Drake Management Opens in Tokyo

Drake Management, a New York-based global macro money manager, has opened its first foreign office in Marunouchi, Tokyo. The office, which Drake is in the process of registering as a Japanese investment advisor, is manned by three senior staff and dedicated primarily to servicing Drake’s clientele across Asia. Drake currently manages over $6 billion. The opening […]
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Leitner Replaces Lehtis at Allston Trading

Mike Leitner has been appointed head of currency trading at Chicago-based proprietary trading company Allston Trading, sources tell Squawkbox. He replaces Erik Lehtis who left the company at the end of December. Allston Trading declines to comment on where Lehtis has moved to.
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Management Buys Currency and FI Fund

Swiss private bank Julius Baer Holding has entered into a buyout transaction with the management of Julius Baer Investments, its UK-based subsidiary that specialises in fixed income and currency asset management. Under the terms of the deal, 90% of the equity of Julius Baer Investments, which will now be called Augustus Asset Managers, has been transferred, subject […]
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RBS Prop Trader Joins C-View

UK-based currency manager C-View, which has more than $600 million under management, has added to its portfolio management team. Jonathan Webb is joining the firm, having last been a member of the FX proprietary trading desk at the Royal Bank of Scotland, which was closed towards the end of last year (see Squawkbox, November 27 […]
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CS Tremont Seeks to Allay Emerging Market Hedge Fund Fears

New research from the Credit Suisse/Tremont group was released last week, highlighting positive trends in emerging markets, but perhaps more pertinently seeking to allay fears expressed in some quarters over hedge fund exposures to emerging markets in general. The research, which is available on the firms’ website, www.hedgeindex.com, compares the changing environment of the emerging […]
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Busier Market Helps JWH to Strong Month

The increased volatility and resumption of the long-awaited dollar downtrend helped CTA John W Henry in November. The long term trend-following firm has released flash estimates of its November performance for its foreign exchange programs which show all three programs having a strong month. The firm’s International Foreign Exchange Program rose 5.95% in November, a […]
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FX Concepts Launches New Fund

New York-based currency manager FX Concepts has launched a new fund, called the Concepts Multi-Strategy Institutional Fund – GBP Shares. The fund has been seeded by Bedfordshire County Council’s pension fund, and is designed for UK local authorities who look to currency as a source of uncorrelated alpha in their portfolios. The firm says the […]
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Hathersage Hires IT Head

Currency manager Hathersage Capital Management has hired a director of information technology. Rob Schmidt has joined with responsibility for the planning, design and implementation of the company’s information infrastructure. Hathersage says he will ensure the timely delivery of IT services throughout the organisation, from market data feeds at the trading desk, to management controls in the […]
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Former Goldman FX Chief Launches Hedge Fund

Peter Gerhard, the former global head of foreign exchange at Goldman Sachs, has launched his first hedge fund at his new company, East Avenue Capital Partners. Gerhard left Goldman in March, after spending 23 years at the bank, to start East Avenue with David Gurwitz and Charles Nenner, both of whom hold executive posts at […]
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MFA Chairman Aaron Elected to Second Term

Industry group, the Managed Funds Association (MFA), has appointed four new directors to its board and re-elected Robert Aaron, chief executive officer at DPM Mellon, as chairman. The appointments were made at MFA’s first meeting of the new term on November 1, in New York. The four new directors, elected by the group’s membership for […]
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