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EX-CANYON CAPITAL PRO LAUNCHES ICE FARM Global macro specialist Michael Green lines up new hedge fund
NEWS
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TAGES CAPITAL ON HUNT FOR GLOBAL MACRO AND SEED DEALS FoHF to search for both Ucits and offshore manager talent
INVESTOR
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EX-SAC MANAGER AMONG NEW HEALTHCARE LAUNCHES Booming healthcare strategy draws two fresh start-ups
L AUNCH
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ISSUE 336 10 April 2014
SERVICE PROVIDER AWARDS SEE THE FULL LIST OF HFMWEEK’S WINNERS FEATURE
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Barclays quant trio spins out from nQuant unit Team behind latest bank spinout worked together at Lehman Brothers BY ELANA MARGULIES
A TRIO OF NEW YORKbased quants employed by Barclays is spinning out from nQuant, a systematic proprietary trading group owned by the global bank, HFMWeek has learned. In the latest planned bank spinout, portfolio managers Max Fortin and Olivier Durantel will run investments for the new hedge fund venture, with their current Barclays colleague David Jack designated to take the COO role. The team, which also worked together at Lehman Brothers,
is believed to be launching with the support of Barclays, although it is not known if the bank will provide seeding. Barclays declined to comment. A source said the plan was in its early stages, with the new offering’s name and launch date not yet decided, but added that it will deploy the same strategy used by the team at Barclays and continue to build systematic black box trading models. Other staff members are expected to join the trio leaving nQuant, which has offices in the US, Europe and Asia. The most notable recent quant spinout from a bank saw Peter Muller leave Morgan Stanley and launch PDT Partners last year.
HFMWeek charts the growth in direct hedge fund exposure for eight of the world’s leading investment consultants FE ATURE
COMMENT HOW CFTC RE-AUTHORISATION CAN STRENGTHEN MARKETS 14
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FEATURE AWARDS
WINNING WAYS
Service providers who excelled at aiding managers in servicing assets, complying with new regulation or providing them with the tools for a successful launch were recognised at this year’s European HFMWeek Service Provider Awards. Between courses, guests were full of upbeat talk of new ventures and a revitalised London market, while receiving accolades as law firms, admins and prime brokers
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2 Best administrator - under $30bn single manager
Maples Fund Services Presented to Stephen Lewis, director Highly Commended: Apex Fund Services 10 -16 A P R 2014
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3 Best administrator - under $30bn fund of hedge funds
Legis Fund Services Presented to Patricia White, managing director
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4 Best administrator - under $30bn overall
Centaur Fund Services Presented to Karen Malone, managing director
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5 Best administrator - over $30bn single manager
Deutsche Bank Fund Services Presented to Mike Hughes, hedge fund services
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Best administrator - over $30bn fund of hedge funds
BNY Mellon Presented to Dominic Newland, business development, alternative investment services Highly Commended: Citi H F M W E E K . C O M 21
FEATURE AWARDS
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Best administrator - over $30bn overall
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Best administrator - middle office services
Citco Presented to Oliver Scully, managing director
Viteos Fund Services Presented to Ranjan Mishra, vice-president business development EMEA, and Tom Sitter, manager strategic initiatives Europe
Best administrator - Ucits funds
8 Sumi TRUST Global Asset Services Presented to Joost Lobler, head of sales, and Alina Kanygina, business development 9
Best administrator - small and start-up firms
Custom House Fund Services Presented to David Barry, head of sales and business development
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Best administrator - technology
State Street Corporation Presented to Matt Smith, HFMWeek Highly Commended: Northen Trust 22 H F M W E E K . CO M
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Best administrator - reporting services
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Most innovative fund administrator - under $30bn
SS&C GlobeOp Presented to Dave Barlow, managing director
Equinoxe Alternative Investment Services Presented to Stuart Drake, chairman
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Most innovative fund administrator - over $30bn
SEI Presented to Dan Petrovic, business development director - London Highly Commended: J.P. Morgan
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Best administrator - under $30bn client service
Maitland Presented to Kavitha Ramachandran, senior manager, client services
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Best administrator - over $30bn client service
Quintillion Presented to Ken Somerville, head of business development
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Best audit services
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Best risk management technology provider
KPMG Presented to Brian Clavin, partner
HedgeGuard Financial Software Presented to Imad Ward, founder and CEO Highly Commended: ConceptOne
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Best portfolio management software provider
Linedata Presented to Darren Draper, hedge fund consultant
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Best advisory firm - regulation and compliance
Kinetic Partners Presented to John Griffiths, member Highly Commended: Robert Quinn Consulting
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Best advisory firm - innovation
Cordium Presented to Louise Yates, marketing and communications director
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Best overall advisory firm
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Best PR firm
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Best outsourced tech infrastructure provider
Ernst & Young Presented to James Thorogood, director Highly Commended: Laven Partners
Peregrine Presented to Max Hilton, senior consultant Highly Commended: JPES Partners
netConsult Presented to Laura Zverko, marketing director and David Mansfield, commercial director
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Best technology - reporting software
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Best technology - fund accounting
Eze Software Group Presented to Simon Clark, OMS - director, consulting EMEA
Advent Software Presented to Hanaa Bengtsson, senior relationship manager, UK & Ireland
10 -16 A P R 2014