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BGC appoints regional head of e-commerce for Asia Pacific

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

Mutual funds

American Beacon launches small cap equity fund

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. »

Money and calculator

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

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. »

Steel

Trading in steel futures on London Metal Exchange sets new record

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. »

Handshake

Frontier Capital promotes Andrew Cracknell to head of intermediary business

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

Joe Truelove, head of Channel Islands business development for corporate clients at Kleinwort Benson

Kleinwort Benson to administer USD150m Prosperity fund

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

Emmanuel Roman, Man

Emmanuel Roman to become chief operating officer of Man

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

Meeting

Global equity manager Javelin Capital is launched

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

Jitesh Gadhia, Blackstone Advisory Partners

Jitesh Gadhia joins Blackstone Advisory Partners

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

Tulips

Northern Trust appoints Wim van Ooijen to lead Dutch business

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. »

Investor confidence graph

Investor confidence falls by 4.4 points in August

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. »

Julie Bouhuys, founder and chief executive of Concerto

Concerto wins EUR60m mandate from Goodhart

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. »

Mike Zelouf, director of international business at Western Asset

GDP to slow towards equilibrium growth rates in next six months

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. »

Man with laptop

Kneip acquires fund reporting company Co-Link

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. »

Peter Lindgren, Amundi

Amundi appoints Peter Lindgren for Nordic countries

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

Birthday cake

SL celebrates second anniversary of Life Plus fund

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. »

Asia

Union Bancaire Privée strengthens its presence in Asia

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

Singapore

Eze Castle Integration expands to Singapore and Geneva

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

Ryan Hughes, senior fund manager at Skandia Investment Group

Skandia appoints Henderson to UK Strategic Best Ideas

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

Patrick Sayer, chairman of the executive board, Eurazeo

Eurazeo returns to growth in first half

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. »