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Alternative asset manager Magnetar Capital (Magnetar) has appointed Erik Falk to work on strategic initiatives with the firm’s executive committee, including founder & CEO Alec Litowitz, co-founder & President Ross Laser, and Global Head of Fixed Income David Snyderman.
Falk, who will be based in Evanston, joins Magnetar from Kohlberg, Kravis, Roberts & Co (KKR), where he was most recently a Member of KKR and the Global Head of Private Credit.
“We are constantly evolving to meet the changing needs of investors,” says Litowitz. “Erik’s decades of experience and strong track record of success make him a valuable addition
Alder Capital DAC, the Dublin-based, systematic investment manager announces the appointment of Brian Flanagan to the role of Senior Business Development Manager.
Flanagan will be working through both the Dublin and London offices to manage existing client relationships and promote the Alder alternative investment approach to both domestic and international investors. He will report to John Parkin, Alder’s Head of Product Management.
Flanagan’s addition to the team reflects Alder’s continued investment in the business and builds upon the recent expansion following the opening of the London office earlier this year.
Flanagan joins Alder following 15 years with Friends
For anyone planning to establish a hedge fund, getting the planning right at the pre-launch phase can potentially make the difference between success and costly failure. This will be one of the topics covered during GFM’s free one-day ’masterclass’ event – Setting up a Hedge Fund in the United States – which is due to be held on Wednesday, 20th September in New York.
A series of panel discussions throughout the day featuring hedge fund industry leaders including Ron Geffner (Sadis & Goldberg), Frank Napolitani, (Eisner Amper), and Jack Seibald (Cowen Prime Services), will provide attendees with expert insight into
Custom Connect has reduced the latency in its microwave link between LD4 Equinix Slough and FR2 Equinix Frankfurt to as low as 4.572ms for a round trip.
Custom Connect co-founder Jan Willem Meijer (pictured), says traders and risk managers will now benefit from the fastest data service between two of the most important trading hubs in Europe. “We are pleased to announce that all market participants will now be able to access exchange data at the industry’s lowest-known latency,” he says.
Hedge funds recorded positive net asset inflows totalling USD5.0 billion in Q2 2017, bringing total H1 2017 asset flows to USD24.7 billion, according to figures released by Preqin.
This marks a distinct contrast with 2016, which saw net industry outflows of USD110 billion across the year, although Q2 inflows do not approach the USD19.7 billion seen in Q1. With performance remaining robust in the second quarter, hedge fund industry assets under management grew to a record USD3.38 trillion, a 4.1 per cent increase from the beginning of 2017. However, capital flows were not even across the industry: while CTAs saw
BNY Mellon’s Pershing, a provider of global financial business solutions, has appointed Jim Crowley as the company’s new chief operating officer (COO).
During his tenure at the firm, Crowley (pictured), has served in various operations areas, including a role at the New York Stock Exchange before leading the marketing and business development efforts for Pershing’s fixed income business. Subsequently, he moved to relationship management where he assumed a wide range of roles to build Pershing’s broker-dealer global relationship management team. He most recently served as the company’s chief relationship officer, overseeing relationship management strategy across its businesses and collaborating on strategic
Macquarie Specialised Investment Solutions (MSIS) has appointed Steve Berry (pictured), as Division Director of its Fund Finance business.
The Fund Finance business specialises in providing bilateral and syndicated lending transactions to investors in, and sponsors of, top-tier private equity and hedge funds.
Based in London, Berry will be responsible for expanding existing credit fund financing capabilities and driving the expansion of Macquarie’s Fund Finance coverage in Europe, focusing on opportunities across private equity and private debt funds. Steve will report to Pratap Dasgupta and Mike Vitelli, co-heads of the business, both of whom are based in New York.
Independent fund, trust and corporate services provider Crestbridge has appointed Michael Newton (pictured), as Head of Fund Services in Jersey and John MacFeeters as Client Director.
Newton and MacFeeters will join current Crestbridge Directors Sarah Rayson, Elliot Refson and Alex Le Quesne with a remit to develop the firm’s international funds proposition from its Jersey office.
Newton has over 20 years of experience in fund administration and in providing high quality services to multi-jurisdictional fund investment structures. He takes on responsibility for clients and growing and developing the firm’s fund services business from Jersey, a business that spans the
SIX has reported strong results for the first six months of 2017 with an operating income of CHF 929.7 million for the period. Adjusted for special effects in the first half of 2016 (CHF29.9 million), operating income is up by 4.8 per cent.
Earnings before interest and tax (EBIT) adjusted for special effects rose by 14.7 per cent to CHF 164.0 million.
Group net profit was CHF124.5 million. Adjusted for the previous year’s special effects, this equates to an increase of 18.5 per cent.
Peel Hunt, an independent corporate broking, advisory and trading house, has selected Torstone Technology’s InfernoRC module to comply with the transaction reporting obligations of the Markets in Financial Instruments Directive (MiFID II) and its accompanying Regulation (MiFIR).
The news follows Torstone Technology’s announcement in March this year that it began live testing the new InfernoRC module with its clients.
InfernoRC will enable Peel Hunt to comply with the expanded scope and detail in transaction reporting obligations in MiFIR, including the much wider range of financial instruments and disclosure of additional mandatory data which the regulation requires. In addition to
