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Deals and Transactions

deals and transactions
Michael Sacks, chief executive officer of Grosvenor

Grosvenor Capital Management to acquire CFIG from Credit Suisse

Fri, 02/08/2013 - 16:06

Grosvenor Capital Management, one of the world's largest discretionary allocators to hedge funds, is to acquire the Customized Fund Investment Group (CFIG), a private equity, infrastructure and real estate investment management company, from Credit Suisse Group.  »

Tony Ressler, senior partner, Ares

Alleghany invests in Ares Management

Thu, 01/08/2013 - 12:12

Alleghany has invested USD250m for a 6.25 per cent equity ownership interest in Ares Management, which is privately held, and also committed to invest up to USD1bn of capital in various existing and new Ares investment strategies.    »

Toys “R” Us

Cairn Capital places GBP263.2m Debussy DTC notes for Toys “R” Us

Fri, 26/07/2013 - 12:06

Cairn Capital has structured and placed GBP263.2m in commercial mortgage backed securities (CMBS) notes for Debussy DTC. »

Marianne Brown, president and chief executive, Omgeo

DTCC to acquire full ownership of Omgeo

Thu, 25/07/2013 - 12:00

The Depository Trust & Clearing Corporation (DTCC) is to acquire full ownership of Omgeo, combining Thomson Reuters’ 50 per cent stake in the company with DTCC’s existing 50 per cent ownership. »

Daniel S Loeb, chief executive, Third Point

Yahoo! to repurchase 40 million shares held by Third Point

Wed, 24/07/2013 - 09:41

Yahoo! is to repurchase 40 million shares of Yahoo! common stock beneficially owned by hedge fund Third Point at a purchase price of USD29.11 per share. »

Trading screens

Goldman Sachs completes sale of majority equity stake in REDI

Fri, 19/07/2013 - 06:09

The Goldman Sachs Group has sold a majority equity interest in REDI, the technology provider for the REDIPlus Execution Management System (EMS), to a consortium of investors including BofA Merrill Lynch, Barclays, BNP Paribas, Citadel and Lightyear Capital.  »

Calculator

Broadridge completes Bonaire acquisition

Thu, 18/07/2013 - 16:02

Broadridge Financial Solutions has closed its acquisition of Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms. »

Mortgage

LendInvest completes first block trade of loans for GBP1.3m

Wed, 17/07/2013 - 23:08

Peer-to-peer mortgage trading platform LendInvest has completed its first block trade of loans. »

Acquisition

Tiger Bay Advisors acquires Gramercy Park Advisors

Wed, 17/07/2013 - 12:16

Tiger Bay Advisors, a provider of consulting and business process outsourcing (BPO) services to asset managers, has completed its acquisition of Gramercy Park Advisors, a boutique strategic advisory firm focused on the asset management industry.  »

Electronic trading floor

S&P Capital IQ agrees deal with Tullett Prebon Information for use and redistribution of market data

Tue, 16/07/2013 - 16:06

S&P Capital IQ, a provider of multi-asset class research, data and analytics, has entered into a long-term, strategic agreement with Tullett Prebon Information (TPI), part of Tullett Prebon, one of the world’s largest inter-dealer brokers. »

Bill Taylor, president of Miravast

Miravast closes USD60m life insurance portfolio acquisition

Thu, 11/07/2013 - 16:08

Miravast Asset Management, an investment adviser specialising in life contingent assets, has advised on the USD60m purchase of a life insurance portfolio by a substantial institutional investor.   »

Michael Azlen, founder and chief executive of Frontier

Gottex completes Frontier acquisition

Fri, 05/07/2013 - 12:09

Gottex Fund Management has completed the acquisition of a majority interest in Frontier Investment Management, a UK multi-asset investment management firm. »

Money and calculator

Broadridge to acquire Bonaire

Thu, 27/06/2013 - 12:05

Broadridge Financial Solutions is to acquire Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms. »

Handshake

Butterfield Fulcrum Group to be acquired by Mitsubishi UFJ Trust and Banking Corporation

Fri, 21/06/2013 - 08:45

Mitsubishi UFJ Trust and Banking Corporation (MUTB) is to acquire alternative fund administrator Butterfield Fulcrum. Established in 1927, MUTB is a wholly owned subsidiary of Mitsubishi UFJ Financial Group (‘MUFG’), the fifth largest global bank holding company ranked by assets.  »

Mark Beeston, chief executive of portfolio risk services at ICAP

ICAP invests in Enso Financial Management

Thu, 20/06/2013 - 14:33

ICAP, a markets operator and provider of post trade risk mitigation and information services, has made an investment in Enso Financial Management (EFM), an early-stage firm providing hedge funds and asset managers with portfolio reporting and data analytics services. »

