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Deals and Transactions

deals and transactions
Greg Johnson, chief executive of Franklin Templeton Investments

Franklin Templeton to acquire majority stake in fund of hedge funds specialist K2

Thu, 20/09/2012 - 10:40

Franklin Resources, which operates as Franklin Templeton Investments, has agreed to acquire a majority stake in K2 Advisors, an independent fund of hedge funds manager. »

Christopher D. Long, president of Palmer Square

Palmer Square signs investment deal with Geneva Arbitrage Fund

Tue, 18/09/2012 - 10:33

Palmer Square Capital Management, along with Montage Investments and Atlantic Asset Management, has agreed a partnership with Geneva Arbitrage Fund. »

Henry Kravis, co-founder, KKR

KKR’s Prisma Capital Partners acquisition on track to close in October

Thu, 13/09/2012 - 10:02

KKR has confirmed that all necessary consents and regulatory approvals to acquire Prisma Capital Partners have been obtained and that the closing is anticipated to occur in October 2012. »

Split

Avalon Lake Partners spins-out from WTP Advisors

Mon, 10/09/2012 - 05:01

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. »

Olivier Sarkozy, Carlyle managing director and head of the financial services team

Carlyle and TCW management acquire TCW Group from Société Générale

Fri, 10/08/2012 - 14:04

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

Guy Coltman, partner, Carey Olsen

Carey Olsen advises on the sale of FRM to Man Group

Fri, 03/08/2012 - 12:17

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

Charles Li and Martin Abbott

LME shareholders vote in favour of acquisition by HKEx

Thu, 26/07/2012 - 10:07

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). »

Beta

Van Eck acquires hedge fund beta business

Fri, 20/07/2012 - 12:03

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. »

George Sullivan, State Street

State Street to acquire Goldman Sachs Administration Services

Wed, 18/07/2012 - 09:35

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. »

Blue information sign

Capital Financial Global pursuing 40% interest in hedge fund

Thu, 28/06/2012 - 11:21

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

Peter Hughes, Group Managing Director, Apex Fund Services Ltd,

Apex opens second US office

Wed, 27/06/2012 - 06:00

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

Thumbs up

PLUS shareholders approve acquisition by ICAP

Tue, 19/06/2012 - 16:00

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. »

Henry Kravis, Co-Founder and Co-CEO of KKR

KKR to acquire Prisma Capital Partners

Tue, 19/06/2012 - 13:17

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. »

Alex Price, CEO of Palmer Capital

Palmer Capital agrees deal to acquire Invista

Tue, 19/06/2012 - 13:00

The Board of Directors of Invista Real Estate Investment Management Holdings and the Board of Directors of Palmer Capital Investors (India) Limited have reached agreement on the terms of an offer whereby Palmer Capital will acquire the entire issued and to be issued share capital of Invista. »

Thumbs up

Evergreen Pacific Partners announces acquisition of Thermal Dynamics

Tue, 19/06/2012 - 06:00

Evergreen Pacific Partners (Evergreen) has acquired Thermal Dynamics, an Ontario, California-based supplier of advanced technology heat exchangers for the automotive, truck, motorcycles, and military equipment industries. »

Approved stamp

CFTC certifies Dow Jones Industrial Average Futures Contract Submitted by OSE

Mon, 18/06/2012 - 16:00

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight has certified a Dow Jones Industrial Average Futures contract submitted by the Osaka Securities Exchange (OSE). »

Laurent Guillet, Chief Executive Officer for Amundi AI

Amundi and MIM expand investment management relationship

Mon, 11/06/2012 - 12:28

Macquarie Investment Management (MIM) and Amundi, through Amundi Alternative Investments’ Managed Account Platform, has awarded an EUR80 million mandate to MIM’s Fixed Income and Currency team to trade G101 currencies actively. »

Magnus Spence, Managing Partner at DSP

DSP closes two Melchior funds

Fri, 01/06/2012 - 14:00

Dalton Strategic Partnership LLP (DSP) is closing two funds within its Melchior range of UK OEIC Funds. The move has been made in order to focus its efforts on a smaller number of funds. »

Two fingers

Two men admit to roles in alleged market manipulation

Tue, 29/05/2012 - 11:34

The British Columbia Securities Commission has settled with two men who admitted to participating in an alleged market manipulation involving a US over-the-counter issuer. »

Sebastian Barrack , Head of Metals & Agricultural Sales and Trading division, Macquarie

Macquarie takes Czarnikow stake

Mon, 28/05/2012 - 13:06

Macquarie Group Ltd (Macquarie) is acquiring a 42.5% stake in sugar and ethanol advisory, supply chain management and trading firm C Czarnikow Ltd from Wilmar International Ltd, which will cease to be a shareholder. »

