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Deals and Transactions

deals and transactions
Glenn Henderson, CEO of Butterfield Fulcrum,

Red Kite selects Butterfield Fulcrum as fund administrator

Tue, 13/12/2011 - 13:50

Red Kite, a metals-focused fund groups, has selected Butterfield Fulcrum as the firm’s fund administrator. »

Vincent Viola, Chairman and CEO of Virtu Financial, LLC

Virtu Financial acquires NYSE AMEX designated market maker

Tue, 13/12/2011 - 11:35

Virtu Financial has acquired the Designated Market Maker (DMM) business for the New York Stock Exchange (NYSE) and NYSE Amex. Terms of the deal have not been disclosed. »

Tal Cohen, CEO of Chi-X Global

UBS joins Chi-X Global ownership consortium

Wed, 07/12/2011 - 10:00

UBS AG has acquired an equity stake in Chi-X Global Holdings LLC and will join the consortium of five financial institutions that recently bought a minority stake in the firm. »

Closed sign

RCPDirect closes with USD110m in committed capital

Tue, 06/12/2011 - 11:53

RCP Advisors, an independent sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has announced the closing of its first co-investment fund, the USD110 million RCPDirect, LP. »

Orange tick

Wells Fargo completes acquisition of LaCrosse Global Fund Services

Fri, 02/12/2011 - 16:00

Wells Fargo & Company has completed its previously announced acquisition of LaCrosse Global Fund Services (LaCrosse), an independently managed hedge fund administration and middle-office service provider, from Cargill. »

Information sign

LCH.Clearnet completes transfer of MF Global UK client positions

Tue, 29/11/2011 - 16:00

LCH.Clearnet has completed the transfer of over 300 MF Global UK client positions to the clearing member of the client’s choice.  The operation has involved managing client positions across multiple markets including the London Stock Exchange, LIFFE, LME, Nodal, HKMEx, OTC energy, in multiple asset classes including cash equities, commodities, metals, financial and energy derivatives.  »

Dennis Rhee,  co-founder, Treesdale

Goose Hollow Capital Advisors formed to run FX investment strategies

Tue, 22/11/2011 - 11:52

Krishna Kumar, Ade Odunsi and Treesdale Partners have formed Goose Hollow Capital Advisors to run two FX investment strategies, FX Global Income Access and Commodity Producers Currency Access. »

Daniel J Roth, President, NFA

NFA to provide regulatory services to Tullett Prebon's swap execution facility

Fri, 18/11/2011 - 14:21

The National Futures Association (NFA) and Tullett Prebon have entered into an agreement that paves the way for NFA to perform regulatory services for Tullett Prebon's swap execution facility (SEF). »

Ralph Schlosstein,  President and Chief Executive Officer, Evercore

Evercore Partners to purchase a 45 per cent interest in ABS Investment Management

Mon, 14/11/2011 - 17:00

Evercore Partners Inc has agreed to purchase a 45% non-controlling interest in ABS Investment Management, LLC, an institutionally focused equity long/short hedge fund-of-funds manager. Under the terms of the purchase agreement, Evercore will pay approximately USD45 million in cash to the current partners of ABS. »

Boaz Weinstein, credit derivatives trader, Saba Capital Management

Weinstein’s Saba Capital appoints Throgmorton to provide back office services

Mon, 14/11/2011 - 14:51

Saba Capital Management, the USD4.7 billion hedge fund set-up by credit derivatives trader Boaz Weinstein, has appointed Throgmorton to provide a full-range of back-office services for its new UK operations. Saba Capital set up its UK entities in June, and is currently awaiting FSA registration. »

Bob Press, Founding Partner and CIO of Trafalgar Capital Advisors

Trafalgar teams up with Marylebone to launch PreIpo2Ipo fund

Tue, 08/11/2011 - 10:00

Specialist finance and advisory firm Trafalgar Capital Advisors (TCA) has entered into a strategic partnership with Marylebone Fund Management Group to launch the PreIpo2Ipo fund, which will provide bridge financing to innovative organisations seeking listing on small-cap exchanges or listing platforms in the UK, US, Ireland, Germany and Dubai. »

