Peter Barcia, a former director of portfolio solutions at Citi Private Bank, has joined the New York office of Abbot Downing as managing director and senior portfolio manager. Abbot Downing, with USD34bn in client assets and a 40-year history
New York Life Investments is to acquire full ownership of Dexia Asset Management – an international asset manager with approximately USD100bn in assets under management – for EUR380m. With management centres in Brussels, Paris, Luxembourg and Sydney, Dexia offers global
The event-driven hedge fund strategy, which includes the distressed, multi-strategy and risk arbitrage sub-sectors, was the top performing sector over the past 12 months with an average re
Dominic Jones and Javed Rahman have established Skye Fund Services in Hong Kong with the aim of bringing a fresh approach to outsourced administration services for the alternative investme
Intertrust has expanded its fiduciary team with Rob Aspinall joining as director, fiduciary services in the Cayman Islands and Martin O’Regan joining as director, fiduciary services in Singapore. Both individuals will be primarily focused on the provision of independent
Pelagus Capital Fund has cleared OTC interest rate swaps (IRS) at LCH.Clearnet’s SwapClear using Newedge’s SwapClear clearing membership, which operates alongside its futures commissions merchant membership. Pelagus, a fixed income relative value fund, already cleared OTC trades on LCH
Models that aim to predict daily stock returns perform better when they combine text data and financial quantitative data, according to Capital Markets Cooperative Research Centre (CMCRC). A study by Zhendong (Tony) Zhao, Nataliya Sokolovska and Professor Mark Johnson
Cole Partners Asset Management has appointed Philip Halpern as chief investment officer of Tellus Asset Management, its specialist natural resources asset management business, responsible
Hedge fund service provider PFPC, which is one of the largest administrators of alternative investments in Ireland, has announced the launch of custodian services in Luxembourg through PFP
In September Citigroup, Credit Suisse, Merrill Lynch, and Morgan Stanley and will begin to offer to their clients direct market access (DMA) to securities trading on Moscow Exchange. It is expected that two additional major global banks will start
