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Euronext saw third party quarterly revenue increase by 5.2 per cent on an adjusted basis in Q2 2014 to EUR116.3 million, or 16.9 per cent on a reported basis.
Quarterly operational expenses excluding depreciation and amortisation were kept under tight control, decreasing by 8.5 per cent compared to Q2 2013 adjusted (increase by 0.4 per cent compared to Q2 2013 reported).
“Euronext has achieved significant milestones in the first six months of the year,” says Dominique Cerutti, CEO and chairman of the managing board of Euronext NV. “In this tight timeframe, the team successfully separated our company from ICE and
“We are focused on global equity because that tends to be the first thing Asian investors consider when diversifying away from domestic equity,” explains Yu-Ming Wang (pictured), global head of investment at Nikko Asset Management.
This week in London, Nikko AM introduced a new team of six portfolio managers led by Will Low who previously managed the high-alpha equity team at Scottish Widows Investment Partnership (SWIP). The team will continue to operate out of Edinburgh.
“Our footprint is very much Asia-based. Investors there are looking to diversify outside of their domestic markets whether they be Japan, China, Singapore. That
Neuberger Berman Group has expanded its global consultant relations team with the appointment of four senior professionals.
The new recruits are:
Rhoni Wiswall, managing director, US West Coast coverage. Wiswall previously served as head of consultant relations at Crestline Investors.
Dimitri Stathopoulos, managing director, US Midwest coverage. Stathopoulos previously served as global head of consultant relations at Nuveen Investments.
Peter Andjelkovich, vice president, US Midwest coverage. Before joining Neuberger Berman, Andjelkovich served as a consultant relations professional at Ariel Investments.
Jolie Cornelius, senior vice president, UK coverage. Before joining Neuberger Berman Cornelius served as an investor
QuantX Management has hired two hedge fund veterans to strengthen its core investment and operational team: Alexander Masotti as president and chief operating officer and Robert Parauda as chief investment officer.
Both Masotti and Parauda join QuantX from institutional asset management firms.
Masotti joins QuantX having performed a variety of leadership roles in operational, legal, compliance, and investor relations at two multi-billion dollar asset management firms. One was a European based quantitative hedge fund, the other, Copper River Management, was a short-biased equity hedge fund. He was most recently chief operating officer at Park City Capital, an emerging long/short equity
Wilshire Associates has launched two indices designed to provide insight into liquid alternatives.
The Wilshire Liquid Alternative Index aims to deliver a precise, broad market measure for the performance of diversified liquid alternative investment strategies that are implemented in mutual fund structures.
The Wilshire Focused Liquid Alternative Index is an optimised subset of the broad market index that embeds intelligent screening criteria and is designed to help firms build investable products, such as ETFs. Constituent fund inclusion for the Focused Liquid Alternative Index is based on Wilshire Funds Management’s proprietary research methodology, which can be further customised to meet
Quad Advisors, a hedge fund incubator and accelerator, has signed two growing hedge funds as its first resident firms.
Quad Advisors provides small and mid-size hedge funds a scalable trading platform, in-house analyst research, risk assessment, accounting and technology services, as well as access to Quad and investor capital.
"This is the next step in the continuing evolution of Quad," says John Guarino, managing partner of Quad. "Hedge funds we accept into Quad Advisors have instant access to capital and benefit from our lower cost and expense structure. We view this as a natural extension of our business, and
Ledbury Capital Partners has selected Wells Fargo Global Fund Services to provide daily fund administration and an outsourced middle and back office operations solution for the Ledbury Capital Master Fund Ltd, which launched in July 2014.
“We were impressed by Wells Fargo’s reporting capabilities and ability to work across multiple asset classes,” says Chude Chidi-Ofong, chief operating officer for Ledbury Partners. “In addition, Wells Fargo’s balance sheet, reputation and credibility in the market place was essential in giving our investors confidence in our choice of administrator.”
"The team at Ledbury Partners has significant experience in European equities and we
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has appointed Brian Lozada as director of information security.
Based in New York, Lozada will report to Viktor Tadijanovic, chief technology officer of Abacus Group.
Lozada brings over 14 years’ experience in information security and will be responsible for the development of current and new Abacus security solutions that help financial institutions to protect their enterprise systems, applications and data from cyber intrusions.
Most recently, he was the director of information security at Condé Nast, where he was responsible for overseeing the security
Alternative mutual funds are expected to double their share of total mutual fund assets, according to research from Cerulli Associates.
"Alternative assets are expected to grow with robust momentum, and double their share of total mutual fund assets in the next two years," says Michele Giuditta, associate director at Cerulli.
This research comes from Cerulli's latest report, Alternative Products and Strategies 2014: Identifying Opportunities in a Dynamic Investment Landscape, a sourcebook focused on the US retail and institutional alternative product landscape, including distribution and product development trends.
"As of year-end 2013, alternative mutual fund assets made up just
Hedge fund law firm Kleinberg, Kaplan, Wolff & Cohen has appointed Joseph Iskowitz as a partner in the hedge fund practice.
He previously was a partner in the New York office of Katten Muchin Rosenman.
Iskowitz focuses his practice on the formation and structuring of domestic and offshore investment funds, including hedge funds and private equity funds, and advises funds on operational, securities, corporate and compliance issues. He also represents fund managers, investors and third-party marketers of private investment pools.
On behalf of his clients, Iskowitz structures and negotiates seed arrangements and joint ventures between multiple investment
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