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EIM has hired John Ward for the role of head of operational due diligence.
Ward will lead EIM’s existing team of experienced operational due diligence professionals and be responsible for maintaining the firm’s position as an industry leader.
“Risk management and operational due diligence are two critical pillars of EIM’s fiduciary responsibility to its clients,” says EIM’s chairman Arpad Busson. “John Ward brings to the firm a wealth of practical knowledge and will be instrumental in developing this function.”
Ward will join EIM on 8 November from Nomura Funds Research & Technologies America where he was executive director and chief
Standard Life Investments believes that the corporate sector will remain the strongest part of the world economy in the years ahead.
Company managers in an effort to maintain this strength will alter their behaviour by deploying more of their accrued cash towards growth rather than dividend distribution policies.
In the latest edition of Global Outlook, Richard Batty, global investment strategist at Standard Life Investments, says: “Our analysis shows that investor behaviour is already altering, and the corporate sector may be in the process of changing the way it views dividends. In recent years, managers were keen to show their
Hudson Bay Capital Management has hired Scott Black as general counsel and chief compliance officer.
Black joins Hudson Bay from the Securities and Exchange Commission, where he was an assistant regional director in the division of enforcement in the commission’s New York regional office.
“As we build on our culture of best practices, we are extremely pleased to have Scott on our team. His broad regulatory experience in both the public and private sectors make him a strong addition to our institutional investment management platform,” says Sander Gerber, founder and chief investment officer of Hudson Bay.
At the
Titan Capital Group has appointed Lucy Pesa to its institutional marketing team as vice president and James Novotny has joined to manage the accounting and control functions.
“The addition of these two respected professionals to our team enhances Titan’s institutional and operational capabilities as the firm expands,” says Keith Danko, partner at Titan Capital.
Pesa joins Titan from CQS, an alternative investment management firm, where she was a senior executive in the investor relations group. She has also worked previously in investor relations as a vice president at Advent Capital Management and for more than a decade as a
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
