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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,
Merchant Capital, a Ucits III platform provider to the hedge fund industry, has announced that its first client is now fully operational.
Robert Maxwell of Tressis will act as investment adviser to the fund, named the Merchant European Equity Fund, while Merchant Capital is the fund’s investment manager.
Tressis, a Spanish distributor of investment funds, structured products, fixed income and other financial products, is also the distributor of the fund.
The fund’s strategy is primarily equity long/short based on a universe of 600 stocks, with characteristics of an equity market neutral strategy. The initial structure of the Merchant European
Hennessee Group has estimated that hedge fund industry assets increased by USD751bn in 2009 to USD1.96trn.
The jump in assets represents a 62 per cent increase since the beginning of 2009 and leaves industry assets at their pre-crisis levels in 2007.
Preliminary results indicate that the hedge fund industry experienced net inflows of USD448bn (+37 per cent) in 2009.
The amount of inflows represents the largest inflow of assets in the hedge fund history and is a dramatic reversal compared to the 20 per cent decline in asset flows in 2008 (USD399bn).
The remaining USD302bn (25 per cent) gain in
Societe Generale Corporate & Investment Banking has appointed Todd Martin as equity strategist covering the Asia Pacific region, based in Hong Kong.
In this newly created role, Martin will generate micro and macro themes that will formulate specific cash equity and indexation strategies.
He will report to Glenn Maguire, Asia chief economist.
The appointment is part of a wider strategic drive from the company to develop its global equity and flow franchise in Asia Pacific.
Martin has 17 years of cross-sector pan-Asian experience as an investment professional. He spent 11 years in equity banking research, heading the banking
Concerto Asset Management has appointed Jim Skufca as head of risk management and distressed portfolio manager.
Skufca, who will be based in the firm’s Charlotte office, was previously head of capital and trading oversight for the fixed income division of Wells Fargo.
Concerto has also appointed Susan Moran as managing director on its business development team.
Moran was previously responsible for distributing alternative investments and structured credit products in North America and Europe for Wachovia. She brings expertise and contacts within the endowment, pension fund and asset management space.
Concerto Asset Management is a multi-strategy asset manager with a focus
Advent Software, a provider of software and services for the investment management industry, has released Advent Portfolio Exchange 3.0, the latest version of its portfolio management solution.
The latest version of APX offers flexibility to manage portfolios and client relationships.
It includes a new reporting framework using Microsoft SQL Server Reporting Services for flexibility in creating custom reports.
It also offers expanded data access and enhanced client relationship management features to better track and manage client communications
“We had been eagerly awaiting the new reporting capabilities in APX 3.0 and are extremely pleased with what we’ve seen,” says Jason Robinson,
