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Investment manager Neuberger Berman has appointed Alberto Salato to the newly created role of Head of Southern Europe, effective immediately.
Based in Milan, Salato (pictured), will oversee client coverage across Iberia and Italy, reporting to Dik van Lomwel, Head of EMEA and LatAm.
Salato joins from Blackrock Investment Management, where he was Managing Director and Head of Institutional for the Italian business for over a decade. Prior to that, he was with Franklin Templeton Investments, having begun his career with JP Morgan Private Banking in Milan.
Dik van Lomwel, Head of EMEA and LatAm, says: “Italy, Spain and
Emerging hedge fund managers aren’t yielding to fee pressure, but could raise capital faster by adopting innovative fee structures and investing more in marketing, according to new research from alternative prime broker GPP and the Alternative Investment Management Association (AIMA).
‘Making it Big’, the second edition of the emerging manager research report from GPP and AIMA, found the emerging hedge fund industry is robust and healthy, with the amount at which firms can break-even static at USD85 million of AUM (USD86 million in 2017). But despite 94 per cent of sub-USD100 million managers currently raising capital, more than a quarter
By Don Steinbrugge, Agecroft Partners – With rising interest rates and fairly tight credits spreads, are there still opportunities with fixed income oriented hedge fund strategies?
Agecroft Partners recently spoke with five leading hedge fund industry experts who will be presenting on the “Opportunities in Fixed Income Oriented Hedge Fund Strategies” panel in early November at Gaining the Edge – 2018 Hedge Fund Leadership Conference in NY.
Brian Walsh of Titan Advisors mentioned that he has been focused for a while on how the structure of markets and liquidity has changed over the past decade. He provided a very
Alger Management has appointed Robert Gourlay as Senior Vice President and Director of International Sales.
Gourlay, who will be based in London, will be responsible for strengthening and developing Alger’s relationships with private bank, multimanager, and institutional investors outside the US. He joins Alger with more than 20 years of experience in institutional sales, previously serving four years at Advent Capital as a Managing Director and Head of Business Development EMEA, where he focused on a European client base. He also dedicated 10 years in sales to RWC Partners, building a network of clients and raising assets for vehicles in
ACA Compliance Group (ACA) has completed the acquisition of Cordium, a provider of governance, risk, and compliance (GRC) products and services, following the receipt of the necessary regulatory approvals.
ACA now employs nearly 700 people and provides products and services to over 4,000 clients worldwide. The financial terms of the transaction have not been disclosed.
ACA will incorporate Cordium’s compliance, cybersecurity, and technology products and services into its existing offerings, and will now be able to expand its products and services to include tax services, financial and regulatory reporting, Mirabella (Cordium’s regulatory hosting platform), and a post-Brexit EU office
Tradeweb Markets is now able to facilitate allocation of block orders in Chinese yuan (CNY) bonds, allowing offshore investors to invest in the Chinese onshore bond market.
Tradeweb worked closely with CFETS and the Bond Connect Company to facilitate the allocation of block orders. The new functionality for institutional investors follows the recent announcement that the China Central Depository & Clearing Co (CCDC) will support real-time delivery-versus-payment (RDVP), as well as the pending exemption on corporate income tax and value-added tax on foreign institutions’ interest gains from onshore bond investment. The developments are together expected to allow offshore market participants
Investcorp, a provider and manager of alternative investment products, has made a strategic minority investment in Banque Pâris Bertrand Sturdza, an independent, Swiss-regulated private bank based in Geneva and Luxembourg.
The Bank has experienced strong growth since its establishment in Geneva in May 2009, growing its assets under management (AUM) at an average yearly growth rate of 35 per cent to CHF 5.3 billion (USD5.4 billion) as of June 2018. The Bank provides independent investment advice and customised investment solutions to over 400 high-net-worth individuals, family offices and institutional clients mainly from Switzerland and Europe.
The Bank was recognised
New market entrant Havelock London has launched the Global Select Fund, which it says combines the best of data science with traditional investment management.
Sitting at the core of Havelock London’s investment discipline is its approach to ‘AI’, which it defines as ‘augmented intelligence’, using technology to build rigour and efficiency into the investment system, whilst allowing human judgement to be focused on the high-impact tasks that are least suited to full automation.
Havelock London will utilise its proprietary quantamental investment system to identify long-term value opportunities and select a small number of well-understood investments. Using this approach, which
Man GLG, Man Group’s discretionary investment management business, is to acquire Sanlam FOUR’s strategic bond business. Subject to regulatory approval, Sanlam’s investment strategy and assets currently under management will become part of Man GLG’s fixed income offering.
Portfolio managers Craig Veysey and Francois Kotze will both tmove to Man GLG, and will continue to run the strategy with a consistent approach, philosophy, process and toolkit, aiming to provide continuity to the growing number of existing investors.
The strategic bond strategy is focused on investing in attractively valued corporate and government bond opportunities across the global bond universe. The investment approach
Cowen has appointed Bobby Croswell as a Managing Director and Head of Business Development in its outsourced trading group.
Croswell (pictured), who will initially be located in Cowen’s Boston office, is tasked with expanding the outsourced trading business in Boston, throughout the US and globally.
Cowen’s global outsourced trading team is now 20 people strong with professionals across the US and in London, Belfast and soon to be Hong Kong.
Croswell says: “I am thrilled to join Cowen’s outsourced trading team. The group has an exceptional reputation in the industry and is fully-committed to providing its clients
