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Gramercy Funds Management has appointed Sarah Glendon to the new position of Senior Vice President, Sovereign Economist.
Glendon's emerging markets sovereign risk expertise will enhance Gramercy's ability to identify and interpret global market trends and movements, as well as their underlying influencing factors. Her addition brings the credit research team to 15 analysts.
"Sarah's insight into the short- and long-term impact that global market trends have on emerging markets credit will strengthen our overall investment capabilities providing a measurable benefit to our clients," says Robert Koenigsberger, Gramercy's Managing Partner, Founder and Chief Investment Officer.
"I am delighted to
Amundi has appointed Benedicte Rabier as Senior Product Specialist, Amundi Alternative Investments, based in the firm’s London office.
Rabier will help to drive the development of Amundi’s alternative investment solutions notably for the UK market including relationships with local consultants. She reports to Michael Hart, Deputy Chief Executive Officer of Amundi Alternative Investments, who also recently joined the Group in London.
Rabier has over 13 years’ experience within Alternative investments. Before joining Amundi AI, she worked as a Sector Specialist focused on alternative investments for Allenbridge Epic. For the previous 10 years, Rabier worked as a trader on the equity
Ben Eaton (pictured), a UK tax partner in Goodwin Procter’s London office, comments on the Finance Bill 2015 draft clauses published by the UK government…
In labelling some payments to investment managers as “disguised fee income”, this is the latest example in a trend on the part of HMRC to label many perfectly commercial arrangements as some other type of arrangement “in disguise” in order to collect a greater amount of tax. If this approach continues to become more widespread it will sow further uncertainty into our already over-complex tax regime.
While the Government’s confirmation that this legislation isn’t targeted
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2014 measured 1.13%.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.43% in December.
"In line with historical patterns, 2014 closes with positive net flows and slightly higher activity for both subscriptions and redemptions," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
SS&C GlobeOp Hedge Fund Performance Index
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the
Hedge fund launches slow as assets, global equities reach record levels, says HFR
New hedge fund launches slowed to conclude the volatile third quarter as total hedge fund industry capital posted a narrow gain to rise to a new record of USD2.82 trillion.
New launches fell to 240 in 3Q14, the lowest quarter since one year ago in Q3 2013, as reported in the latest HFR Market Microstructure Industry Repor. Year to date, 814 new funds have launched while new launches in the trailing four quarters totalled 1,058, in line with the full-year total for 2013 (1,060), which was the
Financial service advisory firm Kinetic Partners has expanded its global offering by opening two new offices, one in Chicago and one in Singapore.
Kinetic Partners’ Chicago office, led by Associate Director Kathryn Lattner, will have a team focused on Forensic & Dispute Advisory and Corporate Recovery services. The new office is based in the River North neighbourhood of Chicago, next to the city’s prominent global financial district.
Kinetic Partners’ office in Singapore, located in Raffles Place and headed up by Associate Director Eddie Lim, will provide clients with tailored regulatory compliance advisory and consulting as well as a range of
Eurex is to license Global Markets Exchange Group’s (GMEX) Euro-denominated Constant Maturity Future (CMF) for trading via Eurex’s Multilateral Trade Registration (MTR) service and clearing on Eurex Clearing.
The CMF is based on the Interest Rate Swap Index Average (IRSIA) and accurately tracks the interest rate exposure at each point on the yield curve by removing the expiry date and marking the contract to market against an IRSIA Constant Maturity Index on a daily basis. Thereby the contract facilitates the management of interest rate exposure without a constant need to re-adjust and maintains the liquidity of a given maturity from
CBOE Holdings has entered into a licensing agreement with MSCI to offer US options trading on several MSCI indexes, which will be solely listed for trading on the Chicago Board Options Exchange (CBOE).
The six indexes included in the agreement are the MSCI EAFE Index, MSCI Emerging Markets Index, MSCI ACWI Index, MSCI USA Index, MSCI World Index and the MSCI ACWI ex-USA Index.
CBOE plans to offer options trading in the first quarter of 2015, pending regulatory approval, on two of MSCI's best-known indexes: the MSCI EAFE Index and the MSCI Emerging Markets Index. CBOE plans to list options
Castle Harbour Securities has appointed Eric Daniel, the former Head of Equity Derivatives and Convertible Bond Sales at Citigroup in Paris, to co-manage its new global convertible bond fund.
He will run the Castle Harbour R&D – Pure Global Convertibles Fund with Damien Regnier, previously Portfolio Manager for global convertible bonds at Deutsche Asset & Wealth Management, who joined Castle Harbour Securities in October.
The boutique financial firm, which provides a range of merchant banking, asset management, trading and advisory services, has also nominated the following people to the fund’s Investment Committee: Kais Laouiti, MD, Castle Harbour Securities; Josh
Following on from the publication of the results of the firm’s global smart beta survey back in April, which highlighted the perceptions and adoption of smart beta among nearly 200 institutional asset owners, Russell Indexes has now published further findings from the survey in a new report.
This new report offers additional insights on smart beta implementation strategies and further demonstrates asset owners’ growing interest in and adoption of smart beta strategies and how they can best fit within investment portfolios.
It provides additional insights for investors who are considering an allocation of smart beta strategies within their portfolios –
