Heritage Capital, the merchant banking division of family-owned Banque Heritage, has appointed Niels Nooy as managing director and head of emerging markets trading for Europe, Middle East, Africa and Latin America, plus three directors in London. Nooy, who joined in
HedgeMark International, a provider of hedge fund managed account solutions, has appointed Anthony V. Lombardi as head of managed account operations, prime brokerage and trading relationships. Lombardi brings more than a decade of experience in managed accounts operations and risk
The National Futures Association’s (NFA) board of directors has approved a reduction in the assessment fees it levies on futures contracts and options on futures contracts traded on behalf of public customers from USD.02 to USD.01 per side. Assuming the
Peak Ridge Capital, an alternative asset management company, has appointed Gary King, former chief executive of the Dubai Mercantile Exchange, as senior strategic adviser. He will assist in the firm’s continuing expansion of its alternative investments platform and its introduction
Netage Solutions, a provider of CRM software and online reporting systems for the alternative assets industry, has opened a New York office led by Dimitri Kiriazov who has been appointed head of hedge fund sales. Kiriazov has worked in the
Pershing has launched its Alternative Investment Center, the latest addition to an expanding suite of alternative investment solutions, at its INSITE 2014 conference in Hollywood, Florida. Pershing's Alternative Investment Center, which can be accessed through NetX360, the firm's technology platform,
The London Metal Exchange has submitted a formal proposal to bring trading of forward freight agreements on-exchange in a joint venture with The Baltic Exchange. The LME proposal is to create a new, fully regulated exchange to bring transparency, efficiency
Asia’s large hedge funds are turning to companies outside the region to deliver better returns on the billions of dollars they have raised, reports Bloomberg. Azentus Capital Management Ltd., with about USD800 million in assets, generated more than a third
Fixnetix, a provider of ultra-low latency market data and trading infrastructure connectivity services, now offers a direct market data feed and trading access to Burgundy, the regional multilateral trading facility for Nordic securities. Traders can use Fixnetix’s 10 GB+ point-to-point
The US Commodity Futures Trading Commission has issued an order imposing a USD1m penalty against Craig A. Riley of Ladera Ranch, California and his firm Pressio Capital Management for fraudulently operating a commodity pool and misappropriating pool participant funds.
