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Peregrine Communications, the specialist integrated communications consultancy, has been appointed by Wells Fargo Asset Management (WFAM) to support the firm’s communications and media relations in Europe and Asia targeting the retail, wealth management and institutional markets.
The WFAM account team is led by Paul Wynne, Meglena Petkova and Karolis Adomaitis.
Peregrine was selected to manage the WFAM account after a six-way competitive proposal and pitch process.
Anthony Payne (pictured), chief executive of Peregrine Communications, says: “We are very excited to have been trusted by one of the world’s leading asset management brands to help strengthen awareness of their unique capabilities
Maples and Calder recently welcomed six new funds partners to its Cayman Islands office.
Heidi de Vries, Julian Ashworth, Sheryl Dean, David Marshall, Philip Millward and Gwyneth Rees join associates Greg Barwick, Philip Dickinson, Patrick Head and Lucy Nicklas, who commenced employment in August.
Tim Clipstone, a partner in the British Virgin Islands office, started in June.
"We are excited to welcome this latest round of hires to our team," says Jon Fowler (pictured), the firm’s global head of the funds group. "Their joining our firm underlines Maples and Calder’s position as the premier law firm in the Cayman Islands.
The Securities and Exchange Commission has separately charged a pair of hedge fund managers and their firms with lying to investors about how they were handling the money invested in their respective hedge funds.
The charges are the latest in a series of actions taken by the SEC enforcement division and its asset management unit against hedge fund-related misconduct in the markets.
In one case, the SEC alleges that San Francisco-based hedge fund manager Hausmann-Alain Banet and his firm Lion Capital Management stole more than a half-million dollars from a retired schoolteacher who thought she was investing her retirement savings
Scoach, a European trading platform for structured products, has made a change to its management board.
After three years’ service, Marco Steeg (pictured) is returning to Deutsche Börse to head controlling and billing with effect from 1 November 2012.
Simone Kahnt-Eckner is to become the new chief financial officer and chief operating officer of Scoach Schweiz, Zurich, and Scoach Europa, Frankfurt, also from 1 November 2012.
Kahnt-Eckner has many years of experience in capital markets. She has been at Deutsche Börse Group since 1989. She has worked in Deutsche Börse’s Xetra cash market since 2000 and, since 2007, has been
International law firm Simmons & Simmons has entered into an alliance with US firm Seward & Kissel for hedge fund and asset management work.
The alliance combines the strength of hedge fund and asset management practices in London, New York and Hong Kong to offer a top tier combined service for hedge funds and their managers around the world.
Clients will have immediate access to full service hedge fund and asset management expertise, from fund formation and management to all advisory services such as regulation, derivatives, corporate structures, tax, litigation, employment, IP, finance, government investigations and transactional services.
Hong Kong and Singapore have suffered a reverse of fortunes as they compete with New York and London as major centres for the world’s biggest hedge funds.
Referring to a survey produced by an industry publication, the Financial Times this week reported that the number of hedge fund groups managing more than USD1billion has fallen to 18, having stood at 21 six months ago. By contrast, New York has further strengthened its position as the hedge fund industry’s leading centre; its “billion dollar club” has grown from 139 to 153. London is pretty much unchanged, its number dropping by one
On 15 August the Singapore Exchange Derivatives Trading (SGX) requested an expedited Commodity Futures Trading Commission (CFTC) review of the SGX’s MSCI Indonesia Index futures contract so that it could be offered to US persons.
SGX also requested that the contract may be made available through direct access terminals in the US.
The CFTC’s division of market oversight reviewed the contract and determined that it satisfied the requirements of the Commodity Exchange Act and the Commission’s regulations, and approved both requests.
CBOE Futures Exchange (CFE) has temporarily postponed the launch of S&P 500 Variance futures, originally scheduled to begin on 4 October.
The additional time will allow market participants to further prepare for the trading and clearing of S&P 500 Variance futures.
CFE plans to launch S&P 500 Variance futures later this quarter and will announce the new launch date when it has been determined.
Kim Frisinger has been appointed director at Kinetic Partners and will be joining the Hong Kong team to develop the firm’s forensic offering in Asia.
This appointment will further enhance Kinetic Partners’ forensic and disputes practice, making it easier for clients in the region to access the firm’s financial services expertise and broad experience of assisting clients involved in the most complex disputes and investigations.
Frisinger and the forensic team will increase the firm’s ability to serve clients facing difficulties in China and throughout the region. They will work closely with colleagues in the firm’s other offices.
Frisinger joins Kinetic
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.47 per cent in September as five of the seven index component strategies reported positive results for the month.
Long/short equity (2.43 per cent) and event driven (1.46 per cent) were the top performers while emerging markets (-0.37 per cent) and managed futures (-2.72 per cent) were the two strategies to finish the month in negative territory.
The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which seek to enable investors to track the impact of market events on the hedge fund industry.
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