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BlueBay Asset Management, a manager of fixed income and alternative investments, has appointed David Riley as partner and head of credit strategy, reporting to BlueBay’s chief investment officer Mark Poole.
Riley (pictured) joins BlueBay from Fitch Ratings, where he led the global sovereign and supranational financial institutions group for over 10 years.
Riley brings a wealth of credit expertise in sovereign debt and the interconnections with bank and corporate credit to BlueBay’s investment team.
“We believe market developments since 2008 demonstrate that the pricing of sovereign and corporate risk is becoming increasingly interdependent. Sovereign credit risk can
Tarpon Trading a global macro foreign exchange manager, has launched its currency trading programme on the Horton Point incubation platform.
Tarpon is run by J Stephen Theall, a 20-year veteran of quant FX and global macro trading at such marquee firms as Tudor Investment Corp, Caxton Associates and Millennium Partners. Tarpon has a three-year track record and currently runs over USD50m in institutional managed accounts.
Horton Point is providing acceleration capital, investor relations and operational infrastructure to assist Tarpon with its strategic development.
“Tarpon is a very attractive candidate for our platform,” says Horton Point chief executive
Howard Groedel, chair of the Securities Regulatory Compliance Group at Ulmer & Berne LLP, identifies the winners and losers following the SEC’s decision to lift the ban on general solicitation by hedge funds and other private placements…
SEC-registered mutual funds appear to be the big losers, as their advertisements are strictly regulated by SEC rules, and hedge funds will now be able to compete for investors by advertising without restrictions under new SEC Rule 506c.
On the other side of the coin, interactive advertising agencies and financial intermediaries are the big winners, as with many more companies looking to stand
SkyBridge Capital, a research-based alternative investment firm headquartered in New York, and Woori Investment & Securities, headquartered in Seoul, South Korea, have formed a strategic partnership that will allow for the distribution of SkyBridge’s hedge fund products throughout Korea and other regions in Asia.
In conjunction with the partnership, Woori has also allocated capital to a SkyBridge fund of hedge funds vehicle.
Representing every type of market participant from large institutional investors to individual retail investors, SkyBridge manages or advises on approximately USD7.9bn in assets as of 30 April 2013. This agreement further solidifies the firm’s commitment to
The Securities and Exchange Commission has adopted a new rule to implement a JOBS Act requirement to lift the ban on general solicitation or general advertising for certain private securities offerings.
In connection with this new rule, the Commission voted to issue a rule proposal requiring issuers to provide additional information about these securities offerings to better enable the SEC to monitor the market with that ban now lifted. The proposal also provides for additional safeguards as this market changes and new practices develop. (Fact Sheet)
The SEC also adopted rules that disqualify felons and other bad actors from participating
The Securities and Exchange Commission’s decision to lift the ban on general solicitation by hedge funds and other private placements to sophisticated investors, part of the Jumpstart Our Business Startups (JOBS Act) law signed more than a year ago, marks both the end of the hedge fund industry as we know it today and the beginning of a new era in asset management, according to the asset management PR firm Walek & Associates.
In a letter today to the firm’s clients, Walek & Associates said:
The era of regulated secrecy for hedge funds is over. The veil has been officially lifted
PineBridge Investments has appointed two senior sales executives – Tucker Glavin as managing director, US sales and Paul Osborne as managing director, UK & European sales.
Glavin and Osborne will be based in New York and London, respectively, and will report to John Baumann, head of institutional sales and client service, Americas and Europe. Their appointment is effective immediately.
David Jiang, chief executive officer of PineBridge, says: “We are very pleased to welcome Tucker and Paul to PineBridge as it has been our priority to deepen our senior sales bench in both the US and Europe. Their institutional
The New York Society of Security Analysts (NYSSA) has partnered with the New York Hedge Fund Roundtable to create a panel of hedge fund experts who will discuss the risks and rewards of having hedge funds in a portfolio and their impact on the markets as a whole.
In an investing environment characterised by low fixed-income yields and heavy global central bank intervention in the financial markets, hedge funds are becoming an increasingly important part of institutional and other investors’ portfolios.
At the same time, they are also receiving more scrutiny about their role—both in investors’ portfolios and
Old Mutual Global Investors has launched an offshore Cayman hedge fund based on its 2009-launched UCITS-compliant Global Equity Absolute Return Fund. The fund is called the Old Mutual Arbea Fund and will be managed by the same team as the USD220million GEAR fund: Ian Heslop (Head Portfolio Manager), Amadeo Alentorn and Mike Servent.
The fund uses a systematic global market neutral strategy and since 2009 has generated annualised returns of 7.8 per cent with volatility of 5.4 per cent. It is already up an impressive 16.8 per cent YTD and aims to deliver genuinely uncorrelated returns.
Whereas the GEAR fund
Israel A Englander’s Managed Accounts & Prime Services (MA&PS) has expanded its sales and business development team.
MA&PS is a technology platform offering solutions for emerging hedge fund managers and investors.
MA&PS has appointed Bob Chicoine, Harry Freda and Nick Rizzi as managing directors who will be responsible for selling the firm’s managed accounts and prime brokerage services to both hedge fund managers and investors. Chicoini, Freda and Rizzi, who are former employees of Cantor Fitzgerald and PCS Dunbar, will be joining the firm’s existing sales team.
Stephen Tobias (pictured), president and chief executive of Israel A Englander,
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