Mergers and acquisitions involving asset managers rose in the third quarter, with the global credit crunch as the backdrop for a surge in divestitures to almost 40 per cent of total sales,
Eaton Vance Management has launched the Eaton Vance Global Macro Absolute Return Advantage Fund, a mutual fund managed for total return. Designed to complement traditional asset classes, the fund employs a flexible strategy that provides wide-ranging exposure to global
French defence electronics maker Safran is to acquire L-1 Identity Solutions, a US company that protects personal identities and assets, in a merger transaction providing for stockholders to receive USD12.00 per share in cash, for an aggregate enterprise value of
By Phil Griffiths – JP Fund Services was launched in 2007 as the first company in the JP Fund Group and is focused on assisting investment managers to create their own funds. We identified a niche in a market where
Brevan Howard, Europe’s largest hedge fund, will open a research office in São Paulo, Brazil. The firm already has offices in Europe, the US and Asia. The Latin America office will be headed by Mário Mesquita, formerly a Deputy Governor
Fitch Ratings has updated its Investment Manager and Alternative Funds Criteria report, which applies to the ratings of traditional investment managers, alternative investment managers, business development companies and alternative funds. The updated criteria report replaces the existing report of the
FUND LEGISLATION Collective Investment Funds (Jersey) Law 1988 and Control of Borrowing (Jersey) Law 1947. Financial Services (Jersey) Law 1998. NUMBER OF FUNDS Overall 1,370 Collective Investment Funds 1,139 Expert Funds 401 Specialist funds 957 Private equity/venture capital 273 Property
FUND LEGISLATION
Global Prime Partners (GPP) has been appointed as prime broker to IPGL, the private investment firm founded by ICAP chief executive Michael Spencer in 1986. GPP will provide a full range of prime brokerage services to IPGL including trade execution,
The over-the-counter commodity derivatives market has been shrinking since June 2008, falling by 78 per cent in terms of notional outstandings, a report by Celent says. Exchange-traded derivatives declined in 2007, but have grown 123 per cent since then. The
