Global Fund Wire

BGC appoints regional head of e-commerce for Asia Pacific

Emily.perryman — Thu, 02 Sep 2010 15:01:34 GMT

BGC Partners, an intermediary to the wholesale financial markets, has appointed Vanessa Ko as director, regional head of e-commerce for Asia Pacific.

Article Tag:

BGC Partners, Vanessa Ko, Norliza Kamardin, Asia

American Beacon launches small cap equity fund

Emily.perryman — Thu, 02 Sep 2010 13:17:36 GMT

American Beacon Advisors, a provider of investment advisory services to institutional and retail markets, has added the American Beacon Evercore Small Cap Equity Fund to its family of mutual funds.

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American Beacon Evercore Small Cap Equity Fund

John DelPonti joins Navigant’s valuation and financial risk management practice

Emily.perryman — Thu, 02 Sep 2010 11:04:34 GMT

John DelPonti has joined the valuation and financial risk management practice of Navigant Capital Advisors, a wholly owned subsidiary of Navigant Consulting, as a managing director in the Washington, DC office.

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John DelPonti, Navigant Capital Advisors, valuation and financial risk management practice

Trading in steel futures on London Metal Exchange sets new record

Emily.perryman — Thu, 02 Sep 2010 10:56:34 GMT

Trading in steel futures on the London Metal Exchange hit another record level in August, with 24,853 lots traded, equivalent to more than 1.6 million tonnes of material.

Article Tag:

London Metal Exchange, steel

Frontier Capital promotes Andrew Cracknell to head of intermediary business

Emily.perryman — Thu, 02 Sep 2010 09:25:34 GMT

Frontier Capital Management, an investment management company that combines both traditional and alternative asset classes, has promoted Andrew Cracknell to head of intermediary business.

Article Tag:

Frontier Capital Management, Andrew Cracknell, Alex Gaitan, Nahed Ennasr

Kleinwort Benson to administer USD150m Prosperity fund

Emily.perryman — Thu, 02 Sep 2010 09:19:34 GMT

Kleinwort Benson has been appointed fund administrator to a Guernsey domiciled fund with a launch value of USD150m.

Article Tag:

Kleinwort Benson, Guernsey, Prosperity Quest II Unlisted, Russia

Emmanuel Roman to become chief operating officer of Man

Emily.perryman — Thu, 02 Sep 2010 05:16:48 GMT

Emmanuel Roman will assume the newly created role of chief operating officer of Man following the company’s acquisition of GLG Partners.

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Emmanuel Roman, Man, GLG

Global equity manager Javelin Capital is launched

Emily.perryman — Thu, 02 Sep 2010 05:09:48 GMT

Javelin Capital, an asset manager specialising in global equities, has launched.

Article Tag:

Javelin Capital, Majedie Investments

Jitesh Gadhia joins Blackstone Advisory Partners

Emily.perryman — Wed, 01 Sep 2010 15:13:48 GMT

The Blackstone Group has appointed Jitesh Gadhia as a senior managing director in Blackstone Advisory Partners.

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Jitesh Gadhia, Blackstone Advisory Partners, London

Northern Trust appoints Wim van Ooijen to lead Dutch business

Emily.perryman — Wed, 01 Sep 2010 13:34:48 GMT

Northern Trust has appointed Wim van Ooijen as country head for The Netherlands, succeeding Eric Pouwels, who has been named director of strategic development for Europe, Middle East and Africa.

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Wim van Ooijen, Northern Trust, The Netherlands

Investor confidence falls by 4.4 points in August

Emily.perryman — Wed, 01 Sep 2010 11:30:48 GMT

Investor confidence fell by 4.4 points in August from July’s revised reading of 96.5 to 92.1, according to the State Street Investor Confidence Index.

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State Street Investor Confidence Index, August

Concerto wins EUR60m mandate from Goodhart

Emily.perryman — Wed, 01 Sep 2010 09:32:48 GMT

Concerto Asset Management, a manager of US corporate credit based in Charlotte, North Carolina, has received a EUR60m credit alpha absolute return mandate from Goodhart Partners, a multi-manager business based in London.

