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Guernsey and Jersey could be showcases for clean technology investment within a few years, according to Steve Lang, a partner at Ernst & Young and head of the firm’s UK and Ireland cleantech practice.
Clean energy will form the basis of the world’s first predictable industrial revolution as carbon resources dwindle and climate change becomes an increasing global problem, he says, and the Channel Islands are a natural choice not only for cleantech financial services but physical demonstrations of low-carbon technologies.
Lang believes the islands have the potential to be at the forefront of cleantech research and development. “Anecdotal evidence
The Guernsey and Jersey governments have announced that the current British Ambassador to Bulgaria, Steve Williams, will be heading up the islands’ new joint office in Brussels.
Williams will take on the role of Director of European Affairs at the Channel Islands’ Brussels Office on Monday 4 April 2011. He will be Guernsey and Jersey’s senior representative in Brussels, leading efforts to develop the islands’ influence, while advising the respective governments on European and international matters.
Guernsey’s Chief Minister, Lyndon Trott, says: "I am delighted with the appointment of our new Director. His experience and track record are of an
Alberta Investment Management Corporation (AIMCo) has partnered with Australia New Zealand Forest Fund (ANZFF) to acquire the timberland assets of Great Southern Plantations (GSP) for a total purchase price of AUD415 million.
The assets are being acquired out of receivership and represent a diversified rural land portfolio encompassing over 2,500 square kilometres in prime forestry and agricultural regions across six Australian states. By area, this transaction represents the largest private forestry estate transaction in Australia to date. New Forests Pty Limited, a Sydney-based timber investment management firm specialising in sustainable forestry investments, will manage the estate on behalf of AIMCo
Stenham Asset Management’s inflows into its funds during 2010 had exceeded USD600 million. Stenham continues to see organic asset growth and has enjoyed inflows of around USD600 million in each of the past three calendar years.
The inflows in 2010 exclude the merger with Montier Partners, which was completed in September 2010. Stenham has a diverse client base including the UK, Channel Islands, Europe, the Caribbean, the Middle East, South Africa and Latin America, and the growth has come from both existing and new clients in all these markets.
Kevin Arenson, Chief Investment Officer of Stenham Advisors Plc says: ‘The
Heptagon Capital, a USD3.3bn specialist asset management business set up in 2005 by former Morgan Stanley executives, has made two new senior hires – Alexander Gunz joins as a fund manager in the Asset Management division while Sebastian Hybbinette joins as vice president within the ultra high net worth advisory group, focusing on Scandinavia.
Gunz started his career in 1997 at Hoare Govett as an analyst before moving on to Credit Suisse where he became a top-ranked analyst in European telecoms from 2001-2004. He then became a senior salesperson at JP Morgan covering UK and European long-only and hedge-fund accounts
The global hedge fund industry is not ‘un-regulated’ or lightly-regulated and hedge fund managers are already rigorously regulated in all the main jurisdictions in which they operate with significant new regulation being introduced internationally.
That’s according to the Alternative Investment Management Association (AIMA), the global hedge fund association, which has supported G20 regulatory initiatives for hedge funds. G20 leaders agreed in 2009 that all hedge fund managers should be registered by their national regulators, and that managers should report systemically relevant data to those regulators in the interests of financial stability.
“All the major jurisdictions where hedge fund managers
Alternative asset management company Man Group has hired Miriam Tai as Head of US Consultant Relations. Tai, who is responsible for advising on the full range of Man’s products and services to the US investment consultant community, will be based in Man’s New York office and reports to Raffaele Costa, Managing Director and Head of Sales for North America and Europe.
Tai joins Man from BlackRock where she was the Director of Global Consultant Relations and responsible for developing and managing the firm’s relationships with strategic investment consultants. Her appointment underscores Man’s strategic commitment to the US institutional market as a top
The US Commodity Futures Trading Commission (CFTC) has fined Andrew W Daniels of Hinsdale, Ill, Edward Taylor of Naperville, Ill, and Daniels Trading Group LLC (DTG) of Chicago, Ill, for violating speculative position limits in the Chicago Board of Trade’s (CBOT) rough rice futures contracts and for willfully concealing material facts from the CME Group, Inc. (CME).
The CFTC order also settles charges against Global Asset Advisors LLC (Global), a Chicago-based introducing broker, and its President Glenn Swanson of Long Grove, Ill, for failing to supervise diligently the handling of trading accounts at Global and traded by Daniels and Taylor.
London-headquartered systematic investment manager, Aspect Capital, has officially launched the Aspect Diversified Trends Fund.
On the back of closing its Asian hedge fund last October (RAB-Pi Asia Fund), London-based RAB Capital is very much focused on its UK managed funds as it looks to consolidate its op
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