Citigroup Inc is rolling up its sleeves as it prepares to battle prime brokerage heavyweights like Goldmans, Morgan Stanley and Deutsche Bank by increasing headcount in it
BNY Mellon’s dedicated managed accounts provider, HedgeMark, has added three new senior executives. Bill Santos is global head of business development, responsible for global business development, marketing, and relationship management. Maxine Alexis, head of the legal consulting group, will
Direct Access Partners, an institutional agency-only brokerage firm providing multi-asset trade execution and support services, has acquired the capital raising team of Channel Capital Group. Channel Capital Group and its data licensing agreements were acquired from the parent company. Since
Many alternative investment firms are lagging in internal IT, compliance, policy enforcement, business continuity planning and IT security, according to analysis by Richard Fleischman & Associates, a provider of outsourced technology and IT services. The findings come from a 12-month
Gold’s strong start to the year was reinforced during the second quarter of 2011 where total global gold demand measured 919.8 tonnes, worth a near-record USD44.5bn, with broad-based support across all sectors and geographies. Standout markets were India and China,
An EDHEC-Risk Institute study from the Lyxor research chair on “Risk Allocation Solutions” develops a conditional approach to risk parity, which contrasts with standard unconditional risk parity portfolios. According to the paper, “Towards Conditional Risk Parity – Improving Risk Budgeting
Prime broker Direct Access Partners has formed a marketing practice. The New York brokerage firm recruited a fundraising team from Channel Capital last month, adding four marketing professionals who have raised a combined USD1.5bn in recent years. While other mini
EFX Prime Services, a division of First New York Securities, has appointed its hedge fund client service team. The team is comprised of operations and trading experts from First New York Securities and new hires that complete the EFX Prime
The FSA’s significant fine and banning for life of hedge fund manager Michiel Visser highlights the age old need for independence between key functions at firms of all sizes, says Peter Moore (picture), head of regulations at The IMS Group… 


Broadcort, a clearing division of Bank of America Merrill Lynch, has expanded its clearing and execution business for institutional broker-dealers by attracting more than a dozen new clients in the second half of 2009, and six additional new clients already
