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RiverRock European Capital Partners has appointed Joseph Dryer as managing director of RiverRock Securities.
He will responsible for building and heading up RiverRock’s capital markets and advisory team and will shortly be joining the board of directors.
Dryer (pictured) was previously founder and chief executive of Heritage Capital, the specialist merchant banking business of Banque Heritage, Geneva from which he led a management buy-out in 2011. Prior to Heritage Capital and over the past 30 years Dryer has held a number of senior investment banking positions, starting at Hambros Bank before moving to Paribas Capital Markets and most
BNP Paribas Securities Services has appointed Florence Fontan as head of the asset manager client segment.
Fontan (pictured) has overall responsibility for strategy, business development, products and services to the custodian bank’s asset manager clients and prospects.
Fontan reports to Charley Cock, head of client development, and Philippe Ricard, head of asset and fund services.
Fontan says: “I am pleased to take on this new position at this pivotal time in global finance. Asset managers, now more than ever, need support around fund administration and distribution. They need to outsource certain activities to focus on their core
North of South Capital, the London-based global emerging markets fund manager, has appointed Davina Rich as senior analyst in its fund management team.
Rich’s primary role is bottom-up analysis and enhancing the stock-picking process.
Rich was previously founding partner and portfolio manager of Stoneware Capital, a global equity hedge fund based in London. She also held the position of global equity portfolio manager, including emerging markets, at Deutsche Asset Management where she worked with North of South principal fund manager Matt Linsey.
North of South Capital was established in 2004 and runs two GEM funds, a Cayman-registered
The first phase of CBOE Futures Exchange’s extended trading hours initiative for CBOE Volatility Index (VIX Index) futures will begin on 21 October, with the second phase to follow on 28 October.
"Volatility traders have eagerly anticipated the expansion of trading hours for our highly successful VIX futures contract, and we are thrilled to begin that rollout in a few weeks," says CBOE Holdings chief executive officer Edward T Tilly. "We are pleased to provide our European customers with the opportunity to trade VIX futures during local trading hours, but we also believe our entire global base of VIX
Banque Morval has awarded a specialist equity advisory mandate to EC Elbrus Capital Investments effective 1 October 2013.
EC Elbrus is appointed as the investment advisor to Banque Morval in its capacity as investment manager of Willerequity Russia & Eastern Europe (WE Russia & EE), a specialist investment fund of Luxembourg based Willerfunds Management Company SA.
Banque Morval and EC Elbrus management expect the skills and longstanding investment expertise in Russia and the CIS provided by EC Elbrus to strengthen the Banque Morval and Willerfunds SA offer of WE Russia & EE to their investor base and to
Stephen Cohen, Head of Investment Strategy at iShares, looks at the future for emerging markets…
It’s been a tough year for emerging markets. Emerging equities have underperformed developed equities for the last two years, while EM debt has struggled during the Indian Summer. The outlook has recently begun to turn supported by the Fed’s “no-taper-just-yet” decision. Broad emerging market equities are also now at a significant value discount to developed equities. So where do emerging markets go from here?
Recent liquidity challenges have reminded everyone that looking at the fundamentals of each country is important. Differentiating between countries is key
Milbank, Tweed, Hadley & McCloy represented affiliates of KKR Asset Management (KAM) in connection with the USD300m upsize of the existing KKR Financial CLO 2011-1 secured financing.
This permitted the CLO issuer to borrow up to an incremental USD225m to purchase senior secured corporate loans.
In connection with the upsize, KKR Financial Holdings increased its residual interest in the transaction through the acquisition of an additional USD75m of subordinated notes. The transaction initially closed in March 2011 and was previously upsized in July 2011.
Partner Deborah M Festa led the Milbank team, which included associate Michael Nguyen.
“We
Mehtap Dinc and Brendan Bradley have been appointed as members of the executive board of Eurex.
Dinc will take over responsibility for product research and development from Peter Reitz, who will remain on the executive board and continue to be in charge of European Energy Exchange (EEX) and Eurex Repo.
Bradley will be responsible for innovation management.
The effective date for the new Eurex executive board structure will be 1 October 2013.
“I am looking forward to working with Mehtap and Brendan as both have deep and extensive knowledge of derivatives markets and products. The appointments
The Chicago Board Options Exchange (CBOE) and CBOE Futures Exchange (CFE) are to launch trading on Russell 2000 Volatility Index options (RVX) and futures (VU).
Trading on Russell 2000 Volatility Index futures will begin on 30 October, with options trading to begin in the weeks that follow, pending regulatory review.
The Russell 2000 Index measures the performance of small-capitalisation US stocks and is an effective gauge and play on the health of the US economy. Eighty four per cent of the revenues generated by the companies in the index come from within the US.
Because US small-cap
The timing of the Debt Forum event to be held in London on 13 November coudn’t be better, according to Hedgeweek’s James Williams.
Sponsored by BNP Paribas, this inaugural event for Europe’s CLO and Direct Lending Sector will feature extensive coverage on how the European CLO landscape is changing, assessing the issuance pipeline in 2013, outlook for issuance in 2014, structural and legal considerations, ratings methodology for CLOs, and, critically, CLO performance: how have they performed on a relative basis compared to other asset classes? In addition to developments in the CLO market the event will explore why Direct Lending funds are
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