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GAIN Capital, a provider of online trading services, has appointed Joe Wald as executive vice president, head of institutional.
Wald (pictured) will be responsible for leading GTX, GAIN Capital’s institutional business.
He will report directly to chief executive Glenn Stevens and will be based in GTX’s New York offices.
“Joe is a talented visionary with the proven ability to grow trading volumes and build innovative product and service offerings for leading institutional platforms,” says Stevens. “Institutional trading is an important part of our growth strategy and having Joe lead this part of the business will help us build on
The Hatteras Managed Futures Strategies Fund from boutique alternative investment specialist Hatteras Funds is now available on the Charles Schwab Mutual Fund OneSource Platform.
The Hatteras Managed Futures Strategies Fund launched on 27 September 2012. The team has managed the strategy since September 2011 as one of the five strategies within Hatteras Alpha Hedged Strategies Fund. The Managed Futures Strategies Fund seeks to achieve positive returns in both rising and falling equity markets with an annualised level of volatility that is lower than historic equity markets.
"The Hatteras Managed Futures Strategies Fund is well-diversified and is designed to offer low
Eurex Repo, the marketplace for international, electronic repo trading and secured funding, plans to extend the maximum term of tradable securities for the Eurex Repo markets such as GC Pooling and Euro Repo.
Currently, the maximum duration for transaction is one year; as of 21 January, customers can also trade terms of up to two years.
With this step, Eurex Repo provides its market participants with a new and easy-to-use opportunity to make use of the repayment option of the Long Term Refinancing Operations of the European Central Bank (ECB). Starting on the 30 January, the ECB will allow banks
Krusen Capital Management has formed a partnership with Meeschaert Group to provide clients with alternatives advisory services, manager and strategy due diligence, and access to a platform of alternative investment solutions.
Krusen will be responsible for identifying actionable opportunities, analysing traditional and alternative solutions, conducting due diligence on best in class managers, and monitoring and advising on investments through their lifecycles.
Charles Krusen, chief executive, believes that hedged strategies are creating a paradigm shift in traditional portfolio management, reducing the volatility associated with long only portfolios. Alternative strategies provide both measurable risk-adjusted return and non-correlated sources of return that
Global solutions provider Linedata announced this week that two hedge funds in Asia have selected Linedata Global Hedge to support their businesses. One of these, Magenta Advisors PTE Ltd (Magenta), an independent boutique asset management and investment advisory firm based in Singapore, selected the portfolio management and middle office module of Linedata Global Hedge to support its start-up hedge fund business.
Recent analysis of the hedge fund industry in Asia shows strong performance that is reflected in a record number of 1,128 hedge funds in the third quarter of 2012. As competition intensifies amidst volatile market conditions, it is increasingly
The UCM Partners MIDAS Fund opened 2013 with a significant new investment from the Lauder Family Office, bringing assets under management above USD90m for the open-ended fund, which invests in residential and commercial mortgage-backed securities and in other asset-backed securities.
UCM Partners, a private, minority-owned fixed income investment manager with more than USD1bn in assets under management, specialises in the management of portfolios with a mortgage focus.
The firm’s flagship MIDAS Fund finished 2012 with a 25 per cent return for the year and has returned 34 per cent since its inception on 4 January 2011 (returns net of fees).
Victory Park Capital (VPC), an asset management firm specialising in direct credit and control equity investing in middle market and distressed companies, has named Jordan Allen as principal and chief operating officer.
Allen will oversee business operations at VPC.
“As our business continues to experience growth, so do the needs of our infrastructure and the scope and responsibilities of our management team,” says Richard Levy, managing partner. “Jordan will add an additional layer of depth by building upon the already strong foundation we have in place for our daily operations and identifying further efficiencies to support our growth.”
Before joining
Saxo Bank, the multi-asset online trading and investment specialist, has launched Saxo Prime, its new FX prime brokerage solution offering institutional clients direct market access (DMA) to major FX liquidity providers and venues worldwide.
Saxo Prime combines prime brokerage functionality from Saxo Bank with connectivity from MarketFactory, a provider of low latency algorithmic trading software and hosted co-location services.
Saxo Prime expands Saxo Bank’s product offering for asset managers, retail brokers and proprietary trading firms by offering FX DMA. Saxo Direct, the API (Application Programming Interface) connectivity solution, provides access to Saxo Bank’s own cross-asset liquidity.
Saxo Prime’s DMA functionality
Phoenix Fund Services’ UK funds business has grown more than 60 per cent in 2012 and now administers total funds under management of GBP850m.
Anthony Wolfe, business development director, says: “Phoenix is delighted that its UK funds business has grown so strongly in the past year in a harsh investment environment. This growth has been based upon our support of specialist fund managers who have a clear investment proposition and, despite unhelpful markets, have a strong investment track record. Phoenix looks forward to 2013 which offers the prospect of continued growth in supporting its clients’ success.”
Saemor’s Europe Alpha Fund returned of 2.1 per cent for December, with utilities and industrials contributing most.
The short in banks was detrimental to performance, while the short positions in Aggreko and Nokia were respectively the biggest contributor and bleeder.
Towards the end of the month the net beta-adjusted exposure of the fund was increased temporarily in anticipation of the typical year-end effects.
December showed a major style rotation. The improvement in market sentiment prompted strong risk taking.
Investors dumped safer assets and shifted towards high beta and value stocks; cyclical value measures (book to price and sales to price)
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