Latest News
A month after being granted a licence to provide professional depositary services from its Luxembourg office, Elian has appointed Kerstin Lindgren (pictured) as manager of depositary services in the firm's funds depositary team.
Lindgren’s main focus will be to develop the depositary services offering for alternative investment funds in Luxembourg.
Lindgren has 15 years’ experience in the investment fund industry, particularly in depositary, global custody and stock lending services. She has previously held roles with Skandinaviska Enskilda Banken (SEB) in Stockholm and Luxembourg. Before joining Elian she was head of custody services at SEB SA, where she worked for more
- 10/11/2015
Options, a provider of cloud-based IT services to hedge funds, private equity houses, investment banks, trading firms and broker-dealers, is to offer TraderServe’s exchange emulated test environment, AlgoGuard as a managed solution.
AlgoGuard is a solution for the testing of trading algorithms in line with the European Securities and Markets Authority's recent final submission on regulatory technical standards for the financial instrument directive, MiFID II. The MiFID II requirements, which become mandatory from 3 January 2017, necessitate that all trading firms certify that their algorithms have been tested to ensure that they do not create or contribute to disorderly trading
- 10/11/2015
Stifel Financial Corp is to acquire Eaton Partners, an independent, partner-owned hedge fund and private equity fund placement and advisory firm.
Eaton's extensive relationships with private equity firms, hedge funds, high net worth family offices, and institutional investors is a growth opportunity for Stifel to leverage both its investment banking platform and its high net worth private client business, which will include the previously announced Barclays Wealth Americas business upon closing in the fourth quarter of 2015.
Eaton has over 60 employees across six offices and relationships with over 4,000 of the largest active institutional investors. Since Eaton's inception
- 10/11/2015
New York-based alternative investment firm Angelo, Gordon & Co has appointed Jenny Morton (pictured) as a Managing Director, Head of Consultant Relations.
”Angelo Gordon is excited to create this new position,” says Garrett Walls, Global Head of Marketing. “As the consulting firms we work with evolve it is very important to understand each individual firm’s needs and the needs of their clients. With Jenny’s 25-plus years in the industry, most of which has been focused working with consultants, she is well-equipped to address this challenge.”
Morton says: “I have known of and respected Angelo Gordon for many years and
- 10/11/2015
Hedge fund managers are experiencing the ripple effects of new regulations on banks and prime brokers, with hedge funds facing increased trading fees and broader changes to business relationships.
These dynamics place additional pressure on margins and are leading managers to seek new growth strategies, according to The evolving dynamics of the hedge fund industry, EY's 2015 Global Hedge Fund and Investor Survey.
Regulations such as Basel III and Dodd-Frank have caused banks and their prime brokerage businesses to focus more closely on liquidity, balance sheet capacity and funding, resulting in changing economics for fund managers who finance trades
- 10/11/2015
Affiliated Managers Group (AMG) is to acquire an equity interest in South African hedge fund firm Abax Investments with the firm’s senior partners continuing to hold the majority of the equity of the business and direct day-to-day operations.
With approximately USD5.4 billion (ZAR74 billion) in assets under management as of September 30, 2015, Abax specialsed in South African equity, fixed income, and strategic and tactical asset allocation strategies, as well as a separate global equity strategy. Abax employs a disciplined, fundamental research approach to investing in companies with strong potential earnings growth over the medium and long term, and has
- 10/11/2015
S&P Dow Jones Indices launches the Dow Jones Sustainability Europe Diversified High Beta High Dividend Index which is designed to measure high income liquid stocks with high historical beta within the Dow Jones Sustainability Europe Diversified Index.
The Index has also been designed for tradability and has been licensed to UBS for product development.
The Index contains 50 of the high yielding high beta companies within the Dow Jones Sustainability Europe Diversified Index, which in turn is part of the Dow Jones Sustainability Diversified family of indices (DJSI Diversified).
The DJSI Diversified family is maintained collaboratively by S&P
- 09/11/2015
Emergence and NewAlpha Asset Management (NewAlpha) have made a strategic investment in Fideas Capital (Fideas) with Emergence’s long-only European equity sub-fund investing EUR35 million in Fideas’ quant-driven European equities fund.
Fideas’ smart beta range of funds have seen assets under management double in the last two years and the firm now manages over EUR400 million.
This ‘smart beta’ investment process aims to minimise volatility by focusing on individual risks that are weakly correlated. Fideas believes this approach optimises the risk reward properties of the portfolio by effectively reducing the global risk of the portfolio without having to miss out
- 09/11/2015
The attitudes of fund managers in Europe towards the Alternative Investment Fund Managers Directive (AIFMD) are continuing to evolve as managers increasingly get to grip with risk management and reporting, according to new research.
The conclusions of the ‘Changing Structure of Alternative Asset Management’, conducted by IFI Global and sponsored by fund and corporate service provider Crestbridge, were launched at a special Forum attended by more than 100 senior industry professionals in London recently. Hosted by Simon Osborn (CEO, IFI Global), the event featured a range of experts from the European funds landscape including Daniela Klasén-Martin (Managing Director, Crestbridge Luxembourg).
- 09/11/2015
Last week, markets focused on welcoming encouraging October economic releases, factoring possible non-US central banks actions, digesting a more hawkish Fed and jumping into the rally.
- 09/11/2015
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