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Exchange Data International (EDI), a provider of global securities data, has launched the African Economic Data Service (AFED), a source of macroeconomic and financial data for all 54 countries in Africa.
For the first time, this new service provides AFED’s clients and subscribers – anyone who has an interest in Africa – with direct access to a suite of Africa centric economic and financial data.
AFED combines EDI‘s 20 years’ experience in data aggregation and delivery with the expertise of analysts specialising in African political and economic sovereign risk.
The macroeconomic database currently covers more than 15,000 key
Alternative investment manager Man Group has appointed Pierre-Henri Flamand as senior portfolio manager at GLG.
Flamand will join the firm in 2014 and focus on a global catalyst-driven strategy.
Flamand brings 20 years of experience in investing to Man Group. He spent 15 years at Goldman Sachs where he was head of the principal strategies group. Most recently, he ran Edoma Capital Partners, a Europe-focused event-driven hedge fund.
Manny Roman, CEO of Man Group, says: “We are delighted Pierre-Henri will join Man Group and play a key role as a Senior Portfolio Manager at GLG. We provide a
Milestone Group, a provider of fund processing solutions to the funds industry, has appointed Robert Caporale as managing director and head of North America.
Caporale (pictured) brings 30 years of experience in financial services and technology.
He spent the last 12 years at JPMorgan where he held senior leadership positions in strategy, business management and sales within the Investor Services business line.
Caporale has worked extensively with asset managers, alternative investment managers, insurance companies and pensions. Prior to JPMorgan, Caporale held senior positions at IBM, Deutsche Bank and Fiserv.
Geoff Hodge, CEO of Milestone Group, says: “We’re excited to
The majority of European hedge fund managers that have set up business over recent years have been in the UK, data from Preqin’s Hedge Fund Analyst shows.
The UK is also the most prominent country in terms of hedge funds being launched in Europe, representing approximately 50 per cent of all known European hedge fund launches in 2013 and 2014 YTD.
UK-based hedge fund managers have seen a net increase in assets under management (AUM) of around USD57bn between January 2013 and April 2014, in contrast to hedge fund managers based in France, Spain and Germany which have seen
bfinance has made a number of senior management changes within its London office and promoted key executives.
Chris Jones, managing director – head of alternatives and public markets, will take on the role of head of the London office.
Pal Sarai, senior director – UK markets, will assume additional responsibility for leading the UK and Ireland client coverage team.
Derek Williams, managing director, private markets has also been promoted to head of private markets.
Other developments in the London office include a number of recent hires including Emily Porter-Lynch who joined bfinance last month as a director,
Singapore Exchange (SGX) is building up its bulk commodity product offerings with nine more derivative contracts over the next two months, subject to regulatory approval.
These new contracts will further boost and complement the existing AsiaClear products to provide customers with access to more effective, efficient and comprehensive risk management.
Taking into account the evolving regulatory requirements, SGX aims to introduce options-on-futures for Iron Ore and Freight by June 2014.
In addition, SGX intends to enhance its flagship Iron Ore and Steel complex with Coking Coal derivatives based on key export and import price indices in July 2014.
Global financial brokerage business ED&F Man Capital Markets has launched a Hosting & Infrastructure Services offering.
The service is built around six key features:
1.Solutions: Connectivity, hosting, network and infrastructure services
2.Security: IT services – secure data on a private global network, monitored and supported 24 hours a day by the firm’s network operations centre
3.Services: IT aligned with the firm’s integrated financial services team
4.Speed: Co-location of services, low-latency connectivity and Direct Market Access to an array of financial exchanges
5.Skills: Top industry talent with expertise and experience gained from supporting large, complex and diverse trading communities spread across multiple asset classes
TABB Group has promoted Matt Simon to principal, head of futures research for the capital markets research and consulting firm’s expanding Research Alliance Derivatives practice.
The promotion will be formally announced today at the firm’s second annual derivatives conference, Derivatives 2014: A Market in Transition at the W Chicago Center in downtown Chicago, where he will conduct a special “armchair” conversation with Michael Harris, president of Campbell & Company.
CFTC commissioner Scott O’Malia is the event’s keynote speaker.
“Matt consistently has shown that he is one of the most respected analysts in capital markets,” says Bob Iati, a
By Donald A Steinbrugge, Agecroft Partners – There is a constant flow of articles in the media articulating that hedge funds have performed badly because they have underperformed the S&P 500 index. Many of these articles suggest that it is just a matter of time before investors wise up and begin redeeming from these over-priced investments.
However, contrary to these stories is the fact that hedge fund industry assets continue to reach all time record highs. February hedge fund asset inflows were the strongest monthly inflows since before the 2008 market correction. In addition, in recent industry surveys a majority
FNEX has aggregated in excess of USD40 billion in alternative investment opportunities including investments in businesses, real estate, hedge funds and managed futures accounts.
FNEX launched FNEX.com, an online marketplace for alternative investments including direct placements in private companies, hedge funds and managed futures accounts, in September 2013.
The web-based platform provides investment advisors, family offices, institutions, and accredited investors access to investment opportunities offered by investment banks and funds across the US.
The distribution platform also provides investors with the tools needed to educate themselves on alternative investment opportunities.
“The rate at which accredited investors and
