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Old Mutual Global Investors, the merged business of Old Mutual Asset Managers (UK) (OMAM) and Skandia Investment Group (SIG), has appointed Donald Pepper as managing director of alternatives.
Julian Ide, chief executive of Old Mutual Global Investors, says: “I am delighted that Donald has joined us in this new role. Donald will bring enhanced strategic leadership to the non-investment side of Old Mutual Global Investor’s alternatives business. We have completely reinvigorated our distribution teams in 2012 and Donald will make a significant contribution to the growth of our business.”
Pepper joins Old Mutual from TT International where he was
Pacific Fund Systems (PFS) and StatPro have teamed up to allow PFS-PAXUS users that sign up to StatPro’s services to perform online portfolio analysis and Value at Risk (VaR) calculations.
StatPro Revolution, a cloud-based portfolio analysis platform for the front and middle office, will integrate seamlessly with PFS’s PFS-PAXUS integrated fund accounting and share registry platform.
By linking directly to PFS-PAXUS, StatPro Revolution is linked to the official book of records providing independence and comfort from a transparency and oversight perspective.
James Eldershaw, director at PFS, says: “Creating a seamless interface between our two systems allows PFS clients to view
The Dow Jones Credit Suisse Hedge Fund Index finished up 0.64 per cent for the month of November, with all but one of the ten sub-strategies finishing the month in positive territory.
Emerging markets (+1.10 per cent) and multi-strategy (+1.0 per cent) were the top performing sub-strategies, while dedicated short bias (-0.43 per cent) was the worst performer.
The following funds were dropped from the Dow Jones Credit Suisse Hedge Fund Index in November: First Quadrant Global Macro Fund, Gruss Arbitrage Fund, and Sorin Funds.
The Hedgeweek Awards 2013 for the best hedge fund performers and service providers will be
Liquidnet, the institutional trading network, has appointed Mark Pumfrey as head of EMEA and a member of the global leadership team, effective immediately.
In this role, Pumfrey is responsible for overseeing and growing Liquidnet’s European business with an immediate focus on identifying new sources of actionable block liquidity, providing asset managers with access to Liquidnet’s full product suite and adding new members to the network.
Based in London, he will report directly to John Kelly, global chief operating officer at Liquidnet.
“Our strategy remains focused on helping our network of institutional investors achieve better performance by deepening our liquidity pools
TIG Advisors, an investment platform that oversees more than USD1.8bn across multiple strategies, has appointed Kenneth Goodreau, former chief investment officer of the USD8bn Rhode Island State Pension, as chief investment officer, effective 1 January 2013.
In this new role, Goodreau (pictured) will develop and manage various aspects of TIG’s investment platform, including creating multi-manager solutions for institutional investors, sourcing portfolio management talent and providing thematic investment research.
“We are pleased to welcome a professional of Ken’s calibre to TIG Advisors,” says Spiros Maliagros, president of TIG. “We look forward to leveraging Ken’s deep institutional relationships and broad expertise as both
Arden Asset Management has launched an open-end mutual fund, the Arden Alternative Strategies Fund, with more than USD700m in assets, which offers investors access to professionally-managed hedge fund strategies.
The fund seeks to achieve a relatively low correlation to the major equity and fixed income markets in a daily liquidity format.
The fund complements Arden’s core business of providing customised hedge fund solutions, managed accounts, commingled vehicles and other vehicles for its global institutional and pension fund clients.
Averell H Mortimer, president and chief executive officer, says: “As the global population lives longer and takes greater control over their financial
By Duncan Crawford – Revenue pressures coupled with increased costs are forcing many in the industry to overhaul their business models in an attempt to capture new revenue streams. The alternatives industry has radically changed and the turmoil created by this has been particularly damaging to prime brokers, many of whom operate revenue models focused on stable client securities balances and securities trading volumes.
While the bulk of a traditional hedge fund manager’s investment thesis is implemented through equity and/or fixed income transactions, cost pressures are forcing prime brokers to diversify towards servicing strategies that utilise instruments other than cash
Westhouse Securities, the corporate and institutional broking group, has appointed Harinder Sandhu to its institutional sales desk where he will focus on servicing hedge funds.
Westhouse Securities, the corporate and institutional broking group, has appointed Harinder Sandhu to its institutional sales desk where he will focus on servicing hedge funds.
He joins the firm from GLG Partners where he was an asset manager in its UK Alpha select team.
Sandhu started his career as a fund manager at UBS Phillips and Drew in 1994 and was latterly Director and head of specialist UK equity products at UBS Global Asset
The London Metal Exchange (LME) is celebrating another record year with volumes 10 per cent higher and a series of industry awards.
The Exchange won six awards in 2012, including Commodities Exchange of the Year (awarded by Commodities Now), Chief Executive of the Year for Martin Abbott (FOW), Chief Technology Officer of the Year for Michael Warren (Financial News), New Metals Product of the Year for LMEswaps (FOW), and Company Secretarial Team of the year (ICSA).
"This year has been an extraordinary year for the LME, not least because of the acquisition by HKEx," says Martin Abbott, chief executive of
Fidessa group has completed the pan-European FIX integration from Fidessa’s OMS to Squawker, the block trading negotiation venue.
The systems integration will ensure that users of the Fidessa European Trading Platform (ETP) will be able to route orders, IOIs and advertised trades to Squawker direct from their OMS, when the new block trading venue goes-live in the first quarter of 2013.
Chris Gregory, chief executive, Squawker, says: “Squawker matches trading counterparts, enabling them to build block volumes together, according to their different types of interests. Those interests can be expressed by users from their OMS using orders, IOIs and
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