Peter Clarke, chief executive, Man Group

Man Group to acquire FRM

Mon, 21/05/2012 - 11:29

Man Group is to acquire London-based hedge fund research and investment specialist Financial Risk Management (FRM) in a deal worth up to USD82.8million. »

Blue information sign

RBI guidelines may be long-term boost for securitisation

Mon, 14/05/2012 - 10:00

The Reserve Bank of India's (RBI) guidelines on securitisation transactions could promote the long-term growth of the Indian securitisation market, pending clarity on the tax treatment of Pass-Through-Certificates (PTCs), Fitch Ratings says. »

Julian Korek, a Founding Member of Kinetic Partners

Kinetic Partners opens new CI office

Thu, 10/05/2012 - 13:59

Kinetic Partners has opened a new office Jersey, the firm’s first presence in the Channel Islands. »

person holding up a large red tax word

New Luxembourg/Germany double tax treaty may impact German inbound investment structures, says Dechert

Thu, 10/05/2012 - 10:00

On the 23 April 2012, Germany and Luxembourg signed a new Double Tax Treaty ("the Treaty") which is to replace the previous treaty dating back to 1958. And according to Dechert, the new Treaty may impact on many US, UK and other non-German investors as Luxembourg is often used as a tax efficient jurisdiction for German inbound investments (particularly used by funds, private equity and real estate investors). »

Emmanuel Weyd, Eiffel

EMERGENCE announces first seeding partnership

Fri, 04/05/2012 - 12:42

The newly launched EMERGENCE seeding platform, created in early 2012 with the backing of seven major French institutional investors and managed by internationally recognised seeder NewAlpha Asset Management, has announced its first seeding partnership with Eiffel Investment Group, through its compartment Emergence Performance Absolute. »

Thumbs up

Deutsche Börse completes Eurex takeover

Tue, 01/05/2012 - 16:00

Deutsche Börse Group has completed its full acquisition of Eurex Zürich AG. Representatives of SIX Swiss Exchange/SIX Group AG and Deutsche Börse AG jointly finalised the transaction in Zurich and signed the corresponding closing documents. Deutsche Börse is to pay EUR295 million and transfer approx. 5.3 million Deutsche Börse AG shares to the SIX Group. »

Peter Clarke, chief executive of Man Group

Man sees net outflows of USD1bn in Q1

Tue, 01/05/2012 - 13:40

Man saw net outflows of USD1.0 billion in the first quarter of 2012, reflecting sales of USD3.1 billion and reduced redemptions of USD4.1 billion, according to the group’s interim management statement for the three months ended 31 March 2102. There was a net outflow from alternative funds of USD1.4 billion and a net inflow of USD0.4 billion into long only styles.  »

Closed sign

PineBridge closes USD412.5m collateralised loan obligation

Mon, 30/04/2012 - 06:00

PineBridge Investments, the global multi-asset class investment manager, has successfully closed its latest collateralised loan obligation (CLO), Galaxy XII CLO, Ltd. »

Michael Davie, Chief Executive of SwapClear.

LCH.Clearnet in discussions to expand US footprint with acquisition of IDCG

Wed, 25/04/2012 - 11:28

LCH.Clearnet Group Limited has signed non-binding heads of agreement with International Derivatives Clearing Group, LLC (IDCG) and The NASDAQ OMX Group, Inc (NASDAQ OMX) regarding the acquisition of IDCG. »

Pen signing a document

GFI Group to provide CDS market data to Quick Corp

Tue, 24/04/2012 - 14:00

GFI Market Data, a division of GFI Group Inc (NYSE: GFIG) and QUICK Corp have signed an agreement whereby GFI will supply QUICK with credit derivatives market data as of 23 April, 2012. »

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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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This Special Report unveils the ways in which State Street Global Markets' Fund Connect ETF platform is bringing new levels of efficiency to the the ETF marketplace, and includes expert comment from the perspective of an AP.... »

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fees

Nearly double the proportion of investors view fees as a key issue in the hedge fund industry compared to last year, while performance remains the biggest concern. Investor survey results published in the Preqin Investor Outlook: Alternative Assets H1 2015 reveal the key issues facing investors in the coming year. ... »

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Work patterns in the alternative investments space have seen a significant shift over the years —from working in the office on a computer, to collaborating remotely via mobile applications and bring your own devices (BYOD). To remain competitive, an enormous amount of data must be shared on-the-go to facilitate investment decisions, but with minimal IT oversight, this trend towards mobile could open the door for increased risk of information leakage. ... »

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Up arrow

Two thirds of surveyed investors with an appetite for infrastructure say they will increase their allocations to the asset class over the long term, with none planning to reduce allocations. These findings are revealed in an extract from the Preqin Investor Outlook: Alternative Assets H1 2015. ... »

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