Deals and Transactions

Commodities alternative investment manager J E Moody has joined dbSelect, Deutsche Bank’s platform for accessing liquid hedge fund strategies.   »

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

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. »

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. »

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. »

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. »

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.  »

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. »

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). »

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. »