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Ares Management has appointed Myles Gilbert (pictured), former Managing Director at Cambridge Associates and Co-Chairman of its Credit Investment Committee, as Partner, Head of Investor Strategy & Solutions.
In this newly formed position, he will oversee a team of professionals within the Ares Strategy & Relationship Management Group. He is charged with supporting new product development, coordinating cross-platform mandates and overseeing consultant strategy.
Mike Arougheti, Co-Founder, Chief Executive Officer and President, says: “There has been a notable uptick in the number of large investors looking to develop significant strategic mandates across our platform – which I believe speaks to
There has been a 65 per cent jump in the number of firms referred to the Regulatory Decisions Committee, suggesting an acceleration in FCA investigations, according to Cleveland & Co, the boutique legal advisory business.
Information provided to Cleveland & Co by the FCA shows there were 476 firms in 2017 that were referred to the Regulatory Decisions Committee (RDC) in 2017, a significant rise from the 289 in 2016.
The RDC makes certain decisions on behalf of the FCA relating to enforcement and supervisory actions for firms, as well as firm authorisations. The RDC is the final stage
General partners (GPs) in the alternative investment industry now have a single app that combines CRM tailored for capital raising and investor relations with global institutional investor intelligence.
advinda Investor Cloud’s new capital raising app includes contacts for limited partner (LP) decision makers, segmented by region and investor type.
“Thousands of GPs in the alternatives industry still use spreadsheets to keep track of communications with potential investors,” says Eva March (pictured), CEO at advinda. “This is highly inefficient, non-collaborative, and frankly, there is a better way. advinda now gives these GPs the opportunity to make their capital raising easier,
Fulcrum Asset Management (Fulcrum) has appointed Mark Horne as a Director within the newly created Fulcrum Alternative Strategies team, reporting to Partner, Matthew Roberts.
Horne (pictured), previously worked as an independent asset management consultant in London and Paris. Prior to that he was a senior credit manager researcher at Willis Towers Watson and was director of client services at Natixis Global Associates.
Roberts says: “Mark will be a tremendous addition to the team. His experience and expertise in the alternative credit markets will be crucial in helping us develop our range of solutions for clients.”
LRI Group, an independent investment services company, has partnered with M17 Capital Management, a Swiss based investment company, to launch its European Market Neutral UCITS Fund.
Following several pension funds and institutions as anchor investors, the fund is aimed at institutional investors, pension funds, family offices and high-net worth individuals (HNWI) predominantly in Germany, Switzerland, UK and Scandinavia. To date, the fund has obtained investor commitments of close to EUR191 million.
The fund invests with a fundamental approach in a market neutral concentrated portfolio of 30-60 positions with a European bias and targets a return of 10-15 per cent
Cboe Global Markets has reported a record week of trading activity with several single-day records across the company’s exchanges and products set between 2 February 8 February.
Trading of options on the Cboe Volatility Index (VIX) at Cboe Options Exchange set three single-day volume records within the week, with a new all-time high of 4.34 million contracts on Friday, 2 February, 2018, followed by 4.19 million contracts on 6 February and 3.55 million contracts on 5 February . These records surpass the previous single-day record of 3.1 million contracts on 1 December, 2017.
Trading of VIX futures at Cboe
Total Singapore Exchange securities market value was at SGD29.4 billion in January, up 53 per cent month-on-month (m-o-m) and up 40 per cent year-on-year (y-o-y), over 22 trading days. There were 20 trading days in December 2017 and 20 in January 2017.
Securities daily average value (SDAV) was SGD1.3 billion, up 39 per cent m-o-m and up 28 per cent y-o-y.
Market turnover value of Exchange Traded Funds (ETFs) meanwhile, was SGD253 million, up 27 per cent m-o-m and down 13 per cent y-o-y, while market turnover value of structured warrants and Daily Leveraged Certificates (DLCs) was SGD1.4 billion,
UMB Bank, a subsidiary of UMB Financial Corporation, has promoted two UMB Fund Services (UMBFS) executives – Tony Fischer and Maureen Quill (pictured).
Fischer has been promoted to national sales director for UMB Fund Services, Investor Solutions, Corporate Trust and Custody at UMB. His responsibilities include business development and strategy, as well as providing leadership to the sales team to ensure collaboration. Fischer has more than 30 years of experience in the fund industry. Previously, he was president of UMBFS.
Quill has been promoted to president of UMBFS. She was most recently chief operating officer. Her responsibilities include overall
NextWave Ventures, a venture-capital firm specialising in the commercialisation of early-stage technologies, today formed Apical Technology, a portfolio of artificial intelligence (AI) technologies.
Advanced by Ron St Onge and Jim St Onge, Apical is the result of nearly 20 years of research in optimising AI-based solutions to non-linear systems. With significant real-world predictive results in market behaviour, NextWave Ventures identified an initial opportunity to use the Apical AI-based software platform for equities trading. Apical’s strategies utilise AI and machine learning to generate superior risk-adjusted returns that are non-correlated to both major asset classes and other hedge fund strategies.
“Apical
Luminex Trading & Analytics, a buy side-owned trading venue delivering block executions, has added a conditional order type to its unique, buy side-only alternative trading system (ATS). This upgrade has helped make January 2018 Luminex’s best-ever month by volume.
Luminex’s trading platform now supports negotiable, firm and conditional orders. The addition of conditional orders is designed to make trading on Luminex more efficient for many buy side workflows, and should allow subscribers to interact with more block orders. Negotiable and firm orders continue to be available and will help to prevent “fall downs”, negotiations in which one party backs out
