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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
Blackstone has appointed Gabriel Sod Hoffs has joined Blackstone Alternative Asset Management (BAAM) as a Managing Director and Head of Emerging Markets and Global Macro Strategy.
Sod Hoffs joins from Caxton Associates where he was a Portfolio Manager focusing on emerging markets. Prior to Caxton, he was a senior investment associate at Bridgewater Associates where he focused on emerging markets, and CIO of Austin Credit Macro, a global macro hedge fund seeded by TPG Capital. Sod Hoffs has also held investment positions at Dodge & Cox and Farallon Capital where he concentrated on currencies, interest rates, and sovereign credit. He
CTA funds posted a 1.59 per cent return in June, according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Index has gained 3.84 per cent through June.
“Recession fears coupled with market anticipation of Fed loosening rallied prices for long-term bonds and short-term notes while gold prices rose to a six-year high,” says Sol Waksman (pictured), president of BarclayHedge. “Equity investors seemed to ignore recession concerns and focused on the benefits of a rate cut, propelling the S&P 500 7 per cent higher on the month.”
Nearly all CTA fund sectors posted positive returns in June, the lone
GAM Holding has received all the proceeds from the sale of the remaining assets within its unconstrained/absolute return bond funds (ARBF) in line with the agreement announced on 17 April 2019.
The sale will result in an average of 100.5 per cent of net asset value being returned to clients relative to the valuations at the time the liquidation of the respective funds commenced.
GAM’s priority throughout the liquidation process has been to maximise liquidity and value for its clients. Since the beginning of September 2018, when the liquidation of the ARBF funds commenced, clients have already received funds in
European mid-market private equity investor Equistone Partners Europe (Equistone) is to acquire Moody’s Analytics Knowledge Services (Knowledge Services), a provider of bespoke research, analytics and automation technology to the financial services sector, from Moody’s Corporation.
Established in 2014 through the merger of the Moody’s subsidiaries Copal Partners and Amba Research, Knowledge Services provides various market-leading customised knowledge services, in domains such as investment banking, investment research, private equity & consulting and commercial lending. The business, headquartered in London and operating across nine delivery centres worldwide, employs a specialist workforce of subject matter experts working as an extension of clients’ teams.
The Eurekahedge Hedge Fund Index was up 1.83 per cent in June, bringing its year-to-date return to 5.84 per cent, according to the July2019 edition of the Eurekahedge report.
Roughly 24.7 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first half of the year.
The global hedge fund industry AUM has grown by USD2.0 billion as of June 2019 year-to-date. Preliminary Q2 2019 net outflows figure stood at USD23.8 billion, as investor redemptions continued to slow down. Hedge fund managers recorded USD46.4 billion and USD94.7 billion of net outflows in Q1 2019
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