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Asia Debt Management Hong Kong has launched a fund dedicated to investing in recovery situations in the Central Asian republic of Kazakhstan.
The ADM Kazakhstan Capital Restructuring Fund will focus on privately-owned, small to medium-sized companies over a wide range of sectors with limited access to external capital as a means to grow.
"In the aftermath of the global economic crisis, Kazakhstan’s troubled banking system has paralysed the country’s economic growth," says Robert Appleby, chief investment officer of ADM Capital. "However, access to external credit can propel debt-burdened companies with otherwise healthy fundamentals back into profitability. We see
BlueCrest Capital Management has appointed Daniel Kajiya as a portfolio manager for its emerging markets fund.
Kajiya will be based in London.
He joins from Morgan Stanley in Brazil where he was responsible primarily for USDBRL market making and proprietary trading.
The appointment follows the hiring last month of Marcin Wiszniewski to the same fund. Wiszniewski also joined from Morgan Stanley where he was head of European foreign exchange and emerging markets trading.
The fund was launched in September 2005 and there is now a team of seven working across BlueCrest’s offices in London, Geneva and New York,
HPC Platform, a provider of data packet processing solutions, has changed its name to NovaSparks.
Founded in 2007 by Marc Battyani and Eric Le Rolland, HPC Platform offers stable sub- microsecond latency for ticker plant, market data distribution and other data services.
Le Rolland says: “After an intensive period of research and development, we decided it was time to raise our profile further. This involved reviewing our brand and we are delighted to officially announce our new change of name to NovaSparks.”
NovaSparks offers the latest disruptive technology which reduces the latency involved in market data ticker plant
M&G has launched a Ucits III version of a global macro investment strategy employed for the Prudential life fund for the last decade.
The M&G Macro Episode Fund aims to offer institutions and sophisticated investors higher total returns than global equities over the medium to long term but with lower volatility.
The minimum investment in the fund is GBP1m.
The fund combines M&G’s traditional long-term approach to investment management with insights gleaned from behavioural finance. It is managed by Dave Fishwick and Eric Lonergan, who have a combined investment and economics experience of nearly 40 years.
The fund takes
Liontrust Asset Management has appointed Nick Wells as a consultant to advise on business development.
In this newly created role, Wells will contribute to the development of a number of parts of the business. These will include product development and planning for the implementation of the Retail Distribution Review in 2012.
Wells was previously product and communications director of Artemis until he retired from the company in March 2010. Prior to that, Wells worked for ABN Amro Asset Management and Baring Asset Management.
“Nick is a great addition to the team at Liontrust. He has a vast array
Malta-based Custom House Global Fund Services has been appointed to act as the full service administrator of the funds managed by Efficient Capital Management of Illinois, US.
"After a very careful due diligence process we became convinced that Custom House could satisfy the demands of our fund structure. Given the depth of its infrastructure and its reputation in the industry, we are pleased to select Custom House to provide the administrative services to our funds,” says Ernest Jaffarian, president and chief executive of Efficient Capital Management, the manager of the Efficient Funds.
Dermot Butler (pictured), chairman of Custom House,
Sean Ruhmann has joined Cambridge, Massachusetts-based adviser NEPC as a senior consultant in the firm’s alternative investments research group.
He previously was a vice president of investment banking with Goldman Sachs.
“Throughout his career at Goldman Sachs and Banc of America Securities, Sean has been providing innovative advice to his clients, particularly in the areas of private markets and real estate,” says Erik Knutzen, chief investment officer of NEPC. “We are excited to add a person with Sean’s experience to deepen our research resources.”
Ruhmann joins NEPC’s team of 20 research professionals dedicated to alternative assets and will focus
After two positive months the Ucits HFS Index lost 1.08 per cent in May 2010 after a challenging month for the financial industry.
The loss of 0.27 per cent in week one was followed by a slight win in week two of 0.14 per cent, before the broad index took a hit in week three losing 1.26 per cent, the biggest downward movement this year so far.
The last week of trading mitigated the damage done by winning back 0.31 per cent, mainly due to a strong month end performance of credit, currency and market neutral.
While strategies like L/S
NYSE Euronext set an all-time record of 13.3 million global derivatives contracts traded per day in May 2010.
European derivatives average daily volume increased 51.5 per cent, driven by a 56.6 per cent increase in fixed income derivatives product ADV and a 48.8 per cent increase in equity derivatives products.
US options ADV increased 90.3 per cent and market share increased to 26.0 per cent.
Cash equities ADV was also strong in May 2010, with European cash trading volumes increasing 37.3 per cent compared to prior year levels.
US cash trading volumes of 3.8 billion shares in May 2010 were
Singapore Exchange says 40 per cent of its broking members, numerous proprietary trading firms and several vendors including crossing network operator Chi-East have chosen its new co-location service months before its first quarter 2011 launch.
By re-locating their trading applications to the new Singapore Exchange data centre, co-location customers can transact with Singapore Exchange’s trading engine at the lowest possible latency.
Singapore Exchange will also house its market data and clearing infrastructure at the data centre.
Singapore Exchange launched its co-location offering on 3 June as part of a USD250m initiative to deliver the world’s fastest access to Asia.
Customers
