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Fund of funds specialist Titan Advisors has appointed Herman Laret, formerly of Credit Suisse, as a senior research analyst for the firm's manager research global macro team.
"Herman is a powerful addition to the firm's research team," says Tom Holliday, Titan chief investment officer. "His depth of experience and industry contacts will further enhance our capacity to source the hedge fund industry's most promising management talent."
With 24 years of experience in financial services, Laret joins Titan from Credit Suisse, where he was a managing director in global cross-asset macro product sales. He previously served as co-head of interest
Euronext has launched Spotlight Options on six companies listed on its Amsterdam market: Telegraaf Media Groep, Sligro Food Group, Exact Holding, Accell Group, Altice and BE Semiconductor Industries.
Spotlight Options give more visibility to underlying assets such as medium and smaller sized companies and newly listed stocks through a unique combination of liquidity provider support and strong promotion by sponsoring brokers.
Spotlight Options are a special segment on the Amsterdam and Brussels derivative markets of Euronext, dedicated to the development of new option classes requested by market participants.
The options will have short-term maturities of one, two and
Liquidnet saw record second quarter performance in Asia Pacific as the company benefited from strong demand across the region for safe access to block trading among large institutions.
Principal traded climbed to a record USD6 billion, marking a four per cent increase on the previous quarter which was also a record.
The region reported record average daily liquidity of USD11.6 billion, a nine per cent jump from Q1 2014.
The average trade size across the region during the quarter was around USD1.2 million, an increase of seven per cent over the first quarter.
Lee Porter, head of
Netagio, the UK-based digital currency broker, has launched the first British exchange enabling retail customers and institutional investors to trade gold, Bitcoins and GBP on a single peer-to-peer platform.
Customers from 114 countries around the world can now trade each asset class against each other on the exchange.
Netagio’s Bitcoin, gold and sterling exchange is designed for retail customers and institutional investors with an appetite for opportunity. For the first time, customers can build and trade a Bitcoin, gold and GBP portfolio, and trade in and out of Bitcoin vs gold vs GBP positions quickly and easily on a
Asian hedge funds returned an average of 1.69 per cent in June according to early estimates by index data provider Eurekahedge. That leaves the average Asian hedge fund up a modest 1.99 per cent for the year and a long way off achieving last year’s returns of +14.91 per cent.
CTA funds were fairly flat in June, up 0.09 per cent to leave them down-1.82 per cent for the first half of 2014. Fixed income returned +0.93 per cent, long/short equities returned +1.73 per cent, whilst event-driven funds returned +3.65 per cent. Fixed income and event-driven funds have delivered a
Global Advisors Jersey Limited (GAJL) has secured regulatory approval from the Jersey Financial Services Commission (JFSC) for a Bitcoin Investment fund.
The Global Advisors Bitcoin Investment Fund (GABI), which will launch on 1 August 2014, will operate within the Collective Investment Funds (Jersey) Law 1998 as an Expert Fund.
Daniel Masters, director of GAJL, says: “Global Advisors is thrilled to be able to bring a robust Bitcoin fund product to the market. Our long experience in commodities means we are well placed to manage volatility and performance risks in this fast growing and opportunistic asset class.
“Jersey, rightly
METIS Financial Network has launched an alternative investment marketplace allowing private equity, venture capital and hedge funds to market their offerings to a global network of accredited investors and advisors.
METIS Fund Portal allows all parties involved to manage data, documents and communications throughout the investment lifecycle.
Monterey Financial Services is the first company to use METIS Fund Portal to globally market its new USD50 million fund and manage the participating investors.
“We’re thrilled to launch METIS Fund Portal with Monterey on board,” says Joy Hou, CEO of METIS. “The Monterey team has been instrumental in contributing their
State Street Corporation has been selected by Blackstone Alternative Asset Management (BAAM) and Legg Mason for liquid alternatives fund servicing.
State Street offers reporting, compliance, accounting, custody, settlement and analytics services to liquid alternative fund managers and also services 14 of the top 25 liquid alternatives funds.
“Liquid alternatives present both opportunities and challenges for asset managers including distribution, organisation and operations,” says Alan Greene, executive vice president at State Street. “Our fully integrated technology platform takes care of the day-to-day back office functions of collateral management and offers one-stop shopping for reporting, compliance, accounting, custody, settlement and analytics.
The London Metal Exchange (LME) and Autilla have entered into a strategic alliance to deliver the new London Silver Price.
The alliance will link Autilla’s interbank bullion trading platform to the LME’s regulatory framework and infrastructure.
“Throughout the LBMA’s process, the market has consistently indicated that Autilla’s technology and the LME’s compliance and price discovery systems are market-leading, and LME and Autilla have received numerous requests from the market to provide a joint solution,” says Garry Jones, CEO of the LME. “By drawing together our respective bids we can offer a fully electronic version of the current pricing procedure,
BNP Paribas Investment Partners (BNPP IP) has relaunched BNP Paribas Private Equity as BNP Paribas Capital Partners (BNPP CP).
BNPP CP is led by Gilles Guérin who reports to Pascal Biville, head of strategy and finance for BNPP IP.
BNP Paribas Capital Partners will provide the following capabilities:
• Managing private equity fund of funds and related advisory activities, led by Jean-Marc Rivet Fusil;
• A selection of managers of alternative and absolute return strategies, led by Eric Debonnet;
• Operational support (infrastructure and administration) for private equity funds, headed by Patrick Perez, in addition to his role
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