Deals and Transactions

WTP Advisors’ Capital Markets division will separate from the company and become a standalone business effective immediately. The new business will be named Avalon Lake Partners and is relocating its headquarters to New York City. »

Alternative asset manager The Carlyle Group and the management of The TCW Group, an asset management firm, are to acquire TCW from Société Générale. »

Carey Olsen has advised on the sale of FRM Holdings (Financial Risk Management) to Man Group by way of a Jersey scheme of arrangement. »

The ordinary shareholders of LME Holdings have approved all the resolutions required in connection with the proposed scheme of arrangement to implement the acquisition of LME Holdings by Hong Kong Exchanges & Clearing (HKEx). »

Van Eck Associates has acquired a hedge fund beta business and team from Lyster Watson, and will be offering a suite of strategies called Trackers. »

State Street Corporation has agreed to acquire hedge fund administrator Goldman Sachs Administration Services (GSAS) from The Goldman Sachs Group, in a cash transaction with a total purchase price of USD550 million. »

Capital Financial Global, Inc (OTC: CFGX), is in talks with a hedge fund to acquire a 40% interest in its management entity. »

Apex Fund Services has opened its second US office in Miami, Florida. Apex has grown by 185% since 2009. »

The shareholders of PLUS Markets Group have approved the sale of PLUS Stock Exchange to ICAP. ICAP will now work to complete the acquisition as soon as possible. »

KKR & Co is to acquire Prisma Capital Partners, a provider of customised hedge fund solutions. Financial terms for the transaction, which is expected to close in the fourth quarter 2012, have not been disclosed. »