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Aquila Capital, the Hamburg-based alternative investment company, has appointed Oldrik Verloop to lead business development in Benelux and Scandinavia.
Verloop, 36, joins Aquila Capital from Switzerland’s oldest bank, Wegelin & Co, where he developed and implemented a market entry strategy for the Benelux and Scandinavian institutional markets. Originally qualified in Dutch civil law, Verloop started his career with leading US telecom company MCI WorldCom, before moving to Cameroon to lead the West African operations of a commodity trading firm. He later returned to the Netherlands to join Shell Gas & Power’s corporate strategy, planning and portfolio department. He holds an
The IMS Group (IMS), the leading regulation and compliance consultancy, has bolstered its consultancy offering with four new hires.
Dominic Williams, Elisebeth Slater and Michael Strug join as compliance consultants. Saira Farooq joins as a consultant in the dedicated Regulatory Transactions Team.
Williams has worked in the financial services industry for 15 years, and in compliance roles for the last 13 years, predominantly with asset managers, including most recently five years as the standalone compliance officer at J. Rothschild Capital Management. At IMS, Williams will provide compliance advice to a range of clients including asset managers, private equity firms and hedge
November proved to be another challenging month in what is proving to be one of the toughest years, performance-wise, for global hedge funds.
Highbridge Capital Management LLC has appointed Arjun Menon as the firm’s Asia head as it looks to place more emphasis on high-yield credit, convertible bonds and volatility tra
A pair of former Lone Pine and Goldman Sachs executives are planning to raise USD1billion for a new Asia-focused hedge fund said sources familiar with the matter
Singapore’s USD53billion hedge fund industry could be under threat of shrinking on the back of new regulations that are expected to raise costs for small h
GlobeOp Financial Services (LSE:GO) has appointed Eamonn Greaves as head of business development. Greaves reports to Hans Hufschmid (pictured), chief executive officer, and is based in the company’s New York City headquarters.
Greaves is a managing director at GlobeOp and previously led the company’s Hartford, CT office, with responsibility for regional fund accounting and operations.
“Eamonn brings comprehensive technical product knowledge, a deep understanding of our client service model and market experience to his new position,” says Hufschmid. “Since joining GlobeOp in 2001 he has worked extensively with clients to identify and support their evolving needs. In recent years, he’s
RBC Dexia Investor Services has appointed Guy d’Albrand as Head of Securities Lending and unveiled its new global Market Products & Services (MPS) business model, offering clients access to multiple portfolio solutions under one umbrella.
D’Albrand previously worked with Société Générale and Newedge, holding senior positions in their investment management and services, investment banking and brokerage units. In his new role, he will be responsible for product management and development for both securities lending and stock borrowing. He joins in January, 2012 and will be located in London.
Susan Pike (pictured), Global Head, Market Products & Services, says: “This
Hedge funds posted monthly declines in November for the fifth time in the last seven months, as lack of clarity on resolution of the European sovereign debt crisis resulted in continued investor caution and risk aversion. The HFRI Fund Weighted Composite Index declined by 0.92 per cent, with weakness across all sub-strategies more concentrated in equity and credit sensitive strategies, as reported today by HFR (Hedge Fund Research, Inc.) the leading provider of data, indices and analysis of the global hedge fund industry.
Relative Value funds posted a decline for the month, as US interest rates declined while borrowing
The Securities and Exchange Commission (SEC) has recently unleashed a powerful new screening tool, Aberrational Performance Inquiry (API), to identify possible fraudulent valuations and misreported returns by hedge fund managers reporting above benchmark returns. Axiom Valuation’s AIRAS capability can protect hedge funds from a possible SEC API by demonstrating through a quantitatively robust and empirically defensible report that the fund’s self-reported returns match the fund’s strategies.
Last week’s SEC announcement of enforcement actions against three hedge funds and six individuals for misconduct including improper use of fund assets, fraudulent valuations, and misrepresenting fund returns, demonstrated a ground-breaking shift in the
