BNP Paribas Asset Management is acquiring FundQuest Inc., one of the leading turnkey asset managers in the United States with USD 10 billion AUM. FundQuest, founded in 1993 in Boston, Massac
Pension funds globally invested over USD 62 billion in alternative asset classes during 2004, according to a new survey by Watson Wyatt. The survey, conducted in c
Fairfield Greenwich Group (FGG) continues to expand with the appointment of David S Upson III as a senior member of the firm’s investment team. Upson will work on
The HSBC AsiaHedge Composite Index was all but static in May, putting on just 0.21% for the month and indicating that managers are being tested to their limits. These statistics could sugges
Comada’s new Mat:share offering is designed to help funds of funds managers improve efficiency in their portfolio management and operational activities. Mat:share
Global hedge funds’ assets totalled USD1,902 billion at the end of 2011 according to TheCityUK’s report Hedge Funds 2012. Although a 3% reduction from the previous year, it follows two successive years of growth that have seen assets increase by
Zurich-based Palomar Capital Advisors Ltd. has announced the first closing of a fund of funds dedicated to the structured credit area. Palomar Structured Credit Strategies Ltd. invests in a portfolio of hedge funds employing a variety of directional and hedged
The US blue-chip Dow Jones Industrial Average rose 2.60% in May, closing at 10457.80.
Berwin Leighton Paisner’s Timothy Spangler and Daljit Singh examine the implications of the entry of hedge funds into the realm of private equity. Recently, much at
Oak Hill Advisors, LP, the New York-based USD 6 billion leveraged capital markets specialist, is to open a London office. The London operation will be co-headed by
