Latest News
Angelo Gordon, a USD44 billion alternative investment firm focused on credit and real estate investing, has appointed Scott Soussa, Senior Managing Director at Blackstone and formerly co-Head of BAAM’s Strategic Capital Group, as Chief Strategy Officer, effective April 2022.
In this new role, Soussa will report to Josh Baumgarten and Adam Schwartz, Angelo Gordon’s co-Chief Executive Officers.
Baumgarten, co-CEO and Head of Credit at Angelo Gordon stated: “We are thrilled to have someone of Scott’s calibre join Angelo Gordon. Scott brings unparalleled insights and perspectives into the alternative investment management sector and we look forward to his contributions as
BTIG has appointed Michael Kaye as a Managing Director and Digital Asset Strategy and Sales Specialist in the firm’s Franchise Sales division.
Kaye will leverage his network of industry relationships to provide comprehensive views of the digital asset sector for BTIG’s institutional and corporate clients across a broad array of subsectors including blockchain technology, cryptocurrency solutions, digital payments and financial services. Kaye will be based in the firm’s New York office and report to Dan Wychulis, Managing Director and Head of BTIG US Strategy and Franchise Sales.
As the most recent addition to an expanding BTIG Digital Asset team, Kaye
Hedge funds and other alternative asset managers have just three months left to prepare for the Investment Firms Prudential Regime, the far-reaching new regulatory framework which potentially heralds “complex and multi-faceted” compliance processes for firms.
Ultimus LeverPoint Private Fund Solutions, a leading private fund administrator, has appointed Todd Werner as Senior Vice President, Private Fund Operations.
Werner will play a central role in working with the client services teams on deliverables and will also help to continue evolving the firm’s operating model through the use of technology. Werner’s 25-year career includes a strong emphasis on developing and enhancing operations to meet client and business challenges for major asset management firms covering alternative investments, including hedge funds, private equity funds and venture capital funds.
In this new position at Ultimus LeverPoint, Werner will lead the firm
Alternative investment platform CAIS has announced that CAIS IQ is supporting independent broker dealers and home offices through its membership and sponsorship of two leading trade associations: the Alternative and Direct Investment Securities Association (ADISA) and Institute for Portfolio Advisors (IPA).
These sponsorships represent CAIS’s commitment to empowering financial advisors with the education they need to allocate to alternative investments.
“We are happy to have CAIS join ADISA as a new member and sponsor as they work to broaden their relationships throughout the broker-dealer community,” says John Harrison, DBA, Executive Director of ADISA. “ADISA prides itself on broadening access to
Alpha FX Group, a provider of FX risk management and alternative banking solutions to corporates and institutions internationally, has launched an alternative banking platform for the alternative investment sector.
As part of this launch, the Group intends to open an office in Luxembourg to show its commitment to the local market, which represents a significant opportunity for the alternative investment banking solution.
This follows a lengthy and highly successful ‘private launch’ of the platform within Alpha’s existing client base. This provided the Group with the time to gather user insights and develop further enhancements as it worked towards launching
The global hedge fund business continues to set, then break, new overall AUM records as investors pour more money into hedge funds and performance gains bolster industry AUM further.
According to the just-released August eVestment Hedge Fund Asset Flows Report, investors added another +USD12.03 billion to hedge funds in August. Year to date (YTD) inflows sit at +USD38.28 billion. That new money coupled with performance gains throughout the year brought the overall hedge fund business to a record USD3.622 trillion AUM last month.
“This year has been a good one for hedge fund AUM growth, and August net flows
PGIM Investments continues to expand its platform of alternative investment solutions with the launch of the PGIM Wadhwani Systematic Absolute Return Fund, a proprietary quantitative and systematic global macro strategy seeking long-term risk-adjusted total return.
This is PGIM Investments’ first PGIM Wadhwani strategy offered as a US mutual fund.
“Investors are facing a challenging market environment where stock market valuations are historically high and bond market yields are historically low. Alternative investment solutions like global macro strategies may offer a compelling way for investors to generate uncorrelated risk-adjusted returns to complement their traditional 60/40 portfolios,” says Stuart Parker, president and
Northern Trust (NTRS) has launched an automated solution for initial margin calculation to help asset manager and asset owner clients comply with global regulations governing trading of over-the-counter (OTC) derivatives.
The solution, made available to clients in advance of a key deadline for implementation of Uncleared Margin Rules (UMR), was developed as part of Northern Trust’s integration of Acadia’s margin management solutions and fully complements Northern Trust’s full suite of collateral and OTC processing capabilities.
“Our integrated global architecture and investments in core technology allowed us to build a unified solution for all collateral clients and is a great example
Options, the leading provider of managed trading infrastructure and connectivity to the global Capital Markets, has opened a new office in Toronto.
As Options continues to increase its client base across Canada, locating in Toronto provides a strong foothold for the company to develop and deepen its support for clients across regional Canadian markets.
To manage Toronto operations, Robert Strawbridge was appointed as the Options’ VP Head of Canada late last year, bringing with him over a decade of experience working with numerous foreign exchange technologies and e-Trading platforms. As a former Scotiabank executive, Robert is well-positioned to support Options
Special Reports
FeatureD
- Insight
