Latest News
Placement agent Eaton Partners has launched a secondary advisory group following the addition of three senior professionals, Michael Pilson, Alexander Mejia and Kevin Imhoff.
The formation of the secondary advisory group further enhances Eaton Partners' product offerings and capabilities as secondary market activity continues to play an increasing role in both general partner fundraising and limited partner portfolio management activities.
Pilson, Mejia and Imhoff previously ran the secondary advisory business at Atlantic-Pacific Capital, where they advised a wide range of clients on secondary market transactions.
"We are extremely excited about adding Michael, Alex, and Kevin to our team. As the private
The international derivatives market Eurex Exchange achieved a new milestone in its dividend derivatives segment in March 2014.
For the first time, the overall monthly volume exceeded one million contracts since launch of the segment in June 2008.
The total number of traded contracts was 1,086,054, bringing the open interest to 3.2 million contracts (as of 1 April).
A further all-time monthly high was recorded in the options on the Euro Stoxx 50 Dividend Futures with more than 250,000 contracts. Additionally, the sub-segment single stock dividend futures had its second-best month with more than 400,000 contracts.
Based
ML Capital announced this week the launch of the North MaxQ Macro UCITS fund on its MontLake UCITS platform. London-based North Asset Management has been successfully managing the North MaxQ Macro investment strategy for over 10 years.
The mandate is discretionary global macro, targeting a through cycle absolute return in excess of 10 per cent with 65 per cent of the risk typically allocated to countries within Europe. Founding Partners, Nick D'Onofrio, George Papamarkakis and Belinda Godwin have committed their own capital to both the Firm and Fund, highlighting their belief in both the fund's strategy and performance.
Cyril
Hedge fund service providers Liquid Holdings Group, Marcum, and Apex Fund Services are due to present the second in a series of hedge fund events for emerging managers and start-ups.
The event – Be an Outlier: Attracting Fresh Capital Through Institutional Credibility” – will bring together a panel of industry experts and hedge fund managers to examine how small- and medium-sized fund managers are institutionalizing their businesses to compete for allocations against larger, more established managers.
Core topics will include mission critical services that bolster operational credibility, from tax and advisory and compliance services to technology infrastructure.
This event, which will feature Robert O’Boyle, Executive Vice President, Liquid Holdings Group, Dennis
Absolute return manager GEMS Groups has received legal and regulatory approval for its acquisition of Kenmar-Olympia.
Following the merger the combined business will be known as the GEMS Kenmar-Olympia Group and will be active in managing over USD2bn through a wide range of asset management products and services both in financial and real estate markets.
The group offers in particular multi-strategy alternative and long only funds of funds on macro and thematic strategies; as well as a range of systematic global and sectorial single funds.
The GEMS Kenmar-Olympia Group has a strong international presence with offices in London, Paris,
Investment firm FORT Management has expanded its operations and opened a new office in New York.
Based in Chevy Chase, Maryland the firm was founded by former fund managers at the World Bank, Yves Balcer and Sanjiv Kumathe.
The firm manages approximately USD700m in assets on behalf of institutional and high net worth investors worldwide.
Balcer is heading up FORT’s new office, located at 540 Madison Avenue, and is being joined by two new managing directors – Alan Marantz and Douglas McKeige – who have come on board to direct business development and assist in overall firm management.
First-day trading volume for CBOE Short-Term Volatility Index options with weekly expirations totalled an estimated 3,134 contracts, according to data released by the Chicago Board Options Exchange.
“We were pleased to see a very active opening day of trading in Short-Term VIX options, with strong volume and broad market participation,” says CBOE Holdings CEO Edward T Tilly. “Short-Term VIX options bring a new dimension for volatility trading to the market, and it is clear from today’s activity that market participants see tremendous utility for the contract.”
CBOE developed VXST options in response to proven demand for Weeklys options generally,
Experts from across the insurance linked securities (ILS) asset class are coming together to discuss the industry’s pressing issues at a Guernsey Finance-hosted thought leadership event in Zurich.
The event, ‘ILS Insight’, takes place at the Park Hyatt Zurich on 2 July and will include two panel sessions featuring ILS experts from Guernsey, the UK and mainland Europe.
Guernsey has become a leading destination for ILS; figures at the end of last year showed that Guernsey licensed 89 new international insurers during 2013, with more than 40 of the licences structures relating to ILS.
Fiona Le Poidevin, chief
Interdealer broker Tullett Prebon’s alternative investments team has launched a service to manage the sale of bankruptcy claims on the secondary market.
Tullett Prebon Alternative Investments offers an auction process for the sale of illiquid assets on the secondary market.
The group’s proprietary technology is deployed to offer investors an efficient and transparent process leading to a verifiable price.
The auction process has managed the sale of interests across a wide range of illiquid asset classes including hedge funds, private equity, real estate, non-performing loans and now bankruptcy claims.
The team has overseen a two-stage auction process
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has appointed three new directors to its global council, its governing body.
The three directors are Simon Lorne, vice-chairman and chief legal officer of Millennium Management; Tim O’Brien, partner, general counsel and CCO of Pine River Capital Management; and Stuart Fiertz, president and co-founder of Cheyne Capital Management (UK).
Kathy Casey, AIMA chair, says: “We are most fortunate to add three enormously experienced and well-qualified directors to our council. I would like to personally thank Stuart, Simon and Tim for volunteering to serve on the board. Their
Special Reports
FeatureD
- Insight
