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Gottex Fund Management has reported strong performance from its core products in the six month period ended 30 June 2014.
The firm’s bond substitution product, the alternative credit product, returned +4.9 per cent; its portable alpha multi index product +11.8 per cent; market neutral products +3.0 per cent; and multi-asset products +4.9 per cent.
The EIM transaction will complete this month, with operational cost synergies now estimated to reach USD15 million per annum and to be fully in place by Q2 2015.
Gottex’s operational loss before acquisition related charges of USD5.7 million (compared to a loss of USD1.4
Liquid Holdings Group has appointed financial services industry veterans Jeremy Shaw, Richard Boesch and Isaac Babani as senior financial engineers in the firm’s risk analytics team.
“Our new additions collectively bring a higher level of risk analytics expertise to our team,” says Bruce Cooper, chief technology officer at Liquid Holdings. “Today, our clients are benefitting from a single view of real-time performance and risk, side-by-side broker neutral execution, and compliance capabilities. These are key differentiators for Liquid. Jeremy, Richard and Isaac are hard at work building additional asset-class coverage in our OERMS, which will enable us to stay ahead of
Apex Fund Services has named Bill Salus as chief executive officer with immediate effect.
Salus will take over day-to-day running of Apex from current CEO Peter Hughes, who becomes chairman.
Hughes founded Apex 10 years ago.
Salus, based in the Apex New York office, will have a particular focus on the US market.
As chairman, Hughes will focus on building Apex’s Capital Introductory Service, which helps Apex clients access investor capital. Hughes will also manage Apex’s largest clients as well as concentrate on the company’s growth strategy including acquisitions and targeting large institutional funds.
Salus, who
ParFX, the wholesale global spot FX electronic trading platform, has completed the first trades via ParFX Prime, its new prime brokerage service for the buy-side FX community.
ParFX Prime was launched to enable buy-side customers to trade through their prime broker on a post-trade disclosed basis, alongside the growing community of banks already trading on the platform.
The first successful trades were completed on 28 August by London-based GSA Capital and New-York-based Virtu Financial. Prime banks live at the launch of the service include Citi and Deutsche Bank.
ParFX Prime is delivers full trade transparency, with executing broker,
2013 saw the highest level of annual distributions from private equity investments on record. Preqin explores the reasons for this significant increase in the amount of capital returned to investors and considers the impact this will have on the industry in the year ahead.
Record Levels
The latest data from Preqin’s Performance Analyst product shows that annual private equity distributions reached record levels in 2013; in 2013, a total of $388bn was called and $568bn distributed, compared to $492bn and $381bn in 2012 respectively. Although this is not the first time that distributions have increased significantly year on year or
Financial software provider Misys has launched Misys Connect, a suite of programmes giving customers direct access and links to the cross-functional teams and expertise they need.
Each category contains three value-added programmes which help clients derive the most benefit from Misys.
1. Strategic Advantage: Providing clients with access to the people, resources and capabilities necessary to help achieve growth and achieve competitive advantage.
2. Technological Edge: Ensuring Misys’ software products match customers’ business needs and that Misys delivers new, genuinely innovative customer-centric products and services.
3. Accelerated Deployment: Delivering the services required to ensure rapid deployment, fast
HedgeZ has launched a fund visibility and investor introduction programme for hedge funds, private equity funds and commodity trading advisers.
Coinciding with its one year anniversary, HedgeZ has completely redesigned its site with enhancements for both accredited investors and participating hedge funds.
HedgeZ was originally launched in September 2013 coinciding with the adoption of Title II of the JOBS Act, which for the first time allowed hedge funds to advertise to accredited investors.
Over 50,000 unique accredited investors have already visited HedgeZ, searching for hedge funds and other investments. Over 20,000 of these visitors have registered (registration for
REDI Holdings, provider of the REDIPlus execution management system (EMS), has appointed Michael Lax as head of EMEA sales.
Lax will be responsible for leading all sales and business development initiatives with the firm’s buyside clients and sell-side partners in the region.
“Regulatory forces and the general trend towards electronification, particularly in the derivatives markets, are driving a seismic shift for the trading community across EMEA,” says Sean Sullivan, global head of sales and marketing. “The buy-side requires partners who can help them not only survive but thrive amid this transformation. Given his background, expertise and insights, we expect
As part of a plan to strengthen JTC Group’s presence in London, Philip Burgin, group head of client services, will be based in JTC’s Mayfair office with effect from 15 September.
With over 19 years’ JTC experience across all three divisions – private client, corporate and funds – he is responsible for overseeing the ongoing development of JTC’s client services as well as the organic growth of the business.
In addition, Burgin’s role is focussed on raising the group’s profile as well as reinforcing existing – and forging new – relationships with its intermediary network.
“London, of course,
Gottex Fund Management has appointed James Hughes to its senior multi asset investment team in London, starting on 1 October.
Hughes joins as a managing director as well as member of the investment and strategy committee and will be in charge of institutional business development of the firm’s multi asset investment unit, reporting to Michael Azlen.
Hughes joins Gottex from HSBC, where he was group chief investment officer, HSBC Insurance and was the appointed representative on HSBC Global Asset Management's board. As group CIO, Hughes was responsible for assets totalling of more than USD95 billion across 14 countries globally
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