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Eze Castle Integration, a provider of IT services, technology and consulting to investment management firms, has promoted Christopher Holden from the position of senior vice president of finance to chief financial officer.
Holden, who has served the company for nearly a decade, will oversee all of Eze Castle’s worldwide financial operations. His promotion comes as the company continues to grow its revenue streams and expand into new markets around the globe.
Since joining Eze Castle in 2003, Holden has managed the company’s US financial operations and spearheaded the establishment of international operations, most recently in Asia and the UK. As
Emerging market long/short equity specialist, Finisterre Capital, this week announced the launch of the Finisterre Equity Fund, a
Although performance was hardly stellar last year, Asian hedge funds nevertheless still managed to outperform the region’s volatile whipsawing markets according to new data released by Hedge
China’s slowdown appears more cyclical than structural according to Klaus Bockstaller (pictured), Head of Emerging Markets at Pictet A
Michael Coleman (pictured), managing director of Singapore-based Aisling Analytics, is suspending a 30-year trading career to focus on risk reported Bloomberg this week, after
Pursuant to the Market Abuse (Directive 2003/6/EC) Regulations 2005 (the “Market Abuse Regulations”), since 1 July 2005 the Central Bank of Ireland has delegated market monitoring and investigation tasks to the ISE. These delegation arrangements ended on 31 January 2012 and the Central Bank is now carrying out all monitoring and investigation functions formerly carried out by the ISE, in addition to its own monitoring and investigation functions under the Market Abuse Regulations.
From 1 February 2012, the Central Bank is conducting all market abuse inquiries with respect to investment funds listed on the MSM. The Central Bank will also
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action against Christopher B Cornett of Buda, Texas, charging him with solicitation fraud, issuing false account statements, misappropriating pool participants’ funds, and failing to register in connection with an off-exchange foreign currency (forex) fraud.
According to the CFTC complaint, filed on 2 February, 2012, in the US District Court for the Western District of Texas, from at least June 2008 through at least October 2011, Cornett solicited prospective pool participants to provide funds for a pooled investment in forex. Cornett acted as the manager and operator of the pool,
Lazard Asset Management (LAM) has launched the Lazard Alternative Strategies 1099 Fund, a fund of hedge funds that offers investors the ability to participate in the hedge fund asset class with a minimum investment of USD25,000. In lieu of K-1s, IRS Form 1099s will be issued to investors for simplified tax reporting.
“The Lazard Alternative Strategies 1099 Fund invests in multiple hedge funds across a range of investment strategies and seeks returns with less market exposure than traditional stock and bond portfolios,” says Charles Carroll (pictured), a Deputy Chairman and Head of Global Marketing, LAM. “Our highly experienced portfolio management
The Hennessee Hedge Fund Index advanced 2.51% in January, while the S&P 500 advanced 4.36%, the Dow Jones Industrial Average increased 3.40%, and the NASDAQ Composite Index climbed 8.01%. Bonds also advanced, as the Barclays Aggregate Bond Index increased 0.88% and the Barclays High Yield Credit Bond Index advanced 3.04%.
“After several months of treading water, managers posted profits as stocks rallied on fundamentals, being driven less by macroeconomic and political news and more by underlying company specific fundamentals,” commented Charles Gradante (pictured), Co-Founder of Hennessee Group. “The top performing managers were positioned for a January rally and were long stocks that underperformed in 2011.”
“January was
The most likely path for unwinding global imbalances over the medium term is through appreciation of EM currencies versus G10 currencies, says Jerome Booth, Head of Research, and Jan Dehn, Strategist at Ashmore Investment Management…
The world in 2012 will continue to be divided into deleveraging G10 economies and EM economies without excessive debt. The US and Europe will continue to experience sub-trend growth, with the main risk still a return to recession or even depression. Most of the EM economies will grow close to trend, with the main risks being country specific, most commonly inflation. G10 and EM economies
