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After five years at the firm, CVC Credit Partners chairman Stephen Hickey is standing down from his role for personal reasons. He will be succeeded by Hamish Buckland.
Since Hickey joined in CVC in 2012, assets under management have grown from USD8.1 billion to USD17.9 billion.
Buckland (pictured), is joining CVC from Triton, having previously spent 25 years at JPMorgan, where his most recent role was Vice Chairman of the Investment Banking business. Before that he ran JPMorgan’s European Leverage Finance business from 2001 to 2008. In addition, he has acted as Advisor and Board Director at HM Treasury’s
- 15/09/2017
By George Ralph, RFA – Everything is virtual these days. From virtual teams, spread across the globe, which can perform better than traditional on-site teams, to the virtual offices they work in, at home, in the coffee shop, in shared office space. If the right technology is in place, people can work anywhere.
To take advantage of virtual services, the right technology has to be in place. For a virtual team to work effectively, there needs to be a collaboration tool which allows everyone to ask questions, or share ideas and seek approval or input. There also needs to
- 15/09/2017
Maverick global macro hedge fund manager Hugh Hendry, (pictured) profiled in AlphaQ in the August 2015 issue, is reported to be shutting his Eclectica fund.
Assets in Eclectica Asset Management have fallen steadily over the years from a peak in 2012 of USD1.2 billion across all the Eclectica funds, with USD750 million in the hedge fund alone, to a total in 2015 for the whole group of USD300 million and reduced again more recently to under USD200 million.
In terms of performance, Eclectica has endured several years of flat to negative performance. Its initial big achievement of the early years
- 15/09/2017
- 15/09/2017
As liquidity and market depth at the Belgian gas trading place ZTP continues to increase, pan-European gas trading platform PEGAS has launched a ZTP monthly price index.
The monthly index offers end users and grid users in Belgium an attractive alternative for currently used price references in gas supply contracts.


Traded volumes nominated on ZTP rose with 54 per cent in the first 8 months of 2017 compared to the same period last year. Besides, gas increasingly gets traded through monthly products. ZTP also saw a rise in so-called market maker agreements in which hub customers commit to a
- 15/09/2017
- 15/09/2017
Palmerston Capital, the credit-focused alternative investment manager, has implemented Watson Wheatley’s iRecs reconciliation solution.
Specialists in securities reconciliation, Watson Wheatley has used its own in-house implementation team to interface with Orchestrade, Palmerston’s portfolio management system, and external data sources to provide a comprehensive daily reconciliation solution. The fully automated system allows total control and remediation of daily breaks as well as comprehensive integrity checking of position and cash movements against underlying transactional data.
Jesse McCormick, COO at Palmerston Capital, says: “iRecs has become a core element of our control environment, enhancing historic and internally developed processes, and enabling us
- 15/09/2017
Alpha UCITS has boosted assets on its Alpha UCITS Platform, passing the USD0.75 billion mark this month. Distribution is, to many managers, the key attraction of using UCITS platforms and Alpha UCITS has been a leading UCITS placement agent for nine years.
Before launching its own platform four years ago, Alpha UCITS had already raised significant assets for various blue-chip managers, amongst which funds on other large UCITS platforms. The recent growth in Alpha UCITS Platform assets comes mainly from institutional investor inflows into the Amber Equity Fund and the Fair Oaks Dynamic Credit Fund.
Stephane Diederich, CEO of
- 15/09/2017
The Lyxor Hedge Fund Index was up 1.1 per cent in September with six out of 10 Lyxor indices in positive territory for the month, according to Lyxor’s latest Alternative Investment Industry Barometer.
Long Term CTAs outperformed due to rates, followed by Variable bias L/S equity funds, in particular US and EM specialists. Global Macro also recovered due to commodities and equities.
“Prospect of ECB normalisation, a firming Eurozone growth, and hopes for reforms coalesced to send EUR above 1.2,’ says Jean-Baptiste Berthon (pictured), Senior Cross-asset Strategist, Lyxor Asset Management. “Draghi did not put his weight to stop it.
- 15/09/2017
Subscribers to alternative fund data provider and research house Eurekahedge are now able to access the company’s data via the IRHalo investor relations platform which provides hedge funds with an automated and secure solution for reporting to their clients.
IRHalo features a flexible CRM designed for the needs of asset managers, coupled with the automatic updating of fact sheets and websites with the latest performance and analytics information. Clients of IRHalo and Eurekahedge are now able to use Eurekahedge funds data as part of the analytics and reporting they provide to end investors.
IRHalo is configured to support the
- 15/09/2017
- 15/09/2017
Cayman-based alternative fund governance specialist Danesmead Partners has appointed ex Goldman Sachs Executive Director Emma Stevens as a principal of the firm, and to head up its London office.
Stevens (pictured), will serve as a consultant and independent director to startup and established alternative investment groups, as well as serving as the head of European Business Development for Danesmead.
With over 14 years’ experience at Goldman Sachs both as an Executive Director in the Prime Brokerage Consulting group (with a focus on regulation, corporate governance & operational due diligence), and as head of Prime Brokerage Compliance EMEA, Emma has
- 15/09/2017
New research by the law firm Seward & Kissel into the hedge fund industry’s use of side letters – special agreements between hedge funds and their investors – shows a dramatic increase in side letter deals with newer asset managers.
The Seward & Kissel 2016/17 Hedge Fund Side Letter Study reveals a sharp rise in side letters agreed to by hedge fund managers in business for less than two years. That rate nearly doubled from last year, when Seward & Kissel’s inaugural side letter study put it at 13 per cent of all funds within the study.
The study
- 15/09/2017
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