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BNY Mellon has appointed Jorge Sanchez to its Hedge Fund Services team with responsibility for overseeing the delivery of hedge fund operations to key clients.
Sanchez, who will report to Nicholas Gialanella, Global Head of Hedge Fund Services Operations, joins BNY Mellon from Analytical Research Capital Management in New York, where he oversaw all operations, compliance and finance policies and procedures for the firm.
Prior to this, Sanchez was Chief Financial Officer and Chief Compliance Officer of the USD4 bn hedge fund WCG Management in White Plains, NY, where he led all elements of its accounting and compliance teams.
Nordea Asset Management (NAM) has hired Sébastien Galy to the role of senior macro strategist.
Based in Luxembourg, Galy will deliver macroeconomic and financial analysis across the vast array of assets covered by NAM. The position entails analysis of both strategic and tactical asset allocation, as well as commentary on macro themes and investment ideas. Galy will deliver timely market perspectives, along with NAM’s quarterly outlook.
Galy previously worked on the sovereign buy side and sell side at Deutsche Bank and UBS for more than a decade – with a focus on macroeconomics, currencies, balance sheets and quantitative work.
Franklin Templeton Investments has appointed George Szemere as its new Head of Alternative Sales, EMEA.
Based in London, Szemere joins Franklin Templeton with immediate effect from Columbia Threadneedle, where he was most recently Head of Liquid Alternatives and Global Strategic Relations EMEA Distribution.
Reporting to Vivek Kudva, Managing Director for EMEA and India, Szemere will be responsible for growing Franklin Templeton’s alternative business in the EMEA region. He will also partner closely with the various alternative investment groups, product and distribution teams to generate new product ideas and solutions to meet the needs of the firm’s institutional and retail clients
The global hedge fund industry ended a volatile 2018 in the red, with aggregate performance for December at -2.15 per cent and for the year at -4.86 per cent, according to the latest eVestment hedge fund performance data.
December’s negative performance marked the industry’s fifth consecutive month of negative performance in 2018.
The industry’s aggregate negative performance for 2018 was nearly on par with the industry’s second worst year on record, 2011, when returns came in at -4.99 per cent. The hedge fund industry’s worst annual performance on record came in at -15.75 per cent back in 2008.
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
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