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Jeffrey Trongone has joined alternative asset management company Tradex Global Advisors as president.
He will work closely with founders Michael Beattie and Richard Travia to continue the development of the firm as a provider of niche investment products, trade specific opportunities and a disciplined business platform to investors.
Trongone joins the firm as a senior partner and will focus on all commercial activities.
"We are fortunate to have Jeff partner with us to ensure that we maintain the highest business and ethical standards in the industry. Jeff is a seasoned business leader, consummate professional and skilled in
“The US house crash was evidence enough for me that the house market still lacked sufficient information. People weren’t able to see that a housing bubble had formed until it was too late,” says Allan Weiss, co-founder of the Case Shiller Weiss indexes – a series of 5,000 single-family house price indexes for the US market.
Weiss (pictured) co-founded the indexes in the 1990s with professors Robert Shiller and Karl Case and served as chief executive of Case Shiller Weiss for 10 years before it was sold to Fiserve in 2002. Commonly used by the major ratings agencies and a
Newedge UK Financial has joined EurexOTC Clear for Interest Rate Swaps (IRS), bringing the total membership to 17 firms.
“We have expanded our clearing services significantly over the past nine months, from listed derivatives and OTC commodity swaps to IRS OTC swaps. Joining Eurex Clearing is an important part of that strategy,” says Nicolas Breteau (pictured), chief executive at Newedge. “Strengthening our cross border services and broadening our clearing offer means that we remain well-placed to meet client needs and tap into future growth opportunities.”
“We are very pleased to welcome Newedge as a new user of our EurexOTC
Marketfield Asset Management has received Central Bank of Ireland authorisation for its Marketfield Dublin fund, a liquid alternative fund, previously offered as a 1940 Act fund in the US, and as a Cayman offshore fund.
The redomiciliation marks the first time the strategy is being made available in Europe under the new Alternative Investment Fund Manager Directive (AIFMD).
Marketfield redomiciled its Cayman fund to Ireland as a QIAIF (Qualifying Investor Alternative Investment Fund) as European institutional and wealth managers show a preference for European regulated funds. The QIAIF is more flexible than UCITS for alternative strategies allowing physical shorting
The International Organisation of Securities Commissions has published a Report on the Second IOSCO Hedge Fund Survey, looking at efforts by regulators to better understand the hedge fund industry.
The aim of the IOSCO survey is to gather data from hedge fund managers and advisers about the markets in which they operate, their trading activities, leverage, funding and counterparty information. It forms part of IOSCO’s efforts to support the G20 initiative to mitigate risk associated with hedge fund trading and traditional opacity.
The report explains the results of the second IOSCO survey and provides an overview of the hedge
Credit funds face growing risk of investor redemption, amid uncertainty over the Federal Reserve's plan for tapering and disappointing returns as credit performance drivers see their role diminish, according to Fitch.
A new report also finds that repricing risk, which is linked to redemption, is also rising for credit funds.
Less than 10 per cent of credit fund flows since end-2008 have been reversed since June 2013, when financial markets were sold off globally. Redemption risk is particularly acute for large high yield (HY) retail funds, which provide daily liquidity and, in certain cases, own a substantial portion of
Deltix, a provider of software for the development of advanced quantitative strategies, has integrated its quantitative analytics and trading technology with Object Trading’s global DMA platform for equity, derivative and FX markets.
The demand for an integrated solution comes as firms must apply quantitative analysis to rapidly research trading strategies and easily deploy them across asset classes and geographies in order to compete.
The joint offering enables Deltix users to develop, test and implement trading strategies across more than 55 global markets using FrontRunner, Object Trading’s global DMA platform. FrontRunner is trading screen and venue agnostic, providing market data,
Edward S Nadel is joining Lowenstein Sandler’s investment management group as senior counsel.
Nadel was previously general counsel and chief compliance officer at Star Mountain Capital and, prior to that, was the director of alternative investments at Credit Suisse.
At Lowenstein Sandler, he will counsel clients on fund formation and structuring, fund transactions, and regulatory and compliance matters.
At Credit Suisse, Nadel was responsible for the structuring and development of private equity funds, hedge funds, mutual funds, joint ventures, funds of funds and employee plans. He played a key role in structuring the spin-offs of GSO Capital Partners and
Alcova Asset Management has selected Northern Trust Hedge Fund Services to provide a full range of administrative and middle-office outsourcing services to its quantitatively driven, equity market-neutral fund.
The mandate from the UK-headquartered quantitative hedge fund manager is the latest announced by Northern Trust Hedge Fund Services.
"We were looking for a partner who had made an industry leading investment in technology and built an integral middle-office service from day one," says Russell Hart, chief operating officer and partner at Alcova Asset Management. "Northern Trust, through its global scale and experience in providing specialist hedge fund administration, demonstrated an
The National Futures Association (NFA) has ordered AlphaMetrix LLC to satisfy its obligations to certain pool participants by 1 November.
AlphaMetrix had deducted advisory fees for certain participants in commodity pools operated by the firm. Those fees were to be reinvested in the pools but were not. The total amount owed to participants is approximately USD600,000, while AlphaMetrix has approximately USD700 million under management.
According to the NFA's order, if AlphaMetrix fails to satisfy its obligations by 1 November, the firm would be prohibited from placing trades for any of its pools except for trades liquidating open positions. Any disbursement
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