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Deals and Transactions

deals and transactions
Acquisition

Goldman Sachs Asset Management to acquire Westpeak Global Advisors

Thu, 24/04/2014 - 11:33

Goldman Sachs Asset Management (GSAM) has entered into an agreement to acquire smart beta business Westpeak Global Advisors. »

Euros

Clearstream acquires Citco’s hedge fund custody processing business

Wed, 23/04/2014 - 10:51

Clearstream is acquiring Citco’s Cork-based financial institution hedge fund custody processing business for a sum in the mid double digit million euro range. »

Bermuda

FRMO Corp invests in Bermuda Stock Exchange

Mon, 21/04/2014 - 18:11

FRMO Corp has purchased a 37.57 per cent stake in the Bermuda Stock Exchange (BSX) and is now the exchange’s largest shareholder. »

Handshake and money

BTIG secures CLSA investment

Mon, 14/04/2014 - 16:00

BTIG, a financial services firm specialising in institutional trading and related brokerage services, has secured a strategic investment from CLSA. »

Acquisition

GEMS Group acquires Kenmar-Olympia

Mon, 14/04/2014 - 06:01

Absolute return manager GEMS Groups has received legal and regulatory approval for its acquisition of Kenmar-Olympia. »

Index

FTSE TMX Global Debt Capital Markets acquires MTS’ indices business

Wed, 09/04/2014 - 06:01

FTSE TMX Global Debt Capital Markets has acquired the indices business of MTS, whose indices track the performance of the largest and most widely traded government issued securities in European bonds. »

Investments

Napier Park Global Capital receives allocation from Topwater Capital

Fri, 04/04/2014 - 14:05

Napier Park has received a managed account allocation from an investment fund managed by Topwater Capital, a division of Leucadia Asset Management. »

Bitcoins

GoldMoney spins off Bitcoin-focused Netagio

Fri, 04/04/2014 - 12:20

GoldMoney has separated its digital currency-focused arm, Netagio Limited, which it launched in December 2013, from the GoldMoney group. »

Partnership

Investcorp and Eyck Capital Management form relationship

Fri, 04/04/2014 - 10:06

Investcorp's US-based hedge fund business and Eyck Capital Management, a London-based investment manager led by Khing Oei, have formed a strategic relationship. »

Handshake

IA Englander transfers MA&PS to Concept Capital

Mon, 31/03/2014 - 12:26

IA Englander & Co has agreed to transfer its managed account and prime services platform (MA&PS) to Concept Capital Markets. »

Up arrow

European non-core loan sales up 40 per cent, says PwC

Tue, 25/03/2014 - 14:11

2013 was a record year from a transaction perspective with EUR64bn of Europe’s non-core loans sold as part of portfolio transactions last year, a 40 per cent increase on the previous year, according to PwC.   »

Acquisition

Mitsubishi UFJ Fund Services acquires Meridian Fund Services Group

Thu, 20/03/2014 - 06:01

Mitsubishi UFJ Fund Services, a global asset administrator, has acquired Meridian Fund Services Group, a fund administrator with USD14bn of assets under administration (AuA). »

Trading screens

Liquidnet expands into fixed income market with acquisition of bond trading platform

Wed, 19/03/2014 - 06:01

Global institutional trading network Liquidnet is planning to enter the fixed income market with its acquisition of bond trading platform Vega-Chi. »

Document signing

Tages Capital partners with Gauly | Dittrich | van de Weyer Asset Management

Fri, 14/03/2014 - 06:30

Alternative multi-manager Tages Capital has signed a strategic partnership with Frankfurt-based Gauly | Dittrich | van de Weyer Asset Management. »

Handshake and money

Deutsche Asset & Wealth Management acquires USD85m of illiquid hedge funds

Wed, 12/03/2014 - 12:08

Deutsche Asset & Wealth Management's (DeAWM) Aggregator Solutions fund has recently acquired a USD85m portfolio of illiquid hedge funds from a Swiss asset manager. »

Shawn P Matthews, chief executive officer of Cantor Fitzgerald

Cantor Fitzgerald Asset Management to acquire Fintan Partners

Tue, 04/03/2014 - 14:03

Cantor Fitzgerald Asset Management (CFAM), a subsidiary of Cantor Fitzgerald, has acquired California-based Fintan Partners, a fixed income absolute return fund of hedge funds.  »

Malta

Cordium acquires Maltese advisory and compliance consultancy Zodiac

Tue, 25/02/2014 - 16:03

Cordium has acquired Zodiac Advisory Services, a provider of compliance, risk, accounting and governance services for the investment management industry in Malta. 

