Latest News
Pivot, a provider of liquidity management and collaboration software to the financial markets, has appointed Steve Reich as managing director product management and business development.
Reich previously held senior trading positions at Wall Street banks and has served in senior management roles at a number of financial technology firms.
“Steve’s track record as a professional trader and as a proven fin tech entrepreneur makes him a great addition to the Pivot management team,” says John H. Eley, chief executive of Pivot. “Our client base continues to grow quickly and Steve’s contributions in product management and business development will be invaluable
- 29/11/2010
Law firm Dechert has added Wolfgang Kissner to its financial services and investment management group as a national partner in Munich.
Prior to joining Dechert, Kissner worked as a structurer and platform specialist for an investment bank in Paris, and before that in the legal department of an investment bank in London.
He started his career at two law firms in Munich and Frankfurt from 2002 to 2007, and is qualified both as Rechtsanwalt in Germany and as a solicitor in England and Wales.
Kissner has extensive experience advising both German and international clients on capital markets, private funds, banking
- 29/11/2010
Almost two-thirds of fund groups (65 per cent) expect the use of performance fees on equity funds to rise again in 2011, according to research by Skandia Investment Group.
The research, which is part of a broader study by SIG into the future of fund management to be published on 29 December 2010, reveals that many global asset management firms believe the use of performance fees will increase across a range of asset classes next year.
Equity funds and absolute return vehicles are expected to see the greatest increases, with 65 per cent and 50 per cent of those surveyed
- 29/11/2010
RWC Partners will launch the RWC Macro Fund managed by Peter Allwright and Stuart Frost at the end of January 2011.
The fund will be the first fund that RWC Partners will domicile in Ireland.
Subject to approval it will be structured as an open ended investment company and will be a qualified investment fund.
Allwright and Frost were previously responsible for the Threadneedle Macro Trading Crescendo Fund and their new fund will replicate this strategy. They managed their previous hedge fund from October 2008 until June 2010 and, despite the financial and hedge fund crisis, total returns for
- 29/11/2010
The Lutetia Patrimoine Fund, a Paris-based Ucits absolute return fund specialising in merger arbitrage, celebrated its first birthday last week with a 26-fold increase in assets under management.
The Lutetia Patrimoine Fund, a Paris-based Ucits absolute return fund specialising in merger arbitrage, celebrated its first birthday last week with a 26-fold increase in assets under management.
The first offering from independent asset manager Lutetia Capital, the weekly-dealing Patrimoine Fund launched with USD3m on 27 November 2010.
Since then assets have steadily increased to approximately USD80m.
Lutetia Capital co-founder Fabrice Seiman says: “We launched the Lutetia Patrimoine Fund with the
- 29/11/2010
Burford Capital has raised USD175m (GBP110m) to create the world’s largest dispute financier.
The Guernsey closed-ended investment company is publicly traded on the London Stock Exchange’s Alternative Investment Market following from its initial public offering in October 2009.
The company has now announced a placing of approximately USD175m (GBP110m), consisting of 100 million placing shares at 110 pence per share.
A company statement said the placing will allow Burford Capital to continue its investment programme and solidify its position as a market leader in commercial dispute financing.
The completion of the placing is subject to shareholder approval and the admission
- 29/11/2010
The value of investment fund business in Guernsey grew by GBP18.9bn (8.4 per cent) during the third quarter of this year.
The increase means that there have now been five consecutive quarters of growth and it has taken the net asset value of funds under management and administration in the island to a new record high of GBP243.1bn at the end of September 2010.
This is an increase of GBP61.6bn (33.9 per cent) on the same time in 2009.
Peter Niven, chief executive of Guernsey Finance, the promotional agency for the island’s finance industry, says: “I am extremely pleased to
- 29/11/2010
- 29/11/2010
London-based Trafalgar Capital Management, an alternative asset manager established in 2001, announced this week it was m
- 28/11/2010
Brevan Howard has announced it has launched its third newcits to partially replicate the performance of the firm’s USD24billion flagship.
- 28/11/2010
Asian boutique firm, Hamon Asset Management, established by star fund manager Hugh Simon
- 28/11/2010
Special Reports
FeatureD
- Intel
- May 2, 2024
- Intel
- May 1, 2024
- Intel
- April 30, 2024
- Intel
- April 29, 2024
- Intel
- April 26, 2024
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
