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International Asset Management, a fund of hedge funds investment manager in Europe, has appointed Andrew Cade as head of client development and marketing and Mark Faulkenberg as head of operational due diligence.
Based in IAM’s London office, Cade will be responsible for heading up the client development and marketing team at IAM and will join IAM’s heads of department committee.
Cade has over 14 years of investment experience, seven of which is in the hedge fund industry. He was formerly a director at ABN Amro and a member of the alternative investment funds team specialising in listed hedge and private
Trinity Fund Administration, a fund service provider to a wide range of alternative investment funds, has opened an office in the Cayman Islands.
At a reception last week, the Premier of the Cayman Islands Hon. McKeeva Bush (pictured, centre, with Trinity’s John McCann and Brad Cowdroy) welcomed the firm to the offshore centre.
Trinity announced its intention to launch its Cayman office in September in response to strong client demand, particularly from emerging managers.
The Cayman operation will provide a local physical presence for both Caymanian and international firms to access Trinity’s broad suite of services and is headed up
State Street is expanding its global fund administration and alternative servicing capabilities with an agreement to acquire Mourant International Finance Administration in a cash transaction.
Pending regulatory approvals and other closing conditions, the transaction is expected to close in the first quarter of 2010.
State Street expects the transaction to be slightly accretive to 2010 earnings, excluding one-time costs.
Headquartered in Jersey in the Channel Islands with approximately USD170bn in assets under administration and approximately 650 employees in locations including Dublin, Singapore and New York, MIFA is a provider of fund administration services, particularly for alternative investments, such as private
Orc Software, a provider of technology for advanced trading and connectivity solutions, has made its new interface available to the Singapore Exchange securities platform, SGX-ST.
Orc’s new gateway completes the SGX offering, enabling its customers to trade all listed products across both the exchange’s securities and derivatives platforms.
”The addition of the SGX cash interface demonstrates our continued commitment to providing access to quality execution venues in the region. The ability to trade equities, ETFs and warrants amongst other listed products on the SGX is a great complement to our existing gateway to the exchange’s derivatives platform,” says Greg Chambers,
Multi-jurisdictional law firm Conyers Dill & Pearman will be adding Cyprus legal advice to its roster of jurisdictions.
The Cyprus practice will be launched out of Conyers’ Moscow office, and the firm will provide advice on all aspects of Cyprus corporate law.
Cypriot law firm Antis Triantafyllides has entered into an arrangement with Conyers Dill & Pearman for mutual co-operation on Cyprus, Bermuda, British Virgin Islands, Cayman Islands and Mauritius work. It will assign a lawyer from their Cyprus office to Conyers’ Moscow office on completion of Russian employment formalities.
John Collis (pictured), chairman of Conyers, says: “Triantafyllides is a
FBR Capital Markets, an investment bank serving the middle market, has launched a listed options platform which will be led from New York by Rich Winter, who has joined the firm as managing director.
Joining him in sales are Josh Diamant, senior vice president; Darius Kirksey, senior vice president; and Tom Butler, vice president.
In trading, he is joined by John Cassol, senior vice president.
The unit is part of the firm’s newly added credit, convertibles and options group.
"Our capability in listed options is highly complementary to our broader institutional platform and will provide new and existing clients with
Deutsche Börse has launched the “continuous auction with specialists” trading model for the trading of bonds on Xetra.
Initially, around 700 corporate bonds denominated in Euros listed on FWB Frankfurt Stock Exchange’s regulated and open markets will be tradable in this new model on Xetra.
Other types of bonds are to be included gradually.
The model combines the advantages of trading with the support of specialists and those of fully electronic trading on Xetra. The model allows these specialists to provide for tradability and high price quality even for small order sizes.
With this new trading model, private investors and
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has hired Simon Ballard as a director and senior credit strategist in London.
Ballard will be based in RBC’s London office and will report to Roger Appleyard, head of global credit research, RBC Capital Markets.
Ballard joins RBC Capital Markets with over 20 years’ market experience, most recently at Creditsights, where he was head of European credit strategy. Prior to this, he held credit strategist roles at ABN Amro Asset Management, BNP Paribas and Bear Stearns.
Appleyard says: “Simon’s hire is part of our
Parus Capital, a Moscow-based investment manager, has selected LaCrosse Global Fund Services’ LaCrosseAdmin+ and LaCrosseMBO+ offerings for daily fund administration and a post-trade outsourcing solution.
Launched in October 2009, the Parus Capital Opportunity Fund is an open-end investment fund incorporated in the Cayman Islands.
The fund’s objective is to provide long-term capital appreciation by investing primarily in equities and equity-related securities of companies based in Russia and other Commonwealth of Independent States.
The fund will invest in new names with a non-controlling interest (five per cent to 25 per cent) and will pursue an activist strategy.
"LaCrosse has been active
A team of credit market veterans from Goldman Sachs, Lehman Brothers and GLG Partners have launched the Northlight European Fundamental Credit Fund, long/short credit fund.
The team behind the fund have worked together previously and have a strong record in credit investments, trading and of managing funds with similar strategies.
Cyril Armleder and Charles-Henri Lorthioir worked at Goldman Sachs and then at GLG Partners in the capacity of co-manager and credit research analyst for the Credit Fund and various long/short credit, event driven and special situations portfolios in excess of USD1.5bn.
Shahar Zer spent ten years at Lehman Brothers where
