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Fifth Street Asset Management has appointed David A Heilbrunn as a Managing Director and member of the firm's Management Committee.
Heilbrunn will be responsible for driving growth across Fifth Street's businesses, specifically focusing on expanding its growing structured credit products platform, developing institutional client relationships and optimising the firm's various financing arrangements.
Heilbrunn joins Fifth Street with over 27 years of experience focused on institutional business development and structured credit products. Most recently, as a Managing Director of The Carlyle Group (Carlyle), Heilbrunn played a leading role in the creation of two non-traded business development companies raising over USD2.2 billion
From a performance perspective, Asia Pacific-focused hedge funds have really stood out from their global peers, not just over the last 12 months but over a two- three- and five-year period. For anyone who still needs reassuring that APAC hedge funds can deliver value, simply consider the following numbers, as detailed by Preqin in its March 2015 Hedge Fund Spotlight report.
Much of this performance is being driven by exposure to equity markets in what remain the key economic powerhouses of the region; namely India and China. Managers who are embedded in the region and well placed to understand the
The Lyxor Hedge Fund Index was up +0.1% in April. 3 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor LS Equity Long Bias Index (+4.5%), the Lyxor LS Equity Market Neutral Index (+2.4%), and the Lyxor Merger Arbitrage Index (+0.7%).
Oil prices rallied through the month from improved EIA forecasts and US stocks accumulation starting to slow down. The Greece-Troika negotiations paced markets headlines on roller-coaster mode. In the second half of the month, EMU markets got seized in the cross currents of profit taking and QE trades unwinding. Eurozone equities netted a
Convergex, an agency-focused global brokerage and trading related services provider, has appointed Kelli Annequin as the firm’s new Chief Marketing Officer (CMO).
"As Convergex expands and we grow our service offering, Kelli's proven ability to connect with diverse financial industry businesses and their clients will be paramount," says Eric Noll, Convergex president and chief executive officer. "Kelli's strategic marketing and brand building experience will be instrumental as we continue to raise our profile as a leading agency-focused broker-dealer."
In her role as CMO, Annequin will have responsibility for all global marketing and communications initiatives across all Convergex businesses, including equity
Maples Fund Services is celebrating a decade of ‘excellence and innovation’ as the firm marks the tenth anniversary of its formation in the Cayman Islands in 2005.
Maples Fund Services – a division of MaplesFS – now provides fund administration and accounting services to an international client base comprised of top tier financial institutions, fund managers, institutional investors and high net worth individuals, and operates in key onshore and offshore financial centres including Boston, the Cayman Islands, Dubai, Dublin, Hong Kong, Luxembourg, Montreal, New York and Singapore.
"This is a proud moment for our firm. I would like to thank all
CRYEX has filed an application with the Swedish Finansinspektionen (SFSA) to become a regulated clearing organisation and create a member-only marketplace with clearing and settlement for FX and digital currencies.
Cryex is managed by a highly experienced team of banking and exchange executives with a record across FX and capital markets, technology, regulatory, risk and security management.
Simon Nathanson, Chairman of Cryex Clearing AB and one of Sweden's most experienced exchange executives, says: “Cryex has a unique model to clearing and settlement and has all
Man Group’s latest trading statement for the quarter ended 31 March 2015 reveals that funds under management (FUM) are up 7 per cent to USD78.1 billion as at 31 March 2015 (31 December 2014: USD72.9 billion).
Current FUM are estimated at USD82.0 billion including USD2.4 billion related to the acquisitions of NewSmith and BAML fund of funds.
All Man’s managers achieved positive investment performance adding USD4.3 billion to FUM in the quarter and good performance across AHL’s range of strategies led to USD1.3 billion of positive investment movement in quant alternative strategies in the period.
Asset weighted outperformance of
In April, initial gains in several markets reversed as US data weakened versus expectations. In addition to a fall in the US dollar, European equities gave back their earlier positive returns, safe-haven sovereign bonds sold off and oil rallied significantly.
The US Dollar index was down 3.8 per cent; the DAX index was down 4.3 per cent in euro terms; German Bunds, US Treasuries and UK Gilts all sold off; and WTI crude oil futures rallied by 20.9 per cent. These reversals in key markets proved challenging for global macro hedge funds in April, however, traders expect many of the
Man GLG, the discretionary investment management business of Man Group, has appointed Simon Pickard and Edward Cole as portfolio managers of the soon to be launched Unconstrained Emerging Equity strategy.
Pickard and Cole join the firm from Carmignac Gestion, a leading European asset manager, and they bring 32 years of combined experience in financial markets.
Pickard was formerly head of emerging market equities at Carmignac Gestion, running its large and mid-cap Global Emerging Markets funds for the last six years. Pickard has worked in finance across EMEA and the Emerging Markets for over 18 years. He previously worked for
Sprott Asset Management has appointed Mark Wisniewski as Senior Portfolio Manager. Wisniewski is a fixed income specialist with a depth of experience in portfolio management and the trading and analysis of debt securities.
Over the course of his career, he has managed several significant fixed income mandates at some of Canada’s leading asset managers.
“Mark is a proven portfolio manager with decades of experience in fixed income investing and an excellent long-term track record,” says John Wilson, CEO and Co-CIO of Sprott “His addition strengthens our fixed income capabilities and positions us well in this core category. We are pleased
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