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The global financing markets are headed for a revival over the next 12 months, with a slower recovery expected in Europe, according to a survey of capital providers conducted by law firm Paul, Hastings, Janofsky & Walker in association with mergermarket and Debtwire.
The survey revealed that increased lending activity, heightened competition from non-traditional lenders and new financing structures are driving renewed optimism in the global financing markets.
Based on a series of interviews with over 125 capital providers in North America, Europe and Asia, including banks, private equity firms, hedge funds and sovereign wealth funds, “The Future of
Societe Generale has launched a Ucits fund solution for fund managers setting up or redomiciling funds under Ucits regulations.
The new service combines the custody, trustee, administration, execution and finance tools required to set up Ucits compliant funds, along with the core services required to operate them.
This new solution has been developed by teams from Societe Generale Securities Services and Societe Generale Corporate & Investment Banking.
It offers access to independent assistance on corporate and operational infrastructure, Societe Generale Securities Services’ custody, trustee and administration services, and synthetic shorting via Societe Generale Corporate & Investment Banking’s Dynamic Portfolio
StormHarbour Partners, a global markets and financial advisory firm, has accelerated the build-out of its alternative asset management business by agreeing to acquire London-based Fortrinn Partners, an investment manager that specialises in volatility trading strategies.
The acquisition, through which Fortrinn Partners will be renamed StormHarbour Alternative Investments, is subject to FSA approval.
Fortrinn Partners was founded by chief executive and former principal of MKM Longboat Keith DeCarlucci and Antonis Giannopoulos, who have been working together for over eight years.
Fortrinn Partners currently manages the Fortrinn Convexity Fund. The fund’s trading strategy is designed to benefit from markets risk re-pricing.
Mid-sized hedge funds with USD100m to USD500m in assets are facing a reality gap, according to research released by RSM McGladrey, a professional services firm providing tax and consulting services.
While nearly 95 per cent of the hedge funds surveyed by Greenwich Associates believe they can meet institutional investors’ demands, only 22 per cent have more than one full-time employee responsible for client service, and only nine per cent have highly automated reporting systems.
"Attracting institutional assets will require new ongoing personnel expenses for the majority of mid-sized hedge funds, as well as significant up-front investments in technology to increase
After two years of contraction, hiring in the asset and wealth management industry rebounded in 2010 and compensation is set to show modest gains, according to a report by executive search and assessment firm Russell Reynolds Associates.
"Private banking divisions at both local and international banks that avoided major problems during the crisis and able to maintain their solid platforms in Mexico sought to attract private bankers with sound track records to complement their local distribution capacity," says Eugenio Riquelme, a managing director in Russell Reynolds Associates’ Mexico City office.
"Fortunately, they have been able to recruit the kind of
Cheyne Capital Management (UK) has appointed John Hyman as a partner.
Hyman will help Cheyne Capital to further develop its equity business, launch new products and research investment ideas.
“John Hyman’s appointment comes at an important time in Cheyne’s development as the firm sees strong returns from flagship funds. John’s global markets expertise will be invaluable to Cheyne as we build out our equities business,” says Jonathan Lourie, chief executive.
Hyman says: “I am delighted to be joining Cheyne, a firm with a leading position in Europe and considerable intellectual capital in key asset classes such as credit, real
Liongate Capital Management, a fund of hedge funds manager, is participating in the establishment of the Hedge Fund Standards Board Investor Chapter, a group of hedge fund managers and investors who have come together to help shape best practice within the industry.
Randall Dillard, co-founder and chief investment officer of Liongate Capital Management, says: "We have been working closely with the Hedge Fund Standards Board and are pleased to participate in the launch of the Investor Chapter. In the last few years, we have witnessed strong improvements in the corporate governance framework of the hedge fund industry and it is
OFI Asset Management and Gottex Solutions Services intend to enter into a joint venture called Luma Solutions Services, a Luxembourg based platform providing onshore managed account services to Ucits and other European onshore funds with an initial asset base of USD350m (EUR250m).
The formation of the joint venture is subject to approval from the Luxembourg regulatory authorities.
Luma Solutions Services will be the first independent platform offering managed accounts services for both Ucits III and non Ucits III onshore funds to European and international clients.
Managed account and risk management services to Luma Solutions Services will be provided by GSS,
To say the last year or so has been testing for investors across the world would be something of an understatement. So where do the global markets currently stand, what can we expect in the future and what issues should investors be considering? Marshall Gittler (pictured), Deutsche Bank’s Chief Strategist, and Clive Wright, Head of Executives & Entrepreneurs, discuss their views on the current market and the implications for wealth management…
Q: Has the world emerged from recession yet?
Marshall Gittler: It’s official: the recession is over – at least in the US. With the non-farm payrolls rising in January
Following its May announcement that it plans to launch two purpose-built clearing houses in London and Paris before the end of 2012, NYSE Euronext has named the leadership team which will be engaging with customers and partners on the delivery of the project.
Mark Ibbotson, formerly the chief operating officer of NYSE Euronext’s global derivatives segment, will lead the implementation team as executive vice president, global clearing, reporting to Duncan Niederauer, the group chief executive officer.
Reporting to Ibbotson will be Declan Ward, executive director of NYSE Liffe Clearing in London, and Michel Favreau, the company’s clearing project director in
