Greenwich Associates strengthens global investment practice... [more]Komfie Manalo, Opalesque Asia: Greenwich Associates said it plans to strengthen its Global Investment Management Practice with two key hires and the appointment of new regional heads in Asia and Europe.
Markus Ohlig is returning to Greenwich Associates as a managing director leading the firm’
Citadel hires Morgan Stanley's Lieblich as CTO of the hedge fund business... [more]Bailey McCann, Opalesque New York: Citadel has hired Steven Lieblich as Chief Technology Officer of Citadel’s hedge fund business. Lieblich was most recently Morgan Stanley’s Chief Information Officer. Lieblich will report to Citadel’s Founder and CEO Kenneth C. Griffin, and will join the firm th
Pavilion Financial Corporation to acquire Altius Holdings Ltd.... [more]Pavilion Financial Corporation (Pavilion), a North American based employee-owned, investment services firm, has announced that it plans to acquire Altius Holdings Ltd., the parent company of Altius Associates Ltd. and Altius Associates (Singapore) Pte. Ltd. (Altius Associates), a global private mark
Afkar Capital launches UAE’s first UCITS ETF... [more]From ETFStrategy.co.uk: Abu Dhabi-based asset manager Afkar Capital has launched the first UCITS-compliant exchange-traded fund to list in the Middle East. The Afkar S&P UAE UCITS ETF (UAETF) will list on local stock exchange Dubai Financial Market on Wednesday. The fund tracks the S&P UAE BMI Liqui
Institutional investors overdue for risk management overhaul... [more]From Businessinsurance.com: Institutional risk management practices in regard to investing have barely changed since the 2008 financial collapse and are in need of a serious overhaul, a survey indicates. Allianz Global Investors' survey of 755 institutional investors found that before the global fin
JPMorgan says Japan pensions turn to hedge funds to avoid risks... [more]From Businesstimes.com.sg: Japanese pension funds are turning to alternative assets such as hedge funds, property, infrastructure and private equity as volatility in the market increases, according a JPMorgan Asset Management (Japan) Ltd survey.
Average allocations to alternative assets increa
Comment - Hedge funds' Brexit pain... [more]From Bloomberg.com: Hedge fund managers won't admit it, but they live for the quarter. While some of the bigger firms update clients more often, regular outfits provide an update four times a year, after which investors often decide to redeem their holdings or leave things as is. So it couldn't be m
Legal - U.S. funds file complaint against Iceland over krona haircut... [more]From Bloomberg.com: U.S. funds holding billions in offshore kronur filed a complaint against Iceland for forcing them to accept a currency discount of at least 38 percent on their investments to exit capital controls. The case was filed to the EFTA Surveillance Authority, according to Asdis Olafsdot
Asia - Asian hedge funds seek safe bet by shorting HSBC... [more]FromEJNInsight.com: Hedge funds in Asia are taking what is viewed as a safe bet on Britain’s surprise vote to leave the European Union: by betting that shares of British bank HSBC Holdings plc (00005.HK) will fall, The Wall Street Journal reports.
More than 100 million Hong Kong-listed HSBC sh
People - Asset owners firing funds-of-funds—and hiring their talent... [more]From AI-CIO.com: When bank prop desks shut down en masse following Dodd-Frank, hedge funds feasted on the suddenly available trading talent. Now, funds-of-hedge funds (FoFs) find themselves in a protracted version of the prop desks’ situation. And asset owners—who’ve pulled $165 billion from the sec
…And Finally - The lucky Mr. Gambles... [more]From BizarreNews.com: The Illinois lottery announced a man with the appropriate surname Gambles won the drawing for the second time -- playing the exact same numbers. Larry Gambles, 65, of Matteson, won a $1,050,000 Lucky Day Lotto jackpot prize by matching all five numbers in the June 7 drawing. Ga