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Elian has strengthened its fund services team in Guernsey with two new appointments and a senior promotion.
Kees Jager has joined Elian as an associate director and will lead the local Fund Services team. Working closely with Jager, Leasa Callaway has been promoted to manager and Sally Ann Brehaut has joined the firm as an assistant manager – compliance.
“Elian is building a reputation as a progressive and exciting firm, with a very bright future,” says Tom Amy, managing director of Elian in Guernsey. “We are always looking to strengthen our teams, to further enhance the service we offer
Martin Currie has now received the necessary approvals to complete the purchase of the business assets and investment management team of PK Investment Management, the London based long/short Japan Equity boutique.
Led by Paul Kirkby, the team now includes Martin Currie incumbent manager, Claire Marwick. Overall assets under management for the enlarged team are USD425 million.
Kirkby has also been appointed as lead manager of the Legg Mason Japan Absolute Alpha Fund the Luxembourg domiciled UCITS fund.
Andy Sowerby, Head of Sales and Marketing at Martin Currie, says: “This is an exciting milestone in the development of our
Consolidated trading volume for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE), totalled 1.2 billion contracts in 2015, a decrease of 11 per cent from the record 1.3 billion contracts in 2014.
Average daily volume (ADV) was 4.7 million contracts on the year, a decrease of 11 per cent from the record 5.3 million contracts per day in 2014.
Several trading records were set at CBOE and CFE during the year. Index options trading at CBOE reached a new all-time high for a third consecutive year,
Balter Liquid Alternatives has launched the Balter European L/S Small Cap Fund (BESMX) and the Balter Event-Driven Fund (BEVIX), both conversions of existing hedge funds into a mutual fund wrapper.
The Balter European L/S Small Cap Fund is sub-advised by SW Mitchell Capital, a USD2 billion European equity specialist based in London, UK. The Fund has an 8+ year record with an annualised return of 10.6 per cent. Portfolio Manager Jamie Carter uses a bottom up fundamental security selection process. The Fund's investment objective is to generate absolute returns for investors, primarily by investing both long and short in Small
Affiliated Managers Group (AMG) has completed its investment in Systematica Investments. In addition, AMG has also recently completed investments in Ivory Investment Management (Ivory) and Abax Investments (Abax).
Systematica, led by Leda Braga, is an technology-driven firm focused on the application of science and technology to the investment process and focuses on managed futures and systematic trading management. Systematica became an independent organisation in January 2015 following its separation from BlueCrest and now offers a number of distinctive strategies, including trend-following and quantitative equity investing in both traditional hedge fund vehicles as well as liquid alternatives.
Systematica’s award-winning strategies
Lazard Asset Management (LAM) has launched the Lazard US Fundamental Alternative Fund, a UCITS compliant, a liquid and diversified portfolio primarily focused on US securities, with the flexibility to invest across the whole market cap spectrum.
Utilising bottom-up stock selection, the Fund seeks to take long positions in equities of companies believed to have strong and/ or improving financial productivity and attractive valuations, and short positions in companies with deteriorating fundamentals, unattractive valuations, or other qualities warranting a short position.
The fund will be managed in New York by portfolio managers Dmitri Batsev and Jerry Liu, who leverage a
Just one of Market Vectors Index Solutions’ (MVIS) six investable Long/Short Equity Indices – the Market Vectors Global Long/Short Equity Index (0.11 per cent) – recorded positive performance in December.
The month’s biggest loser was the Market Vectors North America Long/Short Equity Index with a return of -1.05 per cent, followed by the Market Vectors Asia (Developed) Long/Short Equity Index (-0.77 per cent), the Market Vectors Global Event Long/Short Equity Index (-0.75 per cent), the Market Vectors Western Europe Long/Short Equity Index (-0.65 per cent), and the Market Vectors Emerging Markets Long/Short Equity Index
(-0.10 per cent).
Each index is
Aberdeen Asset Management has completed its acquisition of Arden Asset Management (Arden), a provider of hedge fund solutions with offices in New York and London, on 31 December, 2015.
This acquisition grows Aberdeen's global alternatives platform, which encompasses multi-manager research, selection and portfolio management for hedge-fund strategies, private equity and debt, property and other real asset investments, along with direct investments in infrastructure projects. Aberdeen can now offer its clients access and exposure to a universe of high-quality alternative investments, covering liquid strategies, private markets and real assets.
The combined hedge fund solutions team located in London and New York
Investment bankers are expecting relatively modest bonuses of under GBP25,000 on average this year, while Private Equity staff think theirs will exceed GBP100,000, according to research by recruitment firm Astbury Marsden.
Astbury Marsden says that investment bankers anticipate that their bonuses will be worth an average of GBP24,461 in this year’s compensation round – equivalent to 25 per cent of salary.
Those working in Private Equity have the highest expectations of any sector of the City – predicting average bonuses of GBP104,125 – or 71 per cent of salary.
Private bankers and wealth managers are the next most
EZTD, an operator of online trading platforms for binary options and FOREX, has qualified to trade on the OTCQX Best Market in the US.
EZTD began trading on OTCQX on 31 December, 2015, under the symbol “EZTD.” Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“Established in 2001, EZTD operates some of the most popular online trading platforms for binary options and FOREX in Europe,” says Jason Paltrowitz (pictured), Executive Vice President of Corporate Services at OTC Markets Group. “We welcome EZTD to the OTCQX market and look forward to helping grow
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