Northern Trust has successfully closed its acquisition of Omnium LLC from Chicago-based Citadel LLC. Northern Trust had announced its intention to acquire the hedge fund administrator with approximately USD70 billion in assets under administration on May 16, 2011, subject to
Managed futures gained 13.90 per cent in 2008, the best annual performance for CTAs since their 21.02 per cent return in 1990, according to the Barclay CTA Index compiled by BarclayHedg
BlackRock, the world’s largest independent asset manager, has reported asset under management of USD1.31trn at the end of December, and while net income for 2008 was down 21 per cent to
European equities boutique Argonaut Capital has announced the launch of the Argonaut European Absolute Return Fund, managed by Argonaut founding partner Barry Norris, which will aim to
The Cayman Islands Directors Association (CIDA) has welcomed the judgement of Justice Jones QC relating to the failings of directors of a hedge fund in the Grand Court in the Weavering Macro Fixed Income Fund Limited case (Weavering) issued on
Prime brokers and hedge funds have a longstanding relationship in the overall hedge fund ecosystem. Through primes, fund managers have access to a suite of specialised services, including cap intro, trade execution, securities lending, margining, international market access, cash trading,
NYSE Euronext (NYX) has reported net income of USD154 million, or USD0.59 per diluted share, for the second quarter of 2011, compared to net income of USD184 million, or USD0.70 per diluted share, for the second quarter of 2010.
US firms that authorise and announce share repurchase programmes, aka buybacks, have historically shown statistically and economically significant outperformance following the announcements, according to a report issued by S&P Capital IQ. This research, authored by S&P Capital IQ’s Quantamental Research
SJ Berwin has confirmed that it aims to open later this year in Dubai, the firm’s first office in the Middle East.
Australian hedge funds returned 2.21 per cent in March compared with -1.45 per cent in February, according to a review by Australian Fund Monitors.
