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Chi-X Australia, a wholly owned subsidiary of alternative trading venue operator Chi-X Global, has appointed Jamie Crank as head of market operations.
Crank joins from the London Stock Exchange where he was most recently head of commercial management, equity and derivatives markets.
He brings extensive experience in market operations and global market structure knowledge.
Peter Fowler, chief executive of Chi-X Australia, says: “We are delighted to welcome Jamie as head of market operations. With over 15 years’ experience in Europe’s financial markets, his unique skill set and insights will be tremendously beneficial to our management team. As we head into
Deer Park Road’s flagship fund, STS Partners Fund, has closed to new investors.
The fund, which focuses on deeply discounted, short-duration, high cash-flow mortgage-backed (MBS) and other asset-backed (ABS) securities, was started in May 2008 with USD17m of internal capital and has since grown to more than USD600m.
Deer Park plans to roll-out a new fund early in the second quarter of 2013 that uses the same strategy and process employed in STS Partners Fund, but with securities that, for the most part, will be slightly higher in the capital structure and with slightly lower return expectations.
The new fund’s
Centaur Fund Services provided consulting advice and assistance to Clearstream Banking over the development and launch of a new hedge fund investor services platform.
Clearstream customers can now invest in hedge funds using a single point of entry for orders, streamlined cash management and consolidated position reporting.
With the launch of the new service Clearstream will drive automation in the investment process for hedge funds and make it easier for investors to access this important asset class.
Centaur will continue to provide consultancy services to Clearstream as it builds and grows the new hedge fund investor services business over
What many investors currently perceive as safe haven assets could turn out to be the snake lurking in the grass next year, says Johanna Kyrklund (pictured), Schroders’ Head of Multi-Asset Investments…
Against a backdrop of on-going fears of downside risk, political uncertainty and lacklustre economic statistics, higher risk assets such as equities and high yield debt have quietly delivered strong returns in 2012. Of course, safe assets like government bonds have also continued to perform as rock-bottom interest rates underpinned the asset class. Could 2013 signal a more meaningful move out of safety into risk, out of quality into value?
Six alternative funds are being offered the chance to pitch to more than 200 institutional investors, funds of funds and high net worth individuals at the second Amsterdam Investors Forum (AIF), organised by ABN AMRO Clearing on 13 February 2013.
The competition is open to all funds regardless of size, location, investment targets or style – active or prospective.
Participants are required to send a maximum 150 word submission to [email protected] by 22 December 2012. Selected funds will make a three minute pitch at the forum and delegates will vote for the first winner of “The AIF Factor”.
“This is
ATA RiskStation has launched a web-based risk reporting solution for hedge funds and hedge fund services providers powered by PortfolioScience’s RiskAPI, an on demand, multi-asset risk analysis system.
"Our proprietary risk system fills a clear market gap for cost-effective but comprehensive risk modelling," says Aladin Abughazaleh, ATA RiskStation’s founder. "Our core premise is that no single measure of risk is perfect or reliably models downside exposure in all market conditions and for all portfolio types."
The service offers clients the ability to set up highly customised risk scenarios that use a variety of Value at Risk and stress testing models.
Wells Fargo Securities is rebranding Merlin Securities as Wells Fargo Prime Services.
Additionally, its web-based suite of prime brokerage technology solutions known as MerlinPRIME, MerlinSHARP and Merlin COMPASS have been renamed Wells Fargo PRIME, Wells Fargo SHARP and Wells Fargo COMPASS, respectively.
“Our new name reinforces Wells Fargo’s commitment to providing superior prime brokerage services and industry-leading technology to the alternative investment community,” says Stephan Vermut, co-head of Wells Fargo Prime Services. “We look forward to continuing to provide financial and technology solutions while growing our product offerings to meet the needs of the marketplace.”
Wells Fargo Prime Services is
Dyal Capital Partners, a private equity fund managed by Neuberger Berman Group, has received USD1.28bn in client commitments to make minority investments in the management companies of established hedge fund firms.
The fundraising effort exceeded Dyal’s goal of USD1bn. Investors included sovereign wealth funds, public and private pensions, multi-employer pensions, insurance companies, endowments and foundations, family offices and private banks.
Dyal’s strategy is to purchase minority equity interests in a portfolio of approximately 12 to 15 institutional hedge fund management companies, diversified by strategy and geography. These relationships will be structured for the long term, as Dyal has raised a
NYSE Liffe, the European derivatives business of NYSE Euronext, has expanded Bclear, the exchange’s trade confirmation, administration and clearing service, to include fixed income products.
The new contracts available through Bclear will be Three Month Euro (Euribor) Futures, Three Month Sterling (Short Sterling) Futures and Long Gilt Futures.
The new Bclear contracts will be available to NYSE Liffe members from 10 December 2012.
NYSE Liffe will be extending its Bclear service to accommodate market participants seeking to execute large size interest rate products. The exchange is focused on facilitating efficient markets and its Bclear solution reconciles the processing and
Insparo Asset Management has appointed Glenda Levin as head of marketing in a move to broaden the firm’s investor base.
Levin will primarily be responsible for expanding Insparo’s existing investor base in the UK and Europe. In addition, she will lead a dedicated marketing drive targeting new international investors, particularly in the US. She will also play a major role in the design and marketing of new products for the firm.
Levin’s appointment comes in a period of accelerated growth for both Insparo’s funds and the regions they invest in. Alongside the firm’s exceptional YTD performance, the positive regional outlook
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