institutional asset owners about the use of alternative investments such as private equity, private credit, hedge funds, real estate and real assets to achieve their portfolio objectives.
Waller (pictured) joins AIF following her service as deputy treasurer and chief of staff for the North Carolina Department of State Treasurer, where she oversaw strategic planning, operations, policy implementation and a staff of more than 400 employees. The North Carolina Retirement Systems,
- 10/01/2017
Ultimus Fund Solutions has surpassed USD50 billion in client assets serviced.
During 2016, Ultimus helped 11 advisers launch 15 new mutual funds.
It also managed the conversion of 12 clients with 36 mutual funds and over 50 separately managed accounts and private funds from other service providers.
“Ultimus enjoyed an incredible year of growth,” says Bob Dorsey (pictured), CEO and managing director of Ultimus. “We began the year with the extraordinary transition of the former Huntington Asset Services (HASI) book of business onto our service platform, which included services to collective investment funds and other pooled vehicles. In
- 10/01/2017
Bloomberg BNA has released a new tax management portfolio that focuses on tax considerations for structuring estate planning transactions with carried interests in hedge funds and private equity funds.
The portfolio, Wealth Planning with Hedge Fund and Private Equity Fund Interests and Related Section 2701 Issues, was written by attorneys Todd Angkatavanich, David A Stein and Andrew Haave of Withers Bergman.
The amount of capital under management by private equity and hedge fund managers continues to increase dramatically and, under the current US transfer tax regime, that wealth can be subject to significant taxation either at death or when otherwise
- 09/01/2017
The Depository Trust & Clearing Corporation (DTCC) has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology (DLT) framework to drive further improvements in derivatives post-trade lifecycle events.
The firms will work to re-platform DTCC’s Trade Information Warehouse (TIW), building a derivatives distributed ledger solution for post-trade processing based on existing TIW capabilities and interfaces with technology providers and market participants.
The TIW service currently automates the record keeping, lifecycle events, and payment management for more than USD11 trillion of cleared and bilateral credit derivatives.
The solution will enable DTCC and its
- 09/01/2017
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