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PwC Luxembourg has published its patented 2020 barometer on management companies (Manco) which showcases the growth of the asset management in Luxembourg. The results continue to highlight the Alternative Market as the leading force for growth across Luxembourg Management Companies (UCITS and/or Authorised AIFMs) demonstrating the attractiveness of the Luxembourg alternative industry with dedicated products such as RAIF and ScSP.
The latest results display a positive outlook for authorised Alternative Investment Fund Manager (AIFM), Undertakings for Collective Investments in Transferable Securities (UCITS) ManCos and Super ManCos based in the Grand Duchy.
They key highlights include
• Assets Under Management (AuM) managed
Seven Bridges Advisors has appointed Elise Rosenberg as Managing Director and Head of Business Development. Rosenberg will have primary responsibility for accelerating growth and oversee marketing, business development, and increasing awareness of Seven Bridges across the investment community. This is a new position at the New York-based investment advisory firm.
Rosenberg joins Seven Bridges from Barclays where she spent over six years, most recently as a Director of Capital Solutions covering institutional investors for alternative investments across strategies.
“We are delighted to welcome Elise to Seven Bridges Advisors,” says Larry Cohen, Partner and Chief Executive Officer of the firm. “She brings
Ernst Jansen has been appointed Chief Operating Officer (COO) at Kempen Capital Management (Kempen) with immediate effect. The successor to Erik Luttenberg, Jansen will take on this role alongside his current position of COO of Van Lanschot Private Banking. The new position also sees him appointed to Kempen’s Management Board.
Constant Korthout, Van Lanschot Kempen’s Chief Financial Officer and Chief Risk Officer (CFO/CRO), says: “We’re very pleased that Ernst has proved willing to take on these new responsibilities alongside his current position. This appointment reflects our strategy towards a fully integrated wealth management model by 2023, allowing us to enhance our efficiency
Alternative asset management firm GCM Grosvenor has appointed Amy Wierenga as Chief Risk Officer. Wierenga will report to Fred Pollock, GCM Grosvenor’s Chief Investment Officer, and be responsible for risk management in support of the firm’s global alternatives investment activities. Wierenga will oversee risk underwriting on new investments as well as risk associated with portfolio construction, and will contribute to a continued elevation of the firm’s overall risk analytics framework. Wierenga will also join the firm’s investment committees, which approve investment activity across the hedge fund, credit, private equity, infrastructure and real estate strategies.
Wierenga brings more than 20 years of experience
Cryptocurrency trading specialist OKEx is expecting to double its staff in the next two years.The company says the development of the crypto sector has been accelerated by the coronavirus pandemic with Blockchain.com reporting steady growth growth in confirmed daily transactions since March to around 250,000 per day. Total trading volume on major bitcoin exchanges reached USD684.4 million in March.
“This is an exciting time for OKEx, we plan to open new offices in more regions to better serve our users, and we’ve already started recruiting passionate blockchain professionals to grow and prosper together. We expect a 100 per cent increase
Long-running multi-manager hedge fund Brummer & Partners’ flagship vehicle has generated gains across its equity, credit, macro and relative value strategies, as equities rose last month amid hopes of a global economic recovery.
Algebris Investments, a London-based multi-strategy credit and equities-focused hedge fund manager, is staking out alpha opportunities across a range of stressed credits which stand to gain from a resumption in activity post-lockdown.
Lyxor Asset Management has appointed Kunjal Shah as Chief Investment Officer of its US-based subsidiary, Lyxor Asset Management Inc (Lyxor Americas).
24 Exchange, a multi-asset class, 24-hour trading platform, has appointed Tim Cartledge and Steve Resnick to its Board of Directors, taking the total number of members to five. In addition, the company has created a Board of Advisors and appointed Jose Marques and Marty Pompadur as its first two members.
Dmitri Galinov, CEO and founder of 24 Exchange, says: “We are very excited to have both Tim and Steve join our exceptional Board of Directors. Tim is a recognised pioneer of the Foreign Exchange industry, with senior management roles at the top sell-side institutions and extensive work in electronic trading. The Board
The European Energy Exchange (EEX) has achieved another milestone in its Freight business by gaining the majority share of volume in the total Dry Freight market for the first time since launching the business in 2016. Throughout the month of May, EEX reported a 50.5 per cent volume share of the Dry Freight market (19 May: 3.48 per cent) in addition to a 54 per cent share in Open Interest (19 May: 7.73 per cent) thereby becoming the market leader as the No.1 Exchange in Dry Freight Trading worldwide.
Steffen Koehler, Chief Operating Officer, EEX, says: “In 2016, EEX entered the Dry
