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Hedge Fund Rocktoberfest, the annual fundraiser for children’s charity A Leg To Stand On (ALTSO), will celebrate its 10th anniversary on 23 October at Capitale on 130 Bowery in New York City.
Hedge fund industry professionals will perform rock and roll and acoustic music to raise money for ALTSO, which provides prosthetic limbs and corrective, life-altering surgeries to children with limb disabilities in emerging market countries, and has changed the lives of nearly 10,000 worldwide.
On 3 October, ALTSO is also holding its second annual Rocktoberfest-Chicago at Crossroads at House of Blues at 329 N Dearborn, Chicago.
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Prosiris Capital Management, a credit-oriented investment manager with over USD1bn in assets under management, has appointed Aashish Marfatia to the firm’s investment team.
Marfatia will be responsible for non-agency residential mortgage trading and related investments.
Prior to joining Prosiris, Marfatia was a vice president at Tilden Park and Credit Suisse. With over 10 years of experience in the mortgage and securitised product space across research and trading, Marfatia will complement Prosiris’s fundamental investment approach.
Prosiris says Marfatia’s research-driven approach to investment, in addition to his consistent ability to generate alpha in the non-agency residential mortgage sector, aligns
The Securities and Exchange Commission has filed an emergency action charging Anthony J Davian and his Richfield, Ohio-based asset management firm with defrauding investors in hedge funds they manage.
A federal district court granted the SEC’s motion for emergency relief, halting the fraud.
The SEC alleges that since 2011 Davian, a 34-year old resident of Copley, Ohio, has raised more than USD1.5m from investors by promoting Davian Capital Advisors as a highly successful investment management firm that manages a portfolio of profitable hedge funds. The SEC further alleges that Davian and Davian Capital misappropriated at least USD1m in
Hedge funds gained 1.73 per cent in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index is up 5.86 per cent year to date.
The Barclay Hedge Fund Index now has gains in six out of seven months in 2013 and positive returns in 13 of the past 14 months of trading.
“Tapering fears receded in July as the Fed and the ECB maintained their accommodative posture, helping equity and bond markets to rebound from June’s losses,” says Sol Waksman, founder and president of BarclayHedge. “Positive economic news in the US and Europe
The Cayman Islands Government (CIG) has concluded negotiations with the US on a Model 1 intergovernmental agreement (IGA) and a new tax information exchange agreement (TIEA).
The agreements pave the way for automatic exchange of information (AEOI) under the US Foreign Account Tax Compliance Act (FATCA).
Both governments have initialled the agreements, to indicate their intent to sign them; they also have noted that the official signing will be held as soon as possible, after which the texts will be publicly available.
The benefits of the Model 1 IGA for foreign financial institutions in the Cayman Islands
S&P 500 companies with full reporting information posted 46.6 per cent of their sales from outside of the US in 2012, up from the 46.1 per cent reported in 2011, 46.3 per cent reported in 2010 and on par with the 46.6 per cent posted in 2009, according to research published by S&P Dow Jones Indices.
The data is derived from the 264 companies within the S&P 500 that have full reporting information.
“While the percentage of foreign sales posted a small increase in 2012, reversing last year’s slight tick downward, the underlying trend remains the same − S&P
Three Bridges Capital has appointed Ranjit Unnithan and Marc S Cooperman as senior analysts.
Unnithan focuses on European industrials and Cooperman focuses on the technology, media and telecommunications (TMT) sectors.
Both will report to managing partner Gene Salamon, who is the portfolio manager for the Three Bridges Europe Funds.
Before joining Three Bridges, Unnithan was a senior equity research analyst at JPMorgan based in London and was head of JPMorgan’s European automotive tquity team. Earlier he was a member of automotive equity research team based in New York and began his investment career at Rodman & Renshaw
ALPS Fund Services, a provider of administration services to the alternative asset management industry, has expanded its broker/dealer solution to service private funds through ALPS Distributors.
The expanded service will provide an avenue for private fund managers to navigate the rules and regulations regarding the sale of private placements.
In recent months, the SEC examination staff has increased its focus on private fund advisors as was noted in a 5 April 2013 speech given by David Blass, chief counsel, division of trading and markets: “I would like to be sure that the private fund adviser community is not
DBFS Consultants has appointed David Hastings as senior consultant within the firm’s front office practice.
Hastings has worked in the investments industry for over 25 years, focusing on computerised trading and e-commerce since 2001. He has extensive business development and consultancy experience having worked with Shell International, Henderson Fund Managers, Citigroup, State Street, Flextrade and more recently a DBFS sister company, Tradermade Systems.
Hastings will be working to advise clients on the impact of regulatory change such as FTT and EMIR; improving front office related operational and technology efficiencies. He will be working with the firm’s algo-trading, HFT’s
Maples and Calder litigation partner Colin McKie has been appointed as Queen’s Counsel (QC), following recommendations from the local judiciary to the UK Foreign and Commonwealth Office.
Only seven private-sector attorneys have been appointed to QC in the Cayman Islands, including Andrew Jones QC, the former head of Maples and Calder’s litigation department and now a judge.
Conferment of silk is based on merit and primarily regarded as a measure of the regard in which one is held as an advocate. Candidates must be invited by the Court and approved by the Chief Justice. The Governor makes the
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