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Otkritie has made additional hires in its investment banking business in London and Moscow.
Sunil Joshi has been appointed managing director, head of London equities. Joshi was previously head of equity trading at Renaissance Capital and prior to that he spent 12 years at Credit Suisse where he was head of EEMEA equity trading.
Berthold Maier has been appointed director of equity sales, based in London. Maier was previously director of international equity sales at Renaissance Capital. Prior to that, Maier spent ten years on the buy-side as a long-short equity portfolio manager for BlueCrest Capital, Griffin Capital and
- 07/10/2010
Merchant Capital, a Ucits umbrella provider to the hedge fund industry, is launching the third fund on its platform – the Merchant Global Resources Ucits Fund.
The fund will employ an absolute return equity strategy with a long-biased approach to investing in global resources.
It has targeted a launch date in October with approximately USD15m in assets under management. Initial capital has been raised from a combination of European institutional and private investors.
Tal Lomnitzer will manage the fund, advised by Mark Latham at Commodity Intelligence. Lomnitzer has 12 years’ buy-side experience in global resources, including three years at
- 07/10/2010
NYSE Euronext says global derivatives average daily volume reached 7.7 million contracts traded per day in September 2010, up 4.8 per cent versus the prior year and 22.5 per cent from August 2010.
The increase in global derivatives ADV versus prior year levels was driven by a 15.9 per cent increase in US equity options ADV, partially offset by a 2.7 per cent decrease in European derivatives ADV.
Cash equities ADV in September 2010 was down, with European and US cash trading volumes decreasing 5.2 per cent and 24.6 per cent, respectively, compared to prior year levels.
NYSE Euronext
- 07/10/2010
Alternative asset manager The Carlyle Group has secured lettings at the new Cubes premises on Cecilienallee 6-7 in Düsseldorf, Germany to RölfsPartner Management Consultants, an independent business consulting and accounting firm.
The company will rent about 9,000 square metres, thereby giving up its current offices on Grafenberger Allee.
RölfsPartner is scheduled to take up residence at the new premises in the summer of 2013.
The new building offers 13,500 square metres of lettable space. Located in a park, the new premise oversees the river Rhine. Designed by the Hamburg-based architect André Poitiers, the winner of an architecture contest advertised by
- 07/10/2010
ZeniMax Media has closed a USD150m investment by private equity firm Providence Equity Partners in convertible preferred stock of the company.
The proceeds will be used to fund additional growth through increased game development, expanded publishing operations, and strategic acquisitions.
The new investment by Providence supplements an earlier investment of USD300m made by the firm in October 2007.
ZeniMax Media was founded in 1999 by Robert A. Altman, its chairman and chief executive, and through its wholly owned subsidiary, Bethesda Softworks, publishes interactive entertainment content for gaming consoles.
"Though a number of prominent private equity firms offered to invest with
- 07/10/2010
GreensLedge Capital Markets has formed GreensLedge Asia, Tokyo Branch to expand the firm’s business activities in the Asian markets.
Iku Nishino has joined GreensLedge Asia as a managing director and general manager where he will be responsible for providing capital markets advisory solutions and managing transaction executions from the firm’s Tokyo office.
Nishino joins from J.P. Morgan Tokyo where he was a managing director and head of fixed income sales overseeing relationships with major institutional accounts.
"We have had great success providing specialised advisory and capital markets solutions to clients seeking unbiased, conflict-free advice," says Brian Zeitlin, managing partner of
- 07/10/2010
InfoHedge Technologies, a provider of IT services and solutions to the alternative investment industry, is celebrating the five year anniversary of its flagship product, InfoHedge Hosted Platform.
The platform delivers an enterprise grade technology platform over the wire from SAS 70 Type II facilities on a flat fee subscription basis.
It contains embedded disaster recovery and compliance features coupled with a standard due diligence reply document.
“We are proud of our results and accumulated intellectual property,” says Alexander Kouperman, founding principal and president of InfoHedge. “With over 150 hosted clients and a combined hedge fund client base that manages
- 07/10/2010
Citi’s global transaction services unit has launched a global technology platform specifically designed for servicing funds of hedge funds.
The new service, which integrates into Citi’s global operating platform for hedge fund services, enables Citi to provide a suite of fund of hedge fund solutions through a single front-to-back online service.
“For the benefit of servicing fund of hedge fund managers around the world, we have pulled together the entire client experience under one seamlessly integrated, globally consistent platform,” says Neeraj Sahai, global head of securities and fund services, Citi. “Managers have direct, on-line access to our custody services,
- 07/10/2010
Daewoo Securities, a securities firm in South Korea, and Harcourt Investment Consulting have signed a partnership agreement to cooperate on the marketing and sales of various Harcourt fund of hedge funds products to South Korean investors.
The agreement will also provide hedge fund investment advisory services to specific investor groups such as pension and endowment funds.
At the signing ceremony Kee-young Im, the chief executive of Daewoo Securities, said: “Through this agreement Daewoo Securities not only places a cornerstone of a fund of hedge funds and hedge fund business platform to meet with the demand from institutional clients and private
- 07/10/2010
Six out of seven IQ hedge fund replication and alternative beta indices were positive in September, data from IndexIQ shows.
The IQ Hedge Long/Short Beta Index rose 5.25 per cent, event-driven rose 3.58 per cent, market neutral was up 1.32 per cent, emerging markets increased 5.70 per cent, fixed income arbitrage rose 2.19 per cent and composite was up 3.00 per cent.
The IQ Hedge Global Macro Beta Index fell by 0.02 per cent in September.
Year-to-date, the Long/Short Beta Index is the strongest performer, up by 11.45 per cent.
- 06/10/2010
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