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Strong performance in the last week of March, coupled with an adjustment to the GLG acquisition balance sheet, helped Man Group record statutory profit before tax from continuing operations of USD324 million (2010: USD541 million) for the year ended 31 March 2011, ahead of the pre-close estimate of USD280 million, according to the company’s latest results.
Adjusted profit before tax from continuing operations was USD599 million (2010: USD560 million) in the same period, whiled diluted statutory EPS from continuing operations was 14.0 cents per share (2010: 24.8 cents per share); adjusted EPS of 27.6 cents per share (2010: 25.5 cents
USD100million: that’s the AUM target for Singapore-based RSR Capital, whose volatility hedge fund Caerus Arbitrage Asia launched last August
Yet another overseas fund manager has been drawn to Singapore.
Morgan Stanley prime brokers are busy helping negotiate opportunities for i
Everyone knows what a jungle the financial markets are.
Alternative asset manager Investcorp and Prosiris Capital Management, a New York based hedge fund manager led by former Goldman Sachs managing director Reza Ali, have formed a strategic partnership that will provide Prosiris with support and stable growth capital while giving Investcorp and its investors access to a specialised credit oriented strategy.
Prosiris will become the latest investment advisor on Investcorp’s Single Manager Platform, which has a total of USD1.6 billion in client and proprietary assets under management. Investcorp will provide Prosiris with an initial investment and will also provide marketing and operational risk management support and oversight.
Investcorp generally
Northern Lights Capital Group, which provides capital and strategic resources to boutique asset management firms, has named Bernie Norton a Director. Norton, who will be based in Denver, will focus on new business development and client service in the Midwest for the Northern Lights portfolio companies.
Norton brings more than 10 years of financial industry experience to his new role at Northern Lights. Prior to joining the company, he was a consultant relations manager at Denver-based Janus Capital Group, where he oversaw national institutional consultant relationships. Before that he was with ICON Advisors, where he was responsible for all
Diamond Dragon Advisors Limited of Hong Kong, Shanghai and Sydney is has appointed Kyung W Kim as CIO, Fund Origination and GP Advisory Services.
As a Senior Managing Director, Kim will be on the Executive and Management Committees and will be located in the Hong Kong office.
Formerly General Manager of Tokyo-based Shinsei Bank, Kim played a key role in establishing the bank’s Alternative Investment program which invested in private equity and real estate funds and hedge funds for the bank’s balance sheet. Prior to Shinsei, she was an investment banker for Warburg Dillon Read and Morgan Stanley. She
IMQubator, the hedge fund seeding platform backed by APG, has committed EUR25m in seed capital to the iSTAR fund being set up by Rudolph Shally and Thomas Artarit. Thomas and Artarit previously worked together at AIG Financial Products in Tokyo and London, before they left to found iSTAR Capital.
The iSTAR fund will have a trend following and carry strategy for various markets. The team will be based in Amsterdam and is in the process of creating a Dutch management company. The iSTAR fund will be Luxembourg domiciled and will be launched on 1 September.
Jeroen Tielman (pictured), CEO of
Laurent Guillet has been appointed CEO of Amundi Alternative Investments (Amundi AI). Previously Deputy CEO of Amundi AI, Guillet joined Amundi Investment Solutions (ex CASAM) in April 2007 to focus on the managed account platform. Before this he worked as Head of Equity and Fund Derivatives Sales for Europe, Middle East and Northern Africa in the Capital Markets Division of Calyon (2004-2007).
From 2001 to 2004, Laurent Guillet was Head of Sales, Equity Derivatives for France, Benelux and Switzerland at Crédit Agricole Cheuvreux. From 1994 to 2001, he was responsible for Fixed Income structuring and marketing for French financial
