Latest News
BGC Partners, an intermediary to the wholesale financial markets, has appointed Vanessa Ko as director, regional head of e-commerce for Asia Pacific.
Ko will spearhead the continued expansion of BGC’s electronic coverage in the region with the roll-out of BGC’s electronic platform, BGC Trader, for multiple new products over the coming year.
Ko joined BGC in 2005 as a product manager for credit and has been responsible for the rapid expansion of electronic brokerage in products including Japanese CDS and Asian CDS indices, Australian corporate bonds and government bonds.
BGC has also promoted Norliza Kamardin as associate director of e-commerce
Alternative Decisions has launched a legal alerts service for the alternative investment industry using Linex Systems technology.
The new service publishes reports from lawyers on issues affecting the alternative investment industry.
The service aggregates and filters legal papers/advice as they are released by legal partnerships and boutique practices on topics relevant to professionals in the hedge fund, private equity and real estate industry.
A brief summary of each report and a secure link are stored in Alternative Decisions Library. These reports are accessed through a one page snapshot where users click straight through to the article they want to read.
Investment Services UK, a London-based fixed income specialist focused on emerging markets, has launched a fund seeking enhanced returns through access to a portfolio of fixed income securities principally throughout the emerging markets.
Known as the Amrah Global Opportunities Fund, it is domiciled in Jersey and is the brainchild of Investment Services UK’s managing director Ram Melwani.
“We have deliberated over the decision to progress into branded funds of our own and took the plunge at the beginning of the year when for us the time was right. In the aftermath of the 2008 global credit crunch, valuations for many
Trading in steel futures on the London Metal Exchange hit another record level in August, with 24,853 lots traded, equivalent to more than 1.6 million tonnes of material.
August was the first full month of trading following the merger of the LME’s regional steel contracts, known as the Mediterranean and Far East contracts.
The exchange has registered six consecutive months of record volumes in steel trading since March.
On 17 August, the LME added Chicago and Detroit to New Orleans as points of good delivery in the US for LME-registered steel billet, with effect from 16 November. Having
At the derivatives markets of Eurex an average daily volume of 7.8 million contracts was traded in August, down from 9.1 million in August 2009.
Of those, 5.4 million contracts were traded at Eurex (August 2009: 5.4 million) and 2.4 million contracts were traded at the International Securities Exchange (August 2009: 3.7 million).
In total, 171.2 million contracts were traded on both exchanges compared with 191.5 million contracts in August 2009.
At Eurex, the equity index derivatives segment was the most active segment, totalling 55.5 million contracts, compared with 55.7 million contracts in August 2009.
Futures on the Euro
Frontier Capital Management, an investment management company that combines both traditional and alternative asset classes, has promoted Andrew Cracknell to head of intermediary business.
This includes IFA and discretionary wealth managers focused largely on the UK.
Cracknell joined Frontier Capital at the start of 2007, becoming partner in 2008.
Alex Gaitan has been appointed as portfolio manager of Frontier Capital’s hedge fund, Global Hedge. The fund is designed to provide investors with the returns of the global hedge fund industry, but with high levels of liquidity and low levels of risk to underlying managers. The fund manages investments of
Emmanuel Roman will assume the newly created role of chief operating officer of Man following the company’s acquisition of GLG Partners.
The announcement follows the news that Man shareholders have approved the acquisition of GLG Partners.
Pierre Lagrange will continue in his role of senior managing director of GLG, overseeing investment management and running GLG’s flagship European long short equity strategy among others.
Noam Gottesman will remain co-chief executive of GLG with Roman and will run GLG’s global opportunity strategy.
All three will report to Peter Clarke, chief executive of Man.
Clarke says: “The combination of Man and GLG will
Javelin Capital, an asset manager specialising in global equities, has launched.
It is backed by Majedie Investments, which has an initial 70 per cent holding.
In setting up this subsidiary company, Majedie Investments is seeking to repeat the success of a previous venture, Majedie Asset Management, in providing seed money and operational capital to a specialist asset manager.
Javelin Capital will focus on global and emerging markets equities, using investment approaches with the goal of achieving consistent high return, low volatility performance. It will run long-short and long-only funds and mandates, using a multi-strategy equity approach, on behalf of
Galtere, a US registered investment manager, has launched an agribusiness private equity strategy that aims to take advantage of a fundamental shift in global market dynamics and a growing worldwide demand for commodities from institutional investors.
The agribusiness strategy makes direct investments in industrial scale commodity production facilities in Brazil, Uruguay and Australia.
The strategy employs a long-term investment horizon of seven years to increase efficiency, production and profit of its projects, before monetising its investments via trade sale or IPO.
Galtere is aiming to raise USD1bn of assets from institutions, endowments and family offices.
The strategy is lead-managed
The International Capital Market Association has appointed Simon White, head of senior issuance at Lloyds Banking Group in London, as chair of its UK, Ireland and Americas region.
White will work with ICMA to coordinate its activities in the City of London and more broadly in the region.
His initial priorities include building on relationships between members and ensuring optimal contacts and information flow between members and ICMA.
Martin Scheck, ICMA chief executive, says: "Simon is admirably qualified to take on the chairman’s role at this critical juncture, where actions under consideration by governments and regulators will define the