FirstRand group chief executive Sizwe Nxasana

Jersey based Ashburton to become part of South African parent’s new investment business

Tue, 18/06/2013 - 16:06

Ashburton (Jersey) Limited is to form the international arm of a new asset manager that will become the fourth financial services franchise of FirstRand Limited alongside existing brands FNB, RMB and WesBank. »

Sean Dowling, office managing partner of Appleby (Isle of Man)

Appleby acquires Caledonian’s IOM operation

Mon, 03/06/2013 - 06:33

Appleby has acquired Caledonian Trust (IOM) and Caledonian Fund Services (Europe) as part of the group’s ongoing strategy to grow its fiduciary and administration business. »

Michel Péretié, RiverRock's partner and co-chief executive

RiverRock European Capital Partners acquires broker-dealer

Thu, 23/05/2013 - 14:04

RiverRock European Capital Partners has acquired a controlling stake in Chenavari Financial Advisors, the broker-dealer business of Chenavari Financial Group. »

Mark W Yusko, chief investment officer of Morgan Creek

Morgan Creek Capital Management to acquire Signet Capital Management

Wed, 22/05/2013 - 10:09

Morgan Creek Capital Management is to acquire the alternative funds business of Signet Capital Management, a European-based institutional fixed income investment firm. »

Jason Spaeth, a managing partner of Värde

Värde Partners acquires FirstCity Financial Corporation

Mon, 20/05/2013 - 10:04

Funds managed by Värde Partners have completed the acquisition of FirstCity Financial Corporation. »

Colin Heffron, chief executive of GFI Group

GFI Group acquires team from Phoenix Partners Group

Thu, 09/05/2013 - 10:14

GFI Group has agreed to acquire certain assets of Phoenix Partners Group, an independent inter-dealer broker operating mainly in the international credit and equity markets. »

Computer screen

Backstop acquires PerTrac CMS

Tue, 07/05/2013 - 06:03

Backstop Solutions Group, a Software-as-a-Service provider to the alternative asset management industry, has acquired the PerTrac CMS product line, a customer relationship management tool built exclusively for the institutional investment community. »

Graham Stock, Insparo

Bharti Airtel-Qatar Investment Group deal highlights continuing African growth potential

Mon, 06/05/2013 - 12:14

Graham Stock (pictured), chief strategist at Insparo Asset Management comments on Bharti Airtel decision to sell a stake to Qatar investment group… »

Document signing

Weeden Investors acquires prime broker Saxis Group

Tue, 23/04/2013 - 16:00

Weeden Investors, the parent company of Weeden & Co – a full-service institutional broker, has completed the acquisition of Saxis Group, a full-service prime brokerage business. »

Closed sign

American Capital closes USD414m managed CLO

Tue, 02/04/2013 - 16:06

ACAS CLO 2013-1, an affiliate of American Capital, has closed on the sale of USD414m of collateralised loan obligation bonds. The transaction was arranged by Deutsche Bank Securities.   »

Jeff Greenberg, chief executive of Aquiline

Aquiline and Genstar to acquire Genworth Wealth Management

Tue, 02/04/2013 - 07:13

Aquiline Capital Partners, a New York-based private equity firm investing in the financial services sector, and Genstar Capital, a middle market private equity firm based in San Francisco, are to acquire Genworth Wealth Management from Genworth Financial for USD412.5m. »

Joachim Gottschalk, chairman and CEO of Gottex

Gottex acquires Frontier Asset Management

Thu, 21/03/2013 - 06:07

Gottex Fund Management has reached agreement on the acquisition of a majority interest in Frontier Investment Management, a multi-asset investment management firm in the UK. »

Accounts

MSCI to sell its CFRA business

Wed, 13/03/2013 - 06:38

MSCI has entered into a definitive agreement to sell its CFRA business, a provider of forensic accounting research, to a private investor for an undisclosed purchase price. »

Jim McCaughan, Principal Global Investors

Principal Global Investors to acquire majority stake in Liongate Capital Management

Mon, 04/03/2013 - 16:39

Principal Global Investors is to acquire a 55 per cent stake in Liongate Capital Management (Liongate), a global alternative investment boutique based in London and New York focused on managing portfolios of hedge funds. »

Shares

Steel Holdings to acquire 7.5 million ModusLink shares at USD4 per share

Tue, 12/02/2013 - 10:15

ModusLink Global Solutions has entered into an investment agreement with Steel Partners Holdings, which together with certain affiliates, including Handy & Harman, beneficially owns 14.9 per cent of ModusLink’s outstanding shares. »

features
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... »

Article
North America

Private debt in North America

Fri, 05/06/2015 - 12:06

The North American private debt industry has seen substantial growth in assets over the last decade. This extract from the Preqin Special Report: Private Debt in North America looks at the current state of private debt fundraising and funds currently in market. ... »

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