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JonesTrading Institutional Services has appointed Andrew Volz as a managing director, head of prime services based in New York. In this role, Volz will be responsible for leading the expansion of the firm’s prime brokerage business – focusing on alternative investment managers, institutional investors, and family offices.   Alan Hill, CEO of JonesTrading, says: “Andrew’s appointment is another key step in our strategic plan to build a leading institutional brokerage platform offering prime services and global outsourced trading, through our global trading network. Andrew’s leadership of our prime services group builds on our 40 years of client-focused, relationship based services
Donald A Steinbrugge, CFA, Founder and CEO of Agecroft Partners has written a new paper asking if the capital markets are headed for a major correction and whether hedge funds will help or hurt?  Steinbrugge writes that while major corrections of the capital markets are a risk that investors always need to consider, the question is not if, but when will it happen. He asks: “Investors need to consider: What is the probability of it happening in the near future? How big will the correction be? How long will it last? Am I prepared to ride it out, or is
Fund administration group Centaur is increasing its product offering and expanding its global footprint by opening an office in Bermuda. It follows a recent move for Centaur’s European headquarters to larger offices in Dublin’s International Financial Services Centre to accommodate the tenfold increase in employees that Centaur has experienced over the past six years.   The firm now has offices in Dublin, New York, London, Bermuda, and Cayman.   Karen Malone (pictured), founding partner of Centaur, says: “This is an exciting time for Centaur, which has steadily expanded on the back of exceptional performance. Our latest service location in Bermuda
Specialist financial services group JP Integra Group has announced the expansion of the firm’s services, targeting the private capital sector with a wider offering.  The firm has also announced international business growth plans with the launch of a US representation in order to be closer to clients based in the Americas.  The firm writes that to better-reflect the diversified offering it can provide to global family offices, high-net-worth individuals and investment managers, the firm has changed its name to “JP Integra Group” from “JP Funds Group”, under which they had operated since 2007.   The expansion of the firm’s offering
Multifonds, a provider of single-platform, multi-jurisdictional investment fund software, has appointed Keith Hale (pictured) as the firm’s new chief executive. Hale will assume the new role as Multifonds moves to the next stage of expansion into new markets and increasing the asset class and fund structure coverage of its fund administration software.   He replaces former Multifonds CEO Oded Weiss, who will retain a strategic advisory position providing senior counsel to key clients on global initiatives.    Sern Tham, Multifonds’ global head of R&D, and the rest of the management team remains unchanged.   Hale joined Multifonds in 2010 as
FlexTrade Systems, a provider of multi- asset execution management systems, has launched TradeGuide – a way of visualising and presenting trade data in the company’s FlexTrader multi-asset execution management system (EMS). TradeGuide is a series of pre-defined web components sitting directly in the FlexTrader multi-asset EMS. It offers pre-trade and in-flight feedback on orders.   TradeGuide draws in data from multiple sources, which is interpreted with conclusions presented in an easy to digest format.   Rather than rely on the traditional row and column table format, TradeGuide introduces a new way of visualising trade data.   The initial release of
Scipion Capital, a commodity trade finance investment manager, has appointed Paul Baker as head of trade finance to oversee all of the company’s trade functions. In this newly created role, he will report to the firm’s chief investment officer, Nicolas Clavel.   Baker (pictured) brings to Scipion 30 years’ experience in identifying, structuring and closing trade finance facilities.   Before joining Scipion, Baker spent eight years at Sumitomo Mitsui Banking Corporation Europe (SMBC), where he was an assistant general manager in the firm’s structured trade and commodity finance department. Prior to this, Baker was director for metals and mining in the
Lyxor Asset Management has appointed Laurent Renaud as chief executive in Japan, effective immediately. He replaces Toshiro Kubozono who has retired after nine years in the role.   Based in Tokyo, Renaud (pictured) reports to Lionel Paquin, chief executive officer of Lyxor Asset Management, and locally to Raphael Cheminat, group country head for Japan, Societe Generale.   In his new role, Renaud manages Lyxor’s subsidiary in Japan. His main task is to develop Lyxor’s franchise locally, through building on Lyxor’s strengths – particularly in ETF and indexing and in multi-management – and further enhancing cross-selling opportunities with the large client base of
The European Energy Exchange (EEX) has conducted the first primary market auction under the new CAP2 contract on behalf of the participating 25 EU member states. In the auction, 3,664,000 EU Allowances (EUAs) were sold at a price of 4.02 Euro/EUA.   The total bidding amount was 6,705,000 EUA which means that participants demanded more than two-fold the determined volume.   In July, the European Commission has signed a contract with EEX and its clearing house European Commodity Clearing (ECC) for running European-wide primary market emissions auctions for another period of up to 5 years. Until the end of this
August was characterised by muted volumes and volatility across most asset classes. Hedge funds generated small, positive returns, with the HFRX Global Hedge Fund index gaining 0.2 per cent for the month.   GAM portfolio manager Anthony Lawler, says: “The headline hedge fund index eked out a small gain and continues its winning streak, now positive for each of the past six months. However, the strategy level indices generated mixed performance, with event driven traders the main beneficiaries of ongoing market stability, while the HFRX Macro/CTA Index was a notable detractor as several trends stalled and reversed.”   The HFRX

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