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Pershing LLC’s prime brokerage division received the Best Prime Broker Award at the inaugural US Hedgeweek Awards ceremony in New York.
The winners of this year’s awards were determined by votes cast by Hedgeweek subscribers; which includes institutional investors, wealth advisors and managers.
Voters singled out Pershing Prime Services based on a diverse set of criteria including excellent client service, consistency and ease of doing business.
"It is an honour to be recognised by industry professionals for our leadership in the prime brokerage business," says Gerry Tamburro, managing director of Pershing Prime Services. "This recognition reflects our commitment to
Citigroup has hired Francesca De Bartolomeo as a Director, Head of Southern Europe Investor Sales for its Securities and Fund Services business within its Global Transaction Services unit.
Based in Luxembourg, reporting to Jose Longree, EMEA Head of Client Sales Management for Investors, De Bartolomeo will also be responsible for sourcing business from Latin America into EMEA in cooperation with Citi’s Latin American teams.
De Bartolomeo brings 15 years of experience in the funds industry. She joins from Caceis Investor Services where she was Head of Regional Coverage for Southern Europe and Latin America.
Richard Ernesti, Global Head
Hamid Parsa (pictured), Director of Sales/Business Development, Alceda Fund Management SA, assess the challenges posed by the introduction of the Key Investor Information Document (KIID)…
One of the key mandatory changes under the UCITS IV directive, which comes into force on 1st July 2011, is that the simplified prospectus is to be replaced by the Key Investor Information Document (KIID). Briefer, clearer and simpler than the simplified prospectus, the KIID aims to make it easier for investors to assess and compare UCITS funds.
The key driving force behind the introduction of this new document is the recognition that the
Rothstein Kass has been named Best Accounting Firm in the first-ever Hedgeweek USA Awards at a ceremony on June 16, 2011. Hedgeweek, a Global Fund Media publication, hosted the event, honouring top-performing hedge fund managers and service providers in the industry.
Results were based on voting by Hedgeweek’s network of nearly 20,000 US-based subscribers, including institutional and high-net worth investors, as well as managers and other industry professionals at firms including fund administrators, prime brokers, custodians and advisors.
"The list of Hedgeweek USA Award winners features some of the finest hedge fund operations in existence – firms that are
The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay USD200 million to settle fraud charges related to subprime mortgage-backed securities. Two Morgan Keegan employees also agreed to pay penalties for their alleged misconduct, including one who is now barred from the securities industry.
The Memphis-based firms, former portfolio manager James C Kelsoe Jr, and comptroller Joseph Thompson Weller were accused in an administrative proceeding last year of causing the false valuation of subprime mortgage-backed securities in five funds managed by Morgan
Asia is gearing up for its second largest hedge fund launch this year.
Asia’s second largest hedge fund manager, Tokyo-based SPARX Group, plans to raise up to USD100million over the next year for a real estate fund that will invest in companies building t
Despite market volatility and aggressive selling of China equities in May, which saw Shanghai’s CSI 300 Index fall 6.5 per cent, Asia ex-Japan hedge funds actually did well in attracti
The Hong Kong SFC has lost round one in the legal challenge to ban New York-based hedge fund, Tiger Asia Management LLC, from trading in the ci
Quintillion has been chosen to provide administration services to the Da Vinci CIS Opportunities Fund. The Cayman based hedge fund, which is managed by Guernsey domiciled Da Vinci Capital Management Ltd, invests in listed securities focusing on Russia and the CIS region.
Quintillion will provide the fund with a complete range of administration services, including NAV calculation, investor servicing, anti-money laundering checks and financial reporting.
Eoghan McAteer, Senior Manager at Quintillion. says: “We are extremely happy to welcome Da Vinci CIS Opportunities Fund on board and look forward to continuing to work with its award winning team."
Mikhail Evdokimov,
