Bankrupt money manager Sentinel accused of misappropriating client assets

The Securities and Exchange Commission has accused Sentinel Management, the short-term cash manager for clients such as hedge funds and futures brokers which filed for bankruptcy last week »

Solent Capital may be forced to wind down fund

London-based Solent Capital Partners has announced that it may have to sell off assets from its Mainsail II fund, which was launched with assets of USD1.5bn last year, after becoming the l »

KKR affiliate admits to mortgage-backed securities woes

A publicly-traded affiliate of the venerable buyout firm Kohlberg Kravis Roberts has announced that it might face a USD200m loss on mortgage-backed securities, as well as a further tax bil »

Hedgemedia's AltInvestment Global News Round-Up: Private equity giants postpone flotation plans

Private equity giant Kohlberg Kravis Roberts is delaying its USD1.25bn initial public offering. »

Independent equity research gains users, but commissions remain static

Equity analysts at buy-side institutions in the US appear to be increasing their use of independent research, according to a new study from Greenwich Associates, but the institutions are n »

Paladyne Systems opens client services operations centre in New Jersey

Alternative investment technology solutions provider Paladyne Systems has established a client services operations centre in Fort Lee, New Jersey, to enhance and streamline the support req »

AIR surpasses USD3bn in modelled catastrophe bonds in 2007

AIR Worldwide Corporation has announced it has provided risk modelling and analytical services for more than USD3bn in insurance-linked securities to date this year, nearly 70 per cent of »

Investment firm head says traded life policies offer investors safe haven

Even a cut of 1 per cent in US interest rates will be insufficient to resolve the crisis in the US sub-prime mortgage market and dampen the resulting turbulence affecting equities and fixe »

SuperDerivatives hires MQSeries innovator Sam Somech as head of R&D

SuperDerivatives, a provider of multi-asset derivatives solutions provider for real-time option pricing, independent revaluation, derivatives data, online trading and risk management syste »

Deutsche launches db Magic Three II structured note on Warsaw exchange

Trading has begun on the Warsaw Stock Exchange of db Magic Three II, a structured note issued by the London branch of Deutsche Bank whose value is dependent on the performance of equities, »

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