Latest News
The latest Hedge Fund Tracker analysis from S&P Global Market Intelligence shows the top funds managed approximately USD150 billion in equity holdings, up from the USD141 billion under management in the first quarter.
These funds also decreased the number of positions to 399 in the second quarter from 408 in the second quarter, breaking last quarter’s record as the fewest stock positions held since S&P Global Market Intelligence began tracking this data in 2014. Information technology and healthcare sectors were the biggest net sells for the top ten hedge funds.
“Like other market participants, hedge funds were at the
- 17/08/2016
Corporate credit specialist Muzinich & Co has added to its European syndicated loans team with the appointment of Torben Ronberg, Stuart Fuller, Sam McGairl and Alex Woolrich.
Muzinich & Co says expansion of its team forms part of a global effort to invest across the capital structure and provide compelling investment opportunities for investors.
The trio joins from ECM Asset Management, a subsidiary of Wells Fargo.
- 17/08/2016
Red Deer, a London-based FinTech company, has appointed Stefano Vaccino as chief product officer and Henry Price as chief commercial officer.
Vaccino joins Red Deer from Algomi, where he was chief product officer and a member of the executive team. Prior to this he co-founded the design company OltreDesign as well as spending six years as an executive director at Goldman Sachs. At Red Deer he will oversee product strategy and manage the entire development prioritisation process.
Price joins Red Deer from Traiana, a market infrastructure technology firm for trade processing and risk management, where he was head of product,
- 17/08/2016
Interest rate swap trading platform trueEX has built a solution to provide execution for Brazilian Real (BRL) interest rate swaps cleared at CME Group.
The launch follows CME Group's Q4 2015 launch of BRL interest rate swaps clearing, which has cleared more than BRL250 billion in notional from 25 market participants.
Through the collaboration, clients will be able to execute new risk, terminate or compact positions and process their positions directly at CME Group. BRL swaps traders will also be able to directly query their existing positions at CME via trueEX, just as they can with the 18 other
- 17/08/2016
The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke, suspend, or place restrictions on the registration of Steven A Cohen of Greenwich, Connecticut.
The CFTC simultaneously issued an opinion and order accepting Cohen’s offer of settlement and settling the action.
The CFTC order immediately restricted Cohen’s registration as an associated person (AP) of SAC Capital Advisors. Additionally, pursuant to the order, Cohen agreed not to engage in any activity requiring registration with the CFTC or to act as an officer or employee of any person registered or required to be registered with the CFTC
- 17/08/2016
Franklin Square Capital Partners is consolidating its brands under the name FS Investments, with its affiliated broker-dealer FS2 Capital Partners becoming FS Investment Solutions.
The transition coincides with the firm's expansion of its alternative investment solutions, as well as its education and distribution platforms.
An abbreviation of Franklin Square, “FS” precedes the names of the firm’s investment funds – FS Investment Corporation (FSIC) and its three successor funds, FS Energy and Power Fund and FS Global Credit Opportunities Fund – as well as its co-managed operating company, FS OneEquity. Since 2011, FS Investments has been the firm’s brand for all investor
- 17/08/2016
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
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