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Alter Domus has appointed Michael Ellul as Director of the firm’s office in Malta.
The office in Malta, which was established in 2010, offers corporate management support to holding and financing companies of investment firms, multinationals, and private investors. Solutions range from fund administration services to company management. Malta’s importance as a fund domicile of choice and a member of the EU made it a logical location in the expansion of Alter Domus global network.
Michael Ellul, who joins an existing team of experienced professionals in Malta, has significant local experience in banking and in trust and company formation. In
Signia Wealth Limited has appointed Ameet Patel as head of alternative investments. He will be based in the London office and will report to CIO Gautam Batra.
Patel’s role will focus on building Signia’s hedge fund investment proposition as he joins the rapidly expanding investment team at the firm.
Prior to joining Signia Wealth, Patel was a Managing Director at AlphaOne Partners in a similar role investing in hedge funds on behalf of UHNW clients. Before transitioning to the buy-side, he worked for several years as an equity research analyst at Lehman Brothers in the top ranked telecoms
Trading volumes for NYSE Euronext’s global derivatives and cash equities exchanges were mixed both year-over-year and month-over-month across most venues in April, but reflected some strengthening relative to weak first quarter 2012 levels.
NYSE Euronext global derivatives ADV in April 2012 of 8.2 million contracts decreased 6.9% compared to April 2011, but increased 1.4% from March 2012 levels and were up 9.0% from first quarter 2012 levels.
NYSE Euronext European derivatives products ADV in April 2012 of 4.3 million contracts decreased 9.6% compared to April 2011, but increased 9.1% from March 2012 and were up 28.2% from first quarter 2012
Hedge funds posted a narrow decline to begin Q2 2012, with the HFRI Fund Weighted Composite Index declining by 0.36 per cent in April, according to data released today by HFR (Hedge Fund Research, Inc).
The April decline follows a 1Q12 gain of 4.79 per cent, the best 1Q performance since 2006, and concludes a month dominated by the resurgence of investor concern with regard to the European sovereign debt crisis and uncertainty surrounding the outcome and implications of European elections. Total hedge fund capital increased to a record level of USD2.13 Trillion in 1Q12 on performance and continuing investor
Eze Castle Integration, a provider of strategic IT services, technology solutions and strategic consulting to hedge funds, has opened an office in Hong Kong.
Eze Castle’s expansion to Hong Kong builds on its success in Singapore and allows the company to better serve its growing roster of European and Asia Pacific clients.
"Since opening our Singapore office in 2010, we have experienced solid growth in clients and built a strong operational foundation. This continued expansion of our global presence reinforces our commitment to the Asia Pacific region as an important market for hedge funds," says Serge Bukhar, executive director, Eze
By James Williams, news editor, Hedgeweek – Seeding hedge funds has picked up in popularity over the last 12 months at a time when new managers looking to raise capital has become notoriously difficult. Unless, that is, you happen to have worked on the prop desk at Goldman Sachs or in one of the world’s high-profile multi-billion dollar hedge funds.
So it perhaps comes as no surprise that leading European seeding platforms like Amsterdam-based IMQubator are staying one step ahead of the pack by developing relationships outside of Europe to source the next wave of talent.
Earlier
The Honourable Ruben Castillo, of the US District Court for the Northern District of Illinois, entered an order freezing the assets of defendants Dimitry Vishnevetsky of Chicago, and his company, Oxford Capital, LLC (OCL), a defunct Wisconsin limited liability company. The court’s order also prohibits the destruction of books and records.
The court’s order stems from a CFTC civil complaint also filed on 1 May, 2012, charging Vishnevetsky and OCL with fraud in connection with the operation of two commodity pools and an additional commodity trading scheme. According to the complaint, from at least the fall of 2006 through the
Carne Group, a providers of hedge fund governance, has appointed senior US banker Fred Schilling as a Managing Director in its US office. The appointment comes as Carne expands its governance and oversight business in North America.
Schilling is a veteran prime broking professional of more than three decades’ experience. He helped to found and build up Bear Stearns’ hedge fund prime brokerage into an industry-leading business. He spent more than 20 years at Bear Stearns, where he was a Senior Managing Director and helped to launch and support some of the most successful hedge fund firms in the US.
RiverPark Advisors has introduced the RiverPark/Gargoyle Hedged Value Fund, a conversion of the Gargoyle Hedged Value Fund LP, which has a 12-year performance record as a hedge fund.
The fund is sub-advised by Gargoyle Investment Advisor, with Gargoyle’s co-founders Alan L Salzbank and Joshua B Parker as co-portfolio managers. Salzbank and Parker have more than two decades of experience developing and managing options strategies, and have acted as co-portfolio managers on the Gargoyle Hedged Value Fund L.P. since its inception.
RiverPark/Gargoyle Hedged Value Fund employs two time-tested investment strategies – value-oriented stock investing and index option over-writing – in seeking
Guernsey Funds Forum 2012 held in London this week attracted well in excess of 400 delegates – a new attendance record for the event.
The half-day conference and exhibition included two panels sessions – one on regulation and another on manager/investor relationships – and was followed by a macroeconomic debate featuring former UK Chancellor of the Exchequer, Lord Norman Lamont and Economics Editor and Broadcaster, Stephanie Flanders.
The event was moderated for the third consecutive year by Senior ITV News Anchor, Alastair Stewart.
Fiona Le Poidevin, Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance
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