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FundRock Group has hired Paul Spendiff as the new Group Head of Business Development, based in the firm’s London office.
Spendiff (pictured), is an experienced managing director and entrepreneur with more than 20 years of experience in financial markets and services. He has extensive knowledge of the European regulatory landscape and investor drivers for both the alternative and traditional fund management spheres.
Spendiff has worked with clients from around the world looking to establish European management and fund structures for both open and closed ended funds. He is a regular commentator in the financial press and speaks regularly at
Fintech company seriesOne has partnered with Securrency, a provider of financial and regulatory technology products for the tokenised issuance and trading of securities.
seriesOne will utilise Securrency’s platform and products to enable its customers to conduct securities token offerings (STOs) in a secure and regulatory-compliant fashion. In addition, the joint venture between seriesOne and Securrency will establish and secure regulatory approval for an alternative trading system (ATS) for the secondary market exchange of tokenised securities.
“We believe that Initial Coin Offerings and security tokens represent the next generation of capital formation for businesses,” says Michael Mildenberger (pictured), Founder
Qatar Reinsurance Company Limited (Qatar Re), a multi-line reinsurer authorised by the Bermuda Monetary Authority, is to cease writing new and renewal business from its branch office in Singapore, with effect from 20 July 2018.
The Company says it will work closely with its Singapore-based staff, its clients and broking partners and regulators to ensure the orderly administration of existing business written from the branch. This decision does not affect Qatar Re’s sister company, Antares Asia, which continues to participate on the Lloyd’s Asia Platform.
Gunther Saacke (pictured), Qatar Re’s CEO, says: “Like many of our peers, we have
Charles River Development, provider of the Charles River Investment Management Solution (Charles River IMS), is to be acquired by State Street Corporation (STT).
The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to be completed in the fourth quarter of 2018.
The acquisition will combine Charles River’s front and middle office Software as a Service (SaaS) capabilities with State Street’s extensive front, middle and back office capabilities to deliver a comprehensive end-to-end interoperable Buy-Side platform.
“The synergy between our firms provides the market with a major new differentiating offering that will change the
Experienced global portfolio manager Paul Sloane is rejoining active equity specialist Martin Currie’s Global Emerging Markets (GEMs) team as a portfolio manager.
Martin Currie’s flagship emerging market equity strategy has outperformed the MSCI Emerging Markets Index over all time periods since the team began managing the strategy in October 2010.
Sloane brings a wealth of experience having previously worked at Martin Currie for 14 years, most recently as co-manager of the firm’s global alpha strategy. He joins on 13 August and will take on coverage of the financials sector.
Willie Watt (pictured), Chief Executive at Martin Currie, says:
Mill Hill Capital (Mill Hill) has appointed Nick Pepe, a 13 year veteran of Citigroup’s Global Securitised Markets Division, as Partner, Managing Director, Head of Business Development and Head of Investor Relations. Pepe will start with Mill Hill in September 2018.
Mill Hill is based in New York and focuses on market-neutral relative value investments in US Credit and navigates in both corporate and securitised markets. The company, an investment adviser to private investment vehicles, was founded in 2015.
As the Head of Business Development, Pepe will be focused on participating in the creation of new funds, discussing new opportunities
The Gemini Companies (Gemini) has released key insights shared by a panel of registered fund experts during a recent webinar, “Navigating Challenges for Startup Funds.”
Marissa Capodanno, Deputy Head of Content for the Fund Intelligence Group, moderated the event, which included three panelists: Sandra Powers, CEO of ARK Global LLC; Chris Menconi, Partner at Morgan, Lewis & Bockius LLP; and James Ash, SVP of Registered Fund Solutions for Gemini.
The webinar covered topics specific to RIAs who are considering starting a mutual fund, including fund ideation (strategy), creation (operations), and best practices in distribution (marketing and sales). Each panelist revealed
Hedge fund capital ended Q2 2018 at a new record level for the eighth consecutive quarter as investors reversed Q1 strategy flow trends, allocating new capital to Equity Hedge strategies while redeeming from Macro strategies, with Relative Value Arbitrage and Event Driven also showing small outflows.
Total hedge fund industry capital globally increased by USD20.6 billion to a new record of USD3.235 trillion, according to the latest HFR Global Hedge Fund Industry Report.
Reversing the trend of inflows from Q1 2018, investors redeemed an estimated USD3.0 billion in Q2 2018, the first quarterly outflow since Q1 2017. Firms with
Pillar Capital Holdings Limited (Pillar), a Bermuda-based insurance asset manager focused on collateralised reinsurance and catastrophe insurance-linked securities, has appointed Jeff Franklin as Chief Underwriting Officer (CUO), effective immediately.
Franklin joined Pillar as SVP & Portfolio Manager in 2013. He has extensive experience in global property underwriting, including a CUO role prior to joining Pillar where he developed a company’s international book of business and oversaw its international property catastrophe portfolio.
IA statement from the Pillar Board of Directors, says: “Jeff has played an integral leadership role in expanding Pillar’s market presence and leading the development of our portfolio
Align, a provider of technology infrastructure solutions, has been certified as a Great Workplace by Great Place to Work for the second time.
“We are honoured to be recognised as a top workplace and for our great culture for the second year,” says Jim Dooling (pictured), CEO of Align. “Align is committed to maintaining a culture that values entrepreneurial spirit, diversity, innovation and teamwork. We don’t just hire aptitude; we invest in intelligent people who are forward-thinking, innovative, driven and have a penchant for information technology.”
Align’s ranking is based on the results of an anonymous employee survey
