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Melanion Capital, a Paris-based independent alternative investment management company, has appointed Dan Costinescu as a portfolio manager for a new systematic macro fund.
Costinescu, who has been actively involved in alternative asset management since 2005, will be managing a quantitative-based fund focusing on exploiting micro-structural imbalances in the commodity futures markets. Melanion is providing the initial seed capital and plans to launch the fund in the beginning of next year.
The new Melanion Systematic Macro Fund will be the third Melanion Capital fund following the flagship Melanion Dividend Fund launched in 2013 and the Melanion Volatility Fund launched in
Spotex, a developer of foreign exchange (FX) technology systems and ECN operator, has launched Periscope, a new multilevel credit and margin management module.
Periscope enables prime brokers and prime-of-prime brokers (PoPs) to extend credit and/or margin to multiple levels of downstream, sub brokers.
Periscope is a specially built risk engine within Spotex’s full white-label broker technology system and institutional ECN. It aggregates and monitors both credit and margin exposures from a top-level broker, typically a prime of prime broker, down as many as four levels of sub brokers (five levels total).
“Periscope opens a range of new opportunities
The hedge fund redemption trend stretched to three straight months in August as the industry experienced USD11.3 billion in outflows, according to the Barclay Fund Flow Indicator published by BarclayHedge.
August’s redemptions represented 0.4 per cent of industry assets and were an increase from July’s USD8.1 billion in industry outflows,
Coupled with monthly trading losses of USD10.3 billion, hedge fund industry assets stood at more than USD3.08 trillion as August ended, down from USD3.12 trillion at the end of July.
The industry’s August redemption total resulted largely from outflows from hedge funds in the UK and Europe where
IHS Markit (NYSE: INFO), a specialist in critical information, analytics and solutions, has announced the appointment of Deborah Orida as an independent director to its board and the retirement of Richard Roedel from the board.
Orida’s appointment increases the size of the IHS Markit board to 12 directors. Orida will also serve on the Human Resources committee of the board.
Orida is Senior Managing Director & Global Head of Active Equities at Canada Pension Plan Investment Board (CPPIB). She joined CPPIB in 2009 and has held senior leadership roles, including Managing Director, Head of Relationship Investments International, where she
The US Securities and Exchange Commission has canceled its meeting to vote on proposed rule changes to its whistleblower program.
According to the SEC’s open meeting website, the meeting, previously scheduled for October 23rd, is “Cancelled.” It is reported that the meeting will be rescheduled for November.
SEC Whistleblower lawyer Stephen M Kohn, a founding partner at Kohn, Kohn and Colapinto and Chairman of the Board of the National Whistleblower Center, is leading efforts to convince the SEC Commissioners to reject all of the anti-whistleblower proposals. Over the past two weeks, Kohn, representatives from the National Whistleblower Center and Sherron Watkins, the
IHS Markit is using advanced analytics to more than double the number of companies covered by its Dividend Forecasting service. The expanded global service covers an unparalleled 28,000 stocks in more than 90 markets, providing up to five years of dividend forecast data for each stock covered.
“Combining cutting edge analytics with our more than 15 years of Dividend Forecasting expertise offers index providers, derivatives desks, asset managers and hedge funds access to the broadest set of dividend forecasts available for large-, mid- and small-cap stocks globally, including frontier markets,” says Alessandro Ferretti, head of Dividend Products at IHS Markit.
The Global Financial Markets Association (GFMA), which represents the common interests of the world’s leading financial and capital market participants, has named its new leadership team.
Steve Ashley, Senior Managing Director, Head of Wholesale, Nomura, takes over as Chair of GFMA from Sylvie Matherat, Chief Regulatory Officer and Management Board Member at Deutsche Bank AG. The two Vice Chairs of GFMA will be assumed by Olivier Osty, Head of Global Markets, BNP Paribas and Walter Dolhare, Executive Vice President and Co-Head of Wells Fargo Corporate and Investment Banking.
GFMA will continue to have leadership that represents capital market participants
Intertrust, a specialist in providing tech-enabled corporate and fund solutions to clients operating and investing in the international business environment, has expanded it onshore presence in China with a new office in Shenzhen.
Intertrust already has a significant presence in China with 230 professionals across Hong Kong, Shanghai, Beijing and Guangzhou, and this fifth office will enhance the firm’s ability to provide high-quality services to its clients in China and abroad to grow their cross-border investments and optimise their business activities.
Felix Deng, Associate Director of Business Development at Intertrust China in Shanghai, will oversee the Shenzhen office and
The founding CEO of The Crypto Company, one of the first publicly traded companies investing in blockchain, has formed a specialised hedge fund to directly invest in businesses associated with distributed ledger technologies (DLT).
Mike Poutre, a three-time CEO of publicly traded companies, and Ryan Fabian, a former cryptography specialist at the US Air Force Intelligence and the National Security Agency, have been appointed as General Partners at Terraform Capital LLC, a California-based hedge fund with traditional limited partner structure.
Before the extraordinary rise and subsequent interest in blockchain in the summer of 2017, Poutre co-founded one of the
London-based asset management consultancy MJ Hudson is to acquire the Jersey administrator, Anglo Saxon Trust (AST), subject to Jersey Financial Services Commission regulatory approval and certain other conditions.
AST is an established provider of company and trust formation, registrar and administration services and is regulated by the Jersey Financial Services Commission.
The acquisition follows the purchase by MJ Hudson of the Dutch ESG business of Spring Associates in July and US/UK benchmarking and analytics business Amaces at the end of 2018. It adds to MJ Hudson’s existing operations in Jersey and helps consolidate a growing pan-Channel Islands business for
