Latest News
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
Peter Clarke, a former chief executive officer (CEO) of Man Grroup, is to join the board of RWC Partners as a non-executive Director. Clarke currently serves on the boards of Lombard Odier and AXA UK and is Chairman of Lancashire Holdings.
Nicky Richards, Global Head of Equities for Schroders, who have a 43 per cent shareholding in RWC Partners, was recently appointed non-executive Chairman of the firm.
Dan Mannix, CEO of RWC Partners, says: “Our Board is an essential component of the strategic decision making framework underpinning RWC Partners’ objective to provide market leading, sustainable investment management services. This
- 27/06/2016
Foreside Financial Group, a provider of distribution and compliance services for open- and closed-end funds, exchange traded products, commodity pools, private placements, investment advisers and registered broker-dealers, has acquired Beacon Hill Fund Services,
Financial terms of the transaction, which is expected to close on 31 July, have not been disclosed.
In operation since 2008, Beacon Hill provides a variety of business management services to both US and non-US investment managers. With a staff of 22 professionals, Beacon Hill provides services to 19 clients with 144 funds and USD28.6 billion in assets.
“The acquisition of Beacon Hill brings together some of
- 24/06/2016
- 24/06/2016
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