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Robert K Steel has joined investment advisory and asset management firm Perella Weinberg Partners as chief executive officer, with effect from 7 July 2014.
Joseph Perella will continue in an active role as chairman, while co-founders Terry Meguid and Peter Weinberg will remain in their roles as co-head of asset management and head of advisory, respectively.
Steel’s (pictured) career of almost 40 years in financial services includes both public and private sector experience. Most recently he was New York City’s Deputy Mayor for Economic Development under Mayor Michael Bloomberg, where he spearheaded the administration’s major redevelopment projects.
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Alternative investment management firm Evanston Capital Management (ECM) has appointed Carl Gargula as vice president – business development.
In this newly created role, Gargula will be responsible for marketing in the RIA, family office, bank, broker/dealer, and financial intermediary channels.
“Carl brings a wealth of experience in the RIA and high net worth channels, and we are very pleased to welcome him to ECM,” says Adam Blitz, chief executive and chief investment officer, Evanston Capital Management. “Carl will organise our marketing and communication efforts in these channels and help us assess needs and trends within that investor segment. We
BHA is to host the fourth Select Hedge Funds conference at Fenway Park – home of the Boston Red Sox – in Boston on 15 and 16 September 2014.
BHA Select Hedge Funds: Boston 2014 is a two day conference dedicated exclusively to one-on-one meetings between the premier hedge funds of 2014 with institutional and family office investors from around the globe.
Intimate introductory meetings will take place in the executive suites overlooking Fenway Park.
The event will include breakfast, lunch and dinner each day, entertainment, and networking opportunities.
Attendance at BHA Select Hedge Funds: Boston 2014
The international derivatives market Eurex Exchange is expanding its interest rate derivatives segment with the addition of physically deliverable Euro-Swap Futures, available from 1 September.
The new Euro-Swap Futures contracts are based on euro-denominated interest rate swaps with varying maturities (two, five, 10 and 30 years) and fixed rates.
On maturity of the futures contracts, a standardised euro-denominated interest-rate swap with the corresponding maturity and a fixed interest rate against a variable six-month Euribor rate will be delivered.
“The Euro-Swap Futures provide our participants with a cost-effective product which tracks the risk of the underlying with the margin
The Hedgeweek USA Award 2014s, presented today in NYC, brought together the leading names in the US hedge funds industry to celebrate the achievements of the best performing managers and service providers in 2013.
With 2014 starting positively for many hedge fund sectors, the industry is reaping the benefits of responding positively to growing regulatory demands while focusing on generating results for investors.
The awards were determined by the votes of Hedgeweek's 41,000 subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
The
Customers of Enyx will now be able to access nxFeed, the firm’s ultra-low latency FPGA-based market data distribution system, through Options’ Velocity market connectivity and application hosting service.
The solution enables users to access, via a single API, an ultra-low latency feed of filtered, normalised market data for ten key US equities markets (NYSE, Arca, Amex, NASDAQ, BX, PSX, BATS BYX, BATS BZX and Direct-Edge EDGA and EDGX), offering the levels of jitter-free and performance of FPGA technology while maintaining feature and accessibility levels offered by conventional software solutions.
The service is initially being offered from Options co-location facilities
Eurex Exchange, the international derivatives market of Deutsche Börse Group, is to extend its product range by introducing foreign exchange (FX) derivatives as a new asset class.
Effective 7 July 2014, exchange-traded currency futures and options will be offered on the following main currency pairs: EUR/USD, EUR/GBP, EUR/CHF, GBP/USD, GBP/CHF and USD/CHF.
“With this step we are making a further important contribution to increasing the transparency and safety of financial markets. We have tailored our products to market practices and want to provide efficient and effective access to our marketplace,” says Mehtap Dinc, member of the Eurex executive board.
With capital raising becoming even more of a Sisyphus-like exercise for hedge funds, any form of solution that can help make the process a little easier is welcome. Equally, investors are looking for more effective ways to screen, assess and ultimately reach out to managers in an increasingly cluttered market.
It was against this backdrop that HedgePo (short for hedge fund portal) was launched in April 2013 by Ryan Kalish (formerly of Stenham Asset Management) and David Tawil (formerly of Credit Suisse).
“HedgePo is essentially a tool that I felt was missing that I needed to do my job
US, UK and Hong Kong financial services regulators have increased their expenditure over the last seven years by 59.4 per cent, an average of 8.075 per cent each year, since the end of fiscal year 2006/07, according to Kinetic Partners.
The increase may be the product of growing pressure on regulatory agencies to deepen the scrutiny of those working in the financial services industry following the crash in 2008.
Kinetic Partners’ research found that the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA) and the Securities and Futures Commission of Hong Kong (SFC) had a
The European Energy Exchange (EEX) and the Kazakh commodity exchange Caspi JSC have concluded a cooperation agreement.
Signed on 15 May 2014 at the International Carbon Forum in Astana, Kazakhstan, both companies expressed their joint commitment to develop exchange-based emissions trading within the Kazakh emissions trading scheme.
“EEX supports the use of market-based instruments in climate policy and the long-term vision of a globally-linked emissions market,” says Peter Reitz, chief executive officer of EEX. “Therefore, we appreciate Kazakhstan’s engagement as the first Asian country to launch a national carbon market and are glad to support the development of Caspi
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