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Crestbridge has appointed Michael Johnson as Group Head of Fund Services as the firm bolsters its ability to support the needs of a growing global fund client base.
Johnson (pictured) will be responsible for continuing to grow and evolve Crestbridge’s overall funds proposition, supporting managers operating across asset classes, including private equity, real estate, debt and credit funds, and helping them to navigate the regulatory environments in multiple jurisdictions.
With more than 17 years’ experience in international financial services, Johnson joins Crestbridge from Intertrust where he was Head of Fund Services in the Channel Islands and instrumental in developing the
Investors redeemed at estimated USD12.11 billion from the global hedge fund industry in September 2019, bringing year to date (YTD) flows to -USD76.86 billion, according to the September 2019 eVestment Hedge Fund Asset Flows Report.
The total Q3 2019 outflows of -USD29.37 billion marked the sixth consecutive quarterly outflow for the industry. Total hedge fund industry AUM stood at USD3.266 trillion at the end of September, according to the new report.
Among primary hedge fund strategies, the best asset flows news was among Relative Value Credit funds, which pulled in +USD2.78 billion in September, and Managed Futures funds, which
The Irish asset management division of Mediolanum Banking Group, Mediolanum International Funds Ltd (MIFL), has appointed Fixed Income Portfolio Manager, Elizabeth Geoghegan. Geoghegan will be based in the firm’s Dublin office, working closely with Head of Fixed Income, Charles Diebel.
As a Portfolio Manager in MIFL’s Fixed Income team, Geoghegan will be instrumental to the performance of the firm’s in-house strategies, as well as being an active member of MIFL’s strategy team, and working closely with the firm’s multi-manager selection team.
Geoghegan joins MIFL from Dublin-based boutique asset manager, Goodbody Asset Management, where, as a Fixed Income Fund Manager,
BORSA has shifted its trading, analytics and risk architecture its own MetaTrader 5-based infrastructure to provide reliable and effective control, accompanied by a scaling in its business processes.
“Our fund was looking for a solution allowing us to build a multi-asset infrastructure within a single platform”, says Irek Safin, Executive Partner at Borsa Trade LLP. “This is necessary since we work on different exchanges and with different asset classes, while actively applying arbitrage and speculative strategies. It was not always convenient for our traders to maintain positions via different exchange terminals. Besides, they had to use several disparate risk management
OKEx is the top crypto exchange in terms of derivatives monthly volume, according to a new report from CryptoCompare, a cryptocurrency market data provider.
Although OKEx saw an astonishing derivatives total volume of $90.34B in September, it is still down by 14.9 per cent when compared to August.
But OKEx is not the only exchange that saw a decline in performance, other exchanges’ volumes were also down by 1-19 per cent, as the CEO of OKEx, Jay Hao, commented on Twitter: “It’s been a tough month for us all. But let’s face it. Pain is good. It can’t be
Independent institutional currency investment manager, Millennium Global Investments (Millennium Global) ihas opened an office in Paris and appointed Klaus Paesler as a senior Business Development Manager for Europe.
The new Paris office will allow Millennium Global to better serve its existing continental European clientele and will provide a platform for further developments across Europe. In due course, it is expected the business will employ up to twelve individuals in Paris, including macro-economic and quantitative research staff.
The French company, Millennium Global (Europe) SAS, is managed by Alexandre Potin who joined Millennium Global from Factset, where he had been a
HSBC Global Asset Management has appointed John Ware as Senior Product Specialist for hedge funds in its Alternatives team.
Ware will be responsible for HSBC Global Asset Management’s established hedge fund product offering and expanding the platform to a larger institutional investor base globally. Based in London, he will report to Steven Ward, Global Head of Alternative Products, HSBC Global Asset Management.
Ware joins from BlackRock where he was a senior product specialist for BlackRock Alternative Advisors (BAA), the firm’s hedge fund solutions platform. Prior to joining BlackRock, he worked in the Ultra High Net Worth client team at
Simmons & Simmons has advised Crake Asset Management on the launch of its new London management business and its global long-short equities hedge fund structure, one of the largest European launches of 2019.
Richard Walker, CEO of Crake, says: “We really appreciate the work that the Simmons team, both in London and Dublin, did in delivering this project to time. They provided a very high quality service and we enjoyed working with them.”
Partner Devarshi Saksena adds: “It was a pleasure working with Crake on this project which allowed us to showcase our integrated UK and Irish asset management
IHS Markit, a specialist in critical information, analytics and solutions, is now offering brokers and other asset managers a comprehensive solution for cost basis calculation and reporting in alliance with Scivantage.
When assets like stocks are sold, resulting in a gain or loss, brokers are required to report basis and holding period information to the selling shareholder and the IRS via Form 1099-B. The latest challenge for brokers stems from the new IRS Rev Rul 2019-24, which reinforces that cryptocurrency trading is subject to tax reporting. The maximum IRS penalty for improper cost basis reporting is USD3 million per occurrence.
“Our
Prescient Investment Management, a global investment manager with over USD6 billion in assets under management, has hired Gaurav Maleri as President, Global Sales, to be based in its London office.
Gaurav will be focusing on the promotion of Prescient China’s range of Irish UCITS funds, which use a systematic and quantitative approach to seek long term growth from Chinese markets across equities, fixed income and asset allocation strategies.
Gaurav has a 17-year career in asset management and private banking in both Europe and Asia. He joins Prescient from UTI International, where he was a Senior Vice President responsible for
