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Twin Capital Management, a New York-based event-driven hedge fund firm, has appointed Jessica Cass as Senior Vice President, Marketing.
In her new role with Twin Capital, Cass will focus on developing and executing the firm’s marketing and fundraising efforts with an aim to substantially grow the firm’s AUM over the next few years.
Cass joined Twin from Gruss Capital Management (Gruss) where she oversaw investor relations in addition to raising new assets from prospective investors. Prior to joining Gruss in 2009, she was a Vice President of Marketing at Galleon Group and held senior sales and relationship management roles
Both hedge funds and risk parity strategies gained in August despite rising tensions with North Korea and the impact of Hurricane Harvey, with Equity Hedge and Macro strategies leading the HFRI to the tenth consecutive monthly advance, and the 17th in the trailing 18 months.
The HFRI Fund Weighted Composite Index gained +0.8 per cent for the month, bringing YTD performance to 5.5 per cent, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. August performance topped small gains for the DJIA and S&P 500, as
Apex Fund Services (Apex) has been granted official approval and licensing by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (AGDM) and has become one of the first Independent fund administrators approved to carry out Regulated Activity in the jurisdiction.
Over the past year, Apex Abu Dhabi has increase its assets under administration by 40 per cent as it goes from strength to strength in the region. Having recently acquired Equinoxe Alternative Investment Services, with the backing of Genstar Capital, Apex has stepped up to be ranked one of the world’s top 15 largest fund administrators.
Man Group has successfully registered with the Asset Management Association of China (AMAC) as a private securities investment fund manager (PFM) which means it can now develop onshore investment products for qualified investors in China.
The PFM license has been granted to Man Investment Management (Shanghai) Co, Ltd, a Wholly Foreign-Owned Enterprise (WFOE) incorporated by Man Group in Huangpu District, Shanghai.
As a global, diversified asset manager, Man Group has USD95.9 billion in funds under management through its five investment management businesses and is listed on the London Stock Exchange. Man Group’s China Office opened in 2012. In 2013
BNY Mellon has appointed James Taylor as Head of FX Electronic Markets Sales as it looks to build out its FX platform to meet the ongoing needs of its global clients.
Taylor has almost 20 years’ experience in electronic trading, working on some of the leading single-dealer platforms, including Barclays’ BARX and Deutsche Bank’s Autobahn. He joins the bank from JP Morgan, where he spent eight years in a variety of interest rate and FX roles, serving most recently as Head of Fixed Income Market Structure.
Taylor is based in London and reports to Oliver Martines.
His appointment
Asset managers in New York City are continuing to buy with extra punch in Manhattan and on the east end of Long Island, according to real estate attorney Margery Weinstein.
“Hedge funders and other investors have had steady growth in the real estate market in the last decade and it’s not slowing down,” says Weinstein (pictured), a partner at Ganfer & Shore, LLP.
She says that while 2008 was the bottom of the barrel, now, through the careful buying of real estate, hedge fund managers have found they can have a growing asset for themselves and their families.
Iron Cove Partners, a national insurance brokerage specialising in the needs of the alternative asset management community, has launched the Iron Cove Hedge Fund Select Policy, through a new partnership with a Lloyd’s Cover Holder and Financial Services Syndicate.
Iron Cove’s partnership with Lloyd’s allows the firm to offer the new insurance product in exclusivity.
“I am excited by the opportunities the new partnership offers,” says Iron Cove Vice President, Gregory C Sibilio (pictured). “Our new facility addresses the full range of liability exposures for our hedge fund and private equity clients under one policy form, and our manuscript
SmartX Advisory Solutions, a technology firm formerly known as HedgeCoVest, has added 27 investment strategies to its managed accounts platform, including models offered by Blackrock, Morningstar Investment Management, and Nasdaq Dorsey Wright.
The new investment models encompass a broad range of strategies including ETF strategists, income portfolios, international equities, global/macro strategies, and US equity strategies differentiated by market capitalisation.
“Turnkey asset management platforms continue to grow year-over-year as unified managed accounts become more popular. That is why even the largest asset management firms are logically looking to platforms like ours for increased distribution,” says Evan Rapoport (pictured), CEO of
Intercontinental Exchange (ICE) has partnered with Go West, a consortium of leading global trading firms collaborating to create efficient access to global financial markets, to offer ultra-low latency wireless connectivity between markets in Chicago and Tokyo.
When the Go West service is launched in the fourth quarter of 2017, ICE’s Secure Financial Transaction Infrastructure (SFTI) wireless networks will offer the most extensive ultra-low latency network connectivity solutions among the New York, Chicago, Toronto and Tokyo metro areas.
“We’re excited to add Go West’s key Chicago to Tokyo route to our growing range of connectivity options,” says Jonathan Reeve (pictured),
The London Metal Exchange and LME Clear (together, the LME) have set out their ‘strategic pathway’ having received 162 responses to a discussion paper on market structure from a broad range of users.
Matthew Chamberlain (pictured), London Metal Exchange Chief Executive, says: “We are delighted that so many members of the metals community took the time to respond in detail to the discussion paper. Respondents’ views were aligned in a number of areas, which helped us to refine our strategic priorities, resulting in a plan that balances the needs of all our users in support of fairness, user choice and
