Latest News
RueOne Investments, an alternative asset manager that offers institutional asset owners and family offices direct investment opportunities, has appointed Michael Caro as director of partnerships.
Caro, who is also a partner in the firm, is responsible for overall business development – cultivating relationships with RueOne's asset manager partners and global investor base.
Caro brings extensive buy and sell side experience and relationships and a 15-year track record in institutional sales and client relations, with particular expertise working with esoteric investments and less liquid assets.
Caro joins RueOne from Canaccord Genuity where he was a vice president in the
- 16/08/2016
Eze Castle Integration has expanded its cybersecurity consulting services for investment firms and will now offer vulnerability assessments, penetration testing and third-party due diligence audits to all firms across the investment industry.
Eze Vulnerability Assessments cover both internal and external network activities while Eze Penetration Testing Services work to test defences and uncover potential weaknesses.
For third-party due diligence audits, Eze Castle tailors analysis to the client-vendor relationships and goes deeper than the common one-size-fits-all checklist-type questions.
“Eze Castle Integration is recognised as the trusted technology advisor to the hedge fund and investment management industry. This role mandates
- 16/08/2016
The International Commodities and Derivatives Association (ICDA) is hosting a Best Execution & Analytics event in Engelberg, near Zurich on 29 September.
Designed by and for market professionals from both the sell side and buy side as well as trading venues and industry vendors, the event will be held in association with itarle AG, a provider of multi asset algorithmic trading and analytics services for the sell-side.
Dr Paul Lynch (pictured), CEO of itarle, says: “Optimising execution costs, improving execution consistency and price performance has been top of the agenda for many firms in this industry for quite a
- 16/08/2016
Crestline Specialty Lending (CSL), a part of the opportunistic investment group of credit-focused institutional alternative asset manager Crestline Investors, is supporting benefitexpress’ add-on acquisition of benefitsCONNECT.
benefitexpress, headquartered in Schaumburg, Illinois, provides a cloud-based Software-as-a-Service platform for employee benefits and health exchanges. The company provides software and services, including benefit enrolment, management and administration, billing services and a call centre, to employers across the US.
benefitexpress was formed in 2001 and is a current portfolio company of LLR Partners, a Philadelphia-based private equity investment firm.
"Since completing the investment with LLR, benefitexpress has been committed to building on
- 16/08/2016
Chicago Board Options Exchange (CBOE) has launched the CBOE-SMA Large Cap Index (SMLC Index), the first of a series of sentiment-based strategy benchmark indexes that measure short-term market momentum based on Social Market Analytics’ (SMA) social media metrics.
CBOE announced in June that it entered into an exclusive licensing agreement with SMA to develop a series of sentiment-based strategy benchmark indexes. Each index in the CBOE-SMA Index suite will track the performance of a portfolio of stocks or options referenced to a defined universe of stocks.
Chicago-based SMA is a provider of actionable intelligence from social media sources.
- 16/08/2016
Some hedge funds and endowments are re-evaluating their allocations to hedge funds, according to a survey by NEPC, which reveals that high fees, underperformance and transparency are major concerns.
The Q2 2016 NEPC Endowment and Foundation Poll, a measure of endowment and foundation confidence and sentiment related to the economy, investing and market performance, includes a special focus on how endowments and foundations view hedge funds.
“While hedge funds play an important role in many institutional portfolios, the last several years have been difficult for the industry and investors are starting to look very closely at how hedge funds
- 16/08/2016
BCS Global Markets, a securities broker on the Moscow Exchange, has made five senior hires in its investment banking services team to drive the expansion of the group.
The five hires are all experienced financial services professionals, who will help to further develop the investment banking division at BCS Global Markets. The team has grown to a total of 13 professionals at all levels.
Igor Ushakov, managing director, will run BCS Global Markets’ mining and metallurgical division. He has over 10 years of experience in investment banking. Prior to joining BCS he held a position of director at Sberbank
- 15/08/2016
Loan and bond administrator GLAS has expanded its operations to Asia with the opening of a new office in Singapore headed by Paul Wilden.
The move has been driven by an increased demand for alternative loan and paying agency, and escrow service providers as banks reduce their involvement in the market.
GLAS offers a wide range of administration services to lenders, borrowers, issuers and advisers across the loan and debt markets, specialising in complex deals including loan and bond restructurings. These services have been used by Atlas Iron, Consolidated Minerals and 3i Infotech since GLAS was established in Europe
- 15/08/2016
- 15/08/2016
The hedge fund industry posted overall returns of 2.17 per cent in July, the fifth consecutive month of positive performance and largest cumulative period of gains since May 2013, with the industry returning 6.96 per cent since the beginning of March.
As a result, 2016 YTD returns now stand at 3.67 per cent, and 12-month performance has returned to positive territory for the first time since December, at 1.58 per cent.
All leading strategies posted positive returns for the month, with equity strategies (+2.78 per cent) and event driven strategies (+2.71 per cent) in particular making gains.
For
- 15/08/2016
Bay-Area based investment management company HonTe Investments has appointed Joann Shie-Chen as operations manager, responsible for furthering the design and implementation of HonTe’s institutional-grade, operations platform.
Shie-Chen joins from over six years in operations and compliance at Sensato Investors, a USD4 billion investment adviser.
Previously, she held relationship management positions at both Barclays Global Investors and Goldman Sachs.
HonTe’s chief executive Christopher Lutton says: “We are thrilled that Joann has joined the HonTe team; she has the necessary knowledge, experience and professionalism to further our high operational standards. We will continue to build infrastructure around her, which
- 15/08/2016
- 15/08/2016
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