All news

Handshake

Jefferies expands equity capital markets group

Securities and investment banking firm Jefferies has appointed Kamlesh Bhatia as a managing director responsible for private placement origination within the firm’s equity capital markets group. »

Asia

Piper Jaffray expands Asia investment banking with hire of K.B. Teo

Piper Jaffray has appointed K.B. Teo as head of technology, media and telecommunications and clean technology in Asia. »

US flag

American Independence Funds selects UMB Fund Services

UMB Fund Services has been selected to provide mutual fund accounting, administration and tax services to the American Independence Funds. »

Philip Hampden-Smith, executive vice president and general manager, South East Asia operations of Manulife

Manulife and Kotak Mahindra form fund management partnership in Asia

Manulife Asset Management (Hong Kong) and Kotak Mahindra (UK) have agreed to collaborate on fund management and distribution opportunities in Asia. »

People shaking hands

Lincoln Singleton joins Evercore private funds group

Investment banking firm Evercore Partners has appointed Lincoln C. Singleton as a managing director in the firm’s private funds group. »

Nigel Strachan, Ed Devonport, Jersey Funds Association

New heads for Jersey Funds Association

Nigel Strachan, Head of New Business for corporate clients at Kleinwort Benson (pictured above left), has been appointed Chairman of the Jersey Funds Association and Edward Devenport (pictured above right), partner at Mourant Ozannes, takes on the role of Vice Chairman. »

Retirement

Natixis appoints Matt Coldren to head retirement strategy group

Natixis Global Associates has appointed Matt Coldren, executive vice president, to head its retirement strategy group. »

UK map

RBC Global Asset Management expands emerging markets team in the UK

RBC Global Asset Management, a provider of investment management services and solutions, has hired Guido Giammattei for its London-based emerging markets equity team. »

Ying White, Akin Gump

Akin Gump promotes Beijing’s Ying White to partner

Law firm Akin Gump Strauss Hauer & Feld has promoted Ying Z. White to partner.  »

Fire

Oklahoma selects Fred Alger for large cap mandate

Fred Alger Management has been awarded a large cap separate account mandate by Oklahoma Firefighters Pension and Retirement System, using Alger’s Capital Appreciation strategy. »

Hong Kong

Advisory and fund placement firm Diamond Dragon Advisors is launched

Regional fund placement veteran Ed Greene has established Diamond Dragon Advisors as the first independent general partner advisory and fund placement firm headquartered in Asia with global distribution and product sourcing capability in the alternative assets space. »

Stack of money

Renewed anticipation of dollar weakness shapes fund flows

Against a backdrop of disappointing US employment, manufacturing and housing markets data, investors steered their cash into emerging markets funds during early August as they sought protection from the dollar weakness they believe will follow. »

Handshake

Amanda Black appointed portfolio manager/security analyst at Turner

Amanda E. Black has joined Turner Investment Partners as a portfolio manager/security analyst. »

New York

Global Thematic Partners launches with USD9bn under management

Global Thematic Partners, an independent investment management firm that focuses on worldwide thematic investments, has launched with approximately USD9bn in assets under management. »

John Kim, New York Life

John Kim named chief investment officer of New York Life

New York Life’s executive vice president John Y. Kim will add the post of chief investment officer to his other duties at the end of 2010. »

Michael Fazio, managing director and head of Houlihan Lokey’s portfolio valuation and advisory services

Houlihan Lokey acquires Red Pine Advisors

Investment bank Houlihan Lokey has acquired Red Pine Advisors, a New York-based financial advisory firm that specialises in the valuation and pricing of illiquid structured product portfolios. »

Andrew W. Lo

Natixis ASG Managed Futures Strategy Fund is launched

Natixis Global Associates has launched a managed futures mutual fund to be managed by AlphaSimplex Group, the Natixis ASG Managed Futures Strategy Fund. »

Ruth Lea, economic adviser to Arbuthnot Banking Group

Weak bank lending constrained by demand factors not just supply

Weak bank lending is being caused by availability factors and tight credit availability remains, but muted demand is also playing a significant role, according to a report by Ruth Lea, economic adviser to Arbuthnot Banking Group. »

Ryan Hughes, senior fund manager, Skandia Investment Group

Equities to outperform in the coming months, says Skandia

Skandia Investment Group expects equities to outperform other asset classes in the coming months as fears of a sovereign bank crisis fade. »

Confusion

Investors seek their bearings in fast-changing US fixed income markets

The stampede of investors and dealers into highly liquid rates products during and in the immediate aftermath of the global credit crisis dramatically altered the composition of US fixed income markets. »