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Morgan Lewis has appointed private funds lawyer Noel Ainsworth as a partner in its Business & Finance practice in the London office. He will join Morgan Lewis in the New Year from the London office of Simmons and Simmons.
Ainsworth focuses on all aspects of private investment funds and investment management. His practice involves the formation and operation of private investment funds including private equity, credit and distressed credit, clean energy, infrastructure, real estate and hybrid funds; the formation and operation of funds of funds and secondary funds; sales and purchases of fund interests in the secondary markets, and the
Schroders warned of a bleak economic outlook for the UK in 2012 at its annual crystal ball breakfast meeting hosted by Alan Brown, Group CIO and Azad Zangana, European Economist in London this week.
The overriding opinion of Schroders is that the UK will be in recession next year as the continuing deterioration of the eurozone takes grip. If the wheels fall off the eurozone it will present a “very serious risk” in Brown’s opinion, who stated: “We’re at the early stages of a credit crisis, yields are coming under pressure as money migrates to Germany. Right now the outlook
Alternative Investment Group, a USD1.5 billion alternative investment management firm that invests globally in long/short equity strategies, has appointed Joel Gantcher (pictured) as Managing Director, Head of Manager Research, and Samuel Sussman as Managing Director, Head of Investment Strategy, effective 5 January, 2012. Both Gantcher and Sussman will become members of the firm’s Investment Committee.
In his new role, Gantcher will spearhead the firm’s manager research, sourcing, and due diligence efforts to identify, evaluate, and include optimal managers in the Alternative Investment Group portfolios.
Sussman will direct the firm’s top-down research, identifying investment opportunities across strategies, industry sectors, and geographies. He
Carl Huttenlocher (pictured), the former Asia head of Highbridge Capital Management LLC is aiming to raise upwa
Ali Akay, a former trader at Steve Cohen’s SAC Capital Advisors, is preparing to launch his emerging mark
Masaru Koibuchi and Kazuho Suzuki, former bankers at Goldman Sachs Group Inc.
Barclays Capital has appointed a new hedge fund executive, Nicholas Wright, as its head of global market
Carey Olsen has advised Argentum Capital on the Jersey legal aspects of its multi-million pound listing on the Channel Islands Stock Exchange, the first listing of a litigation fund on the CISX.
Third-party funding is the provision of funding for litigation in return for a share in the proceeds. The funding is used to cover legal costs that would enable a case to be taken to a successful conclusion. Litigation investment is gaining momentum in the UK as a new area of investment as an emerging asset class and the CISX listing breaks new ground for the Channel Islands.
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Ruud Hendriks, a non-executive director of Man Group, has been appointed as non-executive Chairman of the firm’s Institutional Department and will step down from the Board. Ruud’s change of role will be effective from 1 December, 2011.
Ruud has a lifetime’s experience in institutional sales, having previously been a Managing Director and Co-Head of Sales for Europe, Middle East and Africa at Goldman Sachs and Global Head of Institutional Sales for Robeco, a leading international asset manager.
Jon Aisbitt (pictured), Chairman of Man, says: “While we are sorry to see Ruud step down from the Board, I am delighted
NYSE Technologies, the commercial technology unit of NYSE Euronext, has made Level 1 and Level 2 OTC Markets Group data through its global market data platform, SuperFeed.
SuperFeed is a fully hosted consolidated market data service managed by NYSE Technologies that offers direct connectivity to a range of key global trading venues, now including the over-the-counter securities trading on OTC Markets Group’s platforms. This data solution reduces complexity and client overhead by allowing customers to consolidate fragmented technologies and complicated connectivity options, thereby reducing costs and multi-vendor dependency.
“The addition of OTC data from the world’s largest electronic marketplace
