Board of directors

Ramius calls for changes to board structure of Extreme Networks

Ramius Value and Opportunity Advisors has delivered a letter to the board of directors of Extreme Networks expressing its concern regarding recent interaction with the company and calling for changes to the structure and composition of the board. »


Stuart Bohart, Fortress Investment Group

Stuart Bohart to join Fortress as president of liquid markets

Fortress Investment Group has appointed Stuart Bohart as president of liquid markets and senior managing director - strategy. »


Boston

BTIG continues prime brokerage expansion with hires in Boston

BTIG, a broker dealer specialising in institutional trading and related brokerage services, has expanded its prime brokerage platform with the addition of key hires in sales and relationship management. »


Bruce H. Goldfarb, president and chief executive of Okapi Partners

Former ISS/RiskMetrics executive joins Okapi Partners

Okapi Partners, the proxy solicitation firm, has hired Geoff Sorbello as a managing director. »


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. »


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