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Standish Mellon Asset Management Company, the fixed income specialist for BNY Mellon Investment Management, has appointed Vincent Reinhart (pictured) as Chief Economist.
Reinhart, who will report to David Leduc, Standish's Chief Executive Officer and Chief Investment Officer, will serve as a key resource for Standish's investment team and support developing the firm's macro framework which is a key part of Standish's investment process across all strategies.
"We are delighted to have someone of Vincent's caliber and expertise to further strengthen our global macroeconomic research platform. He will provide additional scope to our team based investment process and will support
- 04/03/2016
100 Women in Hedge Funds (100WHF) has announced that Big Brothers Big Sisters Cayman (BBBS) has been designated as its 2016 Cayman Beneficiary.
100WHF Cayman aligns its yearly objectives to a global theme that rotates on an annual basis to ensure the greatest impact on the local community; for 2016, the theme is Mentoring. BBBS is a local charity that promotes its mentoring objectives by pairing dedicated adult volunteers with those children in the community that could most benefit from an enriching one-to-one mentoring relationship.
Commenting on the selection, Pilar Bush, Chair of BBBS, says: “Big Brothers Big Sisters Cayman
- 04/03/2016
After a strong start to the year in January, Societe Generala Prime Services’ managed futures strategies continued to deliver positive performance across the board, with all CTA indices posting gains in February,
The SG Short-Term Traders Index posted the highest monthly return of all the indices at 3.16 per cent, whilst the more broad-based SG CTA Index is the leader year-to-date, up 7.20 per cent. February’s 2.90 per cent return sets a new monthly high watermark for the CTA Index, surpassing the previous equity high set at the beginning of 2015.
Attribution data from the SG Trend Indicator, which
- 04/03/2016
Did you know that large parts of Canada have less gravity than the rest of planet earth? Sadly, this random fact does not apply to the country’s currency over the past three years. If anything it feels like there’s more, not less gravity on the Loonie than any other G7 currency in the world. Yet, if you are opportunistic, Sanostro believes the Canadian dollar is one of the most attractive buying opportunities out there…
Take a quick look at the not so pretty fundamentals. Energy contributes about 40 per cent of Canada’s GDP. The country has the third largest oil
- 04/03/2016
- 04/03/2016
Conifer Financial Services (Conifer), a provider of fund administration, middle office, and tax services to the asset management industry, has hired industry veteran Jeff Strauss as Managing Director in its New York Business Development team.
Jack McDonald, CEO of Conifer, says: ”We are thrilled to have someone of Jeff's experience and expertise join our team. My partners and I have known Jeff for years and view him as a true leader in the Fund Services industry. Given the significant opportunities we see before us, I am highly confident that Jeff will meaningfully contribute to Conifer's success in the years ahead."
- 04/03/2016
Franklin Square Capital Partners has provided a USD260 million unitranche term loan to support the acquisition and combination of Trover Solutions and Equian by New Mountain Capital, a New York-based alternative investments firm that manages approximately USD15 billion of private equity, public equity and credit assets.
The financing was provided by FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II (FSIC II) and FS Investment Corporation III (FSIC III), BDCs managed by affiliates of Franklin Square and sub-advised by GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP (GSO).
The combination of Equian and Trover
- 04/03/2016
Maples Fiduciary, a division of MaplesFS and a provider of specialised fiduciary and corporate administration services, has opened an office in Hong Kong, completing the Maples group’s offering in the region.
"With the use of Hong Kong companies in the types of structures that typically rely on the Maples group for various services, the launch of our Hong Kong office is a natural extension of our offering across multiple jurisdictions," says Hugh Thompson, Global Head of Fiduciary at Maples Fiduciary. "We are continually assessing and reshaping our business to address changing market demands and look forward to providing existing and
- 04/03/2016
- 04/03/2016
Broadridge Financial Solutions has been named as "Best Risk Management Software Firm" at the Hedgeweek Global Awards 2016, which are voted on by industry participants and recognise excellence among hedge fund managers and global service providers.
The winners are determined by votes cast by Hedgeweek readers, including institutional and high-net-worth investors as well as managers and other industry professionals at fund administrators, prime brokers, custodians and advisers.
"Broadridge has a long history of providing solutions to help our clients grow and manage their business, and we are very excited to be recognised by our clients, prospects and competitors for our risk
- 04/03/2016
Sentiment overall is positive for hedge fund industry growth with investors forecasting a 3.5 per cent increase in AuM during 2016, according to the 8th Annual Credit Suisse Hedge Fund Investor Survey.
If accurate, this projection would push industry assets over USD3 trillion with an upper quartile forecast for USD3.2 trillion by year end.
Some 87 per cent of investors indicated that they would maintain or increase their hedge fund allocations in the coming year. Within that universe, insurance companies identified themselves as being most underweight hedge funds (compared to institutional peers), which could allow for further growth.
- 04/03/2016
Oaktree Capital Group, has opened an office in Sydney, Australia. Byron Beath, Managing Director, will lead investment activities in the region.
Beath joined Oaktree in 2016 to focus on investment opportunities for the Global Principal Group in Australia and New Zealand, a region in which he has extensive experience. Prior to Oaktree, Beath spent fifteen years with Macquarie Bank Limited, where he was most recently a director in the Corporate and Asset Finance division.
Matt Wilson, Managing Director and Co-Portfolio Manager of Oaktree’s Global Principal Group says: “Oaktree has strong relationships and a long history of investing in Australia
- 03/03/2016
- 03/03/2016
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