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Jay Gould and Michael Wu have joined Winston & Strawn’s San Francisco office as partners. Gould will co-chair Winston’s Financial Services and Investment Management practice.
They joined Winston with an integrated team of partners from another AmLaw 100 law firm. Their practices will provide enhanced and expanded services to investment funds, investment advisers, and other regulated financial market participants.
Gould counsels clients involved in all aspects of the financial services industry, including registered investment companies, hedge funds, offshore investment companies, investment advisers, and broker-dealers. He previously served as chief counsel for E*TRADE Global Asset Management, Inc., vice president with TransAmerica
Borsa İstanbul is to acquire the London Metal Exchange’s (LME) stake in clearing house LCH.Clearnet. In addition and Borsa İstanbul is to partner with the LME and the LME’s parent company Hong Kong Exchanges and Clearing (HKEx), on the dissemination of market data.
“As the world centre for industrial metals trading, the LME is committed to identifying new ways to expand internationally and to working with strategic partners to better serve our markets. We are delighted to announce this partnership with Borsa İstanbul, and the HKEx Group looks forward to working with them on future initiatives, not only in data
Mitsubishi UFJ Fund Services (Mitsubishi UFJ), has appointed Ken McCarney as Chief Executive Officer.
The position was previously held by Glenn Henderson, who is retiring from his role and will remain an advisor at the firm. McCarney retains his current position as Chief Operating Officer.
McCarney has more than 20 years’ experience in the financial services industry. He joined Mitsubishi UFJ in 2007, establishing the Dublin office and growing it to 170 staff members. Most recently Mr.McCarney was instrumental in the acquisition of Meridian Fund Services and integrating their clients onto Mitsubishi UFJ’s global asset administration platform. McCarney is
ERG Asset Management has appointed Guy Locke as Senior Advisor to the firm.
Most recently Locke was a Partner with Walkers, attorneys at law in the Cayman Islands, and was head of the firm’s Global Insolvency and Restructuring Group for over 10 years.
Commenting, George O'Dowd, Co-President of ERG, says: “Guy’s extensive experience in dealing with distressed fund situations such as Long Term Capital and the Bear Stearns High-Grade and Enhanced Leverage funds combined with his legal and practical knowledge of portfolio illiquidity issues further broadens our asset management capability. We look forward to working with Guy’s deep
In an extract from March’s edition of the Preqin Infrastructure Spotlight, Stephen Yates examines the latest data on African infrastructure, including deal flow, notable deals in recent years and the growing number of investors targeting investment in Africa.
Preqin’s Infrastructure Deals feature on Infrastructure Online includes extensive information on almost 11,000 completed transactions in infrastructure assets globally. These deals involve a variety of investors, ranging from infrastructure fund managers and direct institutional investors to industry players such as developers, contractors and other industry-specific trade investors. In excess of 7,200 transactions have been completed since 2007, with an estimated deal
Societe Generalehas been appointed as clearing broker and certificate issuer to a range of funds managed by Progressive Capital Partners, a Swiss based alternative investment management group.
Societe Generale Securities Services has also been appointed Custodian to the funds.
Societe Generale’s appointment relates to Progressive’s new Linden Core Fund 1x and Linden Core Fund 2x, which are both Irish-domiciled and have been authorised as UCITS compliant. The funds are part of a growing range offered by Progressive, which now has assets under management of more than USD680 million.
Andrew Dollery, Director, Societe Generale Prime Services, says: “Progressive Capital
Ares Management has appointed Michael R McFerran as Executive Vice President, Chief Financial Officer and Treasurer, effective 23 March, 2015. McFerran will assume firm-wide responsibilities.
McFerran was previously a Managing Director at Kohlberg Kravis Roberts & Co (KKR) where he served as the Chief Financial Officer of KKR’s credit business and was the Chief Operating Officer and Chief Financial Officer of KKR Financial Holdings LLC (NYSE: KFN). Prior to joining KKR in 2005, McFerran spent the majority of his career at Ernst & Young LLP in its financial services industry practice where he specialised in providing assurance and advisory services
Clarient Entity Hub, a new service designed to simplify client data and document management, is now live and operational with five of the world’s leading banks and asset managers inc
TMF Group has agreed with the management team of its fund services division, TMF Custom House, the creation of an independent, stand-alone Custom House Fund Services.
The heads of terms was signed at the end of 2014 with Mark Hedderman (CEO of Custom House, prior to its purchase by TMF Group) and James Osborne (a long-time Director of Custom House) to purchase TMF Group’s Fund Services business. The transaction will now be submitted for regulatory approval.
The deal perimeter includes all of TMF Group’s fund services operations in eight global locations – Australia, Singapore, Hong Kong, Bulgaria, Malta, Netherlands,
Hedge funds were up 2.25% in February, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 2.14% year to date.
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