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Robert Lance has joined Ascalon Capital Managers as Head of Ascalon in Australia with responsibility to lead and manage its Australian operations.
Mr Lance’s primary responsibility will be to lead the relationships with Ascalon’s boutique partners in Australia. Most recently Mr Lance was the co-founder and CEO of DragonBack Capital based in Hong Kong.
Ascalon Capital Managers chief executive, Chuak Chan, said Mr Lance has more than 25 years in Asia Pacific financial markets building and leading investment banking and asset management teams. “He is a strong and dynamic addition to our team at a time when Ascalon
Liquidnet, the institutional trading network, has seen strong quarterly performance globally.
In Europe, total principal traded was over USD22.6bn, up 64.7 per cent from Q4’12.
In Asia, overall principal traded exceeded USD5bn for the first time, marking a 20 per cent increase over last quarter.
In the US, average daily volume was up by 25 per cent over last quarter, averaging 44 million shares.
“The strong quarter-over-quarter increases we are seeing are reflective of the overall rise in equities investing and the broadening interest among investors in finding unique investment opportunities around the globe,” says Seth
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission have jointly issued final rules and guidelines to require certain regulated entities to establish programmes to address risks of identity theft.
These rules and guidelines implement provisions of the Dodd‑Frank Wall Street Reform and Consumer Protection Act, which amended section 615(e) of the Fair Credit Reporting Act and directed the Commissions to adopt rules requiring entities that are subject to the Commissions’ respective enforcement authorities to address identity theft.
The CFTC’s rules would apply to CFTC-regulated entities that qualify as “financial institutions” or “creditors” under the
Phoenix Investment Adviser, a USD657m investment firm focused on high-yield US corporate debt, has initiated a soft close of its flagship JLP Credit Opportunity Fund.
It will accept new investors until 1 July. After that, the fund plans to protect existing investors by not allowing capital from new investors to dilute the fund’s future returns. For the time being, existing investors may still add capital to the fund.
"We feel this is a positive action taken for the benefit of our current investors. Ten years ago, we promised our initial investors that we’d close the fund when it reached capacity," says Phoenix founder and chief
Hedge funds took in a net USD11.4bn (0.6 per cent of assets) in February, building on an inflow of USD4.3bn in January, according to BarclayHedge and TrimTabs Investment Research.
The results are based on data from 3,434 funds.
“The hedge fund industry continues to struggle with performance,” says Sol Waksman, president and founder of BarclayHedge. “The industry delivered a return of 0.4 per cent in February, less than half of the S&P 500’s 1.1 per cent rise. In the past 12 months, hedge funds earned 5.8 per cent, while the S&P 500 rose 10.9 per cent.”
The
Prytania Investment Advisors says assets under management in its Galene Fund are approaching USD200m.
Galene is an actively managed fund focusing on investment grade structured finance assets, targeting returns in excess of one month EURIBOR + 450bps pa.
The Galene Fund has enjoyed returns of 4.6 per cent year-to-date and in excess of 10 per cent since launch in June 2012.
Galene invests in floating rate assets that Prytania believe bear little correlation to the broader equity and fixed income markets. Galene offers investors enhanced risk-adjusted returns and genuine diversity from portfolios of other mainstream investments.
Singapore Exchange (SGX) and China Financial Futures Exchange (CFFEX) have signed a memorandum of understanding to cooperate in the development of the derivatives markets in China and Singapore.
The agreement was signed in Beijing, China, between Rong Zhiping, deputy chief executive of CFFEX, and Magnus Böcker (pictured), chief executive of SGX.
Under the MOU, both exchanges will jointly explore possible areas of cooperation including product and market development, information sharing and human resources training.
With the agreement, both exchanges will also consider synergies to better address the demands and needs of market participants in China and Singapore.
NYSE Liffe, the European based derivatives business of NYSE Euronext, will add options on the shares of investment company NSI NV to its range of equity option classes.
The options will be available as of 23 April on the Amsterdam derivatives market of NYSE Liffe.
NSI is a listed closed-end real estate investment company with variable capital that invests in offices and retail in high-quality locations in the Netherlands and Belgium. The company is listed at NYSE Euronext Amsterdam since 3 April 1998. NSI is a constituent of the AMX-Index.
With this new listing 21 AMX companies
Newedge’s business is based on an agency model benefiting from joint ownership of two French banks, Société Générale and Crédit Agricole CIB. Newedge maintains membership to 60+ derivative and 23 commodity exchanges.
Newedge Alternative Investment Solutions (“AIS”) sits within the Prime Clearing Services business line and is a 100-person global prime brokerage team of dedicated experts in liquid alternative strategies and is the recognised leader in CTA, liquid global macro, currency and volatility.
Newedge offers a full suite of prime brokerage services in liquid instruments including listed derivatives, OTC centrally cleared derivatives, OTC FX and cash instruments. The Capital Introductions
400 Capital Management (400CM), a structured credit investment manager, has made new additions to its investment and operations team.
"The opportunity set in the credit markets and the growth of our business has enabled us to attract highly experienced investment and operations professionals, and these new additions further our goal of building a differentiated institutional asset manager in the structured credit sector," says Chris Hentemann (pictured), managing partner and chief investment officer of 400 Capital Management.
Hentemann, a 23-year veteran of the securitised credit markets, established 400 Capital Management in October 2008. The firm actively invests in the
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