Hedge funds posted gains in April as regional equity and currency markets across China, Russia, Brazil and the Middle East posted sharp gains. Volume surged on the Shanghai/Hong Kong Connect program to a daily record driving Chinese A-shares to a gain of over 18 per cent for the month. The HFRI Fund Weighted Composite Index®… Continue Reading
Duet appoints Fugmann and Lees as co-CIOs of natural resources long/short equity fund
Duet Group, a USD5.5 billion global alternative asset manager, has appointed Ulrik Fugmann and Edward Lees has senior managing directors and Co-Chief Investment Officers of Duet Natural Resources. Fugmann and Lees, the founders of North Shore Partners, are integrating their strategy and business into Duet, adding to the group’s strong commodities and emerging market franchise.… Continue Reading
Asia Frontier Capital Newsletter – Country Report: Saudi Arabia
This month’s country report profiles the Kingdom of Saudi Arabia (KSA). While Asia Frontier Capital does not currently invest in Saudi Arabia, we are always evaluating frontier markets that may possibly hold investment potential. For example, Nepal and Bhutan are both in our fund’s investment universe, although we cannot currently invest in either country. Iran… Continue Reading
Guest Comment: Dubai, the Brits’ place in the sun
By Azam Butt, Editor at Bayut.com, a Dubai-based real estate portal. Dubai has been constantly cementing its position as a global investment magnet, courtesy of the its thriving hospitality, tourism and real estate sectors. Continue Reading
Head of EMEA Business Development – Asset Manager – London
Our client is a well-established institutional investment management firm ($10bn+ in AUM) specializing in fixed income and currency risk management. They are looking to add a Director of Business Development to their London office. This exciting and newly created role will support the firm’s growth and expansion in the EMEA region. Reporting to the Global… Continue Reading
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SkyBridge Capital Opens Office In Seoul
SkyBridge Capital, a global alternative investment firm with approximately $13 billion in assets under management and advisement, has opened an office in Seoul, South Korea. Michelle Cha, who has more than 10 years of industry experience including roles in sales, marketing, global investment and research from various financial institutions, has joined as a vice president… Continue Reading
Lamudi says Pakistan emerging markets leader for eco-friendly homes
Pakistan leads the emerging markets for eco-friendly and energy-efficient homes, while Bangladesh is the emerging market country with the most environmentally-friendly commercial property, a study by global real estate portal Lamudi shows. Continue Reading
Lombard Odier: Oil, other commodities to stay cheap for quite a while
By Andrei Skvarsky. Swiss bank Lombard Odier’s chief economist argues that low prices for oil and other commodities are here to stay. Continue Reading
New Ukraine – Investment Conference – May 13-15th 2015
Empire State Capital Partners, along with its trusted partners and co-sponsors, is pleased to invite you to our annual investment conference, “New Ukraine 2015”, to be held in Kyiv, Ukraine on May 13-15th, 2015 at NSC Olimpiyskiy. Government officials, local business leaders and globally-renowned speakers will take part at the event. The conference will address… Continue Reading
MNI Indicators: Consumer sentiment in Russia at record low
By Andrei Skvarsky. MNI Indicators, an intelligence unit of Deutsche Boerse, says consumer sentiment in Russia hit its lowest point last month since the firm launched its monthly surveys of it in March 2013. Continue Reading
Emerging Markets Equity Portfolio Manager – London
Our client is a well-established Alternative Investment Management firm which invests across different asset classes and markets. Currently they are looking for an experienced Emerging Markets Equities Portfolio Manager to join their London office and spearhead a new fund launch. The current AUM across the firm is in excess of $5bn. The successful candidate will… Continue Reading
Asia Frontier Capital Newsletter – Country Report: Iraq
AFC Country Report: Iraq – The post conflict opportunity To mark the upcoming launch of the AFC Iraq Fund and to follow up on our recent in-depth coverage of Iraq in our previous newsletter (click here), this month we will be covering the post-conflict opportunity of Iraq. Country snapshots for all of AFC’s markets can… Continue Reading
Lamudi says Dhaka has emerging markets’ cheapest office space
Global online real estate trading platform Lamudi has named the capital city of Bangladesh as the most affordable location in the emerging markets to buy commercial property. Continue Reading
Corporate Credit Research Analyst (LatAm) – New York
We are looking to source a LatAm Corporate Credit Investment Analyst for a highly reputable global asset manager’s New York based team. This fund invests across a range of Emerging Markets including leveraged finance, structured bank loans, mezzanine, high-yield, credit derivatives, investment grade and structured finance and utilise bottom-up approach across all of their offerings.… Continue Reading
Catterton Nabs Eton Park Team for New LATAM Fund
