Carne Group, a providers of hedge fund governance, has appointed senior US banker Fred Schilling as a Managing Director in its US office. The appointment comes as Carne expands its governance and oversight business in North America. Schilling is a
Cantor Fitzgerald Asset Management (CFAM), a subsidiary of Cantor Fitzgerald, has acquired California-based Fintan Partners, a fixed income absolute return fund of hedge funds. Fintan, led by founder Alexander Klikoff, will become part of Cantor Fitzgerald Asset Management (CFAM).
Hedge fund administrator OpHedge Investment Services has named lawyer Scott Gyllensten, most recently head of operational risk for the Americas with Royal Bank of Scotland’s global banking
UK insurer Prudential has appointed Harvey McGrath, former head of the listed hedge fund manager Man Group, as chairman in succession to Sir David Clementi, a former deputy governor of the
The Financial Conduct Authority (FCA) has fined US-based high frequency trader Michael Coscia USD903,176 (GBP597,993) for deliberate manipulation of commodities markets. This is the first time the FCA has taken enforcement action against a high frequency trader, and reflects the
Castle Hall Alternatives, an operational due diligence specialist focused on hedge funds, private equity funds and long-only funds, has teamed up with ReportLab to launch the OpsDiligence platform. The hosted platform provides clients with access to a detailed live database
FNEX, the alternative investment marketplace, has formed a partnership with Corgentum Consulting whereby its due diligence reviews and background investigation of fund managers sourcing deals on the FNEX.com platform will be available to accredited investors. FNEX, which launched last month,
Sovereign wealth funds globally have added more than USD750bn to their total assets since last year, according to research firm Preqin. The growth, from USD4.62 trillion assets under management in 2012 to USD5.38 trillion in 2013, is largely down a
Euronext has launched weekly expiry dates on its CAC40 and AEX future contracts. The initiative, the first of its kind in Europe, complements the existing offer where futures contracts expire on a monthly or quarterly basis. The shorter expiry period
The Fidessa group, a provider of multi-asset trading systems, market data and global connectivity solutions, has announced the addition of connectivity to Instinet’s KoreaCross, the Korean
