Counsel Portfolio Services has appointed PanAgora Asset Management as the tactical asset allocation specialist and sub-advisor for Counsel Income Managed Portfolio and Counsel Managed Portfolio, replacing Thornmark Asset Management. PanAgora’s appointment will be effective immediately. An amendment to
The Financial Services Authority has expressed its disappointment with the standard of controls put in place by some UK hedge fund managers to mitigate the risk of market abuse, and it pla
Crosby Capital Partners has concluded negotiations with David Dunckley and Steve Akers of Grant Thornton UK, the administrators of Forsyth Partners and Forsyth Partners (Europe), to take o
Hedge fund index providers have reported a recovery in performance for most hedge fund strategies in February following the previous month’s losses, even as equity markets continued to fal
ABN AMRO, pioneer of the market’s inaugural Constant Proportion Debt Obligation (CPDO) in July last year, has launched the first fully managed and fully rated CPDO, managed by Fortis Inves
Finisterre Capital, the long/short emerging market total return specialist, has launched a stand-alone, UCITS compliant fund in response to client demand stemming from Solvency II requirements. The UCITS-compliant Finisterre Emerging Market Debt Fund launched with USD55m of seed capital and
Charles Rangel, chairman of the Ways and Means Committee of the US House of Representatives, said this week he was considering raising taxes on carried interest paid by private equity and
Assets invested in 120/20 and 130/30 active-extension funds are set grow at a compound annual rate of 141 per cent, from USD140bn this year to nearly USD2trn by 2010, according to a new re
Carlyle Capital Corporation has acknowledged that its lenders are likely to take possession of its remaining assets, consisting of US government agency AAA-rated residential mortgage-backe
John McBryan has been appointed Global Head of Client Service as part of Capital Markets Prime Services at Lehman Brothers.
