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River and Mercantile Group PLC has appointed James Barham as Chief Executive Officer (CEO) effective Monday 1 July, in line with the Group’s established succession plan.
Barham, currently Deputy CEO, will take on the position from Mike Faulkner, who has decided to focus on the management and development of the Group’s range of macro strategies. Faulkner will remain on the Board as an Executive Director and become the Group’s Head of Macro Strategies and Innovation.
Faulkner says: “The Group has made significant progress over the last five years in the development of its service offerings. Within this, I believe
Enfusion, a provider of innovative, cloud-based investment management software, outsourced, middle & back office services and data analytics has appointed capital markets industry veteran, Larry Leibowitz, to its Board of Directors.
Leibowitz is recognised as an expert in technology and business transformation within the financial services industry. Over his thirty-year career, Leibowitz has held many notable positions including Chief Operating Officer of NYSE Euronext, Founding Partner of Bunker Capital, and numerous additional Board positions.
“We are ecstatic to have Larry join our Board of Directors,” says Enfusion President Jason Morris. “As a growing FinTech organisation, we are eager to further
big xyt, an independent provider of high-volume market data analytics has launched Consolidated View, an extension of the market analysis metrics available to all members of the investment community from the Liquidity Cockpit platform and 250days website dashboard.
The new views allow access to a standardised independent view of the trading activity across the equity and ETF trading landscape in Europe.
big xyt clients, including multiple global exchanges and investment banks, have increasingly been using detailed information and analytics from the Liquidity Cockpit as a reference to validate their trading performance to their clients. By allowing complimentary access via 250days.com
Yotta Connect, a provider of technology solutions and services to the alternative asset management industry, has appointed Andrew Rosson as Chief Technology Officer (CTO).
Partnering with Nick Monos, CEO, and Ravi Atluri, CCO, Rosson will be responsible for building and managing the firm’s growing CTO Consulting Services practice. Rosson recently left the long/short equity firm, Stelliam Investment Management, where he had served as Chief Technology Officer and Chief Administrative Officer since 2013. Prior to Stelliam, Rosson was a CTO at several leading alternative asset management firms. The CTO Consulting business focuses on providing strategic advice to small and mid- size
CAIS, a financial technology platform connecting financial advisors with alternative investments, is partnering with Private Client Resources (PCR) to streamline the delivery of analytics-ready data for independent financial advisors and fund managers.
“The CAIS Platform is constantly seeking solutions to improve access and usage of alternative investments for independent advisors,” says CAIS President Tim Shannon. “We are pleased with PCR’s ability to automate previously challenging reporting processes for advisors and managers. PCR has normalised over 8,000 of our advisor end-client accounts to make this alternative investment data useable in the adviser’s reporting, analytics, or accounting software.”
PCR’s integration partnership
The Eurekahedge Hedge Fund Index was down 0.71 per cent in May, bringing its year-to-date return to 4.32 per cent. Roughly 15.0 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first five months of the year.
The global hedge fund industry AUM has grown by USD0.5 billion as of May 2019 year-to-date. Final Q1 2019 net outflows figure stood at USD46.4 billion, just under half of the investor redemptions totalling USD94.7 billion seen in the final quarter of 2018.
The Eurekahedge Asia ex Japan Hedge Fund Index was up 5.51 per cent
Nomura Alternative Investment Management (NAIM), a London and Paris-based quantitative investment manager within Nomura Group has launched the Nomura Diversified Absolute Return UCITS Fund.
The Fund aims to deliver absolute returns with a low volatility profile (close to 3 per cent pa), low correlation to traditional asset classes and low drawdowns. It will aim to achieve its objective by capturing a diversified portfolio of risk premia across fixed income and currency markets through a strategic allocation using systematic quantitative strategies.
Managed from Paris, strategic changes will be overseen by NAIM’s Investment Committee which is led by Laurent Michel, NAIM’s
Exchange Data International (EDI) has appointed an Advisory Panel to advise it on the company’s next stage in growth. This panel includes three industry experts that will assist EDI in developing its strategies for both acquisition and organic growth. The three members are: Bob Magri, Peter Sluka and Steven Goldstein.
Jonathan Bloch (pictured), CEO of Exchange Data International says: “EDI is expanding rapidly the number of its datasets and it is enlisting the help of industry specialists. We would like to welcome our three appointees to our advisory panel and look forward to working with them in the future.”
PEGAS, the pan-European gas trading platform of EEX Group, operated by Powernext, has introduced spot and futures contracts for the Spanish Virtual Balancing Point (PVB).
Physical spot products (Within-Ahead, Day-Ahead and Week-End contracts) and physically delivered futures contracts (Month, Quarter, Season and Calendar Year products) are now available for trading and will lead to the delivery of natural gas at the PVB hub, which is operated by ENAGAS. All transactions are cleared through European Commodity Clearing, the central clearing house of the EEX Group.
On Wednesday 19 June, a first trade was registered between Centrica Energy Trading and Danske Commodities
Sterling Trading Tech (STT) has appointed Erik Schmidt – an industry veteran with two decades of experience in capital markets – as Managing Director of Client Services.
Schmidt’s career began on the trading floors of Chicago, which led him to Europe and Asia where he opened and managed trading offices to run international portfolios.
Schmidt has previously served in management positions successfully at firms such as Gelber Group, Deutsche Bank AG and Mako Global Derivatives. His global management expertise includes leading client services teams, trading operations, risk and portfolio management. His deep market knowledge and passion for client services
