West Palm Beach (HedgeCo.net) - NorthPoint Trading Partners, LLC has opened a new office in Chicago, IL., with 12 year industry veteran, Michael Ferro, as head. Ferro has held positions at Genworth Financial, Knight Capital Markets, and X-Change Financial Access. He is experienced in both the trading and operations aspects of the buy and sell side, the company said.

“As we continue to expand our presence nationwide, we are very fortunate to have someone with Michael’s talent and experience join our team,” says Douglas Nelson, Chief Executive Officer of NorthPoint Trading Partners, LLC. Atlanta based NorthPoint opened also opened an office in Connecticut earlier in the year.

NorthPoint is an institutional brokerage and fund services company working with small and medium sized hedge funds.

West Palm Beach (HedgeCo.net) - European hedge fund manager, NB Private Equity Partners (NBPE), and a new fund launched by Altus, ‘Altus Resource Capital,’ have been accepted by The London Stock Exchange into the The Specialist Fund Market (SFM).

As an EU Regulated Market, SFM is designed to offer access for specialist investment vehicles targeting institutional, professional and highly knowledgeable investors. It’s admission standards offer sufficient flexibility for single strategy hedge funds, private equity funds and other alternative strategies and structures. The market is open to both UK and international issuers.

"We are delighted to welcome two new funds to the Specialist Fund Market today. Altus Resource Capital demonstrates that despite the wider economic climate, London’s investors continue to be responsive to new investment opportunities, (Altus recently raised GBP26 million ($43 million) for the launch)." Tracey Pierce, Head of Equity Primary Markets at London Stock Exchange Group, said, "NB Private Equity Partners’ decision to join highlights some of the London markets’ other key strengths: the enhanced liquidity and increased investor profile that they offer to issuers on an ongoing basis."

"We are very pleased to launch Altus Resource Capital (ARC) on the Specialist Fund Market today." Marc Gordon, partner at Nimrod Capital LLP, placing agents for Altus Resource Capital, commented, "This is our second successful fundraising within 12 months on the London market. The Specialist Fund Market has provided the flexibility to bring the new fund to the attention of leading asset managers and to attract interest even in these difficult times."

Since the start of 2008, a number of specialist funds have taken advantage of new opportunities to access London-based investors through the London Stock Exchange’s Main Market and Specialist Fund Market, including: Boussard and Gauvaudan Holdings, BH Global, Castle Alternative Invest, FRM Diversified Alpha, Marwyn Value, and MW Tops. They benefit from the deepest liquidity available to publicly quoted alternative investment vehicles.

Alex Akesson
Email: alex@hedgeco.net

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