IFG Group has signed an agreement for the sale of its entire International Division (Segment) to AnaCap Financial Partners II LP. The purchase price is GBP70 million (EUR84 million) which will be paid in full on the completion of the
Compliance and regulatory services provider Cordium has acquired HedgeStart, a provider of UK tax, accounting and regulatory compliance consulting services to the investment management and securities industries. The deal marks another chapter in a period of planned expansion for Cordium,
The Securities and Exchange Commission has established comprehensive arrangements with the Cayman Islands Monetary Authority (CIMA) and the European Securities and Markets Authority (ESMA) as part of a long-term strategy to improve the oversight of regulated entities that operate across
The newly launched EMERGENCE seeding platform, created in early 2012 with the backing of seven major French institutional investors and managed by internationally recognised seeder NewAlpha Asset Management, has announced its first seeding partnership with Eiffel Investment Group, through its
The Carlyle Group has completed its acquisition of Diversified Global Asset Management (DGAM), a global manager of hedge funds with more than USD6.7bn in managed and advised assets. Equity for the transaction came from Carlyle’s balance sheet. The transaction was
Financial Risk Management (FRM), a global hedge fund investment specialist, has established a strategic partnership with Itajubá International, a Brazilian alternatives specialist, to provide institutional investors in Brazil with access to global best of breed hedge funds. As part of
The Conifer Group and Vastardis Capital Services have signed a definitive merger agreement to combine their respective businesses. The newly formed company, to be called Conifer Financial Services, will be one of the largest independent alternative asset services firms offering
Liontrust Asset Management Plc has completed the acquisition of the fund management business of Occam Asset Management. The acquisition fulfills Liontrust’s publicly stated objective of expanding into the fast growing Asia and Emerging Markets asset classes to complement its existing
LCH.Clearnet Group Limited has signed non-binding heads of agreement with International Derivatives Clearing Group, LLC (IDCG) and The NASDAQ OMX Group, Inc (NASDAQ OMX) regarding the acquisition of IDCG. The transaction would represent the latest move by LCH.Clearnet Group to
BNP Paribas, following a competitive tender, has implemented a mandate to provide fund administration to Equinox Fund Management (Equinox), a US alternative asset manager with more than USD1.5 billion in assets under management. BNP Paribas administers a platform of independent
