GFI Group Inc has launched its Short Term Interest Rate Futures and Options (STiRs) desk. The new desk will execute a variety of contracts including Eurodollar Futures and Options, US Treasury Futures and Options, 30 Day Fed Funds and the
Altana Wealth has launched a new UCITs fund, The Altana Directors’ Dealings System Fund (ADDS), which is now open to external investors. The fund tracks the short term opportunistic buying behaviour of company directors in US liquid listed companies and
Clearbrook Global Advisors has appointed Manit Rye as Managing Director and Head of Hedged Index Strategies. Rye will be based in the firm’s New York headquarters and report to Elliott Wislar, Chief Executive Officer of Clearbrook. Rye will be
BATS Global Markets (BATS) is to acquire Hotspot FX, an institutional spot foreign exchange market, in a cash transaction valued at USD365 million. Closing is expected in the first half of 2015, and represents further expansion into non-equity trading
BNY Mellon has appointed Brian Ruane to the new position of chief executive officer of alternative investment services. BNY Mellon Alternative Investment Services is a hedge fund administrator with more than USD200bn in assets under administration. Ruane (pictured) will report
Conifer Financial Services, a provider of fund administration, middle office, trade execution, and prime brokerage services to the asset management industry, has received an unqualified opinion in the Service Organisation Controls (SOC) 1 TYPE 2 (SSAE 16) 2014 examination of
Columbia Management has launched a liquid alternative mutual fund, the Columbia Adaptive Alternatives Fund (CLAAX) providing investors with access to a multi-strategy fund from Blackstone Alternative Investment Advisers. Through the convenience of a traditional mutual fund with daily liquidity and
Custom House Global Fund Services, an administrator specialising in alternative investment, hedge funds and funds of funds, has made two additions to its global marketing efforts. David Barry has rejoined as head of sales and marketing for UK, Europe and
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds,has appointed Adam Wayne as Human Resources Director. Wayne will be based in Abacus’s New York office and will report to Jonathan Bohrer, Chief Financial Officer.
The Alternative Investment Management Association (AIMA) and the CAIA Association have jointly published the first of a series of hedge fund educational papers aimed at pension fund trustees. The paper – “The Way Ahead: Helping trustees navigate the hedge fund
