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Weeden Investors, the parent company of Weeden & Co – a full-service institutional broker, has completed the acquisition of Saxis Group, a full-service prime brokerage business.
Under the confidential terms of the agreement, Saxis Group becomes a wholly owned subsidiary of Weeden Investors and will continue to be led by its founder and chief executive Sohail Khalid.
Saxis Group is a technology-powered prime brokerage business focused on providing institutional quality services to hedge funds and family offices. With a focus on capital raising and cutting edge technology Saxis Group has created a platform under which its clients can
Citi has launched OpenAi, a range of information delivery and reporting technology to support the delivery of solutions for Citi’s alternative investment clients.
OpenAi will enable alternatives managers around the world to be more efficient, invest in a more effective manner, and help better manage operational risk.
In an environment of expanding regulatory oversight, demand for greater transparency, increasing competition and operational complexity, having access to key portfolio data and exposures across multiple counterparties, fund structures and geographies is critical.
Built on an integrated data management model, OpenAi connects clients’ trading platforms seamlessly to Citi’s processing systems,
The Swiss banking group Syz & Co enjoyed good growth in 2012, which enabled assets under management (AUM) to reach CHF25bn at the end of 2012, an 18 per cent increase.
The CHF3.9bn increase on the previous financial year resulted from a positive trend in the group’s three lines of business – private banking, institutional asset management and Oyster investment funds – and is attributable both to significant inflows of new money and to good investment management results.
Very substantial equity capital and reserves (CHF385m) and a still-cautious attitude enabled the Tier-1 ratio to strengthen further, from 22.9
The Scotiabank Canadian Hedge Fund Index ended March 2013 up 1.26 per cent on an asset weighted basis and gained 0.39 per cent on an equal weighted basis.
The aim of the Scotiabank Canadian Hedge Fund Index is to provide a comprehensive overview of the Canadian Hedge Fund universe. To achieve this, index returns are calculated using both an equal weighting and an asset-based weighting of the funds.
The index includes both open and closed funds with a minimum AUM of CAD15m and at least a 12 month track record of returns, managed by Canadian-domiciled hedge fund managers.
Apex Fund Services has appointed Elliott Brown to the newly created position of managing director – Americas.
Brown will have responsibility for overseeing the growth of all of Apex’s offices in North and South America.
Brown was formerly with JP Morgan for 18 years, most recently as the managing director responsible for leading the bank’s global hedge fund administration business. Prior to that role, Brown was in strategy and business development and was instrumental in the formation of the hedge fund and private equity fund administration businesses at JPMorgan. Brown also worked for JPMorgan in Australia in relationship management and operations.
At the annual general meeting of Gottex Fund Management, the shareholders approved all the proposals put forward by the board of directors.
The proposals are:
The approval and adoption of the consolidated financial statements of the company and its subsidiaries for the year ended 31 December 2012 with the reports of the directors and the auditors.
The re-appointment of Ernst & Young as auditor of the company to hold office until the conclusion of the next annual general meeting.
Joachim Gottschalk and David Staples were re-elected as directors for a three year term of office. Dr
Shareholders of Swiss alternative investment company Altin have accepted the payment of a CHF2.35 dividend and elected Roger Rüegg as board member in replacement of Nigel Russell.
The decisions were approved at the firm’s annual general meeting.
The business report and the annual financial statements were approved and the members of the board of directors were discharged. Following the board’s proposal and in accordance with the dividend policy announced in November 2011, the AGM accepted the payment of a dividend of CHF2.35 per share for 2012, out of share premium reserves. This amount corresponds to four per cent
Greenwich Loan Income Fund (GLIF), a specialist lender to small and medium sized enterprises, has appointed GMB Partners as an adviser to the company.
GMB will advise on the investments GLIF makes into the CLO market, on the structuring of new CLO investments, and on a number of its existing CLO investments. GLIF has agreed to remunerate GMB via a fee arrangement that is aligned with the interests of GLIF shareholders.
GMB was set up in 2012 by Miguel Ramos Fuentenebro, who has over 20 years of experience in corporate and structured credit markets. Most recently he was
On 28 November 2012, Bloomberg ran the highly successful Hedge Fund Start-up Conference from its European Head Quarters in London. The objective was to provide new managers with a range of key insights from industry experts on what they need to think about during the start-up process. Various panels throughout the day discussed issues within fund administration, technology, prime brokerage, legal, regulatory compliance, and seed investing.
Click here to access our ‘How to set up a hedge fund’ resource centre
The seed investing panel discussion – Seeding: Securing Capital – The First Steps – featured three industry experts: Pierre-Emmanuel Crama, Signet
The Depository Trust & Clearing Corporation (DTCC) has appointed Peter Tierney as regional head of Asia, DTCC Deriv/SERV.
Tierney will be based in Singapore, and serve as head of business operations in Asia. He will report to Stewart Macbeth, chief execuive, DTCC Deriv/SERV.
“Peter brings his extensive experience in the Asian markets to this challenging role. He is a valuable addition to the company as we continue to grow our business and serve our clients,” says Macbeth. “A hiring of this calibre is another example of our commitment to the region and our recognition of the Asian marketplace
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