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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
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
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
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
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
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
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
Hedge fund compensation experienced mixed trends in 2015 as a challenging performance environment in the third quarter offset industry-wide gains from the first three months of the year, according to the 2016 Glocap Compensation Report. The report, which is published in conjunction with HFR, suggest that volatile Q3 performance will likely contribute to lower bonuses for the most highly compensated, performance-sensitive roles including senior portfolio managers, traders and executives. Partially offsetting this trend, compensation and base salaries for mid- to lower-tiered employees, including analysts, operations and technology, increased in 2015, consistent with broader trends in US employment.   Glocap is
Average daily transaction value on the Euronext cash order book stood at EUR7,735 million in October (-5 per cent compared with October 2014), marking a return to a normalised volume environment. Activity in October 2014 was the highest level since August 2011, boosted at that time by volatile market conditions.    Activity on ETFs remained particularly dynamic during October 2015 with an average daily transaction value at EUR597 million, up 16 per cent compared to the activity peak of October 2014.   The average daily volume on equity index derivatives was down at 201,379 contracts (-39 per cent compared with
Systematic Hedge fund manager Cantab Capital Partners and The University of Cambridge are launching a new institute which is aiming to push the boundaries of information science. Established through philanthropic support of GBP5 million from Cambridge-based Cantab Capital Partners, the Cantab Capital Institute for the Mathematics of Information will sit within the University’s Faculty of Mathematics and will draw on fundamental techniques from mathematical sciences to tackle head on the challenge of deciphering meaning in the reams of data which surround us.   Bringing together some of the world’s leading academics in various related disciplines to advance understanding on multiple

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