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Channel Capital Cayman, an independent directorship service provider to global hedge and private equity funds and investment vehicles, has expanded its Cayman Islands team with the appointment of Martin Laufer as fund director.
Channel Capital Cayman, which serves investment funds domiciled primarily in the United States, Cayman Islands and other offshore financial centres, was established to assist with ongoing compliance with regulatory obligations through an ndependent director service.
As an experienced independent director, Laufer has been providing fund governance and related services to a variety of offshore investment funds since 2017. Prior to joining Channel Capital Cayman, he worked for
DE Shaw is the latest hedge fund major to announce an expansion in India with the opening of two new offices in the cities of Bengaluru and Gurugram, which will be home to around 300 additional employees in total.
Chinese quantitative hedge fund manager High-Flyer Quant has scotched rumours it is intending to sack its fund managers and replace them with an artificial general intelligence-based stock trading system, according to a report by Yicai Global.
London-based hedge fund Covalis Capital has proposed a rival list of board candidates to those put forward by the Italian government last week for state-owned renewable energy company Enel, according to a report by Reuters.
The report cites a statement made by Covalis claiming that the system that led to the government’s nominations “undermines investor confidence, erodes value and is out of line with international standards of best practice in shareholder democracy.”
The Italian government’s proposals include replacing long-serving CEO Francesco Starace, with Flavio Cattaneo, who currently serves as executive vice president of high-speed train operator Italo, and appointing former
Fredrik Gentzel, the former chief executive officer of Capula Investment Management, a hedge fund specialising in bond and macro economic trading strategies, is joining $8 billion investment firm Orchard Global as its chief operating officer (COO) based in London.
In his new role at Orchard, which lends to banks, asset managers, and others using structured finance, as well as risk transfer solutions, Gentzel will be responsible for client data and information delivery as well helping the firm grow assets and expand its product offering.
Gentzel, who has over 23 years of financial markets experience, began his career as a derivatives
Mayer Brown has appointed Jason Friedman as a partner in the firm’s Banking & Finance practice, where he will represent borrowers, private equity sponsors, banks, hedge funds, alternative asset managers and other institutional investors on leveraged finance and private credit transactions.
Aaro Capital, a specialist in digital assets and digital ledger technology investments, has appointed Axel Ullmann as sales director. Ullman, who joins the firm from Degroof Petercam Asset Management (DPAM) where he served as as Senior International Sales Director for six years, will be working closely with CEO Peter Habermacher, and fellow sales director Liz Adnitt, who joined Aaro from Sanlam Investments in January of this year.
Ullman will be based in Germany and take on respsonsiblity for overseeing sales and distribution activities in the region, including the development of new and existing institutional client relationships.
Ullman has over 20
Digital asset investment products saw inflows totalling $114 million last week, the forth consecutive week of positive flows as sentiment for the asset class continues to improve, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Total inflows over the last four week now stand at $345million.
Bitcoin again was almost the sole focus for investors, with inflows of $104 million, while ether saw only $0.3 million of new money despite the successful launch of its new Shapella yield features.
Securities and Exchange Commission chair Gary Gensler says hedge funds must face closer scrutiny following the recent turmoil in US government bonds, according to a story by the Financial Times.
With regulators having focused largely on the investment bank sector in the aftermath of the 2008 Global Financial Crisis, Gensler believes taming the risks stemming from speculative funds and other non-bank financial institutions was now “more important than ever.”
He said he wanted a better understanding of how bets by often highly-levered asset managers, including hedge funds, can reverberate across asset classes and into the real economy.
“We just had
London-based activist hedge fund Bluebell Capital Partners has criticised Glencore for “a lack of strategic thinking” as it campaigns for the mining conglomerate to spin-off its thermal coal business, according to a story by the Financial Review.
In a letter to Glencore’s board, Bluebell said that “shareholders, us included, would be reasonable in their criticism of this short-sightedness, complacency, and lack of strategic thinking for not spinning off thermal coal in a timely manner”.
Bluebell Capital believes Glencore has wasted 18 months arguing about the proposal before capitulating as part of a takeover of Teck Resources.
Bluebell Capital is a
