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JTC has added significantly to its global fund servicing capabilities with the major acquisition of Kleinwort Benson’s Fund Administration business in the Channel Islands and South Africa.
The transaction, which relates to the whole of Kleinwort Benson’s Fund Administration business in Guernsey, Jersey and South Africa, will give JTC its first permanent presence in South Africa, grow its global headcount by 40 per cent to a total of around 450, and augment its existing strengths across the alternative investment fund spectrum, including the private equity, debt and real estate asset classes.
Upon completion of the deal, the new business will
- 03/07/2015
Titan Advisors has completed the acquisition of Saguenay Strathmore Capital (SSC), a fund of hedge funds business with a 13-year track record and an emphasis on credit-related strategies.
SSC's expertise in credit complements Titan's long history of success in the liquid long/short equity and global macro/CTA sectors. The deal brings together two highly complementary businesses where the combined entity will be an even more powerful investment engine, offering clients access to expertise, due diligence capabilities and customised solutions across long/short equity, global macro and fixed income hedge fund strategies.
SSC was founded in 2002 by former Bankers Trust executives Brian
- 03/07/2015
Taliance, an analytics software provider in the alternative investment marketplace, has selected Hipercept, to serve as its channel partner for North and South America.
Taliance’s software solution, GlobalAsset, complements the technology infrastructure of alternative asset investment firms through real-time, dynamic forecasting, scenario modelling, and consolidated analytics capability for the front and middle office. Using GlobalAsset, customers in over 16 countries have demonstrably improved the performance of their international investment portfolios.
“Alternative asset investment firms worldwide have long demanded fund and asset analytics technologies that are able transcend the obvious shortcomings of home-grown spreadsheets and disparate data,” says Damien Georges
- 03/07/2015
Total trading volume in June for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE) was 99.2 million contracts.
This represents an increase of 16 per cent from May 2015 and a decrease of 1 per cent from June 2014.
Total options and futures average daily volume (ADV) at CBOE Holdings for June was 4.5 million contracts, an increase of 6 per cent from May 2015 and a decrease of 5 per cent from June 2014.
CBOE's ADV for the month was 4.0 million contracts, up 6
- 03/07/2015
A couple of years ago, the title Chief Information Security Officer, or CISO for short, was a foreign concept within the hedge fund community. The winds have changed, however, as hedge funds become increasingly targeted by cyber hackers, causing many to hire a CISO to uphold the network integrity of the firm.
But what exactly should a hedge fund CISO be looking for when assessing the security of a SaaS provider in this fight against cyber sabotage?
Ken MacCuish is ideally placed to shed some light on this. He is the Senior Vice President and CISO at Intralinks, Inc. Prior
- 02/07/2015
As part of the ongoing recruitment drive, Carmignac Gestion has boosted its fund management team with the arrival of a senior fund manager, David Older.
Older, who will work in London alongside Edouard Carmignac (pictured) commencing 1 July, will be in charge of global fund exposure to Communications, Media, Internet and Information Technology. He will also contribute to generating investment ideas for other Carmignac funds.
Carmignac says: "Thanks to David Older joining our team alongside our analyst Tim Jaksland, we are significantly increasing our investment expertise in Communications, Media, Internet and Information Technology stocks, four key sectors in our
- 02/07/2015
ICAP, a markets operator and provider of post trade risk mitigation and information services, has appointed Jenny Knott (pictured) as CEO Post Trade Risk and Information Services.
Knott joins ICAP from leading African financial services group Standard Bank Group where she was CEO of Standard Bank Plc and CIB International, and most recently Strategic Advisor to the Group CEOs.
Standard Bank is Africa’s largest banking group by assets and earnings. While at the company, Knott held a variety of roles including Global Corporate and Investment Banking Chief Financial Officer, and Chief Operating Officer. Prior to this Jenny worked at Nomura
- 02/07/2015
CME Group saw agricultural products reached a record of 2,873,291 in trading volume on 30 June, 2015, surpassing the previous record of 2,856,869 set on 26 June, 2015.
CME Group also confirmed records in daily trading volume for the following CBOT grain and oilseed products:
• Combined Corn futures and options volume reached 1,122,398, compared to the previous record of 1,091,950 set on 26 June, 2015.
• Corn futures reached 845,770, surpassing the previous record of 796,786 on 26 June, 2015.
• Combined Soybean futures and options volume reached 722,777, compared to the previous record of 649,908 on 26 June,
- 02/07/2015
Societe Generale Securities Services (SGSS) has launched “Gateway”, its Irish UCITS platform solution which is designed to support asset managers seeking to establish and market UCITS in Europe.
The solution provides access to an investment fund structure, Gateway UCITS Funds, which allows asset managers to establish UCITS compliant funds as separate sub funds within this umbrella structure. Sub funds can be established quickly and marketed independently.
With significantly lower start-up and running costs, asset managers can benefit from a model which is more cost efficient than establishing a standalone fund. The funds also benefit from an infrastructure that offers
- 02/07/2015
- 02/07/2015
For any hedge fund manager, winning a mandate from a sovereign wealth fund (SWF) is the Holy Grail. These are the biggest institutional investors on the planet and also offer, potentially, the stickiest capital given their multi-year investment horizons.
One should therefore take encouragement from the fact that SWF allocations to hedge funds have steadily risen from 31 per cent in 2013 to 33 per cent today, according to the latest research by Preqin in their Hedge Fund Spotlight June report. But the fact remains that SWFs remain under-allocated to the asset class; 60 per cent do not invest at
- 02/07/2015
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