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Scott J. Nance, an institutional investment executive with more than 20 years’ industry experience, has joined Compass Securities as an independent affiliate through his practice, West-NW Capital.
Prior to joining Compass as a registered representative, Nance was a managing director at Equinox Fund Management, sponsor of The Frontier Fund.
Before joining Equinox in 2005, Nance was a principal and institutional salesperson at Robeco Investment Management, whose US-based asset management subsidiaries include Weiss, Peck & Greer Investments and Boston Partners.
He also previously served as an institutional director of business development at Banc of America Capital Management, the asset management arm
The US Commodity Futures Trading Commission has obtained a preliminary injunction against Jay C. Nolan of Wilmette, Illinois and his company Lodge Capital Group of Northfield, Illinois for committing commodity pool fraud.
The CFTC charged the defendants in January 2010 with misappropriation and fraud in operating a commodity pool that solicited approximately USD3.9m from at least five individuals.
The preliminary injunction order, entered by US District Court Judge Charles R. Norgle of the Northern District of Illinois, maintains the asset freeze entered against the defendants by the court on 26 January 2010, and prohibits them from further violations of the
US corporate credit default swap markets, while trading in a broader range, were little changed over the course of February 2010, according to a report by GFI Group.
While rising concerns of potential default in certain European sovereign contracts initially weighed on credit sentiment across the globe, risk appetite returned as expectations of sovereign default – or certainly concerns over the impact of contagion from a sovereign credit event – receded.
While, at a sector level, only the materials group was worthy of mention over the course of the month, greater attention was paid to corporate-specific events, such as
Asset manager BlueMountain Capital Management has expanded its investor relations and marketing team with the hire of Jennifer Strickland as managing director.
In addition, Josh Drazen has been promoted to managing director of investor relations and strategy.
Prior to joining BlueMountain, Strickland was director of investor relations at HBK Capital Management for nine years. There she developed close relationships with institutional investors including pensions, endowments and consultants.
Before HBK, Strickland was a vice president at Citibank, where she led product development for high net worth clients in the Asia Pacific region. She spent the first six years of her career
PerTrac Financial Solutions has launched a Microsoft Excel add-in that allows users to interact with major PerTrac applications from within Excel.
PerTrac PowerLink opens new reporting and analysis possibilities for PerTrac clients, while allowing them to easily incorporate PerTrac applications into their existing Excel-centric workflows.
“PerTrac PowerLink bridges the gap between two of the most important software platforms for investment professionals, the PerTrac Suite and Microsoft Excel,” says Gerry Mintz, PerTrac president and chief executive officer. “Users can conveniently pull PerTrac Suite data and statistics into Excel, where they can build custom reports or do whatever calculations they wish,
Mudrick Capital Management, an alternative investment firm that focuses on distressed investing, has appointed Philipp Levy as head of marketing and investor relations, a newly created position.
Levy (pictured) will be responsible for all aspects of marketing, sales and investor relations, continuing the work he has done as a consultant since the firm’s inception.
He reports to Mudrick Capital chief executive Jason Mudrick.
“Philipp has been an integral part of our business from the start and we are pleased that he has formally joined the Mudrick Capital team,” says Mudrick. “He will be a valuable asset as we continue
Ticonderoga Securities, an institutional broker dealer, has launched a risk arbitrage desk focusing on mergers and acquisitions, which will be led by industry veteran Andrew Lefberg, formerly of Pali Capital.
Joining Lefberg will be Jeremy Stovall, also formerly of Pali.
The risk arbitrage desk will be fully integrated with Ticonderoga’s existing product offerings.
“With the addition of a risk arbitrage desk, our aim is to build a business that will become a significant part of Ticonderoga’s revenue stream while adding to our growing range of product offerings,” says Shawn McLoughlin (pictured), chief executive and co-founder of Ticonderoga.
The firm has
The Greek financial crisis will not endanger the eurozone as a whole, a new survey of hedge funds and the financial services sector has found.
The Hedge Fund Association has elected its 2010/2011 board of directors, president and vice president, and appointed regional directors and advisory board chairs.
HFA is focused on business and professional development, Capitol Hill lobbying to advocate for managers and investors, and public relations aimed at dispelling common misperceptions and educating the media, investors, lawmakers and the public at large.
The directors for 2010/11 are president David Friedland, vice president Ron S. Geffner and executive director Lara Block.
The thought leader council chair is Howard Altman of Rothstein Kass.
Representing managers are: Robert Banker, Highwood Capital; Brad Cole, Cole Partners; Andrew
The S&P GSCI, a commodities index, increased 5.56 per cent in February after falling 7.89 per cent in January.
The index was led higher during the month by energy: the S&P GSCI Energy Index gained 6.92 per cent in February.
“Despite a 1.13 per cent increase in the US Dollar Index, the S&P GSCI experienced broad based strength in February as the energy sector, in particular crude oil, propped up the index’s return during the month,” says Michael McGlone, director of commodity indexing at S&P Indices. “Crude oil was the leading energy commodity in February increasing 8.71 per cent,
