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IAI Review.org » Archive for September 2010

FOREX MORNING COMMENT

FOREX MORNING COMMENT

The US dollar suffered a double whammy of bad news yesterday when September consumer confidence data posted its worst reading since February coming in at 48.5, against an expectation of 52.5. With the Richmond Fed index for September also disappointing, pushing into negative territory with a reading of -2 against an expectation of 6, investors piled out of the US dollar sending gold to new all time highs, but perversely also sent equities higher as … Read more »

It is in : Alternative Investments, FOREX, CFD, and Financial Spreadbetting

Barclays Wealth appoints investment representatives in New York and Philadelphia

Barclays Wealth appoints investment representatives in New York and Philadelphia

Barclays Wealth has appointed three teams of investment representatives in its New York and Philadelphia branch offices, as the firm continues its regional growth. “The addition of these very high calibre teams demonstrates that the significant global investment we’re making in our business continues to be a magnet for top performing advisors in the Americas,” says Mitch Cox, head of Barclays Wealth, Americas, and head of research and investments globally for the firm. In New York, … Read more »

It is in : Alternative Investments, Job & Careers

Ignis hires Mark Lovett as chief investment officer – equities

Ignis hires Mark Lovett as chief investment officer – equities

Ignis Asset Management has nominated Mark Lovett as chief investment officer – equities. Lovett will join Ignis on 4 October and will be responsible for overseeing more than GBP10bn of institutional and retail equity assets across Ignis’ proprietary fund range. Most recently Lovett was chief investment officer UK and European equities in London for Allianz RCM. He was also chairman of the Allianz RCM asset allocation committee in London and a board member of the London … Read more »

It is in : Alternative Investments, Job & Careers

Blackstone and Patria create partnership in Brazil

Blackstone and Patria create partnership in Brazil

The Blackstone Group and Patria, a Brazilian alternative asset manager, have formed a partnership in which Blackstone would purchase a 40 per cent stake in Patria and the two firms would agree to cooperate in building their businesses in Brazil and throughout South America. Stephen A. Schwarzman, chairman and chief executive of Blackstone, says: “We have known and respected Patria, whose business parallels ours in so many respects, for over ten years. Brazil is the … Read more »

It is in : Alternative Investments, Job & Careers

Apex Fund Services inaugurates office in Toronto

Apex Fund Services inaugurates office in Toronto

Apex Fund Services is developing its North American fund administration services and client base with the opening of its Canada office in Toronto. Apex Fund Services (Canada) will be managed and run by Alex Chapman. He was formerly vice president and part-owner of Commonwealth Fund Services, the successor to Mintz Fund Services that he created and managed. Prior to this Chapman worked in Monaco managing a small offshore fund administration company. Chapman was involved in advising both … Read more »

It is in : Alternative Investments, Job & Careers