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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
Sub-investment grade corporate credit specialist Alcentra, part of BNY Mellon, has invested in CorpAcq plc, a South Manchester-based company committed to the acquisition and investment in strong asset backed, profitable and cash generative owner-managed enterprises.
Headquartered in Altrincham and founded in 2006, CorpAcq has grown its business to manage eight portfolio companies representing more than GBP70m in revenues in the year ending December 2012.
The warranted loan investment transaction was underwritten by Alcentra and co-arranged with private-debt fund Prefequity. Graeme Delaney-Smith (pictured) and Frédéric Méreau of the European direct lending and mezzanine investments team will represent Alcentra on
GoldenTree Asset Management, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, has hired Brian Marshall as managing director in the firm’s business development group.
Marshall is based at GoldenTree’s New York City headquarters and reports to Thomas Humphrey, partner and head of business development.
“I have known Brian for more than 15 years and have great respect for his expertise in leveraged finance and structured credit markets,” says Humphrey. “His experience and long track record of success in capital markets and investment banking reflects our continued commitment to grow
The US Commodity Futures Trading Commission (CFTC) has filed and settled charges against Jeannie Veraja-Snelling, d/b/a Veraja-Snelling & Company, a certified public accountant and sole practitioner from Glendale Heights, Illinois, barring her from practicing before the Commission.
The CFTC’s Order charges Veraja-Snelling with failing to audit Peregrine Financial Group in accordance with CFTC Regulation 1.16.
Veraja Snelling was the auditor for Peregrine, a registered Futures Commission Merchant (FCM). On 10 July 2012, the CFTC charged Peregrine and its sole owner and chief executive officer, Russell Wasendorf, Sr with fraud, among other violations, within 24 hours after the discovery
Pension fund alternative assets allocations now account for nearly 20 per cent of all pension fund assets across the globe, according to a study by Towers Watson.
The 2012 Global Alternative Survey notes the number as a five per cent increase from 15 years ago.
The research, which was conducted by Towers Watson, and which included the diverse ranges of figures and asset calculation, showed that pensions fund representing 36 per cent of the top 100 manager assets figured into the “alternative” category.
Also noted is the wealth managers holding 19 per cent, insurance companies holding nine
The inaugural EDHEC-Risk Days North America conference will take place at The Crowne Plaza in New York on 8-9 October 2013.
Debates on the governance and transparency of indices and smart beta investment will be high on the agenda.
On day one of the conference a roundtable involving leading industry representatives and regulators will address the governance and transparency of indices:
• Understanding regulation: the accuracy of track records; the transparency and governance of indices
• What level of transparency and accuracy do investors expect? Presentation of a study carried out by EDHEC-Risk Institute
• What is needed,
