New York-based Lion’s Path Capital was set up to incubate long/short hedge funds, and has already seeded 11 with as much as $10 million apiece.

BNP Paribas is bolstering its capital introduction efforts in North America with a new hire and a new capital introduction chief in Texas.

Citigroup portfolio trader Dan Clarke is set to join Nomura in a similar capacity.

The new appointments are headlined by the additions of Simon Ng as chief operating office for Citi’s Hong Kong futures group and Dagmar Baeuerle to its consultancy services.

JPMorgan Chase has replaced Sanjiv Sawhney, last month named head of global fund services at Citigroup, as head of its Luxembourg custodial office.

FinLab, the sole provider of PackHedge, has released its latest version of software which contains new tools for customizing hedge fund research and portfolio management tasks.

Fund administrator Daiwa Securities Global Asset Services has unveiled a new service that will provide authorized corporate director services (ACD) to UK-domiciled hedge funds.

The head of Morgan Stanley’s global hedge fund practice has left the firm.

Hedge fund technology provider Eze Castle Integration has rehired Timothy Kennedy as vice president of North American sales.

Prime brokerage firm NorthPoint Trading Partners and its new owner, ConvergEx Group, have rolled out an integrated prime services business.