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Victor Hugo Rodriguez, CEO of LatAm Alternatives, has been appointed by the Hedge Fund Associations’ (HFA) board to serve as the Director of the Latin American Regional Chapter.
Marcia Rothschild, Head of BNP Paribas Securities Services Brazil, and Otavio Vieira, Managing Director/Chief Investment OfficerofSafdié Gestão de Patrimônio (a wholly subsidiary of Banque Safdié), will serve as Co-directors of the Brazilian Chapter. Additionally, Juan Luis Rivera, Partner at Moneda Asset Management will be appointed as Director of the Chilean Chapter and Daniel Osorio, CEO of Andean Capital Management will take the reins as Director of the Colombian Chapter.
“The
LCH.Clearnet and Australia’s Financial and Energy Exchange Group (FEX), have agreed initial terms for LCH.Clearnet to provide clearing for the FEX Exchange Traded Derivatives Market, subject to regulatory approval.
LCH.Clearnet will clear energy, commodity and environmental derivatives listed on FEX. Participants will benefit from LCH.Clearnet’s global operational capabilities, providing a robust and reliable service during the Asia-Pacific trading day.
FEX is a market infrastructure and services group operating electronic markets for exchange-traded-derivatives, over-the-counter products and Clean-Tech equities. FEX is focused on facilitating and providing access to the rapidly developing and expanding Asian energy and commodity markets, linking local growth with global demand.
JP Morgan has electronically executed and cleared credit default swap (CDS) and interest-rate swap (IRS) trades on Bloomberg’s Fixed Income Electronic Trading platform (FIT). Listed equity option trades were also executed on Bloomberg’s Execution Management system (EMSX).
The trades demonstrate that Bloomberg’s Fixed Income business is preparing to meet the broadly defined requirements of the Dodd-Frank Act, which calls for increased transparency and market efficiency in over-the-counter (OTC) derivatives trading. Bloomberg intends to register with the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) as a Swap Execution Facility (SEF) and Security Based
EXQIM has launched Exqim Blue Fund, a multi-asset fund whose investment process is based on quantitative strategies and allocation.
EXQIM is a French asset management company based in Paris, approved by the AMF (Autorité des Marchés Financiers), founded by Jacques Lucas and three partners.
Jacques Lucas, President and founding partner, and Philippe de Gouville, one of the co-founders, headed for ten years the alternative and structured business of Société Générale Asset Management Alternative Investment. Under their responsibility, a team of 135 professionals built an investment management department, managing EUR50 billion invested in all asset classes through 300 structures.
With
U.S. Bancorp Fund Services has appointed Michael Mohamadi as vice president, with responsibility for overseeing the east coast operations of the firm’s Alternative Investment Products division.
The division specialises in the unique servicing needs of alternative and private investment products such as hedge funds, offshore funds and distressed assets.
“We are excited to add Michael to our team,” says Christine Waldron, senior vice president and director of the Alternative Investments division at U.S. Bancorp Fund Services. “Michael’s expertise will provide our clients with the specialised investment services their funds require to stay competitive in the current marketplace.”
Mohamadi brings
For most businesses, having a website is fundamental. Not so for hedge fund managers who have preferred to reinforce their clandestine activities by eschewing a snazzy homepage. This is beginning to change as managers embrace the new era of regulation and compliance says Chicago-based Backstop Solutions Group LLC.
Transparency and clear communications are becoming key requirements. This paradigm shift is helping firms like Backstop Solutions meet clients’ demands within the alternatives space by providing cloud-based solutions.
As the firm’s global head of sales and marketing, Geoff Surkamer (pictured), explains, what makes Backstop unique is that it offers its clients –
SKCG Group hired insurance industry veteran Wayne C Siebner (pictured) to enhance its global hedge fund and private equity fund practice. SKCG’s client roster already includes many of the industry’s largest and most recognised funds.
Siebner will serve as Senior Vice President and Manager of Executive and Professional Liability and will focus on Directors and Officers (D&O) and Errors and Omissions (E&O) Insurance. Hedge funds and asset management firms purchase this risk management tool to protect themselves from costs stemming from SEC investigations and investor lawsuits. Siebner will be joining SKCG Group at a time when lower costs and increased
Maples Fund Services is using Geneva, Advent’s global portfolio management and fund accounting solution, to provide enhanced services to its clients.
Maples is an independent global fund services provider with assets under administration of USD30 billion. The firm has expanded its services beyond traditional fund administration to offer enhanced reporting and middle-office capabilities. Maples implemented Geneva to link its global offices on a single, real-time portfolio accounting platform. As a result, through the use of Geneva® along with proprietary technology developed by Maples, the firm is able to provide the detailed, timely reporting and middle-office capabilities that investment managers require.
"Alternative fund managers
Ten of Oyster’s flagship sub-funds have been registered in the UK and are now approved for public distribution. OYSTER is the investment fund family of the Swiss banking group SYZ & CO.
This move underlines the expansion of the Group’s activities in the UK. It also reflects the growing demand from investors in the UK for actively managed portfolios with a proven track record of strong performance, innovation and risk management.
Established in London since 2001 through its asset management company SYZ Asset Management, Syz & Co is also known in the UK thanks to its institutional asset management
BNY Mellon Alternative Investment Services (AIS) has named Jim Whitaker head of Relationship Management for the Americas and Mark Mannion head of Relationship Management for EMEA.
Whitaker assumes a role held previously by Marina Lewin, who was recently named Global Head of Sales for AIS. Mannion assumes the new title having transitioned from his role as Managing Director of European Business for the former PNC Global Investment Servicing unit acquired by BNY Mellon last year.
Whitaker and Mannion will continue to be based in New York and Dublin, respectively, and report to Brian Ruane (pictured), BNY Mellon AIS chief
