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Man Group’s share price on May 3 rose 3.3 per cent – the FTSE 100’s biggest mover – after announcing the launch of a new USD1
Former COO of Algebris Investments LLP, Maria Gabriela Bianchini, has decided to set up a hedge fund advisory firm in Singapore to suppo
Daniel Chan, a former Citigroup Smith Barney portfolio manager, has decided
BNP Paribas Corporate & Investment Banking (BNP Paribas) has appointed Stephen Hale, as Head of Hedge Fund Relationship Management Europe, further strengthening the bank’s European coverage of hedge funds.
Hale joined the Investor Relationship Management team in London at the end of April and reports to Stefano Blotto, Head of Investor Relationship Management team in Europe. Stephen will be responsible for further expanding the BNPP’s hedge funds franchise across Europe leveraging his wealth of experience and strong client contacts.
Hale joins from Barclays Capital where he spent the last 11 years as Head of Rates Sales for Europe, Global
The Dow Jones Credit Suisse Core Hedge Fund Index, which provides daily valuations allowing investors to more accurately track the impact of market events of the hedge fund industry, finished up 1.44% in April.
Oliver Schupp (pictured), President of Credit Suisse Index Co., LLC, says: "After a downturn mid-month, the Dow Jones Credit Suisse Core Hedge Fund Index rebounded to finish up 1.44% in April. Managed Futures was the best performing sector, gaining 4.78% for the month as trading models successfully picked up on reversals in market movements across sectors."
Quintillion has been chosen to provide administration services to the Derwent Absolute Return Fund.
Derwent Capital Markets has already attracted a large amount of publicity around the launch of the Absolute Return Fund. The fund plans to use sentiment signals from aggregated Twitter messages to predict short-term changes in broad stock market indices.
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 delighted to have been awarded the administration mandate for Derwent Capital Markets and
KBR Capital Partners has partnered with VII Peaks Capital to form VII Peaks-KBR in order to build a platform featuring investment programs utilising the VII Peaks Capital Co-Optivist approach.
The Co-Optivist approach is a proprietary strategy developed by VII Peaks Capital to acquire discounted corporate debt securities of public companies that have a perceived risk of near term liquidity issues, but that also have solid fundamentals and business prospects, including historical revenue growth, positive cash flow and sufficient asset coverage. The VII Peaks Capital Co-Optivist approach includes proactively engaging the target company’s management in order to restructure the underlying corporate
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging Jeffrey L Groendyke of Middleville, Michigan, doing business as JG Forex Fund (JGF), with fraud and misappropriation in connection with an off-exchange foreign currency (forex) Ponzi scheme that defrauded at least 54 customers of at least USD953,305 since May 2010. Groendyke has never been registered with the CFTC in any capacity.
The CFTC complaint charges Groendyke with misappropriating at least $600,000 of customer funds for purposes other than forex trading. For example, he used customer funds to pay existing customers’ purported forex trading profits as is typical
EDHEC Business School is holding the fifth edition of the EDHEC Research Day in London on 28 June at the Victoria Park Plaza. The focus will be on the influence of academic research on business and the economy.
The practical relevance of research and curricula in business schools has often been debated. A recent AACSB report (2007) questioned the contributions of business schools’ research to students, to practitioners, and to society as a whole.
For the last ten years, EDHEC Business School has been working in accordance with its own research strategy, which stresses the need for relevance. EDHEC research
Carey Olsen senior associate David Crosland (pictured) was called to the Guernsey Bar last month having passed his Bar exams to become an advocate of the Royal Court of Guernsey.
Crosland is a member of Carey Olsen’s corporate group where he undertakes a wide range of corporate transactions, with a particular focus on private equity, and the launch, administration, restructuring and listing of both closed and open-ended investment funds. As well as private equity funds, he has advised funds listed on the LSE, AIM, Euronext and the CISX.
Prior to joining Carey Olsen in 2007, Crosland trained at Clifford Chance
