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Alter Domus, a provider of administration services for alternative investment funds and multinational corporations, will be offering depositary services in Luxembourg and expects to be in the first wave of regulatory approvals.
Alter Domus will leverage this experience to provide such services in other relevant countries and is considering the legislation and guidance as it is published with this regard.
Alter Domus is launching a depositary service to support its clients in meeting a new requirement for funds captured under the AIFM Directive to appoint an independent depositary.
Laurent Vanderweyen (pictured), Luxembourg chief executive and head of
Advent Software, a provider of software and services for the global investment management industry, has made two senior sales appointments.
Jad Fares has been appointed regional sales manager for the Middle East and North Africa (MENA) region and will be based in Advent’s Dubai office, while Jesper Steiness has been appointed as director of business development for EMEA.
The announcement comes as Advent continues to expand its client base in EMEA across a wide range of market segments, including asset management firms, hedge funds, wealth management firms, funds of funds and family offices.
Fares joins Advent from
Mariner Investment Group, an alternative asset manager, has launched the Mariner Incubation Fund, a multi-strategy fund to be managed by investment talent from across the hedge fund industry.
Eric Pellicciaro, former head of global rates investments at BlackRock, has joined Mariner to manage a global macro portfolio, called Alarium Mariner Global Macro, within the new Mariner Incubation Fund.
The Mariner Incubation Fund, currently a fund-of-one, will fund talent in areas that the firm considers investment opportunities and give Mariner a new, efficient structure for incubating new managers. Managers will oversee portfolios with initial investments ranging from USD50m
By Jay Gould, partner, Pillsbury Winthrop Shaw Pittman LLP – In a speech before the American Bar Association’s Trading and Markets Subcommittee on 5 April, 2013, David Blass, the Chief Counsel of the Division of Markets and Trading, put hedge fund managers and private equity fund managers on notice that they may be engaged in unregistered (and therefore, unlawful) broker dealer activities as a result of the manner by which hedge fund managers compensate their personnel and, in the case of private equity fund managers, the receipt of investment banking fees with respect to their portfolio companies.
The good news
Singapore Exchange has investigated today’s delayed opening of the derivatives market and confirmed that it was not related either to market volumes or changes to the system.
The delay was caused by a system monitoring process which did not function as expected. As a result, a routine maintenance activity which must be carried out before the derivatives market opens, did not complete on time.
The derivatives market opened at 10.45 am Singapore time with all contracts available for trading.
“We know that today’s outage inconvenienced our customers and we apologise for this. Please be assured that we
Credit advisory and investment specialist Venn Partners has launched Venn Risk Analytics (VeRA), its proprietary financial analysis platform for structured finance products.
VeRA has been rolled-out over the past six months with a number of financial institutions to advise on some GBP2bn of asset-backed securities (ABS). The platform is now being presented to a broad range of potential clients, including portfolio and risk managers across a variety of institutions such as banks, insurers, institutional investors and alternative funds.
In summary VeRA allows clients to:
• Demonstrate a high level of governance for risk management and reporting
Maples Fund Services has hired Jason Brandt, regional head of fund services for the Americas, to lead the firm’s growing presence in the region.
Brandt has more than 18 years of experience in the financial services sector, focused primarily in hedge funds and private equity.
Brandt’s efforts will focus on servicing the growing North American business through expansion of administration, middle-office and risk services to investment managers, institutional investors and family offices. He will have responsibility over mandates serviced from North America, overseeing client relationship and operations teams. He will be based in the firm’s Montreal office and
ML Capital Asset Management, the investment manager and promoter of the MontLake UCITS Platform, has published the 10th edition of the quarterly ML Capital Alternative UCITS Barometer.
The Barometer is designed to help identify and anticipate key trends in the demand for the major strategies within the alternative UCITS sector.
ML Capital surveyed a diverse range of 49 investors who collectively manage over USD85bn and today invest upwards of USD19bn into alternative UCITS reflecting the widening of the investor base for regulated alternative products in Europe. Respondents range from insurance and pension funds to private banking organisations, with
Cantab Capital Partners, the systematic global macro manager, has named Dr Matthew Killeya (senior scientist) and Dr Genia Diamond (head of business development) as partners in the firm.
Diamond has lead the investor relations team that has overseen Cantab’s assets increase fivefold to USD5.3bn since 2011.
Killeya’s primary focus is on investment strategy development, having contributed strategies in all three of the clusters within the portfolio (momentum, value and short term).
Dr Ewan Kirk says: “Our investors know that we take both our investment models and investor relations immensely seriously. Both Genia and Matthew have contributed significantly
BNP Paribas Securities Services has been mandated by Knight Capital Europe to provide clearing and custody services on a pan-European scale.
Knight Capital Group provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms and corporate issuers. The firm engages in agency-based trading and market making across global equities, fixed income, foreign exchange, options and futures
BNP Paribas will provide clearing, settlement, custody, stock lending and financing for the European equity business across Europe and North Africa.
Albert Maasland (pictured), head of international at Knight Capital
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