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Greenstone Equity Partners, a fund placement firm based in the Middle East, has hired Sean Kearney as chief operating officer and Khalid Alkelabi as managing director, investor relationships.
Kearney (pictured) is an emerging markets banking professional with a 23-year career devoted to identifying and managing risk. His key responsibilities will include operations team leadership, lead-managing the implementation of internal control framework enhancements, running regulatory processes and overseeing strategic change management.
Prior to joining Greenstone, Kearney worked for a decade at UBS in London and Dubai. In his last position with the firm as group COO, Middle East and North
- 05/01/2017
- 05/01/2017
Boutique asset manager 361 Capital has launched the 361 US Small Cap Equity Fund, which is designed for investors who are looking for opportunities to boost their returns through small cap exposure.
Stemming from 30 years of research, the fund’s approach is based on a quantitative process that seeks to take advantage of earnings estimate revisions by investment analysts.
The strategy was launched nine years ago and was previously only available through institutional separate accounts.
The fund is managed by 361’s co-chief investment officer John Riddle (pictured) and managing director and portfolio manager Mark Jaeger.
“This is
- 05/01/2017
The relationship that broker-dealers and registered investment advisors have with pension investors is set to be turned on its head on 10 April 2017 when the Department of Labor introduces the DOL Fiduciary Rule.
In short, what this means is that brokers and advisors will have to demonstrate that they are acting in their clients’ best interests at all times. This may sound surprising to some but as CNBC highlighted in a recent article, the White House Council of Economic Advisers estimates that conflicts of interest by investment advisors leads to USD17 billion in lost income every year for most
- 04/01/2017
Five out of six of MV Index Solutions’ (MVIS) investable long/short equity indices recorded a positive performance in December.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The MVIS North America Long/Short Equity Index led the way with a return of 1.45 per cent.
This was followed by the MVIS Asia (Developed) Long/Short Equity Index (1.34 per cent), the MVIS Western Europe Long/Short Equity Index (0.54 per cent, the MVIS Emerging Markets Long/Short Equity Index (0.49 per cent); and the MVIS
- 04/01/2017
Peter Brown has been appointed head of funds at RBS International to drive the expansion of the bank’s offering to the alternative funds sector.
Brown (pictured) has more than 25 years’ experience in corporate and institutional banking, and most recently headed up the RBS Financial Institutions Group in the UK, which included the RBS funds banking business in London.
Prior to that, he was one of the founding members of the RBS mid-market leveraged finance business, delivering multi-million-pound buyout transactions alongside key private equity sponsors.
Brown now leads a funds banking team that supports more than 1,000 fund
- 04/01/2017
- 04/01/2017
Dash Financial is to merge with LiquidPoint to create a new trading technology solutions provider focused on the options and equities markets.
Dash Financial is an institutional trading technology, execution and analytics provider, while LiquidPoint is a provider of options technology and routing services to the sell-side and exchange communities.
Private equity firm GTCR will be contributing LiquidPoint from portfolio company Convergex to merge it with Dash.
The combined entity will operate as Dash Financial Technologies and be majority owned by GTCR. It will have a 13 per cent market share in the US options agency execution space. The independent
- 04/01/2017
The pace of technological change is unrelenting. The Internet of Things and the rise of the gig economy are changing the way that businesses and consumers interact with each other. It is therefore incumbent upon the asset management industry to embrace technological change and reimagine what is a tried and tested business model. More than ever, fund managers are having to innovate to operate more efficiently, more transparently, and in closer harmony with their end investors.
As this report will show, there are five disruptive technological trends (as defined by five key companies) today that have, over recent years, prompted global
- 04/01/2017
Timothy G Massad has tendered his resignation as chairman of the US Commodity Futures Trading Commission (CFTC) to President Obama, effective 20 January 2017.
Massad (pictured) issued the following statement:
“For the past two and a half years, I’ve had the privilege of working alongside the very talented CFTC staff, and I thank them for their dedication on behalf of the American people. I also want to express my appreciation to my fellow commissioners, Sharon Bowen and Chris Giancarlo, for the constructive and collaborative engagement we have had throughout my tenure. I am also very grateful to President Obama
- 04/01/2017
- 04/01/2017
Marble Point Credit Management has acquired American Capital CLO Management (ACCLOM), an investment manager with approximately USD3.4 billion in assets under management across eight collateralised loan obligation (CLO) vehicles as of December 2016.
The acquisition is expected to provide meaningful benefits to Marble Point and accelerates its business plans and objectives. The transaction will also diversify and significantly expand Marble Point’s investor base.
“The acquisition of the ACCLOM platform represents a significant milestone in Marble Point’s development,” says Thomas Shandell (pictured), chief executive officer of Marble Point. “We believe investors globally will seek to increase their exposure to the
- 04/01/2017
Law firm Akin Gump has elected 10 new partners, effective 1 January 2017.
The 10 individuals and their respective office locations are Gerald Brant (New York), Olivia Chung (New York), Olivier De Moor (New York), Sophie Donnithorne-Tait (London), Mahmoud (Mac) Baki Fadlallah (Dubai/Washington, DC), Jaisohn Jungbin Im (New York), Allison P Miller (New York), Daniel L. Moffett (San Antonio), Alexander Specht (New York) and Annisah Iman Um’rani (Washington, DC)
“The lawyers promoted to partner this year are a very talented and diverse group of individuals,” says Akin Gump chairperson Kim Koopersmith (pictured). “I know they will continue to work tirelessly
- 04/01/2017
- 04/01/2017
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