The Citco group of companies (Citco) has completed the migration of USD1 trillion worth of assets under administration (AUA) onto the newest version of Æxeo running on Amazon Web Services (AWS), in one of the largest accounting transitions in history, and the largest within the alternative investment sector.
Deals & Transactions
Livermore Investments Group, a leading Collateralised Loan Obligations (CLO) equity anchor investor in over USD13 billion of new issue CLO transactions, has anchored the majority equity stake in Ares 61 - Ares Managements’ latest USD500 million CLO which closed on 30 September 2021.
Satuit Technologies by Tier1 Financial Solutions (Tier1), a global specialist in CRM, AML compliance and fraud prevention solutions, has partnered with Versoft Consulting to bring enhanced integration to the Satuit product suite and portfolio accounting solutions.
Brevan Howard, the high-profile global macro hedge fund firm co-founded by Alan Howard, has taken a minority stake in 1543 Capital, an alternative credit and structured finance-focused investment manager, as part of a new strategic partnership.
Global Fund Media Ltd is pleased to announce the editorial buy out of ETF Express and Wealth Adviser. As of 1 October 2021, Beverly Chandler and her team will be responsible for the continued evolution of the two titles.
Prometheus Alternative Investments has raised USD5 million in an oversubscribed seed round.
Marblegate Asset Management (Marblegate), an alternative investment firm that invests in credit opportunities and special situations, has partnered with Investcorp’s Strategic Capital Group (ISCG). Terms of the transaction have not been disclosed.
Quant Insight (Qi), a new quantitative financial market analytics and trading insights provider, has announced a major scale up after four years of research and development and over USD10 million in funding from three investment rounds.
Northern Trust is to take an equity stake in Essentia Analytics, a provider of behavioural analytics and consulting services.
Edge Focus, a technology company that applies machine learning and artificial intelligence to analyse credit, has entered into a strategic partnership with prominent hedge fund Brevan Howard and global quantitative trading firm DRW.