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GCM Grosvenor has appointed Eric Levin as Chief Technology Officer (CTO), based in the firm’s Chicago headquarters. Levin brings more than twenty years of experience to the role. He joins GCM Grosvenor from PEAK6 Investments, where he has worked for the last 13 years leading technology and business strategy. Levin served as a member of the Strategic Capital team and Investment Committee and most recently as Chief Information Officer of Apex Clearing.
“Eric brings a wealth of experience across the full technology spectrum as well as extensive business and leadership acumen,” said Michael Sacks, Chairman and CEO of GCM Grosvenor. “We
A subsidiary of Ares Management Corporation (Ares) is to acquire a managing interest in a restructured Crestline Denali Capital (Crestline Denali) that will result in the addition of seven collateralised loan obligation funds (CLOs) totalling USD2.6 billion of assets under management to the Ares portfolio. Crestline Denali, a Chicago area-based firm specialising in the management of non-investment grade bank loans, will retain its equity interest in its CLOs.
Ares’ CLOs are managed by its Credit Group, which had USD106 billion in assets under management as of 30 September, 2019. Ares believes that the all-cash transaction will further strengthen its leading global
Cadwalader, Wickersham & Taft has appointed Michael Newell, a fund formation partner, to the firm’s London team.
EQT is to make a significant growth investment in RIMES Technologies, a provider connected data insights to the investment industry.
Read the full story at Institutional Asset Manager…
ValuAnalysis has launched the ValuFocus Fund, an actively managed fund which targets returns of two to three percentage points above global equity markets. Through its proprietary research, ValuAnalysis identifies stocks which create sustainable value for shareholders. Out of this universe, the ValuFocus Fund invests in those stocks whose competitive advantage is under-appreciated by the market. The fund is being launched with USD10 million of seed capital from the founders.
The investment team is led by Pascal Costantini and Christophe Bernard, who between them have 60 years combined equity research and portfolio management experience. At Deutsche Bank, Pascal led the CROCI (Cash
The European Energy Exchange (EEX) will extend its global power product suite by offering Trade Registration services for the Japanese Power Derivatives market. The Go-Live date (18 May 2020), was announced in Tokyo as part of the EEX Group Japan Power Conference which was attended by more than 200 industry stakeholders from Japan and around the globe.
The new product offering, which is subject to standard European regulatory approval, will be the first Asian market area on the EEX Power Derivatives platform and the first EEX Group product specifically built for the Asian market. The EEX Japan Power launch follows a
According to a recent Deloitte report, the global private debt market could reach USD1.4 trillion by 2023, thus making it the third largest alternative asset class (after hedge funds and private equity). This is an asset class that has really come of age over the last decade, as private debt managers stepped in on the back of the ’08 global crash to address some of the liquidity squeeze. And Europe in particular has substantially benefited, allowing leading players such as Tikehau Investment Management and Ardian to build substantial platform businesses to service the European middle-market.
Banca Consulia has launched Dynamic Alternative, a new discretionary mandate in partnership with MDOTM, a fintech that develops AI-driven investment strategies.
The mandate studies the performance of a vast panel of hedge funds and applies a proprietary methodology to replicate them by investing in liquid instruments. Banca Consulia’s Dynamic Alternative allows its clients to invest in alternatives, a typical institutional investors asset class, thanks to a replication process that uses liquid ETFs.
“We launched with MDOTM a truly unique and innovative product for the Italian financial market” says Antonio Marangi, CEO of Banca Consulia. “The Dynamic Alternative makes hedge funds,
MSCI Inc has appointed Man Group Chief Investment Officer Sandy Rattray as an independent director on the company’s Board.
Read the full story at Institutional Asset Manager…
Asia-Pacific region broker Straits Financial Services is now providing prime-of-prime (PoP) brokerage services to Spotex, a developer of modular, technology systems for foreign exchange brokers and institutional ECN operator. The agreement enables clients to access institutional FX liquidity via Straits Financial and provides a gateway for brokers to deploy Spotex’s modular technology solutions.
Straits Financial will now provide credit intermediation and liquidity to broker and fund manager clients as a Spotex PoP. This includes Straits Financial’s proprietary institutional liquidity accessed via a dedicated Spotex Broker Liquidity Hub and from Spotex’s institutional ECN.
Straits Financial will also deploy Spotex technology
