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US law firm Akin Gump Strauss Hauer & Feld (Akin Gump) has appointed Tim Becker as a partner based in Boston ahead of the opening of the firm’s new office in the city, according to a report by the Global Legal Post.
Becker, who advises private equity funds, venture capital funds and hedge funds on US and international tax and structuring issues relating to fund formation, operations and investments, joins Akin Gump from Boston-based Choate Hall & Stewart, with fellow partner Wells Miller.
Miller’s practice focuses on advising fund clients on all matters relating to executive compensation, including drafting, negotiating
The Managed Funds Association (MFA), the trade association for the hedge fund and global alternative asset management industry, has appointed Raffi Williams as its vice president of communications.
In his new role, Williams will work to advance MFA’s agenda on key policy issues and educate the public about the value of the hedge fund and alternative asset management industry.
Williams joins MFA from Edelman Smithfield, where he served as Vice President in the financial communications team. Edelman Smithfield is a distinct practice within Edelman, one of the world’s largest PR companies.
At Edelman Smithfield, Williams developed and executed communications strategies
Unicorn Strategic Partners (UnicornSP), a distribution partner to asset managers, and iCapital, a global fintech platform driving access to alternative investments for the wealth management industry, have formed a partnership to distribute private market and hedge fund investments to financial advisors in Latin America and intermediaries in the US servicing non-resident LATAM clients.
UnicornSP will serve as a local distribution partner and product specialist introducing funds available on the iCapital flagship platform to wealth managers in the region. To ensure comprehensive market coverage, UnicornSP will add new senior hires fully dedicated to private markets to its teams in Argentina, Brazil,
Qontigo, a provider of risk, analytics, and index solutions, has partnered with Ortec Finance, a global provider of technology and solutions for risk and return management, to provide climate stress testing capabilities within Qontigo’s Axioma Risk.
With increasing regulatory pressures worldwide, asset managers and asset owners require more robust insights into their exposures to climate risk. Through combining Ortec Finance’s state of the art climate risk-aware economic and financial scenarios with Qontigo’s unique portfolio management and risk analysis solutions, clients can seamlessly translate climate transition scenarios to their portfolios to assess exposure and climate resilience.
Ortec Finance’s Climate MAPS
More than 40% of hedge fund managers expect LPs to increase investment allocations to long/short and global strategies in the next 12 months, research from EisnerAmper suggests.
Bridgewater Associates has appointed former Goldman Sachs managing director and global head of loans engineering Yuriy Podoshev as its new engineering director, according to a report by Financial News London.
The appointment of Podoshev, who spent 16 years at Goldman Sachs, adds to a growing exodus of banking talent to hedge fund firms.
Podoshev served in a wide range of roles during his time at Goldman Sachs including senior developer and the global head of money markets trading and sales technology. Prior to Goldman Sachs he spent over eight years at RMS working as a senior software engineer.
In his
Carrara Capital has appointed SS&C GlobeOp as its fund administrator for its new multi-strategy fund, the Carrara Global Opportunities Fund, which launched earlier this year.
Carrara Capital will use SS&C GlobeOp’s extensive suite of hedge fund services, including fund administration, investor services (including AML), Australia tax management and FATCA/CRS Reporting.
SS&C’s local team will oversee services for the fund, which aims to generate consistent risk-adjusted returns investing across currencies, fixed income, global equities, credit and private opportunities.
US hedge fund Schonfeld which increased its London footprint by 50% in 2021, and continued building out its team in the UK capital with the appointment of women to several key positions, according to a report by eFinancialCareers.
The appointment of Niamh Taylor, a former managing director in prime and alternative sales at JPMorgan, as head of EMEA in June this year, was described as a “milestone” by chief strategy officer Danielle Pizza, and further notable female appointments have followed.
Katie Tester, has joined Schonfeld from Eisler as director of business development, having previously spent eight years at Goldman Sachs,
Alveo, a provider of cloud-based market data management services, has extended it data operations solution Ops360 including standard integration with QuantLib for advanced analytics.
With the new functionality, any appropriately permissioned business user can simply drag and drop input data sets into functions and set parameters to derive data and kick off the calculation of curves and risk factors. No coding is needed and the process is interactive. Users can add sources, tweak parameters before promoting a given calculation to production and anchoring it in an operational workflow in, for instance, financial modelling, valuation, product control, margin calculation or market
Warburg Invest AG and Alpha Centauri have partnered to launch the Climate Smart Europe Long/Short Equity fund, which employs a largely market-neutral investment strategy in approximately 60 European equities and aims to benefit from a transition into a more climate-neutral world.
The fund is classified as an “Article 9” fund under the EU disclosure regulation.
Stock selection follows a rule-based process in which relative attractiveness is determined by a low-carbon factor and several well-known equity factor premiums such as momentum, value and size. Long positions are dominated by stocks of companies with low GHG emissions and positive factor characteristics, while
