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The Eurekahedge Hedge Fund Index rallied 2.22 per cent in January, supported by the global equity market rally which resulted from the Fed’s dovish stance and optimism over potential progress in the US-China trade talks.
The MSCI AC World Index (Local) gained 7.36 per cent over the month, recovering most of the losses it suffered in December last year. Returns were positive across geographic mandates, as most of the fund managers generated gains on the back of the equity market rallies around the globe. North American fund managers gained 3.65 per cent during the month, while their peers focusing on
CMC Markets Institutional, a provider of liquidity and white label trading solutions, has added equity and derivative brokerage specialist Malcolm Ford to its team.
With thirty years of market experience working for companies ranging from start-ups to tier one banks, Ford will be responsible for spearheading CMC Markets’ move to provide an even more comprehensive service to the hedge fund industry.
Over the last three decades, Ford has worked with both the buy and sell side, liaising with clients right across Europe, Asia, South Africa and the USA. Previous roles have seen him representing industry mainstays such as
Spouting Rock Asset Management has appointed Pamela Jacobs as its first Chief Sustainability Officer. In this new role, she’ll work with the firm’s management and investment teams to assess the Impact and ESG landscape and determine the best way to integrate these into the firm’s investment strategy, culture and philosophy.
“With the growing importance of sustainable investing across multiple generations and the entire client spectrum, identifying the right way to integrate that within our culture and DNA is absolutely paramount, and I can’t think of a better person to lead that effort than Pamela,” says Blakely Page, President and founder
Jersey Finance has appointed experienced financial services professional Joe Moynihan as its new CEO.
Moynihan (pictured), starts in his new position on 18 February and is taking over the reins from Geoff Cook, who is leaving after twelve years in the role.
An experienced financial services professional with a longstanding career in Jersey in both the private and public sector, Moynihan spent the majority of his executive career with AIB, latterly as the Chief Executive Officer of the Jersey and Isle of Man offices.
He then spent just under four years with the Government of Jersey as Director
International law firm CMS has appointed Ed Kingsbury as a partner in the firm’s funds practice in London.
Kingsbury, who joins from Dechert, has significant experience advising a range of clients on investment funds and investment management arrangements.
Kingsbury has a particular interest in private equity, venture capital and credit funds, and acts for a range of investment firms and investors. His experience includes advising on investment funds through their life cycle, carried interest arrangements, ongoing house and regulatory issues, cornerstone investments into funds, complex secondaries, investment manager-related mergers and acquisitions and merging and de-merging asset managers.
He
The performance of broad hedge fund indices signal a sharp rebound of Special Situation strategies in January (+6.3 per cent), followed by L/S Equity strategies (+5.5 per cent), according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
The reason why they outperformed is related to their higher market beta and their bias towards cyclical sectors/ risk factors. Concurrently, CTAs were down 1.6 per cent in January due to their short equity positioning.
Lyxor writes: “If we take a longer perspective, there is only one strategy in positive territory since end of September: Merger Arbitrage. Yet, Special
Kuwait-based bank Warba Bank (Warba) has appointed investment consultant MJ Hudson Allenbridge to advise on the building out of its investment strategy and portfolio, including manager selection and integrated legal and investment due diligence.
MJ Hudson Allenbridge will be working in close partnership with Warba to develop its longer-term strategy and leading Sharia-compliant infrastructure across multiple asset classes, globally, including alternative investments. MJ Hudson Allenbridge advises a variety of institutional investors on strategy and investments across asset classes, and has extensive experience working with clients on complex and alternative investments.
Thuwaini Al Thuwaini, acting Chief Investment Banking Officer at
Adaptive Financial Consulting, a capital markets consultancy specialising in the development and support of real-time trading platforms, has appointed Amanda Harrison as a Senior Sales Executive in London.
Harrison has spent the last six years working at Saxo Capital Markets UK Ltd initially as Head of Client and Partner support and more recently driving Wholesale business growth as Solution Sales. Prior to this, Amanda spent two years working in the institutional relationship management team at GFT Global Markets
Harrison
Regulatory change has put the investor relations teams of UK companies’ under increasing pressure as demands from investors soar, according to the latest research from Orient Capital, the investor relations specialist and part of Link Group.
The implementation of MiFID II in January last year increased the range of responsibilities IR teams must take on as support they receive from brokers has reduced, and investors engage with issuers directly. This is placing IR teams under strain. In a survey of IR professionals from the UK’s 350 largest companies, 44 per cent see the limited resource available to them as their
Washington State residents Sung Hong a/k/a Lawrence Hong or Laurence Hong, his wife, Hyun Joo Hong a/k/a/ Grace Hong, and their company Pishon Holding, are to pay more than USD1.25 million in restitution in connection with an enforcement action brought by the CFTC charging the defendants with fraudulent solicitation and misappropriation involving futures contracts.
In addition to the restitution, the Court Order also imposes a permanent trading and registration ban on the Hongs and Pishon and prohibits them from violating provisions of the Commodity Exchange Act (CEA) as charged.
The Court’s Order stems from a CFTC Complaint filed on
