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Managed Funds Association, the trade association for the global alternative asset management industry, has appointed Georgette Sierra as Vice President, US Government Affairs with a focus on the development and promotion of public policies that advocate for fair, transparent, and efficient capital markets.
Prior to joining MFA, Sierra, a seasoned professional with extensive experience in government and financial services, served as Director of US Public Policy for Credit Suisse.
Previously, she held the position of Director of Government Affairs at BNP Paribas and Vice President of Government Affairs at the Financial Services Roundtable. In those roles she developed and led
Axioma, Qontigo’s analytics business and a global provider of factor risk models, portfolio construction tools, and enterprise risk solutions, has expanded its partnership with Equity Data Science, to provide hedge funds and asset managers with access to its Equity Factor Risk Model Suite.Â
Jonas Diedrich and Dave Sutton, former traders at Citadel, have raised $1.85bn for their new London-based hedge fund Ilex Capital Partners, exceeding their initial $1.7bn target, and making the new fund one of the biggest debuts of the year, according to a report by Bloomberg.
Astaris Capital Management a London-based event-driven and equity investment firm, has secured a $150m commitment from Blackstone which will be split 50-50 between its existing hedge fund and a new pool of capital with a drawdown structure, according to a report by Reuters.
Astaris was founded in 2020 by Martin Beck, who previously worked at private investment firm Centerbridge Partners and at JPMorgan. Beck was also a founding partner at hedge fund Sothic Capital, which invested in European distressed assets.
Astaris, which has more than $300 million in assets and has delivered an average annual return of 17% since inception,
While the big multi-strategy hedge funds such as Citadel and Millennium are making headlines with their high-profile recruitment drives, smaller funds are adding staff too, with London-based Bell Rock Capital among those making multiple hires this year.
The firm has bolstered its 50-strong team in London with the addition of André Leue – a former senior partner and head of public investments at the world’s largest charity the Novbo Norsisk Foundations – as a portfolio manager in global healthcare equities, and Jeff Largey as senior analyst focusing on global metals and mining. Before joining Bell Rock, Largey spent just under
Argentem Creek Partners, an emerging markets specialist investment firm, has been granted an In-Principle Approval for a Financial Services Permission by  the Financial Services Regulatory Authority of the Abu Dhabi Global Market.Â
Davidson Kempner Capital Management has closed its Davidson Kempner Opportunities Fund VI, which will target investments in less liquid, longer-duration situations arising from capital dislocations, motivated sellers, and substantial asset or structural complexity, with $3bn in capital commitments.
The five previous vintages of the fund have collectively invested over $10bn since the strategy’s inception in 2011. The funds are diversified across geographies, industries and investment types, including corporates, real estate, structured products, infrastructure and hard assets.
DK Opportunities Fund VI is co-managed by Yoseloff and Conor Bastable, Managing Member, Global Credit, and is supported by a 113-person credit investing team
Low latency market data specialist McKay Brothers International has launched its newest “lowest known latency” market data service, distributing Cboe UK cash equities raw data at the London Stock Exchange (LSE) via its wireless QRD service.Â
Saudi Arabia’s unilateral oil production cut, which was aimed at supporting prices from the effects of slowing economic growth in both China and Europe, has enticed hedge funds and other money managers back into the market, according to a report by Reuters.Â
Hedge funds are in line to benefit from a unanimous ruling by the Credit Derivatives Determinations Committee that UBS is the sole successor for credit default swaps contracts linked to Credit Suisse following the emergency ‘merger’ of the former rivals in March, according to a report by IFR.
