Commodities

Bank of America Merrill Lynch launches commodity alpha and beta Ucits III funds

Bank of America Merrill Lynch has launched its commodity alpha and beta family of Ucits III funds: the MLCX Commodity Enhanced Beta Fund; the MLCX Agriculture Optimal Crop Fund; and the MLCX Commodity Alpha Fund. »


Pension

Pension funds to increase exposure to mid-sized hedge funds, says Agecroft

Agecroft Partners predicts that pension plans will significantly increase their exposure to mid-sized hedge funds over the next ten years. »


Todd Gottula, senior vice president and general manager of global accounts at Advent

Vastardis adopts Geneva for fund of funds business

Vastardis Capital Services has adopted Geneva, Advent Software’s portfolio management and fund accounting solution, to support its fund of funds business.  »


Susan Clark, Heritage

Susan Clark joins Heritage’s international funds business

Susan Clark has joined Heritage International Fund Managers as head of fund administration, responsible for the delivery of the company’s fund administration services as well as coordinating growth overseas. »


Iraq flag

Global Capital Partners launches Iraq Fund

Abraham Merchant and Kenneth Kuhn, managing directors of Global Capital Investments, have launched the Iraq Fund. »


Chicago

TradeStation Prime Services hires John Kenealy in Chicago

TradeStation Prime Services, a division of Tradestation Securities, has added John Kenealy to its prime services team. »


Confusion

Industry unprepared for the AIFM Directive, poll suggests

The UK asset management industry needs to considerably ramp up its plans for responding to the Alternative Investment Fund Managers Directive as only two per cent of the industry currently has a plan in place that is being implemented. »


Duncan L. Niederauer, chief executive of NYSE Euronext

NYSE Euronext reports net income of USD128m for Q3

NYSE Euronext has reported net income of USD128m, or USD0.49 per diluted share, for the third quarter of 2010, compared to net income of USD125m, or USD0.48 per diluted share, for the third quarter of 2009. »


Jon Pollowitz, IAM

IAM boosts New York team with analyst hires

International Asset Management, a fund of hedge fund investment manager, has appointed Jon Pollowitz as investment analyst and Stephen Bienashski as junior investment analyst, both based in IAM's New York office. »


Japanese flag

J.P. Morgan appoints head of treasury and securities services in Japan

J.P. Morgan has appointed Hans Janssens as the head of treasury and securities services in Japan. »


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