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Principal has hired Suresh Singh as head of funds distribution for Asia, based in Singapore.
Singh will be responsible for introducing the capabilities of Principal’s investment boutiques, covering specialities in equities, fixed income, real estate and alternatives, to key intermediaries, fund selectors and investment platforms.
Singh reports to the firm’s global head of wealth advisory services Nick Lyster and head of the south-east Asian region Celestine Khoo.
Prior to joining Principal, Singh was at BlackRock where he was responsible for the build-out of the dedicated wealth and asset management relationship management team for iShares ETFs, covering clients in
- 19/10/2016
The Managed Funds Association (MFA) will host Commodity Futures Trading Commission (CFTC) chair Timothy G Massad at the Outlook 2016 Conference.
Massad will make a keynote address at the association’s annual leadership conference in New York on 21 October.
More than 400 investors, policymakers and other stakeholders are expected to attend this year’s conference, which will focus on public policy, institutional investors, global markets and key trends that foster change in the alternative investment industry.
- 19/10/2016
Financial and corporate communications consultancy Citigate Dewe Rogerson has launched an investor relations (IR) advisory service for alternative investment managers.
In addition, it has appointed Hyacinth Chu (pictured) as director in its New York office.
Prior to joining Citigate, Chu was director of marketing and investor relations for two hedge funds: Alpha4x Asset Management, which employed a discretionary global macro strategy, and Serendiv Capital, which managed an event driven and equities strategy.
Chu was also a managing director at Atrato Advisors, an investment consultant specialised in hedge fund research and custom portfolio construction. Prior to that, Chu was
- 19/10/2016
IPC, a provider of secure, compliant communications and networking solutions for the financial markets community, has extended its Financial Markets Network service portfolio to its Connexus platform.
The IPC Financial Markets Network portfolio includes data connectivity solutions consisting of the Connexus Extranet, Connexus Ethernet and Connexus WAN as well as voice solutions consisting of Connexus Voice and Trader Voice services.
IPC’s Financial Markets Network interconnects global financial centres and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.
“With the rapid growth in the number and types of market participants
- 19/10/2016
Asset management has always been an information-based business and as such, managers are not immune to facing innovative and disruptive forces making inroads in other industries.
Such is the pace of technological innovation, and data volume, that fund managers now have the chance to leverage the same predictive capabilities as used by Google (and other search engines) into their organisations to better understand investor behaviour and derive insights across all facets of their business. But it’s no easy task. To do so requires having a clear data strategy in place to build value and ultimately improve the client experience.
- 19/10/2016
Abacus Group, a provider of hosted cloud IT solutions for alternative investment funds, has opened a second London data centre.
Tom Cole, director of client services and business development in London, says the new data centre will allow Abacus to provide resilient services to current clients and expand its capabilities to onboard more alternative investment funds.
Abacus currently serves 18 funds in the UK and more than 300 globally. The company’s employee count recently exceeded 100.
Abacus, co-headquartered in San Francisco and New York, is adding London to its growing list of locations in Boston, Charlotte, Greenwich, Los
- 19/10/2016
- 19/10/2016
The October 2016 Eurekahedge Report finds that over September 2016 hedge funds recorded their fifth month of investor redemptions pushing net investor allocations into the red for the year with USD8.7 billion outflows.
As of September 2016 year-to-date, this has been the steepest year-to-date redemptions since 2009. Nonetheless, investors have been selective in their allocations across strategies with CTA/managed futures and multi-strategy hedge funds seeing stronger subscriptions.
The USD207.5 billion event driven hedge fund space has seen USD14.0 billion investor redemptions over the past nine months, the strategy’s steepest YTD outflows on record and up from USD1.5 billion outflows
- 19/10/2016
Bill Salus has launched consultancy firm Paddock Consultancy, which aims to assist financial services companies with growth and management challenges.
New York based Salus (pictured) has over 30 years of experience in executive management in the investment and asset servicing industry.
Most recently global chief executive officer for Apex Fund Services, he has also held senior positions at BNYMellon, PNC Global Investment Servicing, KeyCorp and Security Pacific Bank and was a member of the ICI International Operations Advisory Committee.
Salus says: “Setting up Paddock feels like a natural step for me at this time. There is currently a great
- 19/10/2016
Clearpool Group, a service provider of electronic trading software solutions and independent agency broker dealer execution services, has joined the IPC Financial Markets Network.
IPC's community of financial market participants around the world can now access Clearpool's Algorithmic Management System and Clearpool's Execution Management System.
Several institutional investors, asset managers and commercial banks are currently using IPC's advanced connectivity, communications and collaboration solutions to access Clearpool's services.
"Our innovative trading technologies provide transparency and control to market participants in today's rapidly evolving market microstructure," says Ray Ross (pictured), chief technology officer, Clearpool Group. "We are delighted to join
- 19/10/2016
The Depository Trust & Clearing Corporation (DTCC) has appointed Timothy Keady as managing director of DTCC Solutions and Sales & Solution Delivery.
Keady (pictured) assumes responsibility for leading DTCC’s solutions businesses of derivatives, collateral, institutional post-trade processing (Omgeo products), entity data (Avox Data Services) and data products, including DTCC’s joint venture companies of Clarient Global, DTCC-Euroclear Global Collateral and Soltra.
He retains his current responsibilities as chief client officer for leading the company’s sales, relationship management, and marketing and communications functions.
Keady succeeds Donna Milrod, who is leaving the firm in November.
He will report to Mike Bodson,
- 19/10/2016
- 19/10/2016
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