Henry Kravis, co-founder, KKR

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

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. »


Ben Chinea, chief executive and founder of Direct Access Partners

Direct Access Partners welcomes listed equity derivative team from IA Englander

Direct Access Partners, a diversified institutional financial services enterprise, has acquired the listed equity derivative trading team from IA Englander.  »


Abacus

Gottex reports operational loss of USD2.6m

Alternative asset management group Gottex Fund Management has reported an operational loss of USD2.6m for the six months ended 30 June 2012, in line with its expectations. »


Philip Masterson, senior vice president and managing director, SEI’s investment manager services division

C8 selects SEI for hedge fund operations outsourcing

C8 Investments has selected SEI to provide operational outsourcing services for the firm’s recently launched hedge fund. »


Crystal ball

Experts predict shift to centrally cleared OTC derivatives

Industry experts have predicted a transition from a bilaterally cleared OTC business to centrally cleared OTC derivatives, along with an increase in the volume of exchange-traded derivatives, according to a report from Celent. »


Stack of money

Hedge funds redeem USD7.4bn in July 2012

The hedge fund industry redeemed USD7.4bn (0.4 per cent of assets) in July, building on outflows of USD4.2bn in June, according to BarclayHedge and TrimTabs Investment Research.  »


London

Dalton Strategic Partnership appoints Eleanor Lee as analyst

Investment specialist Dalton Strategic Partnership (DSP) has appointed Eleanor Lee as an analyst to work on its European equities team. »


Trader

Hedge funds up 0.97 per cent in August

The Hennessee Hedge Fund Index increased 0.97 per cent in August and is up 3.82 per cent year-to-date. »


Euros

Hedge funds extend summer gains on euro optimism

Hedge funds posted gains for the third consecutive month in August, as the Euro advanced on optimism for a resolution of the European sovereign debt crisis. »


Bill Stone, chairman and chief executive officer, SS&C Technologies

SS&C GlobeOp files initial Form PF for clients

SS&C GlobeOp has filed the initial Form PF for clients using its Form PF service offering. »


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