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The London Metal Exchange (LME) has appointed Colin Griffith as a consultant for its LME Precious Metals Services.
Griffith will be working with the project lead, Joanna Stuart, together with Chris Evans, Head of Business Development, to promote and market the various LME services for the London precious metals markets. These services currently include a joint initiative with the LBMA to collect and distribute gold, silver and gold IRS curves as well as a joint initiative with LCH.Clearnet to clear OTC gold trades based on Loco London delivery for LBMA clearing members.
Griffith has over 30 years of experience
- 09/06/2011
The Association of the Luxembourg Fund Industry (ALFI) has announced the election of the new president, Marc Saluzzi, who takes up the rolls, which will run for two years, with immediate effect.
Saluzzi has been on the board of Alfi since 2001. He later joined the Strategic Advisory Committee and in 2009 he became Chairman of the ALFI Alternatives Committee.
Saluzzi brings over 25 years experience in the Investment Management Industry in Luxembourg and in the US. e is French and graduated from the Institut Superieur de Gestion in Paris in 1986. He then joined PricewaterhouseCoopers and became a
- 09/06/2011
- 09/06/2011
The Lyxor Hedge Fund Index was down 1.80% in May. Year-to-date performance as of May 2011 is up 0.30%. The month of May was quite volatile and negative for the majority of Hedge Fund strategies.
The top performing strategies year-to-date are Lyxor L/S Equity Market Neutral (+3.52%), Lyxor Merger Arbitrage Index (+3.02%), and Lyxor L/S Equity Variable Bias Index (+3.00%).
The Lyxor Hedge Fund indices are investable, asset-weighted indices, designed to offer investors straightforward access to hedge fund performance. The indices are based on Lyxor’s managed account platform that covers all the major hedge fund strategies and benefits from a
- 09/06/2011
- 09/06/2011
By James Williams – Start-up numbers in Hong Kong might be down, but their size and quality is improving.
As the gateway to China, Hong Kong is perfectly located to capitalise on the growing alternatives industry, which earlier this year surpassed its previous high-water mark to reach USD2.02trillion in global assets. One of the great things about Hong Kong is how convenient and efficient everything is. In what amounts to probably little more than two square miles, the city’s financial district, Central, contains the majority of hedge fund managers and service providers. If ever the term “community” was relevant, it’s here.
- 09/06/2011
Interview with Thomas Granger – Product planning continues to be of significant importance to hedge funds, according to Thomas Granger (pictured) – a partner with law firm Walkers, Hong Kong – and, along with strategic support, has been in high demand recently.
“Leading managers are being creative with structures and terms in order to differentiate themselves from their competitors. With Walkers acting for many of the world’s largest and most successful managers, we are able to advise on these trends as they emerge,” says Granger, who has extensive experience of the hedge funds and private equity markets in Japan.
Walkers’
- 09/06/2011
Woori Absolute Partners (WAP), a Singapore based alternative investment management firm, and NewAlpha Asset Management (NewAlpha), the European based global hedge fund incubation specialist have teamed up to launch an Asia based investment vehicle which will seed emerging hedge fund managers and will be marketed to qualified investors in Asia and Europe.
The two firms plan to target a first closing date by year end 2011 followed by a final closing in 2012 with an AUM size of approximately USD100m and a targeted final closing of approximately USD200m, including initial capital contribution.
WAP and NewAlpha are both co-seed
- 09/06/2011
NYSE Euronext (NYX), has achieved several key milestones in trading on European Cash markets, establishing the exchange as the leading marketplace for trading.
Independent figures show that its presence time at the European Best Bid and Offer (EBBO), thereby ensuring market participants have access to the best available prices at a given time, increased from 65% to 85% between January 2010 and April 2011 on its key blue chip indices stocks, further strengthening its position as the no1 trading venue in terms of Market Quality.
Market quality is a key differentiating factor for investors and brokers when selecting a
- 09/06/2011
The Hedge Fund Standards Board (HFSB) has appointed Dame Amelia Fawcett (pictured) as its new Chairman. A former Non-Executive Director of the Bank of England and Vice Chairman of Morgan Stanley International, Dame Amelia will take up the post on 1st July 2011.
She succeeds Sir Andrew Large who has been interim Chairman since last December when Antonio Borges left to become European Director of the International Monetary Fund.
Large says: “We’re absolutely delighted to have someone with Amelia’s vision and international experience taking on the chairman’s role at a time when we are working to increase adoption of
- 09/06/2011
State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT) has appointed Bill Street as global head of Fixed Income Alpha Strategies, reporting to Kevin Anderson, global chief investment officer for Fixed Income and Currency.
Street, who is based in London, was previously co-head of Active Fixed Income, alongside William Cunningham, who has left SSgA. In his previous role, Street provided leadership to SSgA teams delivering active strategies in EMEA and Asia-Pacific. He will assume responsibility for all of the active fixed income portfolio managers and the fixed income analysts and strategists. Recognising the importance
- 09/06/2011
Skandia Investment Group (SIG)’s flagship multi-asset fund, Skandia Diversified and its Skandia Alternative Investments Fund, have invested in the Aviva Investors Index Opportunities High Alpha Fund.
The investment into the Aviva Investors Index Opportunities High Alpha fund sees SIG’s GBP2.1bn* suite of multi-asset and alternative funds, further diversifying the investment strategies utilised within their alternative allocations. The investment was funded primarily from the cash which resulted as the multi-asset funds took significant profits from their overweight positions in equities.
The Aviva Investors Index Opportunities High Alpha Fund, run by Iyad Farah and Ned Kelly, is an index arbitrage fund
- 09/06/2011
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