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Michael Platt is the richest hedge fund manager in the City, according to the new edition of The Sunday Times Rich List, to be published this Sunday 13 May.
The 160-page special edition of The Sunday Times Magazine reveals the wealth of the 1,000 richest people in Britain and is celebrating its 30th anniversary issue.
Platt (pictured), who co-founded Belgravia-based BlueCrest Capital Management with William Reeves back in 2003, has seen his net wealth grow by 25 per cent in the past year to stand at GBP3 billion. In December 2015, BlueCrest announced it was returning USD7 billion of
Broadridge Financial Solutions has secured a US patent for blockchain technology that will enhance the processes for proxy voting and repurchase, or repo, agreements.
Building on Broadridge’s successful blockchain-based bilateral repo pilot with two global investment banks, which showed how blockchain technology can increase operational efficiency, reduce risk and improve auditability, the ‘238 Patent’ demonstrates how Broadridge’s technology can streamline reconciliation processes, improve data management and reduce non-value added costs. It will also expand Broadridge’s end-to-end proxy solution suite, leveraging the firm’s collaboration with three leading global banking institutions to employ blockchain technology to enhance global proxy vote transparency and
DelphX Capital Markets is unveiling a new alternative trading system (ATS) and new securities products through its subsidiaries, DelphX Services Corp and Quantem Capital Corp, which are designed to provide a securities-based alternative to the single-name Credit Default Swap (CDS) derivatives market, at the upcoming Fixed Income Leaders’ Summit USA, convening in Boston on 6-8 June.
DelphX CEO, Larry Fondren, says: “Consistent with our sponsorship of the 2018 USA Summit, we will provide industry participants an exclusive under-the-hood preview of the DelphX ATS, which will launch this year. Attendees will also get a first look at our new Quantem securities
Activist hedge fund strategies brought in among the strongest returns in the hedge fund industry in April, while overall industry returns are being dragged down by some mediocre performances, according to the eVestment April 2018 Hedge Fund Performance Report.
The overall industry returned 0.38 per cent in April, bringing year-to-date (YTD) 2018 returns to a just-barely positive 0.20 per cent. Activist strategies were by far the strongest performers among primary strategies, seeing 2.21 per cent returns in April. However, YTD performance for activist strategies – at +0.27 per cent – is just barely above the overall industry YTD return.
Overall, 60 per
Alpima, a specialist front-office platform for institutional and professional investors, has appointed Anastasia Bikou as Managing Director of Sales.
In this newly created role, Bikou (pictured), will report to Ilan Heimann, Head of Sales and Partnerships. Bikou joins Alpima from Goldman Sachs in London where she spent nine years and was most recently responsible for FX distribution to institutional clients across Europe. Before that, Bikou worked as a Derivatives Trader for the National Bank of Greece and a Financial Analyst at Merrill Lynch in New York. Bikou holds an MBA in Finance from the Wharton School and Bachelor Degrees in Mechanical Engineering
Global accountancy network PKF has expanded its successful service for family offices and private funds in the UK and Ireland.
The PKF Funds and Family Office service, which was launched in New York in 2011, has now extended its presence to London, Edinburgh and Dublin. The expansion gives PKF’s Family Office and Investment Fund clients greater access to expertise across some of the world’s leading financial centres. The team already maintains offices in the United States, Geneva, Amsterdam and Luxembourg.
The business has appointed Paul Pratt, formerly with Trusted Family, to help launch the offer in the UK and
The size of the unlisted closed-end fund (CEF) market has grown steadily since 2014, ending 2017 at approximately USD48 billion in assets under management, according to the second annual report on the sector from UMB Fund Services (UMB) and FUSE Research Network.
Interval funds continue to outpace tender-offer funds from an asset growth perspective. The number of interval funds available for purchase has increased since July 2017 while the number of tender-offer funds has decreased.
Liquidity and lack of education were the top two challenges distributors noted with utilising interval/tender offer funds.
“Unlisted closed-end funds continue to accelerate
James Travers, technical manager at Guernsey Finance, says that Guernsey is well placed to satisfy the ambitions of the developing market for offshore investment being seen in South Africa, with a cost-effective and practical funds solution…
A new generation of investment managers in South Africa have some lofty growth ambitions.
They have their sights set on not only on the opportunity to reinvest client money outside of the country following relaxation of exchange controls – now up to ZAR1 million a year or more in certain cases – but also on capital from overseas institutions and high net worth individuals
Angelo, Gordon & Co, a USD28 billion alternative investment firm focused on credit and real estate investing, has appointed Steven Paget as a Managing Director and Portfolio Manager, European Performing Credit.
In this new role, Paget will lead the build-out of Angelo, Gordon’s European performing credit business with a focus on developing the firm’s European Collateralised Loan Obligation (CLO) platform and investing in the debt and equity tranches of third party CLO managers. Based in London, Paget will report to Dan Pound, Head of Europe, and Maureen D’Alleva, Head of Non-Investment Grade Corporate Credit.
Paget most recently served as
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.05 per cent in April, underperforming the 0.09 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Financial markets were mixed in April as interest rates increased in response to continued positive economic momentum in the US,” says Jason Schwarz (pictured), President
