Martin D. Sass, chief executive of M.D. Sass

M.D. Sass appoints vice president to equity team

Investment management firm M.D. Sass has appointed Jason Rapp as vice president and senior analyst on its equity team, which manages the firm's flagship relative value equity strategy and Maximus long/short equity hedge fund. »


Computer screen

Merlin launches enhanced performance reporting for hedge funds

Merlin Securities, a prime brokerage services and technology provider for hedge funds, managed account platforms and family offices, has launched a new reporting functionality which helps funds to more precisely articulate their performance for institutional investors. »


Emerging markets currency

Gulf International Bank launches emerging market opportunities fund

Gulf International Bank (UK) has launched an Emerging Markets Opportunities Fund with assets of more than USD100m. »


Risk

Pardus Capital Management adds head of portfolio risk

Pardus Capital Management, a New York-based alternative investment manager, has appointed Ali Mostafavee as head of portfolio risk and a member of the firm’s investment committee. »


Job page

Black Diamond expands controlled distressed/private equity team

Black Diamond Capital Management, an alternative asset management firm, has appointed Philip Raygorodetsky as managing director. »


Money graph

GlobeOp assets under administration rise by ten per cent

GlobeOp Financial Services, a provider of business process outsourcing, financial technology services and analytics to hedge funds and other sectors of the financial services industry, saw its assets under administration increase by ten per cent in the first half of 2010 to USD120bn. »


Peter Hughes, managing director of Apex Fund Services

Apex Fund Services opens its Luxembourg office

Apex Fund Services, a fund administration business, has opened its Luxembourg office. »


Handshake

Deer Park appoints Scott Burg as associate portfolio manager

Deer Park Road, a registered investment adviser which invests in distressed mortgage and asset backed fixed income securities, has named Scott Burg as associate portfolio manager. »


Asia

Investors return to Asian hedge funds with focus on currency policy adjustments

Hedge fund investors developed a central focus on Chinese foreign exchange policy in quarter two 2010, as the Chinese central bank took steps toward increased flexibility of its currency policy. »


Rapeseed

Tradition’s biofuels desk closes the first ever rapeseed oil swap

Interdealer broker Tradition’s London-based biofuels desk closed the world’s first rapeseed oil swap between Totsa, based in Geneva, and a continental based fuel distribution company on 3 August. »


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