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Sigma Analysis & Management has appointed Dr Ranjan Bhaduri as chief research officer to expand the firm’s strategic capabilities in the hedge fund space.
Sigma has been working with large pension plans for 15 years to redefine the standards of transparency and provide a deeper dive approach built on rigorous analytics in hedge fund investing.
“Sigma’s mission is to empower investors with enhanced knowledge to make better hedge fund investment decisions,” says Luis Seco, president, chief executive officer and co-founder of Sigma. “Dr Bhaduri’s intellectual leadership over the years has been parallel to Sigma’s vision; his addition to our
Less than a third (28 per cent) of European financial industry participants believe that European equity markets are currently fair for all, and almost twice as many (28 per cent) believe that high frequency trading (HFT) is harmful as believe it is helpful (14 per cent).
That’s according to ConvergEx Group’s European Equity Market Structure Survey, which explores the concerns and actions of financial industry participants regarding HFT, regulatory oversight and market stability.
Despite these concerns, more than two-thirds (67 per cent) report that they have not made any changes to the way they interact with markets.
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Law firm Reed Smith has appointed partner Winston Penhall and associate Matt Evans to its funds group in London.
Both Penhall and Evans re-join Reed Smith following their moves to KPMG, in 2012 and 2013 respectively, where Penhall was the founder and leader of the KPMG funds law team.
Penhall has a broad funds practice, advising on the formation of alternative investment funds, including: hedge funds and private equity funds; the establishment of onshore and offshore investment managers; the review and negotiation of fund wrapped and managed account investments for institutional investors; and the drafting and negotiation of manager
Twelve Capital is closing it Private Debt strategy to investment from 30 May until 31 December.
The strategy has attracted subscriptions of more than USD400m since it launched in November 2013.
During the closure, which Twelve Capital feels is in the best interests of existing investors, redemptions and all other investment procedures will continue to operate as normal. In particular, subscriptions which we accepted prior to this closure or mandates which are currently in ongoing negotiations, will not be concerned.
Urs Ramseier (pictured), chairman of Twelve Capital, says: “We are very happy about the success of our Insurance Private
The US Commodity Futures Trading Commission (CFTC) has issued an order against RP Martin Holdings Limited, and its subsidiary Martin Brokers (UK) Limited, filing and settling charges of manipulation and attempted manipulation of the London Interbank Offered Rate (Libor) for Yen.
The CFTC order finds that, from at least September 2008 through at least August 2009, RP Martin brokers on its Yen desk at times knowingly disseminated false and misleading information concerning Yen borrowing rates to market participants in attempts to manipulate, at times successfully, the official fixing of the daily Yen Libor.
RP Martin brokers did so primarily
The Credit Suisse Hedge Fund Index finished down 0.21 per cent in April, with six of the ten sub-strategies ending the month in positive territory.
Dedicated Short Bias led the way with a return of 3.77 per cent, followed by Fixed Income Arbitrage (0.44 per cent), Managed Futures (0.42 per cent) and Convertible Arbitrage (0.33 per cent).
Long/Short Equity was the worst performer for the month finishing down 1.03 per cent, while Market Neutral (-0.70 per cent), Emerging Markets (-0.58 per cent) and Multi-Strategy (-0.43 per cent) also finished in negative territory.
BNP Paribas is the latest member on the TOM (The Order Machine) MTF derivatives market.
TOM MTF currently has a stable market share in the Netherlands of around 30 per cent, a figure the firm expects to grow to 40 to 50 per cent later this year.
Currently more than 50 per cent of the Dutch retail flow is executed on TOM MTF.
Willem Meijer, chief executive of TOM, says: “We are delighted that an institutional firm with the international reputation of BNP Paribas will join TOM. The membership of BNP Paribas is a good signal towards both
With rumours of a Chinese national property bubble set to imminently burst, and continued negative growth figures, Maarten-Jan Bakkum (pictured), Senior Emerging Market Strategist at ING Investment Management (ING IM) offers his views on this country’s rapidly declining outlook.
In our quant screens, China currently has the weakest growth momentum of all emerging economies. In particular sales and price dynamics in the real estate sector continue to be outright negative. After the double-digit sales growth declines in Q1, April numbers are still bad. For Beijing and Shanghai, sales volumes declined by 18% and 17%, respectively, in the first three weeks
Atlantic Fund Services (AFS) has launched services for funds in Austria – the company’s seventh market around the world and its third new market in 2014.
As well as its home market, the Polish company also offers its services in Luxembourg, the US, the Czech Republic, Slovakia, Liechtenstein, and now Austria.
“In the past three years we have taken huge steps down the path of international growth of the company. Not long ago we were present only in Poland and the US, we are now in seven markets,” says Roman Lewszyk, CEO of Atlantic Fund Services operations in Europe.
Angus Taylor has joined JTC Group as group head of fund services.
He joins JTC from Herald Trust Company, where he worked as the managing director since 2012.
Prior to that, Taylor’s role was deputy chief executive officer for Kleinwort Benson Private Bank.
Taylor will primarily be responsible for leading the growth strategy for the JTC Fund Services division across all of the group’s international jurisdictions.
JTC Group's international funds team administers both closed and open ended funds established in Guernsey, Jersey, Luxembourg and the UK, as well as other non-domiciled fund structures in financial centres such
