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Indos Financial, the UK’s only independent AIFMD depositary, is adding to its team with the appointment of Andrew Watson (pictured), a chartered accountant with over 14 years experience within the private equity and financial service industry. Watson joins INDOS Financial’s London office and will manage the firm’s growing private equity and real estate depositary business. Watson started his career in 1999 with PricewaterhouseCoopers working across a variety of Banking and Capital Markets clients. In 2003, Andrew joined the European private equity team at Bank of America as Financial Controller which later became Argan Capital, an independent European mid-market private equity
Scipion Capital has strengthened its legal division, on-the-ground operations and corporate governance with three new senior hires. International financial lawyer Myriam Ly has joined as General Counsel to oversee all of the group’s legal matters. Myriam is a dual qualified lawyer admitted to both the Paris Bar and the roll of solicitors in England and Wales. She has worked in the field of finance law for leading law firms in London, Paris and Geneva for the past 9 years.  Before joining Scipion, Myriam was a senior associate at Schulte Roth & Zabel International LLP, where her practice focused on the
Kher Sheng Lee has joined The Alternative Investment Management Association (AIMA) in its Singapore office. Lee joins AIMA from Azentus Capital, where he held the position of General Counsel. He will take up the position of AIMA’s Managing Director, Global Deputy Head of Government Affairs and Head of APAC Government Affairs.   Lee founded and chaired the peer-to-peer buyside networking group The Asian Hedge Fund Legal and Regulatory Group (also known as AsianHedgeLaw). He is commended by the Financial Times in the FT’s special report ‘Asia-Pacific Innovative Lawyers 2015’, where the FT noted that he “has played an important role
Out of all the European regulations to affect strategy, MiFID II is expected to be the biggest priority for investment managers, according to a study by Deloitte. Deloitte interviewed 13 investment managers, representing GBP475 billion of global assets under management (AUM) and median global AUM of GBP270 billion, as well as two asset service providers and two independent external experts. All but one said MiFID II – the revision to the Markets in Financial Instruments Directive and accompanying Regulation – will have the greatest impact on their strategy over the next two years. 65 per cent of interviewees said the
Total USD interest rate swaps (IRS) trading volumes since launch on Trad-X, a platform for the trading of global interest rate derivatives, have now surpassed USD 2.5 trillion, with the period beginning January 2015 accounting for over half of this total volume.  On-SEF USD IRS trading on Trad-X, which launched in 2011, has continued to rise throughout the first three quarters of 2015. Over 15,000 USD IRS trades have been executed on Trad-X since the beginning of January, equating to a notional volume of USD 1.6 trillion and has helped propel TraditionSEF into a market leading position for the execution
October has provided an intriguing insight into the differing fortunes of equity long/short hedge funds for the year as a whole.  Some value-orientated fund managers – many of which are US-based where they remain short momentum and long value names – enjoyed a rebound in performance earlier this month, yet remain in negative territory for the year (-12 per cent). Conversely, managers running strategies related to growth and quality of earnings have been buffeted by the markets in October and have not benefited from the rebound, yet remain in positive territory for the year (6 to 8 per cent).  According
Euronext has launched AtomX, a flexible service that offers the efficiency and security of the regulated market and central clearing to bilaterally negotiated trades.  Through AtomX, investors are now able to customise and trade options and futures which will be cleared, via LCH Clearnet, in the same clearing pool as the other Euronext derivatives positions.     The regulatory agenda calls for more transparency and mitigation of the recognised systemic risk posed by over-the-counter (OTC) derivatives. At the same time market participants are looking for more efficiencies in portfolio management. AtomX facilitates this by combining the flexibility of OTC trading with
Dallas-based alternative investment manager Highland Capital Management has appointed Terry Jones as President of Institutional Products.  Jones will report to James Dondero (pictured), Co-Founder and President for Highland Capital Management, and will be based in Dallas. Bringing more than 25 years of experience in the financial services industry, ones will lead Highland's discussions with strategic institutional allocators to drive solutions-oriented business development and serve as a complement to Highland's broader institutional sales platform. In addition, Jones will be integral in aligning portfolio risk management across the Highland platform and optimising Highland's risk management infrastructure with respect to identifying, assessing and
Hedge fund launches are under the spotlight in this extract from the Preqin Quarterly Update: Hedge Funds, Q3 2015. Alternative mutual funds saw a significant rise in their share of new fund launches in Q3 2015. These structures accounted for 13 per cent of the new launches monitored by Preqin’s Hedge Fund Analyst, a 10 percentage point increase on the previous quarter (Fig 1). Their European equivalent, UCITS vehicles, also accounted for 13 per cent of fund launches in Q3 2015, an increase from 9 per cent in Q2 2015. Single-manager hedge funds maintained their dominance: these funds
This extract from the Preqin Quarterly Update: Real Estate, Q3 2015 examines current closed-end private real estate funds in market, looking at target capital, primary geographic focus, time spent on the road and a sample of the largest funds currently fundraising. The number of closed-end private real estate funds in market has increased slightly since Q2, with 463 vehicles currently seeking USD160 billion in capital (Fig 1). The make-up of funds in market at the start of Q4 2015 remains relatively consistent, with the majority of funds in market and aggregate target capital focused primarily on North America (Fig 2).

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