Yahoo! is to repurchase 40 million shares of Yahoo! common stock beneficially owned by hedge fund Third Point at a purchase price of USD29.11 per share. The purchase price equals the closing price of Yahoo! common stock on 19
Cantor Fitzgerald Asset Management (CFAM), a subsidiary of Cantor Fitzgerald, has acquired California-based Fintan Partners, a fixed income absolute return fund of hedge funds. Fintan, led by founder Alexander Klikoff, will become part of Cantor Fitzgerald Asset Management (CFAM).
KKR & Co has acquired a 24.9 per cent interest in BlackGold Capital Management, a credit-oriented hedge fund specialising in energy and hard asset investments. Financial terms of the transaction have not been disclosed. Established in 2006 by co-founders
SEI has been selected by Asset Value Investors (AVI) to provide full fund administration and trustee and custodial services for the investment manager’s new Irish Qualified Investment Funds (QIFs). AVI, a London-based global manager, launched the QIFs to offer
Sal Naro, former co-managing partner of Sailfish Capital, a USD4.4 billion asset management firm with approximately USD2 billion in hedge fund assets, is launching Coherence Capital Partners LLC (Coherence Capital). Naro was most recently a shareholder in and Vice Chairman
Kanaly Trust has partnered with Meritage Capital to develop alternatives investment solutions for high net worth (HNW) investors as part of their portfolio strategy. This is a joint effort between the two firms with Meritage acting as a sub-advisor.
Gary D Halbert has acquired certain assets of active money manager database Theta Investment Research of Phoenixville, Pennsylvania. The new firm, Theta Research, will be based in Austin, Texas as are Halbert’s other interests, namely Halbert Wealth Management, ProFutures, and
Private equity and alternative firms are moving down market to support the retail marketplace, according to research from analytics firm Cerulli Associates. "Private investment managers, following in the tracks of hedge-fund-focused alternative firms and traditional long-only managers, are tapping the
The Depository Trust & Clearing Corporation (DTCC) has completed its 100% acquisition of Omgeo. By leveraging both companies’ capabilities under a unified strategy, the acquisition enables DTCC to further expand its global footprint, advance service innovation and reduce risks and
The chairmen’s committee of Euronext regulators has issued a letter to ICE and NYSE Euronext indicating that they are "not minded to object" to the proposed merger between the two companies. With this important milestone achieved, ICE and NYSE Euronext
