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Offshore law firm Appleby has appointed Alex Brainis as a partner in the Investment Funds group, in the firms’ Cayman Islands office. Managing Partner, Bryan Hunter, says: “On behalf of the partners, it is my pleasure to extend a warm welcome to Mr Brainis as he joins us from Toronto. He is the second partner to join the Investment Funds team in the past six months, and we are confident that his vast experience in this space ranging from legal expertise, client relations and business development to fund administration will be of great benefit to the firm.” Brainis joins Appleby
American Beacon Advisors, a provider of investment advisory services to institutional and retail markets, has launched the American Beacon GLG Total Return Fund.  The American Beacon GLG Total Return Fund is managed in an absolute-return style focused predominately in fixed income instruments of issuers that are economically tied to emerging market countries. The Fund’s sub-advisor, GLG (Man GLG) employs a primarily bottom-up and top-down investment process in which country credits, currencies and local rate curves are analysed for relative value. Man GLG, a wholly owned subsidiary of Man Group, is a discretionary investment manager offering absolute return and long-only funds
NFA President and CEO Daniel Roth has announced his plan to retire in the coming year. NFA's Board of Directors has authorised the formation of a committee to conduct a search for his successor. The search will consider both internal and external candidates. Roth (pictured) joined NFA, a self-regulatory organisation for the US derivatives industry, in September 1983 as an attorney and has held a number of positions with increasing responsibilities, including General Counsel, Executive Vice President and Chief Operating Officer. In January 2003, Roth began his tenure as President and CEO. "I'm proud of all that NFA has achieved
FactSet Research Systems is to sell its market research business focused on advisor-sold investments and insurance, consisting of Market Metrics and Matrix Solutions, to Asset International, a portfolio company of Genstar Capital.  The total purchase price is approximately USD165 million, subject to certain working capital adjustments, with an additional earn-out of USD10 million based on the achievement of certain growth targets over the next two years. “This transaction is consistent with our long-term strategic direction and our commitment to delivering value to our shareholders,” says Phil Snow, Chief Executive Officer of FactSet. “We appreciate the efforts of the dedicated employees
The asset management industry faces a ‘triple whammy’ of challenges in 2016 – comprising a growing threat from disruptors, a tsunami of regulation and market turmoil – according to a new industry survey from Multifonds. Multifonds’ annual ‘Every Fund survey’, which surveyed fund managers and administrators who manage and service assets exceeding USD27 trillion and USD19 trillion respectively, highlights the key challenges and concerns facing the asset management industry today.   Over half (54 per cent) of respondents believe a new game changing disruptor, such as Amazon or Google will enter the market in the next two years.   The
Broadridge Financial Solutions has appointed Stephanie Clarke (pictured) to the role of senior vice president of Global Market Intelligence within its Mutual Fund and Retirement Solutions business based in London.  Clarke's hire underlines Broadridge's commitment to grow its competitive intelligence business following the acquisition of the Fiduciary Services and Competitive Intelligence Business from Thomson Reuters in 2015. This latest hire focused on Europe, Middle East, Africa and Asia is part of Broadridge's strategy to continue developing its analytics and market intelligence solutions for mutual fund manufacturers, ETF issuers and fund administrators globally. Broadridge's intelligence solutions provide financial services firms with
The SS&C GlobeOp Forward Redemption Indicator for May 2016 measured 4.38 per cent, up from 2.94 per cent in April. "Looking at the year over year comparison, SS&C GlobeOp's Forward Redemption Indicator for May 2016 was 4.38 per cent, an improvement from the 4.68 per cent seen a year ago for May 2015," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "So far in 2016, four of the first five monthly Forward Redemption Indicator readings have come in lower than the corresponding months of 2015, indicating that investors continue to show confidence in their hedge fund allocations."
BlackRock has named Mark Wiseman as incoming Senior Managing Director and a member of the firm’s Global Executive Committee (GEC).  Wiseman will become Head of BlackRock’s Global Active Equity business and will become Chairman of the BlackRock Global Investment Committee, the investment sub-committee of the GEC. He will also help support BlackRock Alternative Investors. Wiseman will report to Robert S Kapito, President of BlackRock, and will join the firm in early September. Wiseman currently serves as President & Chief Executive Officer of CPP Investment Board, which manages approximately CAD280 billion on behalf of the Canada Pension Plan and its 19
EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, has completed a rebrand of the product formerly known as MyTreasury and launched EBS Treasury as a cash and FX liquidity management centre for treasurers.  As announced in July 2015, EBS Treasury has now gone live with a new FX offering, fully integrated into the new platform to act as a single gateway to multiple markets.    EBS BrokerTec has added new FX functionality onto the EBS Treasury platform to support the trading of FX spot, forwards and swaps, leveraging FX pricing from EBS Direct – EBS BrokerTec’s disclosed
SYZ Asset Management, the institutional asset management division of the SYZ Group, has appointed Cédric Vuignier (pictured) as Head of Manager Research & Alternative Investments, and Bertrand Dord, as senior analyst.  Vuignier will take up his position on 1 June 2016, replacing Michaël Malquarti, who is taking his career in a new direction. A joint handover period until the end of June will enable a smooth transition between the two managers.   Based in Geneva, Vuignier has over 14 years of experience in alternative investments research and selection, of which 12 years were with HSBC (2000-2012) in New York and

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