Hedge fund Elliot Associates is planning to nominate five executives to the board of Hess Corp as it looks to force a break up of the US oil and gas company. Activist investor Elliott, which currently own about four per
Fiera Capital has closed the acquisition of the Canadian fixed income, Canadian equity and domestic balanced account business from UBS Global Asset Management (Canada). The deal represents assets under management of approximately CAD8bn for a cash consideration of CAD52m, subject
Aston Hill Financial has completed its purchase of Citadel Securities, a provider of investment advice and services to private and institutional investors. The deal was previously announced on 15 November. Aston Hill is a diversified asset management company with a
ModusLink Global Solutions has entered into an investment agreement with Steel Partners Holdings, which together with certain affiliates, including Handy & Harman, beneficially owns 14.9 per cent of ModusLink’s outstanding shares. Under the terms of the agreement, Steel Holdings would
The partners of Bedell Cristin have announced a plan to merge with Cayman-based law firm, Solomon Harris. It is hoped that the deal will complete by the end of August, and Solomon Harris will rebrand as Bedell Cristin at a
The IFG Trust and Corporate Group has concluded its acquisition of Moore Group following receipt of regulatory approval from the Jersey Financial Services Commission (JFSC). The acquisition marks a significant development in the group’s growth strategy within the international fund
The first mobile-focused personal wealth manager exclusively for crypto assets, B21, has announced a partnership with Salus Alpha, a licensed and regulated investment provider for retail and institutional clients. Through this partnership, B21 will list Salus Alpha’s Smarter than Crypto
Qatar Reinsurance Company Limited (Qatar Re), a multi-line reinsurer authorised by the Bermuda Monetary Authority, is to cease writing new and renewal business from its branch office in Singapore, with effect from 20 July 2018. The Company says it will
Aquiline Capital Partners, a New York-based private equity firm investing in the financial services sector, and Genstar Capital, a middle market private equity firm based in San Francisco, are to acquire Genworth Wealth Management from Genworth Financial for USD412.5m.
Investment banking and alternative asset management firm JMP Group has closed a USD407.8 million collateralised loan obligation (CLO) transaction issued by two newly formed special purpose vehicles and backed by a diversified portfolio of broadly syndicated leveraged loans. The notes
