Latest News
Advent Capital Management has appointed Alex von Ziegesar as managing director of business development, reporting to Kris Haber, the firm’s Chief Operating Officer.
Von Ziegesar will be responsible for marketing a variety of traditional and alternative strategies in the US institutional channel.
“We’re extremely excited to welcome Alex to the Advent family, where we continue to see a need and demand from institutional investors for innovative traditional and alternative strategies given rising volatility and climbing interest rates,” says Haber. “Given his experience working across various asset classes, as well as his ability to form lasting business relationships, Alex will
Intercontinental Exchange (ICE) is to acquire the Chicago Stock Exchange (CHX), a full-service stock exchange, including trading, data and corporate listings services.
Financial terms of the transaction, which is expected to close in Q2 2018, subject to regulatory approval, have not been disclosed. The financial impact will not be material to ICE or impact capital return plans.
Subject to Securities and Exchange Commission (SEC) approval, CHX will continue to operate as a registered national securities exchange and will benefit from the planned deployment of the NYSE Pillar trading technology in ICE’s Chicago data centre. NYSE Pillar will also provide
Alternative asset manager EnTrustPermal has closed its Special Opportunities Fund IV with capital commitments of over USD1 billion.
EnTrustPermal’s Special Opportunities Funds are dedicated exclusively to co-investments, which target high-conviction ideas that are catalyst-driven and/or designed to exploit market dislocations.
EnTrustPermal launched its co-investment program a decade ago, as it saw an opportunity to extract a premium by capitaliSing on situations requiring longer-duration capital amidst the liquidity crunch of the global financial crisis. The program has since grown and expanded over 10-plus years, with opportunistic co-investments currently comprising over USD7.2 billion.
EnTrustPermal launched the fourth iteration of its
Cboe Global Markets is to migrate the Cboe Options Exchange to the company’s proprietary Bats technology on 7 October 2019. The planned migration of Cboe Options Exchange to Bats technology follows similar migrations for Cboe Futures Exchange (CFE) and C2 Options Exchange.
CFE was successfully migrated to Bats technology on 25 February 2018, while the planned migration of C2 Options Exchange is on track for 14 May 2018. Upon completion of the planned Cboe Options Exchange migration, all of the company’s equities, options and futures markets will trade on proprietary Bats technology.
Cboe Options Exchange is the company’s largest
Castle Hall Diligence has appointed Dimitri Douaire as Director, RiskDiligence.
Douaire brings close to 20 years of due diligence experience, with a focus on liquid alternatives. Prior to Castle Hall, Douaire served as Director, External Public Investment & Credit Group for OPTrust in Toronto, where he developed all aspects of the due diligence process pertaining to liquid alternative investment strategies.
Douaire’s addition to the Castle Hall team responds to investor demand for the firm’s unique RiskDiligence offering.
“I’m excited to join the Castle Hall risk team,” says Douaire. “Castle Hall has identified a clear need in the marketplace to
Alternative investment firm Angelo, Gordon & Co has selected Intapp Terms to track and manage side letters, limited partnership agreements (LPAs) and other investor contracts.
Angelo, Gordon’s investor relations and compliance teams will use AI-assisted technology from Intapp to categorise the terms specified in each LPA and side letter as new clients are on-boarded, and then employ Intapp Terms to search and check individual investor requirements, and efficiently ensure compliance with those requirements.
The Intapp Professional Services Platform will also automate alerts to relevant employees or departments when information needs to be disclosed to investors, or when any other
Agio, a provider of managed IT and cybersecurity services, is to launch Agio SkySuite, a fully-hosted public cloud productivity and cybersecurity suite tailored for small and emerging alternative investment firms.
SkySuite is the first and only program of its kind, providing emerging funds with a fully-hosted infrastructure in Microsoft Azure’s Public Cloud. The program is an outgrowth of Agio’s ongoing partnership with Microsoft Azure, a leading public cloud service.
A comprehensive IT and cybersecurity solution, SkySuite is designed specifically for emerging funds and startups that may lack the necessary in-house resources to develop and manage their own infrastructure within
Ortec Finance, a provider of investment decision technology and solutions, has appointed Deon Dreyer (pictured), as UK Managing Director, taking over from Lucas Vermeulen who is moving back to the Netherlands.
Fred Heemskerk, Head of Global Business at Ortec Finance, says: “Since opening our UK office in 2008 we have been helping our clients, both institutional and retail, to manage, measure and monitor their investment decisions. This blend of technology and expert knowledge gives our clients unrivalled power to question their decision making processes. We are fortunate to be working with some of the largest, most innovative and forward thinking
SteelEye, a compliance technology and data analytics firm, has formed a technology partnership with Solgari, a provider of compliant, integrated omni-channel cloud communications services.
The partnership will integrate SteelEye and Solgari’s cloud platforms, allowing clients to meet many financial services regulatory requirements while opening up significant data analysis opportunities.
SteelEye’s software reduces cost and complexity for financial service firms meeting their MiFID II obligations for Record Keeping, Transaction Reporting, Trade Reconstruction and Best Execution, while allowing these firms to extend intelligence through Surveillance functionality and gain further valuable insight from their own data.
Solgari provides customers all the
In mid-March, we published the first of a two-part article series with SEI Investment Manager Services on how a top-down, bottom-up solution can go some way towards helping fund managers grapple with regulatory compliance demands as efficiently as possible.
