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A study by SEI has unearthed a striking disconnect between how wealth management clients’ experiences measure up against their expectations.
It reveals that 100 per cent of private clients responded no when asked whether the wealth management industry was transparent, whilst 100 per cent of wealth management firms interviewed responded yes when asked if transparency is important to rebuild client confidence.
The latest paper is the result of interviews carried out by Scorpio Partnership that compared the views of 25 private clients and 25 wealth management firms on the transparency debate.
The main finding of the research highlights that clients
Peak Ridge Capital Group’s venture capital fund, the Peak Ridge AgTech Fund, has expanded its advisory board to include Tommy G. Thompson, former four-time governor of Wisconsin and US secretary of health and human services.
As governor of Wisconsin from 1986 through 2002, Thompson was well-known for his efforts to revitalize the Wisconsin economy.
He also served as the secretary of health and human services under the Bush administration from 2001 to 2005 and has received numerous awards for his public service.
Thompson is currently a partner at Akin Gump Strauss Hauer & Feld and an active member on the
A number of factors are leading to hedge fund managers forecasting a strong year for Asian equities.
Banking has experienced the largest ETF fund inflow of any sector during the last seven days, a total of $75 million (£47 million).
Commodity broker and introducing brokerage firm Levin-Mayer has appointed Stuart Karr, who most recently headed the firm’s brokerage business, as head of alternative investments.
Karr will report to Clive Xiu Chang, president and chief operating officer.
Karr joined Levin-Mayer in 2004 as a portfolio manager in asset management.
Levin-Mayer’s prime brokerage leadership team will continue to run the brokerage business.
Lucy Wong, co-president of Levin-Mayer, says: "Given his extensive experience working with hedge funds and alternative investments, Stuart Karr is the ideal candidate to help us realise the significant growth opportunities we see in the alternative investment business. Over the
The S&P GSCI declined 7.89 per cent in January as each of its main components landed in negative territory during the month.
The S&P GSCI Industrial Metals Index was the hardest hit sector in January, falling 8.92 per cent after registering an 82.42 per cent gain in 2009.
“Fears of potential economic weakness, as well as some reversion of the substantial asset rallies seen in 2009, were certainly at play in January,” says Michael McGlone, director of commodity indexing at S&P Indices. “The decline in January coincided with a 3.60 per cent loss for the S&P 500, a 2.06
Aspect Capital, the London-based systematic investment manager, has appointed Eduardo Deschapelles to the position of senior North American sales executive.
Deschapelles will focus on further developing Aspect’s institutional sales efforts in the US and will report to John Wareham (pictured), Aspect’s chief commercial officer.
Deschapelles joins Aspect from Meridian Capital Partners of New York, where he was a partner and business development manager.
Prior to this he was an employee of Permal Group, part of the Legg Mason Group, from 2004 to 2008. He was most recently senior vice president, responsible for the development and management of the firm’s
Asset manager GLG Partners has appointed Raffaele Costa as the co-head of marketing.
Raffaele will work alongside Emmanuel Roman, the firm’s co-chief executive, to develop and execute GLG’s global product and distribution strategy.
“Raffaele has been with GLG since we started in 1995 and has been responsible for originating and managing many of the firm’s key account relationships,” says Pierre Lagrange (pictured), partner and founder of GLG. “This gives him an unrivalled understanding of our existing and potential investors, and a strong sense of the products we should be offering.”
Raffaele has been tasked with enhancing GLG’s distribution
Stride Capital Group has launched a partnership that will focus on providing capital and expertise to talented emerging hedge fund managers.
Stride will invest in managers with up to USD500m in assets, emphasising management independence and high operational standards.
Stride will primarily focus on managers who invest in equity and debt securities, who can also short and use other hedging strategies.
“The opportunity to build the next generation of high-performing investment firms is significant today,” says founder and managing partner Don Rogers. “Market dynamics of this extreme occur once in a generation. Stride puts its capital and related resources
Merchant Capital’s Ucits III platform for hedge fund managers has appointed Kinetic Partners to manage risk management systems across the entire platform.
Merchant Capital enables asset managers to launch Ucits-compliant investment vehicles to the European market.
Funds using the platform take approximately four to six weeks to launch, a process that often takes much longer when other methods are used.
Merchant will be using Kinetic Partners’ risk and valuation services to help fund managers establish robust risk management. RVS was set up in response to investor and regulatory pressure after the global financial crisis exposed significant weaknesses in the risk
