People
Many Hedge Funds historically have used futures to gain exposure to indices, but this may be set to change, according to research by exchange traded fund (ETF) provider Source.
The overall costs of ETFs have been trending lower, making them more competitive compared to futures based on the same underlying indices, especially when considering the additional costs of ‘rolling’ futures at each expiry period. Three of the six indices that Source regularly monitors had more expensive futures rolls in the December 2015 expiry period compared to the relevant Source ETFs. This was in spite of asset managers reducing their net
Aston Hill Asset Management has appointed Manitou Investment Management as exclusive sub-advisor to two closed end funds, the Aston Hill VIP Income Fund and the Aston Hill Advantage VIP Income Fund., effective 1 May, 2016,
“The appointment of Manitou to these additional mandates underlines the importance of the partnership and our confidence in their investment process. Their disciplined approach is a perfect fit for these two mandates." says Aston Hill CEO James Werry. "The Manitou investment team has an extremely strong track record built on behalf of their high net worth and institutional clients. Being able to bring this kind
SS&C Technologies Holdings has been appointed by Nicola Wealth Management (NWM) to provide a range of fund administration services for nearly USD4 billion in assets under management (AUM).
NWM has grown to be one of Canada’s leading independent wealth management firms with close to USD4 billion AUM and over 130 employees in four locations across Canada, including Vancouver and Toronto. SS&C will provide NWM with a full range of administration services including fund accounting and investor services. NWM will benefit from SS&C’s expertise and service, while its technology platform will support NWM’s 15 funds and 4 limited partnerships.
"Working
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Daniel Trentacosta as Sales Director.
Trentacosta will play a key role in driving business development in North America for MUFG Investor Services’ asset servicing solutions across hedge funds, fund of funds and private equity/real estate funds. These solutions include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services. He will report to John Sergides, Managing Director, Global Head of Business Development & Marketing, in New York.
Trentacosta joins from Och-Ziff Capital Management Group, where he was
GAM, the independent, active investment manager, has appointed Tony Morton to its UK regional distribution team as a Client Manager.
Morton will be responsible for promoting GAM’s product range, including its single strategy funds and the GAM Model Portfolio Service to advisers and discretionary managers in the North West.
Prior to joining GAM, Morton was a regional sales manager at Coram Asset Management, covering the IFA and discretionary wholesale market in the North. Tony has previously worked for Premier Asset Management and Fidelity Investments in business development roles.
Morton will report to Douglas Branson (pictured), Head of UK Regional Distribution,
Law firm Seward & Kissel has appointed Ivy Wafford Duke as Counsel in the Investment Management Practice Group based in the firm’s Washington DC office.
Duke has more than two decades of in-house experience in the investment management sector. Most recently, she served as Vice President and Acting General Counsel for Calvert Investments, Inc. In that role, Duke was responsible for overseeing all legal and regulatory matters affecting the affiliated SEC registered investment adviser, broker-dealer, and the Calvert mutual funds.
“Ivy’s extensive in-house experience, particularly her unparalleled knowledge of 1940 Act matters, makes her a valuable addition to the
BNY Mellon has been appointed by Winterflood Securities to provide US DTCC and Canadian securities clearing and custody services.
BNY Mellon Broker-Dealer Services will provide clearing and settlement services, operating as a direct participant in the US and through a single sub-custodian in Canada. Winterflood Securities will benefit from BNY Mellon’s enhanced clearing solution, which permits earlier transmission of client orders to the North American market, allowing for realignment of collateral should it be required.
Simon Rafferty, Chief Operating Officer at Winterflood Securities, says: “BNY Mellon impressed us with its experience and knowledge of the North American securities market and
bfinance, the independent investment consultancy, has appointed Mark Brownlie as Chief Financial Officer (CFO), bringing more than 15 years’ experience of accelerating growth and increasing enterprise value for businesses across the financial services, tech and media sectors.
The appointment of a dedicated CFO reflects bfinance’s strong growth in recent years, both in the UK and internationally and the broadening scope of the markets the consultancy covers and the services it provides. Strengthening the finance function will help anchor the firm’s expansion and provide more detailed financial insights and analysis to guide the consultancy’s expansion strategy.
As a finance professional,
Datawatch Corporation has reached an agreement with Potrero Capital Research whereby Charles Gillman, Executive Managing Director of the IDWR Multi-Family Office has been appointed to the Datawatch Board of Directors, effective immediately.
Gillman will fill a vacancy created by the resignation of Dr Terry Potter who will step down due to other commitments. Gillman will join the Corporate Governance and Nominating Committee and the Compensation and Stock Committee.
Richard de J Osborne, Chairman of the Datawatch Board of Directors, says: “Datawatch believes the addition of Mr Gillman will bring a fresh perspective and valuable experience to the board. On
Options has appointed Jon Lambert as the firm’s new Chief Financial Officer (CFO).
Lambert, who previously served as CFO for both TIBCO and Wombat Financial Software, brings with him over 25 years of corporate finance and operational experience within the infrastructure technology and financial services sector.
Options CEO and Founder, Nigel Kneafsey, says, “We are thrilled to have Jon join Options’ executive team. His knowledge and experience of corporate finance as it relates to financial services and IT infrastructure will be invaluable as we execute on our strategic goals for 2016."
