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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
For someone who prides himself on building things, the opportunity for Kevin LoPrimo (pictured) to develop a footprint for Cowen Prime Services in London1 was too good to overlook. Last June, LoPrimo was officially unveiled as Head of International Prime Brokerage and charged with building on the success of Cowen Prime Services in the US, here in Europe.
“We’re trying to create the ‘go-to’ prime broker for small and mid-sized funds, and one that can serve as a second or third prime for larger fund clients,” LoPrimo tells Hedgeweek. “We are equity and fixed income-focused, support listed derivatives, and although we
Active asset management company J O Hambro Capital Management (JOHCM) is to directly pay for external research used by its fund management teams when the reforms to the EU’s Markets in Financial Instruments Directive (known as MiFID II) come into effect on 3 January 2018.
Ken Lambden, JOHCM Group CEO, says: “As a high conviction active fund manager, our proprietary research is key to delivering investment outperformance for our clients, but we also value access to selected research generated by external parties. The new MiFID II regulations increase the level of transparency around the cost of research services, and we
