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Calamos Investments has strengthened its position in the global alternatives space with the acquisition of San Francisco-based global long/short manager Phineus Partners.
Founded in 2002 by Michael Grant, Phineus is a fundamentally-driven investment firm that, like Calamos, employs a blend of bottom-up and top-down considerations and has built customised portfolios for private investors, families, endowments and institutions.
"Following a rigorous due diligence process, we are impressed with the investment capabilities that Michael and his team have built," says John P Calamos, Sr (pictured), CEO and Global Co-Chief Investment Officer. "Michael and his team will be a great addition to
Chicago-based alternative investment manager Aurora Investment Management has provided early stage capital to investment funds managed by healthcare-focused long/short equity fund manager Copernicus Capital Management.
Copernicus Capital Management was founded by John Rende (pictured) in early 2013. Prior to Copernicus, he was the Senior Portfolio Manager responsible for the long/short healthcare portfolio at Weintraub Capital Management, LLC, a multi-strategy hedge fund based in San Francisco. Previous to Weintraub, Rende worked for Wells Fargo as a credit and fixed income analyst and as a Portfolio Manager in its Asset Management Group. Rende began his career in healthcare at American Bionetics, a
NexPoint Credit Strategies Fund is to execute a 1-for-4 reverse stock split of the fund's issued and outstanding shares to take effect on 6 October, 2015.
As a result of the reverse stock split, every four outstanding Fund shares will be converted into one share, thereby reducing by a factor of four the number of shares outstanding. Each stockholder will hold the same percentage of the Fund's outstanding common stock immediately following the reverse stock split as such stockholder held immediately prior to the reverse stock split, subject to adjustments for fractional shares resulting from the reverse stock split. Stockholders will be
Chicago-based commodity hedge fund Aventis Asset Management, has hired Keith Byers (pictured) as Managing Director Business Development.
Effective 1 September, 2015, Byers is responsible for the strategic planning and implementation of all Business Development efforts for Aventis.
Byers brings twenty years of sales, marketing and client servicing experience in the Managed Futures Industry to his role at Aventis. Prior to joining Aventis, Byers was a Managing Director at Trigon Investment Advisors and Chesapeake Capital Corporation.
“We are excited to add Keith to our team as he brings a wealth of industry knowledge and experience which will help us
Lazard Asset Management (LAM) has launched the Lazard European Alternative Fund, which is UCITS compliant, utilises bottom up stock selection and is a liquid portfolio of approximately 60 long and short positions in European large- and mid-cap companies.
The Fund will be managed out of London by Leopold Arminjon (pictured). He will be supported by Portfolio Manager/Analyst, Nitin Arora, who recently joined from HSBC, where for the past five years he was a lead equity research analyst covering asset managers, specialist lenders and international dealer brokers as well as European investment banks.
Arminjon, who began working in the investment
The Alternative Investment Management Association (AIMA), has marked its 25th anniversary with a series of events including a charity dinner for member firms that raised over GBP125,000 for the NSPCC, the children’s charity.
Close to 300 guests attended the AIMA 25th Anniversary Charity Dinner at the Guildhall in London. The funds raised will enable the NSPCC to reach 25,000 more children through its pioneering Schools Service, delivered by trained volunteers who go into primary schools across the UK to talk to children about abuse and how to stay safe.
The Charity Dinner, which featured keynote speeches by Emmanuel “Manny”
Wells Fargo’s Global Fund Services has launched Fund View, an operational system for managing and analysing the middle- and back-office operations, fund accounting, and regulatory and investor servicing functions of hedge funds and private equity funds.
"Fund View provides managers with operational information on a real-time basis enabling them to better manage and analyse post-trade activities,” says Christopher Kundro (pictured), head of Global Fund Services. “It will provide our customers with the critical information they need for monitoring and measuring operational activities, analysing and mitigating operational risk, and ultimately ensuring that their funds are operating efficiently and effectively.”
Fund
Moscow Exchange securities broker BCS Financial Group has made its first move into the North American market with the acquisition of Alforma Capital Markets, the wholly-owned New York-based subsidiary of Alfa-Bank.
BCS’ holding company and AO Alfa-Bank have signed an agreement where BCS will acquire 100% shares in the US broker/dealer upon receipt of US regulatory approvals. The company is due to be rebranded as BCS Americas Inc., and current CEO, David Denson will continue in his position. The business will continue to provide brokerage and investment services to US-based institutional clients seeking to access Russian markets.
Both parties
AIP Private Capital (AIPPC) and AIP Asset Management (AIPAM), as security agent on behalf of certain of its funds, accounts and partners, are to acquires USD5 million in secured convertible notes and secured non-convertible from Capital Guardian Holding.
Each Holder has the right to convert at any time the convertible notes held by it into voting membership interests of Capital Guardian.
Capital Guardian is a specialist in the Independent Securities Brokerage business and is a diversified hybrid Broker-Dealer, RIA, and Wealth Management firm with corporate offices in New York, Palm Beach, Miami, Naples, and Charlotte. Capital Guardian has approximately
The Boston Company Asset Management LLC. (TBC), a subsidiary of Bank of New York Mellon Investment Management, has selected Portware Enterprise to support its global equities and FX trading.
Through an integration with Portware’s Alpha Vision, TBC can monitor real-time market conditions to maximise execution performance, increase trading efficiency through cutting edge visualisations and better manage broker commissions.
Portware was selected as The Boston Company’s multi-asset trading solution after a competitive evaluation for its industry-leading trade analytics, advanced transaction cost analysis (TCA) and adaptability to address TBC’s complex and unique workflows. TBC specialises in traditional and alternative strategies that
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