Latest News
Alternative investment and asset management firm Garrison Investment Group has selected iLEVEL to manage the firm’s portfolio data and streamline their reporting process.
Founded in 2007, Garrison Investment Group focuses on deploying capital in opportunities across corporate finance, financial assets, and real estate. Garrison will initially implement iLEVEL for their Business Development Company (BDC) and Corporate Lending funds.
“As our BDC and Corporate Lending businesses continue to grow, we recognise the need for a system to help us analyse portfolio data and report to our investors with greater efficiency and transparency,” says Michelle Rancic, Chief Accounting Officer, Garrison Investment
- 06/05/2015
Euronext has accelerated its transition plan following the announcement by Dominique Cerutti of his resignation on 22 April, by appointing Jos Dijsselhof as interim Chief Executive Officer (CEO).
The appointment is effective immediately, pending relevant regulatory approvals. As a result of this decision, the Board and Cerutti have jointly decided that Cerutti will leave the company immediately.
Rijnhard Van Tets, Chairman of the Supervisory Board of Euronext, says: “The Board of Euronext decided, having accepted Dominique Cerutti’s resignation from the company, that it would be in the best interests of all parties to act swiftly and to appoint a
- 06/05/2015
- 06/05/2015
Alternative investment manager Lexington Partners has renewed a three-year agreement, or "smartnership," with the Happy Hearts Fund to jointly rebuild three schools in Latin American countries.
This marks the second three-year pledge that Lexington Partners has made to Happy Hearts Fund. Lexington's initial pledge, in 2012, has resulted in the rebuilding of three schools for 1,086 children. In 2012, Lexington contributed toward the rebuilding of the Divino Nino Jesus School for 720 children in the region of Chincha, Peru. In 2013, Lexington contributed toward the rebuilding of the Jose Maria Pino Suarez School for 186 children in the region of
- 06/05/2015
Candriam Investors Group, a European multi-specialist asset manager, has launched a new absolute return Systematic Long Short Equity strategy.
Five different quantitative models are used in this strategy with the aim of creating a performance driver suitable for all market conditions. The strategy allocates the same risk budget to each model in order to obtain the best possible diversification and thus generate an absolute return with little correlation to the equity markets in which it invests.
The mathematical models deployed in the new fund have been developed over 18 years, being first introduced in 1997.The strategy targets returns of
- 06/05/2015
Institutional asset manager Unigestion has reported ‘encouraging’ results from a survey of hedge fund and private asset managers it invests in on their approaches to ESG.
Whilst the survey revealed that 60 per cent of hedge fund managers were still reluctant to introduce ESG criteria into their investment approach, this is a big improvement since the survey was last conducted in 2011, when 75 per cent of managers were reluctant. The percentage of managers that do incorporate ESG criteria has increased significantly from 25 per cent to 40 per cent and the proportion of managers Unigestion classifies as ‘leaders’ in
- 06/05/2015
Visium Asset Management, a multi-strategy alternative investment firm with USD6.9 billion in assets under management, has launched the Visium US Equity Alpha UCITS Fund, a diversified, US-focused long/short equity fund.
Domiciled in Ireland, the Fund employs a long/short equity investment strategy, leveraging Visium’s robust, sector-specific fundamental research process to construct a US-focused portfolio across industry sectors. The Fund seeks to generate attractive risk-adjusted returns with low correlation to traditional bond and equity investments. The Fund’s strategy, which has a four-year track record, was previously deployed in a vehicle called the Visium Tax Alpha Fund, LP.
The Fund is managed by
- 06/05/2015
Matt Eilers is joining UBS as Global Co-Head of the firm’s Financial Sponsor business.
Eilers, who will also lead the Americas Financial Sponsors team, will be based in NY and joins us from Morgan Stanley where he was a Senior Managing Director in the Financial Sponsors Group since 2006. He has extensive Sponsor and Leveraged Finance experience, having started his career at DLJ in 1991, and will be a key addition to the Americas leadership team.
Simona Maellare has also been appointed as Global Co-Head Financial Sponsors, located in London. Maellare joined UBS from Bank of America Merrill Lynch
- 06/05/2015
Concept Capital Markets has appointed R Pennington Miller-Jones (Penn) as Managing Director – Head of Prime Brokerage Sales.
Penn is a seasoned prime brokerage executive with a great deal of experience in sales and operations and an impeccable reputation with alternative investment managers and other service providers to the hedge fund industry. In his new position, Penn will lead Concept Capital’s sales effort and work with the firm’s management team to further refine and improve our prime brokerage offering and extend our reach to a broader audience.
Penn comes to Concept Capital following nine years at Jefferies LLC, where he
- 06/05/2015
Commodity trade finance investment manager Scipion Capital has appointed Taran Bains to head up its sales and marketing function.
Bains, who brings a wealth of experience on both the investment and sales sides of the industry, will lead a focused international business development drive.
Bains combines 18 years of portfolio management experience with a deep understanding of all asset classes, investor marketing and fund distribution. In her previous roles, she has been responsible for raising significant sums on behalf of private banks and family offices, as well as advising on assets and allocations in client portfolios.
Bains began
- 05/05/2015
TMX Group is making important changes to its equity trading fee schedules that the firm hopes deliver significant benefits to the market.
TMX is proactively addressing industry concerns related to the maker-taker fee model through a measured rate reduction program for Toronto Stock Exchange, TSX Venture Exchange and TSX Alpha Exchange.
"TMX is leading the way with a market-driven solution that will address the issues head-on, while taking care to preserve Canada's competitiveness," says Kevan Cowan, President TSX Markets, Group Head of Equities, TMX Group. "Our maker-taker fee optimisation program is a continuation of our efforts to re-shape Canada's equities
- 05/05/2015
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