Latest News
Wealth managers Rathbones and Smith & Williamson are in talks to agree a merger which will create a GBP55 billion wealth management firm.
Rathbones will effectively take over Smith & Williamson as the larger firm which manages GBP36 billion, against Smith & Williamson’s GBP19 billion. The deal values Rathbones at GBP1.4 billion and Smith &Williamson at GBP600 million.
Last month Rathbone posted a 16.7 per cent rise in first-half pre-tax profit to GBP26.6 million on the back of market gains and an increase in assets under management. The combined new company would see Rathbones, led by CEO Philip Howell (pictured),
C WorldWide Asset Management, a Danish based Asset Manager with DKK110 billion AuM, has extended its SimCorp Dimension license agreement to include Data Warehouse Manager and SimCorp Coric.
C WorldWide Asset Management will be replacing its current reporting solution with SimCorp Coric’s full end-to-end client communications suite, and for the first time, adopting digital reporting to its clients with SimCorp Coric Web Reporter. The move is designed to accommodate increasingly frequent and complex requests for data from investors. C WorldWide Asset Management’s Client Service teams will be empowered with the ability to design new reports as well as customise content
The First Trust CBOE S&P 500 VIX Tail Hedge Fund (NYSE: VIXH) ETF has changed its investment objective to seek investment results that correspond generally to the price and yield of an index called the Nasdaq Dorsey Wright People’s Portfolio Index.
The New Index is developed, maintained and sponsored by Nasdaq.
To reflect the change the fund will now be known as the First Trust Dorsey Wright People’s Portfolio ETF and its shares will be listed and trade on the NASDAQ Stock Market LLC under the ticker symbol DWPP. The Fund’s new CUSIP, ISIN and SEDOL are 33733E880, US33733E8802
Epsilon Asset Management has opened for business having secured capital commitments for each of its three strategies in excess of USD100 million. Additionally, Epsilon has secured seed capital from William Cline (former CEO of hedge fund Clovis Capital, partner at Alcova Capital).
Led by Adam Lavin, Faryan Amir-Ghassemi (pictured), and Michael Perlow, Epsilon is an equity oriented manager aiming to bridge the divide between active and passive strategies.
Lavin, Amir-Ghassemi, and Perlow come from Novus Partners, a leader in providing analytics on active managers to institutional investors around the world. Previously, Lavin founded Alternative Investment Management, a multi-billion dollar
Veracen has entered into a global co-development, co-marketing and collaboration agreement with Linedata Services. The agreement coves co-development of end-to-end financial technology solutions, co-marketing, and branding globally in Europe, Asia, and the United States with global support, client customisation, wrap around services, installation, and training.
The Veracen technology solutions, powered by Linedata’s financial application platform, are designed to be a complete and fully integrated set of applications for institutional investors worldwide. These include customised portfolio management tools and analytics, incorporating a unified data set from the investment decision through to performance and risk analytics, as well as the tracking of
Brickendon has promoted two directors to executive level to help strengthen the firm’s management structure and drive sustainable growth.
Harpreet Singh, of Brickendon’s data practice, and Richard Cryer, of the risk and regulatory practice, were promoted for their industry-leading expertise in their relevant fields, their excellent day-to-day performances delivering complex programmes for clients and their extensive leadership and management expertise.
Brickendon, which operates out of London and New York and is currently considering other opportunities for expansion, is experiencing significant growth thanks to its innovative and tailored solutions which are proving highly popular at a time when the financial
Multi-strategy hedge fund Whitebox Advisors has chosen Broadridge to provide a comprehensive, fully hosted and integrated platform of trading, portfolio management, reference data, reconciliation and data warehouse solutions for its front, middle and back-office operations.
Whitebox believes that moving to Broadridge’s hosted platform will enhance its ability to quickly respond to new growth opportunities.
Broadridge’s fully integrated solution will enable Whitebox to streamline and automate workflow around a complex array of traded instruments. Broadridge will be hosting Advent’s Geneva, thereby integrating Geneva with Broadridge’s data warehouse, HTML 5-based reporting solution and state-of-the-art order management / portfolio management/ risk management
Cowen Inc has appointed Ann M Miller as a director in the firm’s Special Situations Group in the firm’s Investment Banking team.
Miller is based in Cowen’s New York City corporate headquarters and joins the firm with expertise in the public and private company sectors, working in both distressed and traditional M&A assignments. In her new role, Miller is responsible for both executing mandates and obtaining new mandates with new and existing clients. In addition, she is also responsible for client management relating to all of the Special Situations service offerings.
“I am very happy Ann has joined Cowen’s
The Boston office of global law firm K&L Gates has added James A Wright III (pictured), as a partner in the restructuring and insolvency practice. Wright previously practiced with Ropes & Gray.
Wright represents corporations, bondholders, private equity funds, hedge funds, institutional investors, and other parties in corporate restructuring matters including reorganisations, asset sales, liquidations, claim allowance adversary proceedings, setoff rights, and restructurings of portfolio companies. With an emphasis on large Chapter 11 cases, Wright has advised companies in the energy, oil and gas, financial services, health care, automotive, pharmaceutical, technology, and manufacturing industries in debtor-in-possession and committee representations. He has
Altegris, a provider of alternative investment strategies, has partnered with Artivest, a technology-driven alternative investments platform, to bring its investment capabilities to Registered Investment Advisers (RIAs), independent broker-dealers, family offices, private banks, and other financial advisors serving qualified high-net-worth investors.
The partnership launches Artivest’s capabilities to offer alternative solutions to Accredited Investors.
Through this partnership, which entails a transition of USD1 billion of Altegris’ assets and over 20 different fund strategies onto the Artivest digital platform, Altegris’ current and future financial advisors and clients will now be able to utilise streamlined, online tools for onboarding and executing subscriptions as
Special Reports
FeatureD
- Insight