Man speaking through loud hailer

Black Diamond Capital Management, acquires GSC's London team

Mon, 07/11/2011 - 16:00

Effective 17 October, 2011 GSC Group Limited has joined the Black Diamond family of companies and will now operate under the name Black Diamond Capital Management Limited. »

Geoff Cook. chief executive, Jersey Finance

Jersey’s TIEA with India is a welcome development, says Cook

Mon, 07/11/2011 - 06:00

The signing of Jersey’s Tax Information Exchange Agreement (TIEA) with India is a welcome development in the island’s progress in establishing closer commercial ties with the country, according to Jersey Finance chief executive, Geoff Cook. »

Pierre Baudard, Chief Operating Officer of Oddo Asset Management,

Oddo AM appoints BNY Mellon as Fund Administrator and Trustee for new merger arbitrage hedge fund

Wed, 02/11/2011 - 13:03

BNY Mellon has been appointed by Oddo Asset Management (Oddo AM) to provide fund administration and custody services for its new hedge fund, Orsay Merger Arbitrage. »

Handshake with money

Opus acquires San Francisco-based administration business of Agile Hedge Solutions

Fri, 28/10/2011 - 14:00

Opus Fund Services, an independent fund administrator, has acquired the hedge fund administration unit of Agile Hedge Solutions, LLC based in San Francisco. Opus, based in Bermuda and with offices in Chicago and San Francisco, expects the transaction will immediately strengthen its west coast presence. »

orange tick

Phoenix wins fund administration and middle office outsourcing contract with Coppertree Capital Management

Tue, 25/10/2011 - 16:42

Phoenix Fund Services has won the contract to provide the middle office, fund accounting and transfer agency services for the Coppertree Dynamic Fund. »

Robert Caporale, head of new business development – Americas, JP Morgan Worldwide Securities Services

Cerberus appoints JP Morgan as administrator for its investment funds

Fri, 21/10/2011 - 06:00

JP Morgan Worldwide Securities Services today announced that it has been appointed by Cerberus Capital Management, LP, one of the world’s leading private investment firms, to provide fund administration and related securities services for its investment funds with aggregate assets of over USD23 billion.  »

Tal Cohen, CEO of Chi-X Global

Chi-X Global announces new equity investors

Wed, 19/10/2011 - 06:00

Five major financial institutions have taken a minority stake in Chi-X Global Holdings LLC, the holding company for Chi-X market operators Chi-X Canada, Chi-X Japan and Chi-X Australia, which will launch on 31 October, 2011. »

Jeremy Leach, Managing Director of MPL

MPL announces partnership deal with MIDF Amanah Asset Management in Malaysia

Thu, 13/10/2011 - 10:00

International fund manager Managing Partners Limited (MPL) has signed a partnership deal with MIDF Amanah Asset Management Berhad (MIDF Amanah), the asset management arm of Malaysian Industrial Development Finance Berhad (MIDF). »

Jeff Hendren, Co-President of PerTrac

PerTrac and leading Italian hedge fund database, MondoAlternative, join forces

Wed, 12/10/2011 - 14:00

PerTrac has announced an exclusive partnership with MondoAlternative, Italy's largest provider of hedge fund data. »

Bennett Goodman, Senior Managing Director and Co-Founder of GSO

Blackstone’s GSO Capital Partners acquires Harbourmaster Capital

Mon, 10/10/2011 - 10:00

GSO Capital Partners LP (“GSO”), the global credit platform of The Blackstone Group, has acquired Harbourmaster Capital, a leading European leveraged loan manager which manages and advises on approximately EUR8 billion (USD11 billion) of assets. »

John Ions, Chief Executive of Liontrust,

Liontrust completes Occam acquisition

Wed, 05/10/2011 - 14:29

Liontrust Asset Management Plc has completed the acquisition of the fund management business of Occam Asset Management. »

handshake

Dematco announces revenue sharing agreement with hedge fund Quantus Investment Corp

Tue, 04/10/2011 - 12:50

Dematco, Inc a specialist in dematerialising and converting insurance instruments from paper form to electronic form, has announced a 50% revenue sharing agreement with Toronto-based hedge fund manager Quantus Investment Corp. »

