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BTIG is expanding its Prime Brokerage platform with a dedicated effort to service family offices. In a newly-created role, Concetta Mastrangelo, Senior Vice President, BTIG Prime Brokerage, will lead the enhanced family offices effort.
Family offices have become a fast-growing segment within the alternative investment industry. Many of these families are self-directing their investments in both the public and private markets and partnering with reliable counterparties including Prime Brokers to improve operational efficiencies within their businesses. By building out a specialised team, BTIG is strengthening the resources available to this important segment of the market.
BTIG’s prime business is led
By Tanzeel Akhtar – High conviction investment ideas rule at Valley Forge Capital Management, a Wayne, Pennsylvania-based equity hedge fund manager with around USD450 million in assets. Here, founder Dev Kantesaria explains the firm’s ‘different’ approach to value investing and why there’s no place for ‘speculative securities’ and ‘ineffective financial engineering’ in the investment playbook…
Valley Forge runs a long-biased equity strategy and employs a rigorous, bottom-up fundamental approach to find the highest quality business models.
Kantesaria (pictured) explains he analyses companies over a 10-plus year time horizon and looks beyond current earnings to focus on the long-term health of businesses. Valley Forge holds
High-tech supercar manufacturer McLaren’s London showroom provided an appropriate venue for the 30th anniversary celebrations of RFA, a company at the leading edge of high-performance IT, financial cloud and cyber-security services for the alternatives industry, and an outfit that is leading the race to success.
On 27 June, RFA managing director George Ralph brought together a host of industry talent at the prestigious Knightsbridge venue in one of a planned series of events celebrating three decades of growth for the firm.
“I’m proud to be part of RFA’s success and truly believe that the company’s longevity can be attributed
WHP Global (WHP), a new brand management platform led by Chairman & CEO Yehuda Shmidman has launched backed by a USD200 million equity commitment from funds managed by Oaktree Capital Management (Oaktree).
WHP was founded to acquire and manage multiple global consumer brands, leveraging a shared platform to unlock competitive advantages at scale and fuel growth for each distinctive brand in its portfolio. The Company plans to deploy up to USD1 billion in capital over the next five years.
The Company also today announced its first acquisition with the purchase of global fashion brand Anne Klein from Premier Brands Group. An iconic
Hedge funds reversed a brief two-month redemption trend in May with USD800 million in industry inflows, a turnaround from April’s USD9.4 billion in redemptions, according to Barclay Fund Flow Indicator published by BarclayHedge.
While the fund flow needle turned upward in May, the month’s inflows represented a negligible portion of industry assets.
Strong US economic indicators, an equity market rally that saw the S&P 500 making up ground lost in late 2018 and four consecutive profitable months for hedge funds was enough to overcome the redemption impact of Brexit worries and worries over an economic slowdown elsewhere in the world.
LFIS (La Française Investment Solutions), a Paris-based quantitative asset manager with USD14 billion AUM, has appointed Jean-Michel Lévy-Bruhl as a Senior Portfolio Manager in its Factor Investing team.
Lévy-Bruhl joins from Delebor AM, which he co-founded and where he worked across a range of systematic investment strategies. Prior to this he was Head of European Market Making at BAML, Head of Paris Portfolio Management at Nomura and before that, a senior trader in BNP Paribas’ Systematic Quantitative Strategies team. He started his career at JP Morgan and holds degrees from Ecole Polytechnique, ENSAE and Paris VI University.
Lévy-Bruhl will
New US Commodity Futures Trading Commission Chairman Heath P Tarbert has made appointments to key positions in his Office.
Jaime L Klima will serve as Chief of Staff and Chief Operating Officer, N Charles “Charlie” Thornton III will serve as Counselor to the Chairman, Thomas J. Benison will serve as Chief Negotiator for International Agreements, Matthew A Daigler will serve as Senior Counsel to the Chairman, Daniel J Grimm will serve as Senior Counsel to the Chairman, Andrew L Ridenour will serve as Senior Counsel to the Chairman, Chelsea E Pizzola will serve as Deputy Chief of Staff and Counsel
Hong Kong-based multi-strategy hedge fund Infini Capital Management Ltd has selected TORA, a provider of a cloud-based order and execution management system (OEMS), for its pairs trading solution.
Infini Capital chose the TORA OEMS due to its easily configurable functionality and on-the-ground support for fund trading activities. The functionality of TORA’s multi-asset, multi-region and broker-neutral pairs application was another deciding factor.
“The pairs trading tools within the TORA OEMS will enable us to trade more efficiently, and will ensure high execution completion, even during volatile market conditions,” says Tony Chin, Infini Capital CEO and CIO. “We chose TORA for their
BNP Paribas Asset Management (BNPP AM) has appointed Ulrik Fugmann and Edward Lees as Senior Portfolio Managers, based in London. They joined on 17 June and report to Guy Davies, CIO of Equities.
They will manage a global long-short sustainability-themed strategy focusing on companies operating within energy, materials, agriculture and industrials markets. This will further develop BNPP AM’s thematic investing capability, as well as aligning with its Global Sustainability Strategy.
In 2012 Fugmann and Lees co-founded thematic boutique asset manager North Shore Partners, with offices in London and Shanghai, which was subsequently acquired by London based alternative asset manager Duet
BCS Global Markets (BCS GM) has expanded its sales team in New York with the appointments of Kyrill Firshein and Diego Vargas who will be responsible for growing BCS’s capabilities across fixed income and equities.
Firshein will be joining BCS’s Equity sales team in New York to enhance the BCS GM’s equity distribution in the US. With over 15 years of industry experience, Kyrill brings valuable experience in growing a country focused global investor base.
Prior to joining BCS Global Markets, Kyrill was the Executive Director and Head of Equity Sales for the Americas at VTB Capital where he was
