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Sidley Austin has added Joshua S Cohen as a partner in its Investment Funds practice in Chicago.
Cohen joins the firm from Kirkland & Ellis LLP, where he was a partner. Previously he was a managing director and general counsel of Highbridge Capital Management, LLC, and global head of Alternatives Legal for JPMorgan Asset and Wealth Management.
Cohen brings extensive experience in the formation, structuring and maintenance of open and closed-end private funds, with particular emphasis in hedge funds, private equity funds, credit funds, hybrid funds, fund of funds, liquid alternative mutual funds and fund platforms. He also
Gulf Capital, an active alternative asset management firms in the Middle East, is expanding and strengthening its executive team with the appointment of Sharaf F Sharaf as a Managing Director in Gulf Credit Partners, the Firm’s private debt business.
Based in Dubai, Sharaf Sharaf will join as a Managing Director in Gulf Credit Partners, which provides mezzanine debt and structured capital to growing regional small and medium enterprises (SMEs).
Dr Karim El Solh, Chief Executive Officer of Gulf Capital, says: “We are excited to welcome Sharaf to our leadership team as we continue to grow our business. Sharaf’s expertise and
Derivatives marketplace CME Group’s new legal entity CME Amsterdam BV has received approval from the Dutch Minister of Finance.
The establishment of the new Amsterdam-based entity will ensure that CME Group’s BrokerTec and EBS venues and CME Regulatory Reporting services (formerly NEX Regulatory Reporting) can continue to service their EU27 clients, regardless of the outcome of the UK’s withdrawal from the EU.
CME Group will transition the following businesses to CME Amsterdam BV – BrokerTec’s European Government Bond and European Repo businesses (under a new Regulated Market licence) and on-MTF FX forwards and swaps (under a new MTF licence),
A new Memorandum of Understanding (MoU) signed between Jersey’s financial regulator the Jersey Financial Services Commission (JFSC) and the UK’s Financial Conduct Authority (FCA) should give fund managers added certainty around accessing UK investor capital through Jersey in the lead up to Brexit, according to Jersey Finance and the Jersey Funds Association (JFA).
The MoU, signed this week (Mondaym 11 March) allows funds domiciled in Jersey to continue to be marketed to UK investors through private placement unimpeded, should EU law cease to apply in the UK in the event of a ‘no deal’ Brexit or at the end of
CVC Credit Partners was established in 2005 and runs approximately USD20.2 billion across three core strategy areas: performing credit (USD15.3 billion), credit opportunities and special situations (USD3.3 billion) and private debt (USD1.6 billion).
The Credit Opportunities strategy, which was awarded the Best Specialist Credit Strategy Hedge Fund, employs a catalyst- driven investment approach, employing a dynamic hedging overlay designed to allow it to remain profitable through all stages of the credit cycle.
The strategy is co-managed by Oscar Anderson and Scott Bynum, both of whom are Senior Managing Directors of CVC Credit Partners. The deal team has relationships with over
CMC Markets Institutional, a provider of liquidity and white label trading solutions, has appointed Ahmed Soliman as Senior Relationship Manager. Growing the company’s Dubai presence and working with the global institutional team located in London, Soliman will be responsible both for new sales and ongoing relationship management in the region.
Soliman has in recent years worked with a number of institutional liquidity providers across the Eastern Mediterranean and Middle East. He is proficient in both English and Arabic and will be liaising with entities including a range of Market Counterparties, Introducing Brokers and those Institutions who are direct consumers of
Unigestion, an independent specialist asset manager, has underlined its commitment to German investors by opening an office in Düsseldorf.
The opening of the Düsseldorf office forms part of Unigestion’s growth strategy and focus on building its distribution capabilities in the region. The new office will be home to Unigestion’s dedicated German sales team, providing better access to current investors and prospective clients.
The Düsseldorf-based team will serve institutional investors and intermediaries, offering customised investment solutions and key strategies including Equities, Multi Asset, Alternative Risk Premia and Private Equity.
Florian Rehm, Head of Institutional Clients for Germany and Austria,
A group of investors led by Värde Partners and Guber Banca, working with Barclays as their financial institution partner, have acquired a non-performing loan portfolio originated by 22 mutual, rural, and cooperative banks spread throughout Italy.
The gross book value (GBV) of the portfolio is approximately EUR734 million. The portfolio comprises more than 1,300 positions, most of which are secured. The loans were originated mainly in the Northeast and in the Northwest of Italy.
The portfolio was purchased by a securitisation vehicle issuing multi-tranche notes. The senior notes (70 per cent) will be underwritten by the seller banks and
The Eurekahedge Hedge Fund Index gained 0.86 per cent in February, supported by the global equity market which continued to rebound over a potential resolution of the US-China trade friction.
Hedge fund managers focusing on developed markets and Asia posted gains during the month, while Latin America and Eastern Europe mandates languished into the red. North American fund managers gained 1.46 per cent during the month, while those focusing on Asia ex-Japan generated 2.77 per cent returns.
On a year-to-date basis, the two mandates were up 5.01 per cent and 5.32 per cent respectively. The market anticipation over the
In asset driven organisations, such as hedge fund and private equity firms, efficient and productive operations are critical, both on a daily basis and over time.
This year’s winner for global shadow accounting firm, Viteos, understands alternatives operations in depth. As a result, many of the world’s most complex managers rely on the firm’s expertise and technology for a number of services including trade support; reconciliation; collateral management; regulatory reporting; systems implementation; and shadow accounting.
As managers broaden their complex assets, Viteos has vast experience in deploying advanced accounting technology that addresses operational concerns brought about by these assets.
Shankar