 »

Document signing

BNY Mellon to acquire full ownership of HedgeMark International

Tue, 25/02/2014 - 10:10

BNY Mellon has signed an agreement to acquire the remaining 65 per cent interest of HedgeMark International, a current affiliate and a provider of hedge fund managed account and risk analytic services. »

Dollars

Aurora provides early-stage capital for Brenham funds

Thu, 20/02/2014 - 12:06

Alternative investment manager Aurora Investment Management has provided early-stage capital to investment funds managed by energy-focused long/short equity fund manager Brenham Capital Management. »

Nigel Le Quesne

JTC Group forms partnerships with two firms in Europe

Tue, 18/02/2014 - 16:00

JTC Group has formed alliance partnerships with two firms within the EU to widen its geographical reach. »

Computers

JTC Group invests in FrontInvest IT platform

Fri, 14/02/2014 - 06:04

JTC Group’s funds arm has invested in an IT platform, FrontInvest, to bolster its capabilities in the funds sector. »

Trading screens

Deutsche Börse buys minority stake in Bondcube

Thu, 13/02/2014 - 06:03

Deutsche Börse has acquired a stake in Bondcube, the new fixed income trading system, for a low sum in the single digit millions (GBP).

 »

Document signing

La Française and Tages Capital sign strategic partnership

Wed, 12/02/2014 - 14:11

European asset manager La Française and Tages Capital, an alternative multi-management solutions provider, have entered into a strategic partnership. »

Acquisition

Carlyle Group acquires Diversified Global Asset Management

Wed, 05/02/2014 - 10:04

The Carlyle Group has completed its acquisition of Diversified Global Asset Management (DGAM), a global manager of hedge funds with more than USD6.7bn in managed and advised assets. »

Joe Ratterman

BATS Global Markets and Direct Edge complete merger

Wed, 05/02/2014 - 06:10

BATS Global Markets and Direct Edge completed their merger on 31 January, creating one of the world’s largest stock exchange operators. »

Fund administration

The Conifer Group and Vastardis Capital Services combine to form global fund admin firm

Tue, 04/02/2014 - 11:00

The Conifer Group and Vastardis Capital Services have signed a definitive merger agreement to combine their respective businesses. »

Research

Gary D Halbert acquires Theta Investment Research

Wed, 29/01/2014 - 15:00

Gary D Halbert has acquired certain assets of active money manager database Theta Investment Research of Phoenixville, Pennsylvania. »

Accounts

Cordium acquires HedgeStart

Fri, 24/01/2014 - 06:04

Compliance and regulatory services provider Cordium has acquired HedgeStart, a provider of UK tax, accounting and regulatory compliance consulting services to the investment management and securities industries. »

Nigel Le Quesne

JTC Group acquires book of business and staff from Herald Trust

Thu, 16/01/2014 - 12:09

JTC Group, an independent provider of private client, fund and corporate services, has acquired a substantial book of private client business from Herald Trust Company Limited, which is no longer part of the Herald Group. »

Document signing

Hedge funds sign deals with Aztec Exchange to purchase corporate invoices

Thu, 16/01/2014 - 06:04

Hedge funds in the US, UK and Singapore have signed agreements with Aztec Exchange to purchase invoices from suppliers in emerging markets and credit-constrained developed markets. »

features
Special report
Cybersecurty for Hedge Funds

Cybersecurity for Hedge Funds

Thu, 30/07/2015 - 11:00

Cybersecurity is no longer simply an IT issue, it is now a business issue. This is the conclusion of the experts and fund managers around the world whose opinions were polled for this landmark Hedgeweek Special Report, which outlines Best Practices for Cybersecurity in a fast-changing environment where managers need to keep several steps ahead of cyber criminals... »

Article
EU Flag

Hedge fund manager outlook on the AIFMD

Wed, 22/07/2015 - 19:52

The introduction of the Alternative Investment Fund Managers Directive (AIFMD) into European law in 2013 was part of a series of moves towards greater regulatory oversight of the hedge fund industry in recent years. In our survey, we asked hedge fund managers for their views on the effect of these new regulations on the industry as well as their expectations about the impact of the AIFMD on their firm over the next 12 months, the results of which are analyzed in this extract from the Preqin Special Report: AIFMD in the Hedge Fund Industry – 2015 Update. ... »

Article
Ken MacCuish, Intralinks

A couple of years ago, the title Chief Information Security Officer, or CISO for short, was a foreign concept within the hedge fund community. The winds have changed, however, as hedge funds become increasingly targeted by cyber hackers, causing many to hire a CISO to uphold the network integrity of the firm.  ... »

Article
Sovereign Wealth Funds

Sovereign wealth funds, though small in number and secretive in nature, wield considerable influence as investors as a result of their sizeable assets under management. This extract is taken from Preqin’s latest report which features exclusive content from the 2015 Preqin Sovereign Wealth Fund Review.  ... »

Special report
Hedgeweek Special Report: Hedge Fund Administration

Hedge Fund Administration 2015

Tue, 16/06/2015 - 09:57

Mergers and acquisitions in recent years have changed the face of hedge fund administration. Big custodial banks are likely to dominate the HFA space in years to come, forming one part of a barbell with a number of well-run, well-capitalised independent HFAs on the other end. This report examines the implications for both hedge funds and their administrators... »

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