Lyndon Trott, Guernsey’s Chief Minister

Guernsey signs TIEA with Slovenia

Tue, 04/10/2011 - 06:00

Guernsey’s commitment to meeting international standards of transparency and exchange of information in tax matters was further underlined last week, with the signing of a Tax Information Exchange Agreement (TIEA) with the Republic of Slovenia. »

Chris Addy,  President and CEO, Castle Hall

Castle Hall Alternatives and Orchard Harbour Asia-Pacific strategic partnership

Thu, 29/09/2011 - 14:00

Castle Hall Alternatives, the hedge fund industry's leading specialist provider of operational due diligence, and Orchard Harbour, an expert provider of due diligence in Australasia and Asia, today announced that they had formed a strategic partnership. »

people sitting at a table in a meeting

LCH.Clearnet enters exclusive discussions with London Stock Exchange

Wed, 28/09/2011 - 16:00

 LCH.Clearnet Group Limited confirms that it has entered into exclusive discussions with London Stock Exchange Group plc regarding a possible transaction. »

Scott Welch, Co-Founder and Senior Managing Director of Investment Research & Strategy at Fortigent

Fortigent selects IndexIQ for UMA's Alternative Investment Solution

Wed, 28/09/2011 - 12:32

Fortigent, a provider of outsourced wealth management solutions for financial advisors and institutions targeting high net worth clients, has selected IndexIQ's IQ Hedge Multi-Strategy SMA Portfolio as an Alternative Investment solution for the firm's Access Overlay customisable UMA program. »

Mauro Dognini, Managing Director of RBC Dexia Italy

RBC Dexia expands footprint in Italy with new client Tages Capital SGR

Mon, 26/09/2011 - 06:00

RBC Dexia Investor Services has won a mandate from Tages Capital SGR, a newly-launched independent investment management company based in London, Luxembourg and Milan. »

Peter Radford of Bordeaux, and John Le Prevost, Anson Principal

Anson-Bordeaux merger creates fund admin 'powerhouse'

Wed, 21/09/2011 - 10:00

Two Guernsey firms are merging to create the largest independent fund administration business in the island. In the 50:50 deal, described as a merger of equals, Anson Fund Managers Limited and Bordeaux Services (Guernsey) Limited will join forces and trade under the Anson name. »

features
Special report
Commodities 2015: The outlook for investors

Investing in commodities can yield handsome returns, but investors need to focus sharply on timing and diversify their portfolios away from traditional safe havens and into sectors such as agriculturals and products such as ETFs. As one expert reveals in this special report, "Gold is not the only yellow commodity one should have in their portfolio"... »

Article
Spotlight

In an extract from the Preqin Special Report: Asia-Pacific Hedge Funds, we provide an overview of the industry in Asia-Pacific, covering assets under management as well as key locations, strategies, fund structures and more.  ... »

Article
up arrow

Assets under management for sovereign wealth funds globally reach USD6.31tn as of March 2015, increasing by more than USD900bn over the past 18 months. This information has been revealed in the 2015 Preqin Sovereign Wealth Fund Review, a comprehensive guide to these influential investors. ... »

Special report
Hedgeweek Global Awards 2015 – The Winners

Read the complete list of Winners and profiles at the sixth edition of the Hedgeweek Awards, presented in London's Mayfair and sponsored by Morgan Stanley, which brought together the leading names in the global hedge funds industry to celebrate the achievements of the best performing managers and service providers in 2014... »

Article
Hedgeweek Special Report: eVestment – The evolution of hedge fund investing

As revealed in this Hedgeweek Special Report sponsored by eVestment, the data, analytics and market intelligence provider to the institutional investment community, experts agree that investing in hedge funds represents a good way for institutions to access manager skill, which is key in constructing a diversified portfolio to achieve risk and return targets. ... »

Special report
Hedgeweek Special Report: The Bahamas – How it continues to evolve its funds industry

The Bahamas is taking steps to raise its profile as an attractive funds centre, continuing to build out the popular SMART Fund model template to provide a range of solutions for investment managers, plus its new ICON structure designed to appeal specifically to Brazilian investment managers and advisers.... »

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