Northern Trust has reached an agreement to acquire Omnium LLC, a hedge fund administrator with approximately USD70 billion in assets under administration. The acquisition, subject to applicable regulatory approvals and other customary closing conditions, is anticipated to close in the
Founded by Thomas Walek in 1998, Walek & Associates is a multi-million-dollar public relations consultancy with offices in New York, Boulder and Hong Kong, and clients in every key market arena. From defining market position to managing media visibility, taking
The secondary market has seen the return of stability at the start of 2011, with February showing an increase in the average trade price for the second consecutive month, according to Hedgebay. The rise to 73.15%, although slight, suggested the
By Rick Morris – It wasn’t so long ago that hedge funds refused to countenance any kind of remote hosting solution. Concerns about security and speed of service plus a reluctance to relinquish control of the physical equipment were all
Liongate Capital Management, founded in 2003, manages USD2.5bn in assets on behalf of its global client base, which includes leading global pension funds, wealth managers, insurance companies and sovereign wealth funds. The firm’s flagship fund, the Liongate Multi-Strategy Fund, has
Man Group plc (Man), through its US subsidiaries, is to take full ownership of Ore Hill Partners LLC and Ore Hill Partners Capital Management LLC (together, Ore Hill) for a predominantly share-based consideration. The transaction is subject to obtaining applicable consents,
Helvetic Fund Administration Ltd, Gibraltar’s longest established fund administration company, has completed the acquisition of Capita Financial Administrators (Gibraltar) Ltd (Capita). The acquisition sees the transfer of Capita Gibraltar staff and over GBP500 million of assets under administration to Helvetic.
The London-headquartered IMS Group is a leading provider of consulting and integrated business support to the asset management and securities industry. The group’s core service offering is regulatory compliance consulting to UK-regulated financial services firms. IMS supports more than 700
Faris Abdulrazzaq (pictured), Senior portfolio manager for Menasa Capital Management, examines the impact of regime change across the Arab world. Reverberations from the recent revolutions in Tunisia and Egypt have been felt across the Arab World, far beyond the geographic
So massive is the wall of regulation rushing toward the investment industry as a whole that regulators themselves are struggling to keep up. In February the European Securities and Markets Authority published its latest contribution to fleshing out the European
