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Everest Capital, an investment management firm focused on global and emerging markets, has formed an advisory partnership with RiceHadley Group, the consulting firm co-founded by former US Secretary of State Condoleezza Rice and former US National Security Advisor Stephen Hadley.
Both Rice and Hadley will provide ongoing counsel to Everest’s investment committee on a broad range of political and economic subjects that shape the firm’s macro thematic strategies.
In addition, Rice Hadley’s principals will participate in Everest Capital’s Second Emerging Markets Forum scheduled for next spring in Miami.
“We are very excited about our partnership with RiceHadley. We expect
Joyce Frost and Frank Iacono, former executives with Morgan Stanley, along with Chris Frost, former managing director at Societe Generale, have formed Riverside Risk Advisors.
The firm will provide independent risk assessment, structuring, pricing and execution advice for complex derivative and structured product transactions.
Riverside’s clients include derivative end-users such as corporations, private equity firms, real estate developers, and project sponsors.
Riverside also advises investors evaluating structured credit opportunities and financial firms winding down or restructuring legacy businesses.
"The Dodd-Frank Act creates an effective mandate that some end-users seek independent advice for derivative transactions. We expect, however, that even where
William S. Leavitt, president of Leavitt Capital Management, believes African private equity is one of the most attractive investment opportunities today and expects it to be a top performing asset class over the next decade.
Speaking at the 2010 Global Asset Allocation Summit hosted by Opal Financial Group last week, Leavitt said that in order to achieve true diversification and optimal returns, an asset allocation strategy must include non-traditional assets.
He went on to say that some of the best, non-correlated investment opportunities are in the frontier markets, particularly in Africa.
“Africa has one of the youngest and fastest growing
Knight Capital Group has appointed David I. Sellers as managing director, head of sales for Hotspot FX in Europe.
Sellers joins from EBS/ICAP where he led new business development.
Based in London, he oversees sales for Hotspot in both the UK and continental Europe, covering Hotspot’s client base of banks, hedge funds, institutions, commodity trading advisers and corporates.
Sellers will report to John Miesner, head of global sales for Hotspot FX.
“Due to effective client development and the continuing currency volatility, Hotspot FX’s reported volume year-to-date is more than 80 percent higher than the same period last year,” says
LCH.Clearnet’s SwapClear service is to extend the range of currencies cleared from 14 to 20.
From quarter one 2011, interest rate swaps denominated in HUF, CZK, KRW, MXN, BRL and SGD will be clearable.
This extension, which follows consultation with market participants, enables over 95 per cent of the global IRS market to be cleared through SwapClear.
Michael Davie, chief executive of SwapClear, says: “We strongly support the regulatory drive towards OTC clearing, where it is safe and prudent to do so. Introducing additional currencies will lead to improved efficiencies through margin offsets across portfolios, as we have seen from
Hedge fund managers increased their appetite for risk in September following signals that the Federal Reserve will vote to take additional quantitative easing measures, according to Anthony Lawler, Head of Portfolio Management at Man’s multi manager business.
The move into risky assets such as emerging market equities, FX and commodities led to a positive month’s performance in September for most hedge funds.
Managers’ moves to increase risk in September were typical of a volatile 2010. After giving back much of July’s gains in August, equity markets rallied again in September as bearish economic indicators gave way to renewed optimism
GLG Partners’ shareholders have approved the merger agreement for the company’s acquisition by Man Group.
More than the required majority of both GLG total issued and outstanding shares and GLG’s issued and outstanding shares, excluding shares held by the GLG principals and certain GLG shareholders party to a share exchange agreement with GLG, Man or any of their respective affiliates, voted in favour of the merger agreement.
The merger and related share exchange are expected to close on 14 October 2010.
Capital IQ, a Standard & Poor’s business that provides data and analytics for financial professionals, has launched a data collection technology that enables the intraday delivery of full financial statements, ratios and trading multiples sourced from earnings releases.
Capital IQ clients can now view fully standardised and auditable financials of companies trading on North American exchanges, including ADRs.
All financials are fully standardised using Capital IQ’s collection taxonomy and methodology and are integrated within the Capital IQ platform.
Clients can access the full suite of financial statements, ratios, and multiples via Capital IQ’s company financial pages, Charting, Screening, Excel Plug-In,
The post of director of investment business at the Guernsey Financial Services Commission will be advertised locally and in the Financial Times this week.
Peter Moffatt (pictured), the current director who joined the Commission in 2000, will retire from the role early next year.
Nik van Leuven, the director general of the GFSC, says: “I have known Peter since he joined the Commission. He brought to the role of director his own inimitable style, reinforced by a keen intellect and challenging approach. The high respect with which the funds sector is held externally owes much to his thought and care.”
Lazard Capital Markets’ prime services division has deployed Eagle Investment Systems’ suite of data management, investment accounting, performance measurement and information delivery solutions, all hosted via Eagle Access, its application service provider.
Lazard Capital Markets’ prime services reporting platform was ready to accept new clients after applying Eagle’s accelerated deployment methodology.
Lazard Capital Markets has launched a new business focused on hedge fund prime brokerage and has licensed the Eagle suite to help service its hedge fund client base. Its prime services division offers a front-to-back solution for hedge fund managers.
"By aligning with Eagle on this initiative, we can
