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BestEx Research Group, a provider of high-performance algorithmic execution and measurement solutions for equities, futures, and foreign exchange trading, has appointed Andrew Westhead as Managing Director of Research.
Westhead has more than 15 years of experience in the research, development, and deployment of execution algorithms with a particular focus in equities, futures, and FX. Prior to joining BestEx Research, he was the Director of Smart Execution at Graham Capital Management, a systematically focused hedge fund.
Earlier in his career he spent more than 10 years in the Quantitative Strategies Group at Bank of America, leading the research and development of
More than 500 hedge funds have been set up in London since 2019, according to a report by City AM.
Data released by SigTech reveals that the the UK is second only to the US which has 67 per cent of the global share of hedge funds. New York alone is now home to almost 7,000.
Regulation remains in sharp focus. Digital participants from across the financial markets spectrum are keen to dive in headfirst while others, partly due to a perceived supervisory gap, remain on the sidelines.
VG, one of Jersey’s largest independent providers of trust, corporate and fund administration solutions, has strengthened its corporate team with the appointments of Gabriela Jakubczyk, Matthew Hibbs and Zach O’Shea.
The new hires build on a host of other appointments so far this year as VG continues to develop its corporate and capital markets offering.
Jakubczyk joins VG as Associate Director in the corporate team where she will work alongside Steve Langan, Director of Corporate and Capital Markets, to build and develop the team and VG’s offering. She joins from Aztec Group, a fund and corporate services provider to the
State Street Corporation (NYSE: STT) today announced it has appointed Jesse Cole as global head of its Private Markets segment.
In this role, Cole will be responsible for defining and executing State Street’s global strategy for Private Markets and will work closely with his peers in global sales and the product organisation to manage and grow private markets business across all client segments.
Cole is based out of Chicago, IL and will report to Paul Fleming, global head of State Street’s Global Alternatives Segment.
Harrington Cooper, a USD6 billion cross-border fund distribution specialist, has expanded its European footprint with the addition of sales professional Teresa Del Alcazar.
With 15 years of experience in the asset management industry, Del Alcazar joins as head of sales for France, Switzerland and Benelux and is tasked with expanding Harrington Cooper’s reach across these key client areas.
Joining from Alken Asset Management, Del Alcazar has buy-side research and sales roles experience within asset management. She worked as a hedge fund analyst and junior portfolio manager at Caledon Asset Management, before moving onto selecting long only strategies at EFG Asset
Fund manager Pierre Andurand has suggested that European governments should impose a 100 per cent tax on Russian oil rather than banning its import completely, according to to a report by Bloomberg Quint.
Andurand’s idea, which he shared via Twitter, is that countries unable to source alternative supplies could buy Russian oil at a discount of 50 per cent to compensate for the additional tax, which would hurt Russian oil revenues while ensuring European supplies.
Andurand’s commodity fund made 109 per cent in the first three months of the year.
The hedge fund industry returned to inflows in January bringing in USD11.29 billion in new assets, 0.24 per cent of hedge fund industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
PEF Services (PEF), a CSC company and a fund administrator for alternative investment managers, has released a new white paper – AML and KYC Compliance: A Guide for Private Capital Fund Managers.
Private capital funds have long been aware of anti-money laundering (AML) and know your customer (KYC) requirements. But while the underlying goal of these rules remains the same – to prevent and detect money laundering and counteract terrorist-funding activities – regulatory compliance has become a challenge for many firms.
The white paper covers:
• Six pillars of an AML and KYC program and their considerations for alternative investment
Swiss financial data expert SIX has partnered with Sustainalytics to provide ESG data to its broad customer base of SIX for them to comply with new EU sustainability regulations.
Sustainalytics is the first third-party specialist ESG data provider that SIX has onboarded to its distribution channels.
Sustainalytics is a Morningstar company and a global provider of ESG research, ratings and data. On the basis of its data, SIX is now providing extensive ESG data sets for EU Taxonomy and the Sustainable Finance Disclosure Regulation (SFDR), which support its clients, such as banks and asset managers, with their disclosure obligations and