Private equity firm Catterton has hired several Eton Park associates to form its first Latin America fund. Former Eton Park executives Dirk Donath and Ricardo Salmon are joining Catterton along with several team members from Eton Park, according to media reports. Donath, who joined Eton Park in 2005 and has extensive experience with illiquid emerging… Continue Reading
Motilal Oswal Asset Management Launches India Zen Fund
Motilal Oswal Asset Management Company (MOAMC) has launched an offshore hedge fund through its Mauritius-based investment management company. The long-only-bottoms-up fund, called India Zen Fund, hopes to raise $100 million by December 2015. The fund will specialize in investing in Indian mid-cap securities with a private equity-style diligence approach, the company said in a statement.… Continue Reading
Sberbank: Russians slightly more upbeat about economy but thriftier
By Andrei Skvarsky. Surveys by Sberbank, Russia’s biggest lender, suggest that the average Russian was slightly more optimistic about the country’s overall economic situation but thriftier in the first quarter of 2015 than in the last three months of 2014. Continue Reading
IronFX: Greece’s payment to IMF, domestic spending threaten new recession
Cyprus-based foreign exchange trader IronFX warns that Greece’s promised debt payment to the International Monetary Fund on April 9 and domestic social spending planned for this month may send the country’s economy back into recession. Continue Reading
Equity Research Analyst – Buyside
Looking to source a bright and analytical equity research analyst for our tier 1 hedge fund client. The ideal candidate will have an excellent academic background and strong modelling experience, preferably with up to 3 years’ experience. There is a leaning towards those that have exposure to any of the following sectors: Industrials Automobiles Chemicals… Continue Reading
Lamudi says US main foreign investor in Pakistan’s upturning property market
By Andrei Skvarsky. With its macroeconomics showing an upturn, Pakistan’s real estate sector is arousing increasing interest abroad, with the United States topping the list of foreign investors, according to global property portal Lamudi. Continue Reading
GUEST COMMENT: Sanctions or no sanctions, Russian markets are rallying
By Jerome Booth, Chairman, New Sparta. It’s generally a good idea to buy cheap and sell high, not the other way round. On any fundamental value basis the Russian market is oversold – not least due to the relentlessly negative headlines in the Western press. Of course one shouldn’t try to catch falling knives. But… Continue Reading
Soros Ready To Invest $1B In Ukraine If West Helps
(Reuters) – George Soros is ready to invest $1 billion in Ukraine if Western countries help private investment there, and sees a 1 in 3 chance Greece will leave the euro, the billionaire financier told Austrian newspaper Der Standard. Soros has previously urged the West to step up aid to Ukraine, outlining steps toward a $50… Continue Reading
Hong Kong Hedge Funds Reach Record AUM
A new survey by the Hong Kong Securities and Futures Commission (SFC) shows that hedge funds there have amassed a record $120.9 billion in assets under management, eclipsing 2008’s prior peak of $90.1 billion. The report shows that as of the start of the fourth quarter of 2014, SFC-licensed managers indicated a growth in AUM… Continue Reading
MCAM Group appoints James Han as MD for Asia
Prior to joining MCAM, Han was Group Head of Private Placement Services at KTB Investment & Securities, one of South Korea’s largest independent investment banking and brokerage firms. Before that, he was a founding partner at Straight Wharf Capital Management, an Asian equity long/short hedge fund seeded by Julian Robertson’s Tiger Fund Management. Han’s career… Continue Reading
Carlyle Group Buys Sterling Resources’ Romanian Gas Fields
Carlyle International Energy Partners (CIEP) announced plans to purchase Sterling Resources’ Romanian gas fields. The news comes just a few days after the private equity fund announced it had raised $2.5 billion to purchase global energy assets. With the slump in oil prices hammering Sterling’s revenue streams, the deal allowed Carlyle to snap up at… Continue Reading
Northern Trust Promotes Burnett to Head of EMEA Hedge Fund Services
Northern Trust’s fast-growing hedge fund administration business has promoted David Burnett to head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa (EMEA). Based in London, Burnett will lead Northern Trust Hedge Fund Services in EMEA, reporting to Peter Sanchez, global head of Northern Trust Hedge Fund Services, according to a press… Continue Reading
Real Estate Investment Analyst – Investment Management firm – London
Our client is a leading global investment fund with an established real estate business. They are looking to hire an Analyst for their Special Situations Real Estate team in London. The fund has a flexible investment mandate to invest across the capital structure, both within UK & Europe, and has significant capital ready to deploy.… Continue Reading
Marshall Wace has hired Citi’s ex-head of hedge fund trading
The former head of EMEA hedge fund trading at Citigroup, who left the bank to head up Evercore ISI’s European trading business in the summer of last year, has re-emerged at Marshall Wace. Charlie Mansour joined Marshall Wace earlier this month according to filings with the Financial Conduct Authority (FCA) after just five months at… Continue Reading