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BI-SAM Inc has appointed Scott Okupski as North America Head of Client Services, responsible for product implementations, client relationships and local support.
Okupski’s appointment will reinforce BI-SAM’s North American management team, which has already been strengthened through a heavy recruitment drive. Growing from 5 to 15 employees, the US subsidiary has benefited from a large success in the market, and has seen client numbers doubled.
Current market requirements combined with the impressive reputation of B-One & BI-SAM’s team of experts are the group’s main success factors in the region.
With more than 15 years’ experience in financial platforms
New York-based hedge fund consultant Atrato Advisors has added to its team, recently hiring Jinah Jang as an analyst.
Jang, a quantitative specialist, had previously worked as an analyst at fund-of-funds Argus Advisors and at Schafer Cullen Capital Management. Her appointment comes just as the hedge fund advisory firm, led by partners Brian Reich and Janna Sobolev, has completed its third year in business. Atrato has also promoted Mike Boensch to Director of Research.
The continued growth at Atrato Advisors comes on the heels of firm’s first few institutional mandates, which include a national non-profit organisation and a global financial
William Bollinger (pictured), a pioneer of London’s hedge fund industry and one of the co-fo
International law firm Akin Gump Strauss Hauer & Feld LLP has announced plans to open an office in Hong Kong and further expand its international footprint.
Hong Kong Exchanges & Clearing (HKEx), Hong Kong’s stock market, this week started selling the first futures tracking volatility in Asia reported Bloomberg
Doric Capital Corp, one of Hong Kong’s oldest hedge fund firms founded by former Man Group Plc executive Michael Nock (pictured) in 1999, has taken the tough
Barclays Corporate has appointed Richard Garritt as Director, Funds and Asset Managers, within its Non-Bank Financial Institutions (NBFI) team, based in New York.
At Barclays, Garritt will be responsible for building the bank’s corporate banking relationships with existing North American clients and developing strong links with new clients within the funds and asset managers sector.
Garritt was previously a Director and Head of Fund Manager Relations at National Australia Bank in New York where he was responsible for delivering the business strategy for the funds sector. Prior to joining NAB, Garritt spent 11 years at Scotia Capital where he originated
Altana Wealth is opening the Altana Distressed Assets Fund (ADAF) managed by founder and CIO Lee Robinson, to outside investors.
Robinson has a 14 year audited track record of managing money successfully particularly in bear markets and he has personally invested over USD20 million of his own money in ADAF.
Robinson says: “ADAF aims to protect investor capital by profiting from unloved, or distressed assets that are in forced selling situations, fundamentally undervalued or trading at low multiples of mid cycle earnings. Given that the lowest multiples are currently in Europe and the continent is entering a seismic economic
The London Metal Exchange (LME) saw encouraging volumes in LMEswaps trading since launching the contracts on 23 January 2012. A total of 2,400 lots traded, of which 2,368 were in aluminium, 30 in copper and two in nickel.
LMEswaps introduce a new kind of contract to the market, which responds to the needs of the physical industry. For the first time, LMEswap users can benefit from a regulated market with the same counterparty default risk protection offered by other LME contracts.
Tradable on LMEselect and the 24-hour telephone market, LMEswaps enable market participants to enter into a fixed
Ashmore Group’s total total net revenue roes 4 per cent in the six months to 31 December 2011 to GBP181.0 million (H1 2010/11: GBP173.7 million), according to the firm’s unaudited results for the period.
Net management fees increased 30% to £151.4 million from £116.1 million, while performance fees decreased to £23.0 million from £60.1 million.
Profit before tax was up 2% to £129.8 million (H1 2010/11: £127.6 million), with an EBITDA margin of 70% (H1 2010/11: 73%). Assets under management meanwhile, totalled US$60.4 billion at 31 December 2011, a decrease of US$5.4 billion (8%) from 30 June 2011 with net
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