BTIG, a broker dealer specialising in institutional trading and related brokerage services, has appointed Vikas Tandon as managing director and head of high yield and distressed analytics with BTIG’s global fixed income group. “Vikas is a significant addition to our
April trading volume for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2SM) and futures contracts on CBOE Futures Exchange (CFE) totalled 102.70 million contracts. Average daily volume (ADV) in April was 4.67 million contracts,
Luma Solutions Services Limited (Luma), a joint venture between OFI Asset management and Gottex Solutions Services (GSS), which operates the first independent European platform offering managed accounts services for both UCITS III and non-UCITS III onshore funds, has appointed Arnaud
BlackRock has appointed Sallie L. Krawcheck, president of global wealth and investment management for Bank of America, and Mark D. Linsz, corporate treasurer for Bank of America, to its board of directors. The appointments fill two seats vacated by Brian
The latest Preqin research shows that there has been a significant decline in the number of hedge fund of funds managers with AUM of between USD2bn and USD5bn, while those with less than USD250m in assets now account for a
The Commodity Futures Trading Commission’s division of market oversight has issued the results of a rule enforcement review of OneChicago. The division found specific areas where OneChicago should improve its trade practice programme. Among other items, the division recommended
In March, the stock market could not maintain the fast pace that began last summer. The S&P 500 index remained stable (+0.04%) despite continuously decreasing implied volatility (17.7%) over the past three months. For the first quarter of 2011, the
Union Bancaire Privée has hired Richard Wohanka, former chief executive of Fortis Investment Management, as the chief executive of the bank’s new asset management and alternative investments division. Wohanka (pictured) also becomes a member of the bank’s executive committee.
Tremblant Capital Group, an alternative asset manager with approximately USD2bn in assets under management, has appointed Andrew Bilzin as its director of marketing. Bilzin will report to Thomas Dempsey, executive managing director. “We are happy to have Andrew aboard as
Odey Asset Management has appointed Simon Todd and Michael Nickson to run the group’s global equities strategy. The pair managed more than USD20bn at US asset manager MFS Investment Management, and have built a strong performance record in global and
