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Structured Portfolio Management, an asset management firm focusing on fixed income since 1998, has promoted Chris Sutter to head of marketing and investor relations.
In his new role, Sutter will lead SPM’s worldwide marketing efforts, with all members of the client management group reporting to him.
Sutter joined SPM in April, 2008 and will also retain his title of managing director. He had previously been responsible for client management of institutional clients in the US.
Senior members of the client management group reporting to Sutter include Alex de Calice, managing director of the EMEA region; Masahiro Watanabe, managing director of
Excalibur, the medical sciences investment house founded by Professor Sir Christopher Evans, has expanded its business operations in Australia, Europe and the Middle East.
Excalibur has acquired fund management and advisory firm International BioScience Managers, built by Jeremy Curnock Cook (pictured).
As a result of this acquisition, Excalibur now owns a 50 per cent stake in International BioScience Managers in Australia through which it plans further expansion. International BioScience already manages a profitable life sciences fund and is expected to shortly become part of the Excalibur Group. The group is working on new funds to address opportunities in the
The National Futures Association has permanently barred from NFA membership True Vector Trading Group, an introducing broker formerly located in Delray Beach, Florida, and its principal James Douglas of Galveston, Texas.
The decision, issued by NFA’s business conduct committee, is based on an NFA complaint filed in June 2009.
The committee found that True Vector and Douglas made misleading sales solicitations to customers and had the customers sign blank account opening documents which Douglas completed with inaccurate information.
The committee also found that True Vector and Douglas failed to adequately implement an anti-money laundering programme and failed to supervise True
Butterfield Fulcrum, an alternative fund administration company, has expanded its US business development team with the addition of Christine Egan.
Egan joins Bill Neville, Jim Gabriele, John Peterson and Bill Henderson under the leadership of T. Andrew Smith, global business development head.
Since joining in April 2009, Smith has quickly built a global sales team of seasoned professionals to meet the growing demand for transparency, independence and flexibility in the hedge fund sector. Under his leadership, Butterfield Fulcrum has opened a Chicago office, upgraded its US headquarters in New York City to accommodate further growth and attracted significant talent to
The European Energy Exchange and Eurex are expanding the offering of futures on emission rights.
Pending approval of the EEX Exchange Council, the new futures will be launched as of 27 October 2009.
The partners will be offering new European Emission Allowance and Certified Emission Reductions futures with a different maturity and delivery date, in addition to the contracts already offered.
EUA and CER futures currently mature on the last exchange trading day in November every year, with delivery on the first exchange trading day in December. In future, there will also be an EUA and a CER futures contract
Cheyne Capital, the London based hedge fund manager, has established a convertible bond strategy fund, the Cheyne Select Convertibles Fund, within an Irish domiciled Ucits umbrella.
The fund is intended to be the first in a series of Ucits funds to be launched by Cheyne.
Cheyne Capital has chosen Carne Global Financial Services to assist it in launching its Ucits funds.
Carne Global says large distributors and major banks are now looking for more Ucits hedge fund products for their asset allocation strategy, for example in the construction of Ucits hedge funds of funds.
Carne is represented on
Brown Brothers Harriman, a provider of customised financial solutions, has named Keith Haberlin as head of securities lending in Europe and the Middle East.
Haberlin recently relocated to London from BBH Boston, where he has been part of the global securities lending team since March of 2008.
“The performance of BBH’s programme through the market turmoil and our traditional focus on intrinsic value lending is resonating extremely well in the current climate,” says Chris Donovan, head of global securities lending for BBH. "Keith’s relocation to London reflects our commitment to strengthening the management of our programme in the key regions
Impax Asset Management, an Aim listed investment manager focused on the environmental sector, has appointed John McDonald as head of sales and marketing.
McDonald was previously head of alternative sales and marketing at New Star Asset Management, which he joined in 2004.
He has 25 years of experience in financial markets, 17 years of which were spent in investment research analysis and sales, followed by eight years in the sales and marketing of alternative investments.
Ian Simm, chief executive officer of Impax Asset Management, says: "Impax has ambitious growth plans and we are delighted that John, with his impeccable
Stone & Youngberg, a financial services firm and underwriter of California municipal bonds, has opened its 11th office nationwide in New York’s state capital of Albany.
Jeff Hyman, a managing director in Stone & Youngberg’s public finance group, will head up the new office.
The new office in Albany presents opportunities for further growth in the Northeast.
“We’ve been staffing up in the Northeast and we see great opportunity in this environment to build the business and accelerate growth,” says Ramiro Albarran, a managing director in the public finance group at Stone & Youngberg, based in New York City. “The
The Australian Securities and Investments Commission has obtained orders from the Federal Court in Perth to wind up Finchley Central Funds Management.
Finchley is the responsible entity of a registered managed investment scheme known as Finchley Development Capital Funds.
Within FDCF there are two active trusts which have raised funds from retail investors:
• FDCF No. 2: The Gilead Trust, which has more than 600 members who have invested in excess of AUD25m. These funds have been on-lent as mezzanine finance to the developer of the Gilead Retirement Resort in New South Wales; and
• FDCF No. 3: The Riverside Trust, which
