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Man Group is marking the 20th anniversary of Man GLG, the group’s discretionary fund manager and one of the most established names in the global hedge fund industry.
GLG, which has played a role in the development and advancement of the hedge fund industry over the past two decades, was founded in 1995 as a division of Lehman Brothers. The firm became an independent business at the turn of the millennium, and listed on the New York Stock Exchange in 2007. When it was acquired by Man Group in 2010, GLG expanded its global footprint and gained a robust risk
Ogier has added a new commercial litigation barrister to its team in the British Virgin Islands (BVI).
Brian Lacy (pictured), who has experience of civil fraud, insolvency and trust disputes, joins the firm as a partner, increasing the law firm’s global partnership to 51.
Ogier partner Ray Wearmouth says: “Brian’s wealth of experience makes him a very strong addition to our busy and growing BVI and global dispute resolution teams. Brian’s arrival further compliments the business that partner Andrew Wanambwa has been building since he joined Ogier.”
Lacy has been involved in many of the most significant cases
Eze Castle Integration has brought its cloud-based voice solution, Eze Voice, to the United Kingdom with the aim of ‘increasing efficiencies for the hedge fund and alternative investment verticals’.
Eze Voice leverages Eze Castle Integration’s global cloud platform, Eze Private Cloud and is designed to allow flexible, real-time collaboration among colleagues. Additionally, with Eze Voice, traders can have push-button access from their desk phones to their brokers via automatic ringdowns that are integrated into the system.
Eze Voice is designed to eliminate the need for costly and complex networks, hardware and software, but still provide high-quality sound, reliability and responsiveness and
The CFTC has charged Chicago trader Igor B Oystacher and his trading company, 3 Red Trading, with spoofing and the use of a ‘manipulative and deceptive device’ while trading futures on four different exchanges.
According to the CFTC Complaint, on at least 51 trading days between December 2011 and January 2014, Oystacher and 3 Red intentionally and repeatedly engaged in a manipulative and deceptive spoofing scheme while trading in at least five futures products on at least four exchanges: the E-Mini S&P 500 (S&P 500) futures contracts on the Chicago Mercantile Exchange (CME); crude oil and natural gas futures contracts
Hedge funds were down 1.43 per cent in September, the fourth consecutive monthly loss, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is down 1.21 per cent year to date.
“Investor uncertainty fueled by weak growth numbers in the US and China, along with the Fed’s reluctance to raise US interest rates, triggered a global selloff in equities, commodities, and high yield bonds,” says Sol Waksman (pictured), founder and president of BarclayHedge.
All but one of Barclay’s 18 hedge fund indices lost ground in September. The Healthcare & Biotechnology Index dropped 5.90 per cent, adding to its
The Securities and Exchange Commission (SEC) has for the first time used aggregated data reported by hedge fund and private equity advisers on Form ADV and Form PF to publish a report on private fund industry statistics and trends.
The report, which includes more than 50 separate tables and figures, includes statistics about the distribution of borrowings, an analysis of hedge fund gross notional exposure to net asset value, and a comparison of average hedge fund investor and hedge fund portfolio liquidity.
“We believe that investors evaluating investments in private funds will benefit from access to this additional information about
The Hedge Fund Standards Board has issued a 10-page cybersecurity memorandum detailing a number of quick fix cybersecurity action items that managers can undertake, and outlining some of the main cybersecurity projects to enhance firms’ resilience to cyber-attacks.
Click here to read the memorandum.
What has changed since the end-of-August market debacle?
Multi-strategy hedge fund manager Deimos Asset Management has appointed Charles Slotnik as a Managing Director and Portfolio Manager. Slotnik will focus on building and managing a portfolio of investments in event arbitrage.
Prior to Deimos, Slotnik spent the last 20 years managing portfolios focused on event arbitrage at Carlson Capital, Brookline Avenue Partners and Slotnik Capital Management.
Slotnik is the third portfolio manager to join Deimos since July, following the additions of Paul Orwicz and James Warner. These new hires are in line with Deimos' business strategy of developing a suite of hedge fund products, expected to include a multi-strategy hedge
Jersey is successfully leveraging its appeal as a leading alternative funds domicile to attract innovative technology and software businesses that support the European asset manager community.
TORA, a technology and financial services company focusing on the investment management space, is the latest company to relocate to Jersey this summer and underlines Jersey’s position as a centre for both financial and digital services.
Having been founded in 2004, TORA has grown a strong international institutional client base and is now establishing a presence in Jersey in order to build out its European business. The new business in Jersey will be
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