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Morgan Creek Capital Management has appointed Michael Forstl as a Managing Director and Head of Intermediary Distribution.
In his new role, Forstl will lead the firm's wealth management distribution efforts as well as designing new products that leverage Morgan Creek's unique approach to investing and asset management.
Forstl brings over 25 years of experience in the sale and distribution of a wide array of investment solutions. Most recently, he consulted for financial institutions on the development, launch and distribution of new and existing products. His efforts included working with UBS, BNY Mellon, Richard Bernstein Advisors, and ETF Global.
"When
Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months:
The infrastructure fundraising market in 2014 saw a slight drop in total capital raised, from USD44bn in 2013 to USD38bn in 2014. Yet a more significant drop was seen in the number of funds reaching a final close; 2013 saw 69 funds reach a final close, compared to just 42 funds in 2014. As such, the average infrastructure fund size has
Ahead of the release of the IEA’s Oil Market Report on Friday, 16 January, Optima’s Graham Martin gives his assessment of the oil market for investors…
With such a fall in oil prices investors tend to stay on the sidelines till they are comfortable the price has reached the bottom. Of course once that happens, the price should rise quite quickly on oil and oil related stocks. The market will anticipate and recover in price ahead of the data which shows the actual increase in demand and/or decrease in supply. Thus for long term investors, buying into energy at these levels
Corporate, fund and private client services provider JTC Group has marked its 27th consecutive year of growth with the launch of a refreshed global brand.
The launch of JTC’s new look comes after another successful year, which saw the firm continue its strategic expansion plan, growing its Assets Under Administration (AUA) to more than GBP25bn across its three core divisions, expanding its global footprint to have a presence in 17 jurisdictions, growing its volume of clients to over 2,000, and increasing its global staff headcount to over 300.
JTC highlights from 2014 include acquiring a book of private client business
Kelley Drye & Warren has appointed Michael A Adelstein as a partner in the firm's Corporate Practice in the New York office.
Adelstein is one of the foremost lawyers in the field of alternative investments, representing hedge funds, placement agents, companies, family offices and other private investment vehicles in the structuring, negotiation and development of PIPEs (private investment in public equity) and registered direct transactions.
Adelstein also advises on initial public offerings, primary and secondary offerings, CMPOs, ADR/ADS offerings, special purpose acquisition companies (SPACs), 144A offerings, venture capital, private equity and convertible securities transactions. He represents investors, placement agents and
Estlander & Partners has launched a new systematic fund – the E&P Commodity Fund – which is focused exclusively on the commodities sector.
The fund began trading on 24 November 2014 with assets approaching USD30 million with backing from a large Nordic institution. The fund vehicle is only available for professional investors in specific jurisdictions within the approved regulatory framework. The strategy will also be made available as managed accounts to institutional and high net-worth investors.
The 100% systematic investment strategy is based on two years’ detailed research by the E&P team based in two of Finland’s leading university
Lyxor Asset Management has partnered with Capricorn Capital Partners to launch the Lyxor / Capricorn GEM Strategy Fund, a new UCITS-compliant long/short global emerging market equity strategy.
The fund, which expands Lyxor’s Alternative UCITS offering, seeks to achieve capital appreciation regardless of market conditions by taking long and short exposures in emerging market large cap equities, with a focus on liquidity and volatility. The investment team searches for opportunities with either upside potential (longs) or downside risk (shorts). As regards long positions, the team focuses on companies benefiting from a sustainable competitive advantage, an entrepreneurial mindset and a potential to
Franklin Square has hired Berta Aldrich to serve as the firm's Chief Marketing Office (CMO).
Aldrich joins the firm after spending the last 10 years with Vanguard, where she held executive positions in marketing strategy and planning, loyalty operations and investment education."Berta is a highly respected marketer and educator in our industry and we are delighted she has joined Franklin Square," says Michael C Forman, Chairman and CEO, Franklin Square. "Berta will help us further strengthen our position as a leader in alternative investments and our support for client and investor education programs."
In her most recent position as Head
UBS Securities (UBS) has extended its broad usage of Orc’s Electronic Execution solution to facilitate DMA on the Australian Stock Exchange (ASX) and the Chicago Mercantile Exchange (CME).
Using the extended solution, UBS leverages Orc’s low-latency market access and a new version of the integrated pre-trade risk management product, Orc Flow Control.
Since 2007, UBS has applied Orc solutions to deliver on their customers’ global DMA requirements. The expanded offering now provided by UBS can be used to serve customer trading originating from either Orc’s trading tools or any other trading system.
Orc Flow Control provides comprehensive multi-market pre-trade risk
Two exchanges formerly owned by Direct Edge Holdings and since acquired by BATS Global Markets are to pay a USD14 million penalty to settle SEC charges that their rules failed to accurately describe the order types being used on the exchanges.
The penalty is the SEC’s largest against a national securities exchange, and the case is the SEC’s first principally focusing on stock exchange order types.
An SEC investigation found that while operating under rules that described a single “price sliding” process for handling buy or sell orders, the EDGA Exchange and EDGX Exchange actually offered three variations of
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