Latest News
Citi has appointed Paul Harvey as prime finance head of sales and capital introduction in EMEA.
Harvey brings over 20 years of experience on both the buyside and sellside.
His goal will be to help widen and grow Citi’s hedge fund relationships in Europe.
In previous roles Harvey has worked as European head of prime brokerage sales at Morgan Stanley and most recently was chief executive of GLG’s fund of hedge funds group.
Harvey will report to Mark Harrison, Billy Macaluso & Andres Recoder.
Private equity firm Doughty Hanson is to acquire Equity Trust, a provider business administration and fiduciary services, for a total consideration of EUR350m from Candover and other institutional shareholders.
The existing senior management team will invest alongside Doughty Hanson.
Equity Trust provides administrative services to organisations worldwide, including secretarial and legal administration services; structured finance solutions; fund administration; complex private client administration; and book keeping and accounting.
The business employs more than 1,200 people in more than 40 offices around the world, and services more than 14,000 client entities.
Mark Corbidge, co‐head of private equity at Doughty Hanson, says: “The
Citigroup has launched Ivaldi Capital, a managed account platform which aims to accommodate the increasing demand for alpha-generating investments by pension funds, endowments and sovereign wealth funds.
Ivaldi offers end-to-end service for institutional investors seeking access to active alpha or absolute return strategies via external managers.
Among the services it provides are risk management, portfolio construction and manager selection assistance. The platform also provides a full suite of middle-office services, administration and custody solutions.
Citi is acting as a prime broker, administrator and custodian to Ivaldi.
“This is the only platform providing a comprehensive solution for institutional investors
Multi-asset brokerage and clearing firm Newedge has become the sponsoring clearer to GH Financials as the first remote trading member in Euroyen Futures on the Tokyo Financial Exchange.
Newedge worked with GH Financials to fulfill its trading requirements through the complex application process, providing assistance to both the exchange and the client.
TFX introduced the remote trading membership programme to accommodate growing demand from overseas investors for direct market access to the TFX market. The programme enables overseas investors to become members and access the TFX market directly to trade three-month Euroyen futures and options.
Targeting investors who will
August saw Ucits hedge funds fail to deliver any scintillating returns, with not a single strategy climbing above one per cent according to the latest figures release
With the AIFM directive giving non-EU fund managers the jitters, Ireland has taken another step forward towards making Dublin the domicile of choice for onshore newci
Malta-headquartered ML Capital has this week launched the Montlake UCITS Platform Plc, a fully independent Dublin-domiciled investm
This week’s fund spotlight is on Unicredit-owned Pioneer Investments and in particular, its commodity newcits: the Pioneer Funds Commodity Alpha A EUR Hedged ND
Threadneedle has this week announced plans to roll out the UK Absolute Alpha Fund, adding to its growing stable of absolute return funds.
Hedge funds have been able to protect capital and generate modest positive performance this year despite high levels of volatility and declines in the equity markets, research by Hennessee Group shows.
The Hennessee Hedge Fund Index declined 0.49 per cent in August and is up 1.30 per cent year-to-date.
Lee Hennessee, managing principal of Hennessee Group, says: “In addition, many managers have an optimistic outlook on their ability to make money long and short, and feel that they are starting to be rewarded for their fundamental research on both a relative and absolute basis. However, given the skittishness of the
