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Cowen Group has formed Ramius Trading Strategies, a subsidiary of Ramius Alternative Solutions, and launched the RTS Global Fund.
The multi-manager RTS Global Fund offers clients exposure to hedge funds focused on active trading strategies, primarily managed futures and global macro, through Ramius Trading Strategies’ newly developed managed account platform.
RTS is headed by William Marr, formerly global head of hedge fund research and portfolio construction at Merrill Lynch.
Senior members of the investment team include Alexander Rudin as director of investment research and Nadine Haidar as head of business due diligence.
Marr has built and managed a wide spectrum
Citigroup has appointed Sanjiv Sawhney as global head of fund services for Citi’s securities and fund services business.
In this new position, Sawhney will provide leadership for Citi’s hedge fund, private equity and mutual fund administration businesses globally within Citi’s suite of investor services solutions.
Sawhney will report to Neeraj Sahai, global head of Citi’s securities and fund services, and joins from JP Morgan.
Sahai says: "We are very pleased that Sanjiv is rejoining Citi in this key leadership role. His extensive industry expertise and global experience will be instrumental as our fund clients cross borders and jurisdictions to explore
Natixis Global Associates and Absolute Asia Asset Management have launched a multi-cap stock fund, the Absolute Asia Dynamic Equity Fund.
The fund invests in the Asian equity markets (excluding Japan) and offers an opportunity for investors to participate in Asian investments through a US ’40 Act mutual fund.
The fund is the first offered in the US by the Singapore-based management team, which has been headquartered in the region for over a decade. The team’s portfolio managers average more than 20 years of investment expertise.
"The economic vitality of the Asia Pacific region is quickly converting one of the world’s
Aladdin Credit Partners (ACP), a joint equity venture formed by co-founders Luke Gosselin and Victor Russo, and Aladdin Capital Holdings, has announced the closing of its USD573m initial credit opportunites funds, Aladdin Credit Partners I LP and Aladdin Credit Offshire Fund I LP.
Both ACP funds are focused on investing in restructuring-related opportunites including rescue financing, debtor-in-possession financing, and plan confirmation financing.
“In what proved to be one of the more challenging fund-raising environments over the past decade, we are pleased to have raised what we believe to be one of the largest global pools of capital in 2009,”
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has hired Raymond Schumertl as a director for global macro FX sales.
Schumertl will be based in RBC’s Hong Kong office and will report to Natasha Brook-Walters, global head of macro FX, RBC Capital Markets.
Schumertl joins RBC Capital Markets with over 18 years’ experience, most recently at Morgan Stanley where he was an executive director in FX institutional sales based in Tokyo.
Prior to this he held senior positions at Chase Manhattan Bank and Bank of America.
Brook-Walters says: “As we continue to
The implementation of the Markets in Financial Instruments Directive is turning market surveillance, traditionally a cost centre, into a competitive edge, says capital markets research and advisory firm Tabb Group.
According to research published by Tabb, spending by brokers and trading venues in Europe on post- Mifid trading surveillance products will increase by a compound annual growth rate of 13 per cent from 2009 to 2012, rising to EUR185m in 2012.
As vendor products become more widely available, says Miranda Mizen, principal at Tabb and co-author of the report, the ratio of internal versus external purchases will decline from 70
The hedge fund industry has looked into the abyss and stepped back.
In the past, many hedge fund managers, particularly smaller ones, sought to monitor and manage their risks using spreadsheet-based software, believing they didn’t need or couldn’t
By most standards London’s position as an international centre of the hedge fund industry appears to be in pretty good shape.
Over the past 10 to 15 years Dublin and Luxembourg have secured position as the locations of choice for sophisticated European investment funds, leaving the UK in their wake.
