Daniel Mudd, chief executive officer of the Fortress Investment Group

Fortress opening Singapore office

Fortress Investment Group is opening an office in Singapore, which will act as a key hub of the firm’s investment and business development activities in Asia. »


Missed target

Basel III misses opportunity to break down silo culture in banking, says Algorithmics

Algorithmics, a provider of risk solutions, says Basel III is lacking in its conceptual approach to capital and liquidity. »


Peter Kraus, AllianceBernstein chairman and chief executive

AllianceBernstein acquires alternative investments group from SunAmerica

AllianceBernstein has acquired SunAmerica's alternative investments group, a team that manages a portfolio of hedge fund and private equity fund investments. »


Acquisition

LaCrosse acquires BofA Merrill Lynch’s fund administration business

LaCrosse Global Fund Services has completed its acquisition of the alternative fund administration business of Bank of America Merrill Lynch. »


Fionán Breathnach, head of investment funds at Mason Hayes+Curran

Mason Hayes+Curran strengthens investments funds team

Irish law firm Mason Hayes+Curran has appointed Mark Browne as a partner in its investment funds department. »


Bear

Greenwich investable indices gain despite bearish equity markets

The Greenwich Composite Investable Index gained 0.29 per cent in August in tumultuous market conditions, with returns from arbitrage and futures managers contributing the most to performance.  »


Seyi Obakin, chief executive of Centrepoint

100 Women in Hedge Funds raises nearly GBP500,000 for Centrepoint

100 Women in Hedge Funds, a non-profit organisation for professionals in the alternatives industry, has raised nearly GBP500,000 at its London Gala event which took place last night at the historic Middle Temple Hall.  »


Ponzi scheme

CFTC charges Integra Capital Management with USD3m Ponzi scheme

The US Commodity Futures Trading Commission has obtained an emergency federal court order freezing the assets of defendants Rodney W. Whitney, Nicholas T. Cox and Integra Capital Management of North Carolina. »


Trader at screen

Northern Trust launches processing of syndicated bank loans

Northern Trust has expanded its automated solutions for investment operations outsourcing clients to cover processing of syndicated bank loans, which are growing as an alternative asset allocation by specialist investment managers. »


Houston, Texas

Texas Hedge Fund Association elects chairman and three board members

The Texas Hedge Fund Association has elected a new chairman and three members of its board of directors. »


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