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Maples Fiduciary, a division of MaplesFS and provider of specialised fiduciary, entity formation and management, insurance and administration services, has received a Trust Company Business Licence from the Jersey Financial Services Commission and has established an on-the-ground presence in Jersey.
The extension of its service offering to Jersey will include the provision of fiduciary services to corporate holding and structuring companies, limited partnerships and investment funds, as well as private trust services.
Jersey is one of the world’s leading international finance centres and its robust regulatory framework, political and economic stability and forward-thinking approach have kept it at
Sterling Partners Quantitative Investments (SPQI), an investment manager specialising in a variety of quantitative alternative investment strategies, has launched its Equity Market Neutral Strategy.
SPQI is an affiliate of Sterling Partners (Sterling), a diversified investment management firm based in Chicago.
The Equity Market Neutral Strategy employs a diversified, market neutral, long-short equity strategy and uses systematic, quantitative methods to extract edge that is rooted in companies’ financial fundamentals. The strategy is based on its founders’ experience developing statistical trading and investing strategies.
The strategy is led by Chief Investment Officer Chris Dardanes, Chief Operating Officer Michael Schmitt, and
Independent fund administrator Circle Partners has appointed Nick Neri as Vice President of Business Development United States.
Neri (pictured), brings 20-plus years of industry experience within the traditional and alternative financial markets with an emphasis on hedge funds, private equity, cryptocurrency, emerging managers, family offices, and technology platforms.
Throughout his career Neri has established strong long-term personal and professional relationships which span the global financial markets including brokerage firms, banking institutions, audit and tax firms, and advisory and legal firms.
Prior to joining Circle Partners, Neri was Head of Client Relations, North America / Chief Operating Officer for
CoinfloorEX, a physically delivered bitcoin futures exchange, has been spun off from Coinfloor Group. The new entity will be known as CoinFLEX (Coin Futures and Lending Exchange) and will be owned by a consortium of technology companies, market makers and crypto investors.
These backers include Trading Technologies, Roger Ver, Mike Komaransky, Dragonfly Capital Partners, Global Advisors, B2C2, Amber AI, Grapefruit Trading and Alameda Research. Together, they will provide CoinFLEX with the scale, credibility and capital to allow it to fulfil market demand for a global, scalable and secure crypto futures exchange.
The new exchange will also introduce the world’s
Osmosis Investment Management, a sustainability specialist with USD1.4 billion in client assets, has hired Lennart Hermans from the Carbon Disclosure Project – the global environmental reporting organisation.
Hermans is the seventh new hire to the business since mid-2018, bringing the Osmosis team up to 19 staff, as it meets growing demand for alpha generating sustainable investment strategies.
Hermans joined Osmosis in January 2019 as a senior research analyst, reporting to chief executive Ben Dear, to further develop the Osmosis proprietary research process.
At the Carbon Disclosure Project, Hermans was a senior technical officer, developing assessment methodologies for corporate
Natixis has appointed Douglas Lenart as Head of Portfolio Management, Americas in its Corporate & Investment Banking (CIB) business.
Lenart reports globally to Anne-Christine Champion, Global Head of Distribution and Portfolio Management, CIB and locally to Benjamin Sirgue, Head of Strategic Sectors & Distribution, Americas, CIB. He is responsible for the management of the Americas portfolio in the firm’s Strategic Sectors, as well as Corporate, Leverage, and PE Secondaries, and will oversee the continued regional implementation of Natixis’ global strategy of active management of its CIB loan portfolio.
Prior to joining Natixis, Lenart spent over 10 years at Société
RJ O’Brien Financial, an affiliate of independent futures brokerage and clearing firm RJ O’Brien & Associates (RJO), has launched its over-the-counter (OTC) Agricultural Structured Products Group.
Designed for commercial agricultural firms of all sizes across the globe, the bilateral OTC initiative utilises a first-of-its-kind proprietary software platform developed by the team’s financial engineers to analyse client needs and then generate and quote a wide range of customised hedging strategies.
Leading the team is Melisa Culbertson (pictured), Executive Director and Senior Vice President, OTC Structured Products, formerly an independent floor and electronic grains trader with more than 25 years of
Chris Galizio, a former portfolio manager at Fidelity Institutional Asset Management (FIAM), has connected with LHA Ventures as portfolio manager and seed investor in the LHA Focused Long-Short Fund.
After a nearly thirteen-year career at Pioneer Investments and a ten-year run co-managing institutional assets at FIAM where, during his tenure, assets peaked at over USD7 billion, Galizio (pictured), has made the decision to broaden his investment horizons and manage a long-short US equity fund.
Galizio said: “I thoroughly enjoyed and appreciated the many years spent at Fidelity finding good companies in which to invest. At this stage of my
Experienced Cayman funds specialist Barry McEwan has joined Ogier’s Cayman Islands team as Counsel.
McEwan (pictured), whose practice spans all areas of corporate and commercial work, with a focus on investment funds and private equity, is listed in Legal 500 as a ‘Next Generation Lawyer’ for Investment Funds.
Having started his career at Magic Circle firm Clifford Chance in London before moving to the Cayman Islands in 2014, Barry adds strength to Ogier’s growing funds team which is highlighted as an ‘early leader in Cayman’s nascent cryptocurrency space’ by IFLR 1000.
Partner Bradley Kruger says: “Our team continues
The European Fund and Asset Management Association (EFAMA) and the International Capital Market Association’s Asset Management and Investors Council (ICMA’s AMIC) have published a joint report on Liquidity Stress Testing (LST) in investment funds.
The report highlights the role of stress tests as an important risk management tool which allows the fund manager to assess the impact of different market stresses at the portfolio level. Moreover, it outlines the long-standing standard practices in the fund industry and the existing comprehensive requirements foreseen by European and national laws.
The report also finds that existing rules governing stress testing, notably the
