Brazilian hedge fund manager SPX Capital has appointed William Bethlem, a former trader with Goldman Sachs Group, to head up its new Singapore office as part of the firm’s push into Asia, according to a report by Bloomberg. The report cites SPX Capital co-founder Bruno Pandolfi as confirming that Bethlem, who joined SPX last year, will lead the new office which is due to open in February. An exact headcount of for the new offices initial team of Asia-focused researchers and traders has yet to be confirmed. The move into Singapore is the latest initiative in SPX’s drive to internationalise

Equity researchers employed by hedge funds firms are earning around $100k per year more than equivalent employees in the investment banking industry, according to a report by eFinancialCareers.   The report cites the 2022 equities compensation report from recruitment consultancy Dartmouth Partners as revealing that there is a star differential between the compensation packages paid to research staff at investment banks and their hedge fund counrterparts. According to the results of the survey, an equity research analyst in a hedge fund with less than five years of experience earns an average of £218k ($264k), while an associate at a bank

Pictet Asset Management (Pictet AM) continues to strengthen its Fixed Income offering with the recruitment of four private debt specialists. The new Private Debt team is headed by Andreas Klein in London, who joined Pictet AM in early 2022. 

Private funds partner Ajay Pathak has been appointed as the next London co-chair at law firm Goodwin Procter, according to a report by Law.com. The appointment comes as the firm is seeking larger premises to accommodate its expansion in the UK capital. Pathak, who succeeds Paul Lyons who is standing down after a long tenure, will join current co-chair private equity partner Gemma Roberts who took on the role last year.  Pathak joined Goodwin as a partner in the private equity group in 2017 from King & Wood Mallesons, having spent 15 years at KWM, until the firm collapsed in

Eric Lonergan, a macro hedge fund manager at M&G where he has been running over $5 million in assets, is to quit the firm on 1 December after 16 years with the firm, according to a report by Funds Europe. The report cites a LinkedIn post by Lonergan as revealing that he would quit M&G by the end of the year, but the firm later announced he would be giving up his role at the start of next month. Lonnergan, who joined M&G back in 2006, posted on LinkedIn that it was “time for a change”.  Prior to M&G, he

Kingsbarn Capital Management, a multi-disciplinary alternative asset manager focused on delivering niche products that help investors best navigate current market conditions, has appointed Jim Fowler as its Chief Investment Officer.

Euan Fraser, Chief Executive Officer, of Alpha FMC, a global provider of specialist consultancy services to the asset management, wealth management and insurance industries, has notified the Board of his intention to step down on 31 March 2023.  Fraser will remain with the Group as a Strategic Adviser with Luc Baqué, currently Global Head of Asset & Wealth Management Consulting at Alpha, set to succeed hims as Chief Executive Officer with effect from 1 April 2023. Baqué, aged 46, joined Alpha in 2010 to create the Paris Office. He became Head of Europe in 2016 and Global Head of Asset

AXA IM Alts, a specialist in alternative investments with c€184 billion of assets under management, has appointed Lu Gao as head of client group alts Asia. This appointment forms part of the recently announced evolution of AXA IM Alts’ organisation structure into five dedicated business lines to prepare the business for its next stage of growth, and highlights the centrality of the APAC region in achieving these global growth ambitions.