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Russian bank Gazprombank has appointed Rustam Mursalimov as an equity portfolio manager at Gazprombank Asset Management.
He holds the position of director and took up the role on 19 July.
Before joining Gazprombank, Mursalimov was an equity portfolio manager at DEKA Asset Management in Germany and responsible for the firm’s investments in Russia, Turkey, and Eastern Europe as part of DEKA’s emerging Europe team.
Aylin Suntay, head of Gazprombank Asset Management, says: "Gazprombank is extremely pleased to have recruited such an experienced international investment manager to further strengthen our portfolio management team. Rustam’s experience across broader emerging
Fortress Investment Group has closed the Fortress MSR Opportunities Fund II at its cap of USD1.1bn.
MSR Fund II is a successor fund to the Fortress MSR Opportunities Fund I, which closed in August 2012 with USD608m in total commitments.
Fortress’s MSR Opportunities Funds are focused on investments in residential mortgage servicing rights (MSRs). An MSR represents the contractual monthly fee paid in exchange for the servicing of a mortgage loan, net of a basic servicing fee.
Fortress and its affiliates have been among the most active investors in the MSR space over the past two years,
Linedata has launched the Linedata Compliance Managed Service to address the complexity of global hedge fund regulations by incorporating rule monitoring across different geographies and jurisdictions.
Post-crisis, regulations cast a far wider net than traditionally highly regulated sectors, and as a consequence hedge funds have found they must confront the new wave of operational due-diligence and regulatory measures. Accurate and timely reporting as well as transparency have been propelled into the spotlight, not only by the regulator but also by investors, who are stepping up their due diligence when it comes to selection and redemption criteria.
In order
Aquis Exchange, the proposed pan-European stock exchange, will allow its members to access its trading platform via the BT Radianz Cloud.
The BT Radianz Cloud — the largest secure networked financial community in the world — helps financial market participants globally to exchange market information, trade with each other and clear and settle transactions.
Under the new agreement, BT will not only be Aquis Exchange’s preferred cloud connectivity supplier, but the exchange’s services will now be accessible to the thousands of members of the BT Radianz Cloud community globally.
In addition, Aquis Exchange members can use
GLG Partners, the discretionary investment manager of Man Group, is to launch the GLG Total Return Fund.
Available to investors from 29 July, the absolute return strategy will be managed by the macro and relative value (MARV) team, headed up by Jamil Baz and Sudi Mariappa. Strategic calls will be made by an investment committee, chaired by Baz, while James Ind, who recently joined GLG from Russell Investments, will be responsible for ongoing portfolio management.
Leveraging GLG’s dedicated expertise in fundamental, quantitative and market analysis, the UK-domiciled UCITS fund will invest across a highly diversified range of liquid asset
Carne Group, a provider of governance solutions to the global fund management industry, is expanding its Cayman Islands office with the appointment of Vanessa Barrett to its team of independent fund directors.
Barrett, a fund director who has worked in the hedge funds industry for over 12 years, is a Fellow of the Institute of Chartered Accountants in Ireland and has worked with Ernst & Young and UBS in several jurisdictions, including Bermuda, the Cayman Islands, the UK and the US. She has served as a director on Cayman Islands funds since 2010 and has extensive experience at senior
Just weeks after being given the green light by French markets regulator AMF (Autorité des Marchés Financiers) to become the first alternative manager to specialise in investment in dividend futures, Melanion Capital has received an additional accolade from the French authorities.
The French Ministry of Research and Development has granted this new Paris-based investment management company Innovative Startup Venture status (also known under the acronym JEI – Jeune Enterprise Innovante).
“This formal recognition validates the emphasis placed on research by the Melanion team who focus on innovation which we have identified as an essential pillar for growth,” says
LuxCSD has issued and settled the first dematerialised security following implementation of the new law in Luxembourg in April 2013.
The Climate Awareness Bond with a notional amount of EUR650m and a six-year tenor issued by the European Investment Bank (EIB) was launched into the primary markets on 11 July 2013.
On settlement date, 18 July 2013, LuxCSD handled the dematerialised issuance and delivery-versus-payment (DVP) settlement in Euro central bank money during the night giving the issuer access to his funds at the central bank in the early morning. Joint bookrunners for the transaction were Bank of America
European credit investment manager Avoca Capital has appointed Lord James Blyth to its board as a non-executive director.
Blyth (pictured) was formerly chairman of Diageo, a position he held for eight years to June 2008. He was formerly chief executive and then chairman of The Boots Company.
He has held several leadership roles, including chief executive of the Plessey Company and head of defence sales at the UK Ministry of Defence. He has held a significant number of non-executive positions with public and private companies in the US and UK over the last 30 years. He remains
The first interdealer non deliverable forward (NDF) trade has been delivered to LCH.Clearnet’s ForexClear service through the recently established link with Traiana’s Harmony CCP Connect.
The trade was a USD/KRW NDF with HSBC as one of the trading parties.
Andrew Coyne, chief executive, Traiana, says: “We are pleased to announce that trades are being successfully matched on CCP Connect and delivered to LCH.Clearnet for clearing. Traiana built direct connectivity to LCH.Clearnet’s ForexClear at the specific request of our client base, so we’re very excited at how quickly the service has been adopted.”
Jacqueline Liau, global head of product
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