BNY Mellon has completed its acquisition of HedgeMark International, a provider of hedge fund managed account and risk analytic services. Financial terms of the transaction have not been disclosed. HedgeMark will become part of BNY Mellon’s asset servicing business,
WTP Advisors’ Capital Markets division will separate from the company and become a standalone business effective immediately. The new business will be named Avalon Lake Partners and is relocating its headquarters to New York City. Led by industry veterans Lou Sala,
Global Derivatives Indices (GDI), a wholly owned subsidiary of Global Markets Exchange Group International (GMEX Group), is forming a strategic collaboration with Tullett Prebon Information (TPI). The deal allows GDI the rights to use TPI’s high quality, independent over-the-counter derivatives data
KKR has confirmed that all necessary consents and regulatory approvals to acquire Prisma Capital Partners have been obtained and that the closing is anticipated to occur in October 2012. KKR announced its agreement to acquire Prisma, a provider of customised
Palmer Square Capital Management, along with Montage Investments and Atlantic Asset Management, has agreed a partnership with Geneva Arbitrage Fund. Geneva invests in equity opportunities of companies that are engaged primarily in corporate transactions such as mergers and acquisitions while
Man Group is to acquire London-based hedge fund research and investment specialist Financial Risk Management (FRM) in a deal worth up to USD82.8million. Once the acquisition is completed, which is expected to be before the end of Q3 2012, FRM
Franklin Resources, which operates as Franklin Templeton Investments, has agreed to acquire a majority stake in K2 Advisors, an independent fund of hedge funds manager. The acquisition will enhance Franklin Templeton’s alternative investments and multi-asset solutions platforms. The proceeds of
Goldman Sachs Asset Management (GSAM) has entered into an agreement to acquire smart beta business Westpeak Global Advisors. In addition to customisable solutions for smart beta investing, Westpeak also brings strategic alliances with global index providers and asset owners.
Kleinwort Benson Group (KBG), the wholly owned subsidiary of financial services group RHJ International (RHJI), has reached agreement with Deutsche Bank to acquire BHF-BANK, a German private bank. The transaction is subject to regulatory approvals. Under the transaction, KBG will
Kinetic Partners has opened a new office Jersey, the firm’s first presence in the Channel Islands. The new Channel Islands office will support global financial services organisations and local firms, with a focus on regulatory, compliance, due diligence, tax and
