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Todd Groome, former chairman of the Alternative Investment Management Association (AIMA), has joined the Highwater Group.
Groome (pictured) has 28 years of experience in international financial markets, working in both public and private sectors and across geographies.
Prior to his four years (2009 – 2012) as AIMA chairman, where he represented the hedge fund industry globally, Groome was an adviser on financial markets to the International Monetary Fund (IMF) for over five years, was an investment banker for more than 13 years, and practiced law in Washington DC for five years.
Most recently, he has been a senior adviser to
Kleinberg, Kaplan, Wolff & Cohen has named Greg Kramer as a member of the firm, effective 1 January.
“Greg is a talented attorney who has achieved notable results for our firm and clients,” says Andy Chonoles, Kleinberg Kaplan’s managing partner. “He shares the firm’s strong commitment to client service and we look forward to his continued success for years to come.”
Kramer (pictured) focuses his practice on securities and corporate finance, hedge funds, mergers and acquisitions and general corporate law. He has extensive experience representing clients in negotiating and documenting a wide variety of transactions, including investments in debt
Inflation can be good for governments, reducing the real value of government debt, but it reduces living standards for those whose incomes are not protected from rises in the rate of inflation.
Keynes called it “Euthanasia of the rentier”, and savers should be under no illusions as the long-term effect of inflation on their financial health, according to John Chatfeild-Roberts (pictured), chief investment officer and head of the Jupiter independent funds team at Jupiter Asset Management.
“In my view, the Consumer Price Index (which is used as an inflationary indicator) under-records the actual inflation experienced by many groups of people,
Thomas Eggar has expanded its private client team with the appointment of tax adviser Andrew Watters.
Watters (pictured), who joined as a director based in its London office, will focus on growing the firm’s specialist contentious tax services including pre-emptive planning, tax investigations and enquiries and tax litigation.
Previously a director at Berwin Leighton Paisner, Watters also worked as a senior investigator in the special compliance office of the Inland Revenue with a focus on high-profile cases of suspected tax avoidance and evasion. His extensive expertise and experience in both HMRC and private practice enables him to advise corporate groups
Agecroft Partners predicts that the hedge fund industry will set a new record for assets in 2013 despite the lacklustre investment performance for the industry over the past two years.
This will be driven by pension funds increasing their asset allocations to hedge funds, and a broadening of the hedge fund investor base due to the passage of the JOBS ACT.
This conclusion is based on several dominant and emerging trends Agecroft has identified through its contact with more than 2,000 institutional investors and 300 hedge fund organisations during 2012.
Below are the eight leading trends that were identified for
BNY Mellon has received regulatory approval to launch a new Issuer Central Securities Depository (CSD) entity that will offer market participants enhanced interoperability and efficiency in the global post-trade arena.
BNY Mellon CSD SA/NV will offer issuer, settlement and safekeeping services for the benefit of all market participants across Europe and the wider global marketplace.
Tim Keaney, vice-chairman and chief executive of investment services at BNY Mellon, says: “BNY Mellon supports current regulatory and infrastructure initiatives aimed at making the securities markets more efficient and safer for all participants. Establishing BNY Mellon CSD reflects our proactive engagement with those
Appleby has made a number of changes to its leadership team, including the appointment of Frances Woo as group chairman.
Woo (pictured) will succeed Peter Bubenzer who will be retiring from the Appleby Group on 31 March 2013, following a career at Appleby that spans over 32 years.
Appleby has also appointed a new global head of its corporate and commercial practice. Effective early in the New Year, Cameron Adderley will lead the corporate group, which is one of the largest in the offshore world. Adderley succeeds Judith Collis who has served as global practice head for seven years. She
Singapore Exchange’s (SGX) derivatives and commodities markets achieved several new record highs in both December and the full year.
Securities market performance as measured by the Straits Times Index was up 20 per cent in 2012.
As in most global markets, trading activities declined. Nevertheless, securities trading in December grew strongly from a year earlier.
Securities turnover declined 12 per cent in 2012 to SGD321.5bn. Securities average daily value (SDAV) was 12 per cent down at SGD1.3bn. In December, turnover was up 39 per cent from a year earlier at SGD23.2bn; SDAV grew 46 per cent to SGD1.2bn.
Schulte Roth & Zabel has appointed Taleah E Jennings as a partner.
The firm has also promoted Laura Angel-Lalanne, Christopher H Giampapa, Rami Kidouchim, Brian T Kohn, Neil Robson and Cathy A Weist to special counsel.
Jennings, Angel-Lalanne, Giampapa, Kidouchim and Kohn are located in firm’s New York office. Robson and Weist are resident in the firm’s London office.
“All of these lawyers have distinguished themselves through their contributions to our clients and the firm,” says Alan Waldenberg, chair of the firm’s executive committee and chair of the tax group. “They are an important part of the firm’s
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.99 per cent in December as each of the seven index component strategies reported positive results for the month.
Event driven (2.14 per cent) and emerging markets (1.34 per cent) led the way, while the worst performers were managed futures (0.15 per cent) and convertible arbitrage (0.49 per cent).
The Hedgeweek Awards 2013 for the best hedge fund performers and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.
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