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Knight Capital Group has appointed Didier Bankole as vice president of sales for the electronic trading group in Europe.
Bankole will lead the sales effort across continental Europe for Knight Link, which provides institutional and retail broker-dealers with access to Knight’s liquidity in more than 700 European equities.
Bankole joined Knight from NYSE Euronext where he was in charge of global account management as well as additional responsibilities for NYSE Arca Europe as market structure manager.
Prior to that, he was deputy director, head of prospect management at Euronext Paris.
"Knight Link has an established footprint in the UK
Deutsche Börse has expanded its data and news feed offering by launching AlphaFlash, the fastest currently available data feed for machine readable, trading relevant macroeconomic releases.
AlphaFlash delivers more than 150 economic indicators from the US, Canada and Europe.
Market participants use this data as triggers for their trading algorithms.
AlphaFlash is the first joint product of the Deutsche Börse’s segment Market Data & Analytics and the US financial news agencies Need to Know News and Market News International, both entities of Deutsche Börse Group.
“AlphaFlash ideally combines the strengths of all partners. With AlphaFlash we are assuming the lead
Partners Group Fund Services has sold 100 per cent of its stock to Sciens Fund of Funds Management in a cash and earn-out transaction.
Partners Group Fund Services operates a Guernsey-based platform of hedge fund managed accounts which is regulated by the Guernsey Financial Services Commission.
Effective immediately, Douglas M. Reid, a senior managing director with Sciens, has been appointed president of Partners Group Fund Services, which will be renamed Sciens Group Fund Services and will be the investment manager to the platform.
Steffen Meister (pictured), chief executive of Partners Group, says: "We are pleased to finalise this transaction
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up 2.09 per cent in March, the highest return since November 2009.
Managed futures was the best performing sector in the period, returning an estimated 4.84 per cent in March, with trend followers posting the highest returns within the sector.
Gains were largely generated from trades in equities, crops, base metals and particularly from short exposures to the Euro and Sterling.
Emerging markets returned an estimated 3.62 per cent in March, making a comeback from the previously negative returns seen in the first two months of 2010. Returns were
MarketAxess Holdings, the operator of an electronic trading platform for US and European high grade corporate bonds, emerging markets bonds and other types of fixed income securities, has named Paul Ellis head of MarketAxess Europe.
Ellis brings to MarketAxess a track record in entrepreneurial technology growth ventures and considerable experience in capital markets.
As chief executive officer of CreditTrade, he led the business development of a leading voice broker for credit derivatives, specialising in credit default swaps, indices and structured products.
Prior to CreditTrade, Ellis was chief executive officer of Mutant Technology a financial software company specialising in internet technology
Offshore law firm Harney Westwood & Riegels has opened an office in Cyprus.
Located in Limassol, the Cyprus office provides advice on all aspects of commercial, banking, corporate and tax law with particular emphasis on investment flows into and via Cyprus driven by the country’s favourable tax regime.
With the addition of the Cyprus practice Harneys is the first offshore law firm to offer a fully integrated service in Cyprus, the British Virgin Islands and Cayman.
“Cyprus is a preferred jurisdiction for Russia investment, and Harneys has been the leading provider of BVI legal advice to Russia for more
Ramius Alternative Solutions, a division of Cowen Group, has been chosen by Perpetual Investment Management to advise its multi manager group on its hedge funds investment activities.
Ramius is an investment adviser offering a range of hedge fund investment and advisory solutions, including customised and commingled fund of funds, portfolio completion, portfolio hedging, and hedge fund replication services to a global institutional client base.
Perpetual is an Australian investment manager offering a range of products for personal investment, superannuation and retirement as well as corporate funds management.
Under the partnership, Ramius will work with Perpetual’s multi manager Group to manage
Prime Fund Solutions has been named the Best Hedge Fund Administrator 2010 at the inaugural Hedgeweek awards.
The award was presented to Charlie Woolnough, European regional director, at a ceremony in London’s West End on 19 March.
The judging process for the awards followed a meritocratic approach, with Hedgeweek sending out a survey to all 56,000 of its subscribers and receiving back over 1,000 responses. The winners were chosen by the number of positive responses received for each category.
Prime Fund Solutions was considered to be the “best” hedge fund administrator by more Hedgeweek subscribers than any other firm.
Global
The Lyxor Hedge Fund Index recorded a positive performance of 2.12 per cent in March 2010.
The top performing strategies over the month were CTAs long term (+4.84 per cent), L/S credit arbitrage (+3.85 per cent) and fixed income arbitrage (+2.73 per cent).
The worst performing strategy was L/S equity short bias, which fell by 6.58 per cent.
The Lyxor Hedge Indices are investable, asset-weighted hedge fund indices. They are based on Lyxor’s hedge fund platform that covers all the major hedge fund strategies.
The HFRI Fund Weighted Composite Index gained 2.7 per cent in March, the highest gain since September 2009.
For the quarter the index gained 2.56 per cent.
Equity hedge funds posted the strongest gains across four main strategies, with a gain of 3.53 per cent, the strongest since May 2009. Gains were broad based across nearly all sub-strategies and were strongest in growth and quantitative equity.
Event driven continued its strong performance with its 13th consecutive positive month, gaining 2.96 per cent. With the benefit of improving credit markets and liquidity, event driven is the top performing strategy YTD, gaining