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Concerto Asset Management, Goodhart Partners, Target Return Fund

GDP to slow towards equilibrium growth rates in next six months

Emily.perryman — Wed, 01 Sep 2010 06:18:28 GMT

Fixed income manager Western Asset expects global gross domestic product growth to slow toward equilibrium growth rates in the next six months as inventory restocking cycle concludes and fiscal stimulus fades.

Article Tag:

Western Asset, gross domestic product growth, Mike Zelouf

Kneip acquires fund reporting company Co-Link

Emily.perryman — Wed, 01 Sep 2010 06:07:28 GMT

Kneip, an independent service provider to the asset management industry, has acquired Co-Link, a specialist in fund reporting technology and services for investment funds.

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Kneip, Co-Link

Amundi appoints Peter Lindgren for Nordic countries

Emily.perryman — Wed, 01 Sep 2010 05:08:28 GMT

Amundi has appointed Peter Lindgren as deputy general manager at Amundi Nordic Countries.

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Peter Lindgren, Amundi Nordic Countries

SL celebrates second anniversary of Life Plus fund

Emily.perryman — Tue, 31 Aug 2010 15:44:28 GMT

SL Investment Management, one of the UK’s largest full service life settlement product providers, is celebrating the second anniversary of its flagship Life Plus Life Settlement Fund.

Article Tag:

SL Investment Management, Life Plus Life Settlement Fund

Union Bancaire Privée strengthens its presence in Asia

Emily.perryman — Tue, 31 Aug 2010 15:10:28 GMT

Union Bancaire Privée’s asset management division has hired Lawrence Lo as chief executive officer and head of sales for Asia ex Japan.

Article Tag:

Union Bancaire Privée, Lawrence Lo, Asia

Eze Castle Integration expands to Singapore and Geneva

Emily.perryman — Tue, 31 Aug 2010 15:07:28 GMT

Eze Castle Integration, a provider of IT services, technology and consulting to investment management firms, has opened offices in Singapore and Geneva.

Article Tag:

Eze Castle Integration, Singapore, Geneva, Serge Bukhar

Skandia appoints Henderson to UK Strategic Best Ideas

Emily.perryman — Tue, 31 Aug 2010 14:06:28 GMT

Skandia Investment Group has selected Henderson Global Investors to manage a mandate within its UK Strategic Best Ideas Fund.

Article Tag:

Skandia Investment Group, UK Strategic Best Ideas Fund, Henderson Global Investors, Paul Casson

Eurazeo returns to growth in first half

Emily.perryman — Tue, 31 Aug 2010 13:46:28 GMT

Eurazeo has reported group net income of EUR88.5m for the first half of 2010, compared with a loss of EUR120.9m for the first half of 2009.

Article Tag:

Eurazeo, Europcar, Accel, B&B

Schwab to acquire Windward Investment Management

Emily.perryman — Tue, 31 Aug 2010 11:11:28 GMT

Charles Schwab has entered into an agreement to acquire Windward Investment Management for USD150m in stock and cash.

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Charles Schwab, Windward Investment Management

BBVA Compass expands Alabama wealth management team

Emily.perryman — Tue, 31 Aug 2010 10:50:32 GMT

BBVA Compass has named Mark Smith wealth management market executive for Birmingham and Montgomery, Alabama.

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Mark Smith, BBVA Compass, Alabama, Gary Bishop

Northern Trust granted license for Beijing branch office

Emily.perryman — Tue, 31 Aug 2010 10:29:02 GMT

Northern Trust’s application for a branch license in Beijing has been approved by the China Banking Regulatory Commission.

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Northern Trust, Beijing

Harcourt AUM increases to USD4.7bn in first half of 2010

Emily.perryman — Tue, 31 Aug 2010 09:32:28 GMT

Harcourt Investment Consulting, the Switzerland-based alternative investment solutions provider, says assets under management as of 30 June 2010 have reached USD4.7bn, corresponding to a growth of USD200m for the first half of 2010.

Article Tag:

Harcourt Investment Consulting, Vonda Ucits, Belmont Commodity Trading

Twelve Capital spins off from Horizon21

Emily.perryman — Tue, 31 Aug 2010 09:17:28 GMT

Twelve Capital, an investment manager focusing on insurance related investment opportunities, has completed its spin-off from alternative investments manager Horizon21.

Article Tag:

Twelve Capital, Horizon21, Urs Ramseier