Asian Finance Bank and Amanah Raya to launch first Islamic marine fund

Asian Finance Bank and AmanahRaya Investment Bank Labuan have entered into an innovative Islamic forward binding transaction and agreed to establish an Islamic marine fund that is intended »


Absolute Capital Management issues final restructuring proposals as Investors Action Group urges amendments prior to EGMs

Absolute Capital Management Holdings Limited has set out the final terms for approval of its fund restructuring this Saturday 27 October following protests from the Absolute Investors Acti »


Deloitte called in again as second SIV begins asset sell-off

Following closely on the heels of London-based Cheyne Capital's collapsed USD 6.6 bn Cheyne Finance structured investment vehicle (SIV), Rhinebridge, a Dublin-based USD 2 billion SIV spons »


ML launches Merrill Middle Office Solution for alternative managers

Merrill Lynch has launched Merrill Middle Office Solution, an outsourced, prime broker-neutral platform to provide various middle- and back-office services for the hedge fund industry, in »


Hedgemedia's AltInvestment Global News Round-Up: Investment bankers feel the pain of market turmoil

Merrill Lynch shares took a pounding on Wednesday after the New York-based bank reported larger than expected losses as a result of the recent turmoil in the credit market »


EEX and Eurex to cooperate in emissions trading

The European Energy Exchange AG (EEX) and the derivatives exchange Eurex are to cooperate in emissions trading. »


Deutsche Schiffsbank selects SuperDerivatives for interest rate and currency derivatives

Deutsche Schiffsbank, which specialises in long-term ship mortgages, is deploying SuperDerivatives' interest rate and foreign currency derivatives to help shipping customers manage risk an »


JPMorgan Asset Management launches four 130/30 funds for institutional investors

JPMorgan Asset Management has announced the launch of four 130/30 Funds aimed at institutional investors in Europe, the JPM US Select 130/30 Fund, JPM US 130/30 Fund, JPM Europe Select 130 »


Handpicked Films signs co-operation deal with fund of hedge funds manager

Handpicked Films has signed an agreement with New York-based fund of hedge funds and private equity fund manager Ginepri Capital Partners to oversee a multi-year programme of film producti »


Spectrum pulls out of India to focus on US-based fund servicing

Spectrum Global Fund Administration, one of the pioneers in carrying out elements of hedge fund administration in low-cost jurisdictions such as India, has decided to reverse tack, closing »


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