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Chi-X Global, a holding company for regional Chi-X market centres and the Chi-Tech technology solutions provider, has added Christopher Brown and Raks Sondhi to its Asia-Pacific sales team.
Brown and Sondhi will be responsible for driving business development efforts across Asia-Pacific, ensuring that market participants are aware of Chi-X Global’s product developments in the region.
Brown, based in Hong Kong, will service traditional long-only investment firms, while Sondhi, based in Singapore, will work with the high-frequency and quantitative investment community.
Both will report directly to Ronald Gould, chief executive for Chi-X Asia-Pacific.
Brown joins Chi-X Global from mergermarket (part of
The Commodity Futures Trading Commission has adopted amendments to its regulations regarding periodic and annual reporting requirements applicable to commodity pool operators.
The amendments specify detailed information that must be included in the periodic account statements and annual reports for commodity pools with more than one series or class of ownership interest.
They clarify that the periodic account statements must disclose either the net asset value per outstanding participation unit in the pool or the total value of a participant’s interest or share in the pool.
They extend the time period for filing and distributing annual reports of commodity pools
Liongate Capital Management, a fund of hedge funds manager, has opened its Dubai office and been awarded a license by the Dubai Financial Services Authority to operate from the Dubai International Financial Centre DIFC.
With this move, Liongate Capital Management is consolidating its presence in the Mena region, where it has long-standing clients in the countries of the Gulf region.
The Dubai office will focus on advising institutional clients in the Mena region on allocations to hedge fund investment strategies. The office will also serve as a vehicle for capitalising on regional investment opportunities and will be hiring staff for
Sophis, a provider of cross-asset, front-to-back portfolio and risk management solutions, has appointed René Flor as area sales director for Switzerland and Luxembourg.
Flor has 15 years’ experience of the investment management industry, especially in the areas of wealth and asset management, investment compliance and risk management.
Flor joins Sophis from Odyssey Financial Technologies, where he was in charge of new business for Southern Europe. Previous roles include director of international sales for software solution company Aquin Components; chief executive of YoPass; managing director of Global WebTrade; and management partner at Consultec.
Younes Guemouri, chief operating officer of Continental Europe
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext, will add options on the shares of the Dutch company AMG Advanced Metallurgical Group to its range of equity option classes.
The AMG options will be introduced on the Amsterdam derivatives market of NYSE Liffe on 12 November 2009.
Alan van Griethuysen, business head Benelux and Asia of NYSE Liffe, says: “We are delighted to see that there is a healthy demand for new equity option classes, amongst both professional traders and private investors. Half of the turnover in Mediq options, the most recent option class we launched, comes from private
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas, has added a further three investment firms to its trading community.
The firms include BofA Merrill Lynch and CA Cheuvreux.
Lee Hodgkinson (pictured), chief executive of SmartPool, says: “We are delighted to welcome BofA Merrill Lynch and CA Cheuvreux to our ever expanding trading community. We are looking forward to bringing these customers online in the coming months. Today’s announcement is further proof that our superior economies of scale are attracting the largest and most diverse dark pool trading community in
Michael Cant (pictured), partner at Nabarro LLP, outlines the implications of the recent tax residency case, Laerstate BV v HMRC.
It comes as no surprise that, as UK tax revenues fall, HM Revenue & Customs ("HMRC") seek to take a tougher line on those claiming to fall outside the UK tax net. The rising number of corporate migrations is making residency a hot topic, with a significant percentage of UK commercial property being held in offshore vehicles (for example, in non-UK resident companies and unit trusts). One of the key benefits of such vehicles is that they fall outside the
Quoin Partners has appointed Nathan Dean as senior partner.
Dean has deep experience in the alternative asset and investment management industries as well as being an experienced entrepreneur.
He joins Quoin from The Druker Company, where he was a project director in charge of commercial real estate investment, managing large networks of providers in the firm’s acquisition and development initiatives.
Prior to Druker, Dean worked for Davidson Kempner Capital Management and JPMorgan Investment Management where he sourced new opportunities, provided detailed financial and strategic analysis, and managed the entire investment process for both funds.
Dean started his career at Banc
Scott Licamele, former vice president of equity research sales at Renaissance Capital, has joined hedge fund Red Star Asset Management, where his responsibilities include emerging markets equity research and business development.
He is based in Greenwich, Connecticut.
Prior to working at Renaissance Capital, Licamele headed up North American equity sales and trading for Russia’s Alfa Bank in New York. He also marketed Alfa Capital Partners private equity fund to North American clients.
James Fenkner, Red Star Asset Management’s managing director, says: “Scott brings new energy and depth of experience to the management team. His experience in emerging equity markets, particularly
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish almost flat with a +0.17 per cent return in October.
Hedge funds had a slightly positive month overall with a widening dispersion of returns among strategies, based on whether managers could take advantage of October’s market volatility.
The Chicago Board Options Exchange Volatility Index, which measures the implied volatility of S&P 500 Index options, began a surge of approximately 30 per cent on 23 October that took the VIX from just over 20 to just over 30, as equity markets took a turn downward in the second half of
