Latest News
Cowen Inc has appointed Ann M Miller as a director in the firm’s Special Situations Group in the firm’s Investment Banking team.
Miller is based in Cowen’s New York City corporate headquarters and joins the firm with expertise in the public and private company sectors, working in both distressed and traditional M&A assignments. In her new role, Miller is responsible for both executing mandates and obtaining new mandates with new and existing clients. In addition, she is also responsible for client management relating to all of the Special Situations service offerings.
“I am very happy Ann has joined Cowen’s
- 18/08/2017
- 18/08/2017
The Boston office of global law firm K&L Gates has added James A Wright III (pictured), as a partner in the restructuring and insolvency practice. Wright previously practiced with Ropes & Gray.
Wright represents corporations, bondholders, private equity funds, hedge funds, institutional investors, and other parties in corporate restructuring matters including reorganisations, asset sales, liquidations, claim allowance adversary proceedings, setoff rights, and restructurings of portfolio companies. With an emphasis on large Chapter 11 cases, Wright has advised companies in the energy, oil and gas, financial services, health care, automotive, pharmaceutical, technology, and manufacturing industries in debtor-in-possession and committee representations. He has
- 18/08/2017
Altegris, a provider of alternative investment strategies, has partnered with Artivest, a technology-driven alternative investments platform, to bring its investment capabilities to Registered Investment Advisers (RIAs), independent broker-dealers, family offices, private banks, and other financial advisors serving qualified high-net-worth investors.
The partnership launches Artivest’s capabilities to offer alternative solutions to Accredited Investors.
Through this partnership, which entails a transition of USD1 billion of Altegris’ assets and over 20 different fund strategies onto the Artivest digital platform, Altegris’ current and future financial advisors and clients will now be able to utilise streamlined, online tools for onboarding and executing subscriptions as
- 18/08/2017
- 18/08/2017
The LuxHedge Global Alternative UCITS Index increased by 0.38 per cent during July (+1.16 per cent YTD), recording solid performance cross the board with nearly all strategy style indices posting a gain during the month.
In the Equity Hedge category, Long/Short Europe and Equity Market Neutral funds advanced with +0.65 per cent (+2.20 per cent YTD) and +0.40 per cent (+1.90 per cent YTD), respectively. In line with a clear trend in the global hedge fund market, performance was led by Asia focussed funds with the LuxHedge Equity Long/Short Asia index gaining 2.38 per cent during July (+16.05 per cent
- 18/08/2017
Strong institutional demand for comprehensive and robust performance benchmarks for risk parity products has prompted HFR to launched the HFR Risk Parity Indices, which are available to both investors and managers.
Risk parity is a portfolio allocation strategy based on targeting risk levels across various components of an investment portfolio. The risk parity approach allows investors to target specific levels of risk and to divide that risk equally across their portfolio in order to achieve optimal diversification. The primary objective of risk parity investing is to earn the same level of performance as traditional asset allocation strategies, but with less volatility
- 18/08/2017
- 18/08/2017
Technology innovation and evolution has had a profound effect on many jobs, perhaps most notably for a firm’s Chief Technology Officer. Once tasked with desktop support and server maintenance, these IT executives have seen their job descriptions change dramatically over the years. But that change doesn’t necessarily signal something negative.
This Private Equity CTO Survey asked these technology experts directly how they spend their time and what they view as the new and evolving role of the private equity CTO. Their answers highlight a transformative shift from technology troubleshooter to strategic thinker.
With the advent of outsourcing and the cloud, many
- 17/08/2017
Institutional trading network Liquidnet has appointed Patrick Strobel as Head of Technology for EMEA. In this newly formed role, he will be responsible for building out the company’s strategic IT architecture in EMEA with an emphasis on the region’s Virtual High Touch MiFID II solutions.
Strobel brings over sixteen years’ experience delivering IT solutions for investment banks such as Deutsche Bank and JP Morgan.
“EMEA is one of Liquidnet’s fastest growing regions and augmenting our team with an experienced Head of Technology is key to continuing that success,” says Mark Pumfrey, Head of Liquidnet EMEA. “Following our recent acquisition
- 17/08/2017
Principal trading firm DRW Holdings, which trades its own capital across a range of asset classes, instruments and strategies, is to acquire Austin, Texas-based quantitative trading firm RGM Advisors (RGM). Financial terms of the deal have not been disclosed.
“RGM is a well-known and well-respected market participant with a talented team and trading strategies that are complementary to our own,” says Don Wilson (pictured), Founder and CEO of DRW. “Bringing our companies together creates significant opportunity in equities trading, research and technology infrastructure, which will bolster liquidity and innovation in those markets. We are excited to work with the RGM team
- 17/08/2017
- 17/08/2017
Cowen Inc and Cowen Execution Services (collectively, Cowen) have launched an enhanced ADR Direct client portal, which is designed to provide institutional investors with improved access to the global ADR marketplace.
Cowen’s ADR Direct platform and enhanced client portal allows investors to convert their ordinary shares into ADRs and to cost effectively manage market impact, reduce explicit execution costs and increase returns.
“Cowen’s suite of ADR products provides the marketplace with comprehensive solutions when converting ordinary shares to ADRs and ADRs to ordinary shares,” says Dan Charney (pictured), Cowen Managing Director and Head of Equities. “The recent enhancements to
- 17/08/2017
The latest S&P Global Market Intelligence Hedge Fund Tracker shows the top hedge funds managed approximately USD154 billion in equity holdings in Q2 2017, down slightly from the USD157 billion under management in Q1 2017.
The total number of equity positions held also fell slightly from 427 in Q1 to 423 in Q2, as hedge funds made a significant exit from the consumer discretionary sector.
S&P’s tracker reviews 13F filings made by pure play hedge funds to provide an aggregate analysis of hedge fund equity ownership, highlighting hedge fund investments in specific stocks and sectors.
“Though overall equity
- 17/08/2017
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