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The New York office of global law firm K&L Gates LLP has added Bruce MacLennan as a partner in the investment management, hedge funds and alternative investments practice. He joins K&L Gates from Holland & Knight LLP.
MacLennan counsels clients on complex international business transactions with a focus on the structuring and formation of private investment funds, including private equity, real estate, venture capital, and hedge funds, as well as unique investment vehicles. He also advises on investments in private funds and on related transactions such as private equity and venture investment deals, mergers and acquisitions, joint ventures, strategic alliances,
- 06/11/2015
After a strong September, CTA strategies posted lower returns across the board in October 2015, with all managed futures indices calculated by Societe Generale Prime Services in negative territory.
The Newedge CTA index was down 1.15 per cent in October (from 1.17 per cent in September) bringing year-to-date performance to -1.18 per cent.
Short Term Trader returns were mixed, resulting in slightly negative index performance of -0.31 per cent, but representing a large return dispersion between individual managers.
Trend followers experienced the difficult market conditions in October most strongly, with the Newedge Trend index ending down 2.45 per
- 06/11/2015
Hawksford has boosted its corporate and private client offering with the promotion of two managers with over 40 years’ combined industry experience to associate director roles – Christine Simpson in the private client team and Sian Huish in the corporate team.
Simpson, joined Hawksford as a manager within the private client team in April having previously worked for Capco Trust. She is a member of the Society of Trust and Estate Practitioners (STEP) with more than 25 years’ experience in the offshore finance industry. In her new role Simpson will have responsibility for driving Hawksford’s high standards of client service
- 05/11/2015
- 05/11/2015
Miki Sugimoto and Matthew Hannay have joined London-based hedge fund and long-only manager RWC Partners’ Global Horizon team, which is led by Louise Keeling.
Sugimoto brings over 10 years’ experience on the buy-side from Veritas, where she was an assistant fund manager to the Real Return Asia Fund, and Newton Investment Management where she was Director of Japanese Equity. She holds a BScEng in Computer Science from Imperial College London.
Hannay joins from Baillie Gifford where he worked for three years and spent time on the Global Income, Developed Asia Equities and North American Equities desks as part
- 05/11/2015
Duco, a London-based fintech provider of hosted reconciliation services, is setting up its European regional headquarters in Luxembourg. The move follows the opening of Duco's North American regional headquarters in September and continued investment in its global base in London.
Duco Chief Executive Officer and Co-Founder Christian Nentwich, PhD, says: "Following a very successful 18-month growth period where we built our client base from zero to 28 financial and service organizations, the recent significant 'series B' investment by ICAP and the establishment of our New York office, expanding further into Europe was the logical next step."
Michael Marconi, Duco Chief
- 05/11/2015
- 05/11/2015
With some of the biggest names in private equity real estate raising ever larger funds, this extract from Preqin Real Estate Spotlight looks at how emerging managers are faring in the fundraising market and how investor appetite for new firms is changing.
The fundraising environment for emerging managers* seems especially daunting in recent times amid intense competition for fundraising; managers lacking an established track record are finding it difficult to gain traction and secure institutional investor commitments. Larger, more experienced real estate firms, however, have been securing ever greater proportions of fundraising, but has this been at the expense of
- 05/11/2015
smartTrade Technologies has added a margin credit functionality to its end-to-end low latency FX trading platform, LiquidityFX.
smartTrade's LiquidityFX platform has seen increasing adoption by a large variety of clients looking to move from their incumbent platforms to a flexible non-volume based priced solution and has led to a growing demand for a margin credit extension.
The margin credit extension is fully integrated in smartTrade’s LiquidityFX and complements its existing risk management features, giving clients the ability to immediately access additional advanced functionalities. This extension allows end clients to trade larger amounts, leveraging their cash margin, while brokers can monitor and
- 05/11/2015
Academy Securities, a registered broker-dealer and certified Disabled Veteran Business Enterprise, has appointed Quinten Stevens as its new Head of Equities and Equity Capital Markets. Stevens has also been appointed to Academy’s Board of Directors.
Stevens brings with him a wealth of experience having spent the last 29 years in the financial services industry, including senior management leadership positions in investment management, capital markets and investment banking.
Since 2010, Stevens has been Managing Partner of Stevens Asset Management and is the Chief Investment Officer. Stevens Asset Management manages a long short equity hedge fund. In conjunction with Stevens joining
- 05/11/2015
Investcorp has acquired the hedge fund of funds business unit of SSARIS Advisors, a manager of absolute return hedge fund strategies and hedge fund of funds strategies headquartered in Wilton, Connecticut.
Four key members of SSARIS' hedge fund of funds investment team are joining Investcorp this week in New York. The investment management of absolute return hedge fund strategies will remain with SSARIS.
With this business unit's approximately USD800 million in discretionary and advisory assets, and clients across the US, Europe and Asia, this acquisition will help grow Investcorp's existing Hedge Funds platform and is consistent with its long
- 05/11/2015
Dovish language from the European Central Bank and language from the US Federal Open Market Committee, interpreted as positive on growth while remaining data dependent, drove markets higher last month, according to the latest Hedge Fund update from GAM.
Global equities rallied strongly with the MSCI World index up 8.0 per cent while the VIX, the so-called fear index, continued to decline from its August high. This continued decline of the VIX implies that investors are less concerned about shocks to the current slow-and-steady growth and low inflation environment and therefore are comfortable again owning risk assets. The US dollar index
- 05/11/2015
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