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FundAssist, an international service provider to the asset manager industry covering hedge funds, exchange-traded funds and UCITS funds, has added to its team with two management appointments.
Philip McKee, product development manager, has joined the senior management team focusing on software development and Tanya Merrigan, client reporting manager, has come on board to head up the Key Investor Information Document (KIID) and Factsheet business teams.
Managing director Jim O’Reilly says: “As the business grows we are always looking for dynamic and ambitious people to join our team. Philip and Tanya are the exact calibre of people we need
To mark the third anniversary of the Eurex/KRX Link, Eurex Exchange is waiving trading fees for the Eurex KOSPI Product for the month of September.
In addition, all Eurex members located in Korea also qualify with immediate effect for the special incentive programme for Asian participants. The programme grants volume-related discounts and reduced network connection costs to directly connected exchange members. Additionally, Eurex and the area Market Data + Services of Deutsche Börse work closely together to ensure an optimal distribution of Eurex KOSPI Product data.
“Trading volume continued to develop very positively in the third year of
The further deterioration in the Syrian situation adds to the upside risk for oil prices, says Gary Dugan, Chief Investment Officer, Asia and Middle East at Coutts…
Increasingly vocal international allegations that the Syrian government has used chemical weapons, and the start of UN inspections on Monday, may foreshadow a potential international military intervention.
The US had previously cited the use of chemical weapons as a “red line” that, if crossed, would draw a far more robust response from the international community (notably the US, UK and France). If the US were to intervene, it would likely lead to a
London-based consulting and outsourcing firm HedgeStart has questioned the readiness of hedge and private equity fund managers for the proposed changes to the taxation of limited liability partnerships.
In May, HMRC issued a consultation document aimed at curbing, as they saw it, the tax reduction schemes used by alternative asset managers. This practice took two forms: disguising what would otherwise be employment relationships through limited liability partnerships; and the manipulation of profit and loss allocations to achieve tax advantages. The vast majority of UK LLPs and partnerships in the hedge fund and private equity sectors may be impacted.
Laurence Parry
Bob Devine has joined regulatory incubator Sturgeon Ventures as a portfolio manager.
London-based Sturgeon’s client list includes a number of hedge, venture capital and private equity fund management companies.
Devine has more than 40 years’ experience in fixed income markets. He was previously a fixed interest asset manager and macro-economic strategist with EPIC Asset Management and Ashcourt Rowan Asset Management. He is a former European director of capital markets with Nat West Markets and BZW (now Barclays Capital), and a former head of business development at Oxford Economics.
Devine started his career on the London Stock Exchange
Investcorp’s US-based hedge fund business has appointed Elena Ranguelova as head of credit and equity strategies.
In this newly created role, Ranguelova (pictured) will be responsible for supporting the growth of both investments in emerging managers and the Single Manager Platform, the firm’s hedge fund seeding business.
Before joining Investcorp, Ranguelova served as global head of credit and event driven strategy research at Pioneer Investments, where she also served as a member of the board of directors for Pioneer Alternative Investments New York. Earlier, she ran Goldman Sachs’ fundamental strategies team in New York. In this role, she
The Hedge Fund Association (HFA) has formed an academic advisory board to empower and educate students and others about the hedge fund industry.
The board will hold HFA symposiums on campuses across the US featuring well-known hedge fund managers and investors as guest speakers, along with hosting online webinars to teach the next generation of professionals about the industry, finance and ethics.
“I am excited the HFA has taken this step to create a dedicated academic advisory board to teach students about the hedge fund industry while they are in college and graduate school, and inspire them to
Dawn Howe has joined law firm Walkers as a partner in the global investment funds group.
Howe, an offshore investment funds specialist, was previously a partner at Maples and Calder in its Cayman Islands and London offices.
Howe advises upon the structuring, launch and ongoing transactions for both hedge funds and private equity funds and has advised many leading industry names. She has acknowledged expertise on cross-jurisdictional and regulatory issues affecting Cayman Islands investment funds, including issues relating to the application of AIFMD and FATCA.
Howe will initially be based in Walkers’ London office, led by managing
Dexion Trading Limited’s (DTL) net asset value per share has risen by 3.33 per cent YTD, according to the listed fund of hedge funds’ latest half-yearly report.
Over the last 12 months the company’s discount has improved by 3.33 per cent, while the company’s share price has improved by 13.14 per cent.
“During the six month period to 30 June 2013, the net asset value (NAV) of the company’s shares rose by 3.00 per cent,” says DTL chairman Christopher Spencer. “This increase is significantly better than the benchmark HFRX Macro Index which fell by 1.07 per cent over
Assets on the Sciens Managed Account Platform (MAP) are up 35 per cent year-on-year to end June 2013, with two new trading advisors added to the platform – US-based Revolution Capital Management and Japan’s Stats Investment Management.
Both trading advisors are replicating their existing benchmark strategies in cells recently launched on the Sciens Managed Account Platform. The number of institutional users on the Sciens MAP has also increased by over 200 per cent in the corresponding period.
Revolution Capital Management has launched a cell that replicates its Alpha programme which follows a commodity trading advisor (CTA) strategy that develops quantitative
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