Deals and Transactions

State Street Global Markets, LLC (SSGM), intends to join SwapClear, LCH.Clearnet’s global over-the-counter (OTC) IRS clearing service, by June, 2012 subject to regulatory approval. SwapClear’s total clearing membership is currently 61. »

Cisco Systems Inc, Comcast Corp (Class A shares) and FedEx Corp have been added to the Dow Jones US Contrarian Opportunities Index. »

Armstrong Investment Managers has invested into the newly launched sterling share class of the Swiss & Global JB Absolute Return Europe Equity Fund, managed by Andy Kastner, through its flagship IM Distinction Diversified Real Return Fund. »

SEB has integrated its offering within alternative investments by merging the SEB-owned London boutique Key Asset Management unit with the SEB Alternative Investment Team (AIT) in Stockholm .  »

Finisterre Capital, the long/short emerging market total return specialist, has launched the Finisterre Equity Fund. Joint Portfolio Managers of the new fund are Alistair Candlish and Edward Cole, who joined Finisterre in August, 2011. The duo was hired as a team from Newsmith, where they were partners in the firm and jointly ran Newsmith’s EM equity fund. »

Alfi Rogge Partners – a new joint venture between Rogge Global Partners and Alfi Partners – has established offices for marketing and client service in both Paris and Geneva in order to develop and service its business in French-speaking Europe and capitalise on the growing demand in the region for global fixed income. »

Eurofin Capital, the Lausanne and London based privately owned investment company has acquired NAU Capital, a multi-strategy hedge fund based in London. »

Sal Naro, former co-managing partner of Sailfish Capital, a USD4.4 billion asset management firm with approximately USD2 billion in hedge fund assets, is launching Coherence Capital Partners LLC (Coherence Capital).  »

SEI has been selected by Asset Value Investors (AVI) to provide full fund administration and trustee and custodial services for the investment manager’s new Irish Qualified Investment Funds (QIFs).   »

SVM Asset Management, the Edinburgh based investment boutique, has launched a strategic partnership with Level E Capital, an Edinburgh based hedge fund. »