Latest News
Pavilion Financial Corporation (Pavilion), a North American based employee-owned, investment services firm, plans to acquire Altius Holdings Ltd, the parent company of Altius Associates Ltd. and Altius Associates (Singapore) Pte Ltd (Altius Associates), a global private markets advisory and separate account management firm with offices in the UK, US and Singapore.
The transaction is expected to close in the third quarter of this year subject to regulatory approval.
Pavilion will combine the operations of Altius Associates with LP Capital Advisors, LLC (LPCA), the alternative asset advisory subsidiary of Pavilion headquartered in Sacramento, California. The combination will be highly complementary,
- 28/06/2016
Traiana, a provider of pre-trade risk and post-trade processing solutions, has seen a threefold growth in allocation volumes via its Harmony Equity Swaps service.
The platform achieved growth of 185 per cent between May 2015 and May 2016, following strong growth of 144 per cent over the same period the prior year.
The Harmony Equity Swaps solution is designed to reduce the cost and complexity of post-trade processing for the contract for difference (CFD)/equity swaps market by providing a central, automated and secure electronic messaging and matching service to buy and sell side firms, outsourcers, trade repositories and CCPs.
Growth
- 28/06/2016
How behavioural analysis can serve as a meaningful supplement to the hedge fund due diligence process, potentially exposing key insights about hedge fund managers that might ordinarily remain hidden, is the focus of a new white paper from TeamCo Advisors.
The paper, entitled, “Behavioural Analysis: Seeing What Is Left Unsaid,” was co-authored by TeamCo Managing Director Aimee F Kish, CAIA and Leanne ten Brinke, PhD, a Banting Postdoctoral Fellow at University of California, Berkeley.
TeamCo Advisers is a privately owned investment advisory firm that manages portfolios of select hedge funds and other opportunistic alternative assets.
In collaboration with Dr ten
- 28/06/2016
Pzena Investment Management has promoted Gary J Bachman to the newly created role of Chief Operating Officer (COO), effective 1 July. Bachman will assume oversight of the operations of Pzena Investment Management, LLC and will also be named to its Executive Committee effective as of 1 July.
Jessica R Doran will assume the position of Chief Financial Officer and Treasurer, after having spent several years in various roles at Pzena. Ms. Doran will report to Bachman and Bachman will report to Pzena’s Chairman and Chief Executive Officer, Rich Pzena.
“Gary has tremendous expertise in our industry and I am
- 28/06/2016
Citadel has appointed Steven Lieblich as Chief Technology Officer of the firm’s hedge fund business.
A 30-year veteran of Morgan Stanley, Lieblich has served in a series of senior technology roles, most recently as Morgan Stanley's Chief Information Officer. Steve will report to Citadel's Founder and CEO Kenneth C Griffin, and will join the firm this fall.
Before serving as Chief Information Officer for Morgan Stanley, Steve's tenure at the firm included leading the technology division of its Institutional Securities Group, which included investment banking and sales and trading operations. He previously led the Equity Technology Group and the technology
- 28/06/2016
Hedge fund managers navigated intense volatility on Friday as the Brexit vote resulted in massive dislocations across global currency, equity, commodity and fixed income markets, most specifically reflected in Sterling’ steep decline against the Dollar and the Yen.
Hedge fund performance was mixed across strategies with wide dispersion and high turnover, as losses across directional beta strategies were partially offset by mixed performance in non-directional and trend following strategies. UK-based hedge funds manage an estimated USD426.4 billion (£ 323 billion British Pound Sterling), roughly 80 per cent of the USD527.6 billion managed by all European located hedge funds.
The HFRX
- 28/06/2016
- 28/06/2016
Larry Hatheway (pictured), Group Chief Economist and Head of Multi Asset Portfolio Solutions at GAM, looks at what happens next following the UK’s vote to leave the EU…
The UK’s historic referendum has, predictably, sent powerful shockwaves through global capital markets. Intra-day volatility in sterling, European equities and selected other asset classes has approached or even exceeded that seen during the most turbulent episodes of the global financial crisis. The market moves – particularly the sharp fall of sterling – are very much in line with the estimates made by most economists and strategists in their Brexit scenarios.
What
- 27/06/2016
- 27/06/2016
EDHEC-Risk Institute has released an overview and analysis of the forthcoming framework to be used by financial institutions to determine initial margin (IM) and variation margin (VM) payments when trading non-cleared over-the-counter (OTC) derivatives.
The new publication – Initial Margin for Non-Centrally Cleared OTC Derivatives – Overview, Modelling and Calibration – was produced by the research chair on “Innovations and Regulations in Investment Banking” which is supported by the Fédération Bancaire Française (FBF).
Coming into effect in September 2016, this new framework was set out in 2015 and is based on the recommendations of the BCBS/IOSCO Working Group on Margin
- 27/06/2016
JO Hambro Capital Management Limited (JOHCM) has strengthened its US presence with the appointment of three senior professionals.
This summer, Phil Dever, Michelle Donley Holmes and Jonathan Weitz will be joining JOHCM’s US headquarters in Boston.
Dever, who serves as a managing director of North American client service, is focused on servicing JOHCM’s institutional client base in North America, which is a key geographic focus for the firm. He brings more than 25 years of experience in client service and relationship management, helping to strengthen business relationships and exceed client expectations. He recently was the director of client service and
- 27/06/2016
Baring Asset Management (Barings) has launched the Baring Dynamic Absolute Return Fund, which will use long and short strategies to target a market neutral return. It will be managed by James Ind, supported by a multi asset investment team.
The launch builds on Baring Asset Management’s 13 years’ experience of running successful multi asset strategies and complements the firm’s extensive multi asset product range. Barings was one of the first firms to offer a multi asset fund with its flagship Dynamic Asset Allocation Fund and has since broadened its portfolio with products such as the Multi Asset Fund, the Dynamic
- 27/06/2016
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