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At first glance, a business or equity owner might conclude that the Tax Cuts and Jobs Act of 2017 (the Act) increased the value of equity interests by 20 per cent upon its signing by the President. By cutting corporate level taxes, the value of any business would, on the surface, immediately rise.
However, the answer is not so straightforward according to Raymond J Dragon, MBA, MS, CPVA, ASA, a member of the Litigation, Forensic and Valuation Services practice at Anchin, Block & Anchin, LLP, where he is the Senior Expert in Business and Intellectual Property Valuation. Dragon provided the
BTIG has appointed Pawan Misra as Managing Director and the Chief Technology Officer (CTO) based in New York. As CTO, he will be responsible for helping to develop and deploy technologies across the firm.
“We are pleased to welcome Pawan to the BTIG leadership team,” says Scott Kovalik, Co-Founder and Chief Executive Officer of BTIG. “Pawan will lead the development of next generation technologies, strengthen critical infrastructure, and play a key role in shaping the technology agenda across our businesses worldwide.”
Misra, who joins the firm’s Global Operating Committee, has nearly 30 years of industry experience. Prior to BTIG,
Broadridge Financial Solutions has released the results of a survey into the progress and challenges associated with artificial intelligence (AI), which includes machine learning (ML) and robotics process automation (RPA), across the capital markets industry.
An overwhelming majority (80 per cent) of respondents, are at least assessing the value of AI, ML or RPA initiatives, according to the survey of about 200 financial services professionals conducted at SIFMA’s Operations Conference & Exhibition in May. More than one-third (39 per cent) of respondents are in proof of concept or pilot stages; however, only 22 per cent are actually in production. They indicated
Geoff Pullen has joined State Street as managing director, alternatives sector, EMEA.
Based in London, he will report into Maria Cantillon, head of sector solutions for EMEA, and his responsibilities will include driving the execution of the team’s regional sales strategy across hedge and private equity fund clients.
With 16 years’ experience, he joins State Street from Standard Chartered where he led the transaction banking & securities services sales to European alternative and traditional asset managers. Prior to this he held senior sales roles at both HSBC Securities Services and BNP Paribas.
He holds a BSc (Hons) in
Martin Currie Global Portfolio Trust has appointed Zehrid Osmani as joint Portfolio Manager of the Company, alongside Tom Walker, as part of a considered succession plan.
Osmani (pictured), joined Martin Currie last month to lead its Global Long-Term Unconstrained (GLTU) team, which will complement his additional role as joint Portfolio Manager of Martin Currie Global Portfolio Trust.
Osmani’s co-management responsibilities take effect on 30 June 2018.
Osmani will work alongside long-standing manager Tom Walker, who has been the Portfolio Manager since 2000, one of the longest tenures in the investment trust industry. Over that period, Walker has generated
Hedge fund launches exceeded liquidations in Q1 2018 for the third consecutive quarter, as both launches and liquidations fell through early 2018, according to the latest HFR Market Microstructure Report, released today by HFR.
An estimated 158 funds launched in Q1 2018, down from 190 in Q4 2017, the lowest quarterly new launch total since 153 funds were started in Q4 2016.
Fund liquidations also declined in early 2018 after falling sharply in 2017, with 145 funds liquidating in Q1 2018, compared to 259 in the same period last year, the lowest total since Q3 2017, and the second
Artivest, a financial technology firm based in New York, and Altegris, an alternative investment manager based in San Diego, have successfully closed their previously announced merger.
The merged company, named Artivest, is headquartered in New York and California. Artivest serves over 10,000 clients worldwide, with approximately USD3 billion of asset flows, USD2.5 billion of which are alternative assets under management. Artivest’s digital alternative investment platform is a fully-encrypted online marketplace for qualified investors and financial advisors seeking access to world-class private equity, hedge fund, real assets and managed futures strategies, among others.
“Artivest is now the largest independent alternative
Asian institutional alternative funds platform Gordian Capital today has established a Shanghai Representative Office to support its growing number of clients in mainland China.
Gordian Capital’s client base in China currently includes an asset manager with AUM of USD16 billion, a wealth management group that manages USD15 billion for High Net worth Individuals and a large private corporation with USD12 billion of assets. Gordian Capital, on behalf of these three clients, has structured, launched and is currently operating offshore fund vehicles to assist these firms expand outside China and to diversify both their client and asset base.
Established in
CAMRADATA, a provider of data and analysis for institutional investors, has published its investment research reports for Q1 2018, which chart the performance of investments and asset managers across six asset classes – Global Equity, Diversified Growth Funds, Multi Sector Fixed Income, Emerging Markets Equity, UK Equity and Emerging Markets Debt.
The newly designed format for 2018 includes an overview of activity in each asset class, a 2018 investment outlook and an easy to read highlights section at the start, followed by more detailed analysis of each universe, assets under management, market share, performance and distribution in each asset class.
Elena Tsareva has joined the BCS Global Markets Research Team as a senior banking analyst, enhancing the investment bank’s coverage of a major sector of the Russian economy and satisfying growing client demand for banking research.
Tsareva, an experienced and accomplished analyst, has more than ten years of equity research experience, specialising in banking. In the Emerging EMEA – Russia Survey, Elena ranked No4 among bank sell-side analysts in 2018, and No3 and No2 as a buyside analyst in 2016 and 2017, respectively.
Prior to joining BCS, Elena plied her skills as an equity analyst for Sberbank Asset Management
