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Asset manager GLG Partners has appointed Gerard Griffin and Gerald Lucaussy of Tisbury Capital Management to lead GLG’s event driven strategies.
As part of the transaction, GLG Partners will become the investment manager of the Tisbury Liquid Event Master Fund, which will be renamed the GLG Tisbury Event Driven Fund.
The transfer of the Tisbury Liquid Event Master Fund to GLG is subject to certain completion requirements, including obtaining necessary regulatory approvals.
Tisbury Capital Management is a London-based event driven fund manager.
Before founding Tisbury, Griffin (pictured) was a managing director at Citadel Investment Group.
Lucaussy held senior
Knight Capital Group has launched Oasis, a smart order execution algorithm that sources small-and mid-cap liquidity for European equities.
Oasis aims to source liquidity in thin and difficult-to-trade names with increased efficiency and opportunities for price improvement as well as greater fulfilment.
The strategy evaluates liquidity, volatility, price trend, momentum and other characteristics in real time to determine the best sources of liquidity to help minimise market impact.
Oasis also includes anti-gaming procedures such as continuous monitoring for adverse trading behaviour to further help minimise information leakage.
“Knight does not subscribe to a one-size-fits-all approach. That philosophy has led
Dow Jones Indexes has expanded its executive team by promoting Jamie Farmer, former senior director global index operations and head of exchange relationships, to executive director.
This role was created to further harmonise Dow Jones Indexes’ global business development and to ensure coordination of global business opportunities that result from the recent acquisition of 90 per cent of Dow Jones Indexes by the CME Group.
In addition to his existing operational and client activities, Farmer will assume responsibility for all global sales and business development activities at Dow Jones Indexes.
He will be responsible for developing and executing a global
Jason Mitchell is rejoining GLG Partners’ investment management team to focus on stock selection in the global environment and social governance area.
After a number of years as a media and telecoms investor, Mitchell left GLG Partners in early 2008.
Since then, he has worked in the private water treatment industry. He has also acted in advisory roles with a particular focus on water and telecoms infrastructure projects in developing countries.
"Jason has built up specialist expertise that will be extremely valuable to GLG as we seek to expand our ESG capabilities," says senior managing director and co-founder Pierre
Lombard Odier is to reorganise the administration of its own funds in Jersey by transferring its domestic fund business to legal and financial services firm Bedell Group. Most of Lombard Odier’s existing fund administration staff are expected to continue working on the funds on behalf of Bedell.
Bedell Fund Services has been appointed by Lombard Odier to service its Jersey funds from later this year, while Luxembourg-domiciled funds currently serviced in Jersey will be administered by a new office that the Swiss-based group plans to open in the grand duchy..
The business being outsourced to Bedell includes management services
Close Fund Services in Guernsey is to administer a new range of sustainable forestry funds launched by alternative asset management group MSS Capital. The closed-ended funds are part of a Guernsey-regulated incorporated cell company structure established with legal advice from Carey Olsen.
According to Close Fund Services director James Tracey (pictured), the funds will offer qualifying investors access to various forestry and agroforestry global investment opportunities designed to target high returns over different life cycles.
“Close has been working with a number of promoters recently that are looking to offer socially responsible investment opportunities to investors,” he says. “With
Fortis Prime Fund Solutions (FPFS) has been appointed administrator to the Farema Fund, a new fund launched by industry veteran Emanuele Antonaci.
FPFS will provide the full suite of fund accounting services to Farema, as well as investor and corporate secretarial services.
"We chose FPFS as our administrator as a result of their knowledge of Luxembourg fund structures, strong operating platform, and a recommendation from an existing client,” said Antonaci, who founded Theorema Fund Management in 2001, following a successful career as portfolio manager at Fidelity. “ We’ve been very impressed with the level of service that we’ve
Fortress Investment Group has completed the acquisition of Logan Circle Partners, a fixed income asset manager.
The acquisition, which was announced in February 2010, expands Fortress’s investment management business to include traditional strategies.
With Logan Circle, Fortress has in excess of USD40bn of assets under management.
Daniel Mudd, Fortress’s chief executive officer, says: "We are pleased to complete the acquisition of Logan Circle, which will enable Fortress to better meet the evolving needs of our global investors through a broader range of credit investment opportunities. Logan Circle’s team brings exceptional fixed income knowledge, skills and experience to Fortress, significantly adding
YA Global Master SPV, which is advised by Yorkville Advisors, has entered into a GBP4m standby equity distribution agreement with AIM listed Mercator Gold, a mineral development company.
Mercator Gold entered into the agreement as a means of raising additional capital as and when required for working capital.
Pioneered nine years ago by Yorkville, a SEDA offers companies a low risk way of optimising their capital structure in pursuit of their growth strategy.
The terms enable Mercator Gold at its discretion to drawdown up to GBP4m in tranches, pursuant to the terms of the SEDA, in exchange for the
Thomas Lenz has resigned from all executive boards of the Eurex Group and also has stepped down from all managing director posts within Eurex.
Lenz left the company at his own request.
As a Eurex executive board member Lenz was responsible for operations. He has held numerous management positions within the group since 1997.
His responsibilities will be assumed by executive board member Jürg Spillman on an interim basis, effectively immediately.
“We regret Thomas Lenz’s decision and would like to thank him for his longstanding contributions and commitment to the Eurex Group. We wish him all the best for his
