Backstop Solutions Group, a Software-as-a-Service provider to the alternative asset management industry, has acquired the PerTrac CMS product line, a customer relationship management tool built exclusively for the institutional investment community.   The business was acquired from eVestment, a provider

GFI Group has agreed to acquire certain assets of Phoenix Partners Group, an independent inter-dealer broker operating mainly in the international credit and equity markets.   As part of the transaction, GFI will be taking on approximately 32 brokers (divided

Deutsche Bank and Financial Risk Management (FRM) have announced a partnership to launch the industry’s first hedge fund seeding managed account platform.   The dbalternatives Discovery platform, based on Deutsche Bank’s established and award winning dbalternatives managed account platform, extends

GoldMoney has separated its digital currency-focused arm, Netagio Limited, which it launched in December 2013, from the GoldMoney group. Chief executive officer Geoff Turk says the decision to make Netagio a standalone company is down to the dynamic nature of

Funds managed by Värde Partners have completed the acquisition of FirstCity Financial Corporation.   Mark B Horrell, who previously served as senior vice president and head of US acquisitions of FirstCity, has been appointed chief executive officer of FirstCity, succeeding

RiverRock European Capital Partners has acquired a controlling stake in Chenavari Financial Advisors, the broker-dealer business of Chenavari Financial Group.   The transaction was completed on 17 May 2013 and the business has been renamed RiverRock Securities (RRS).   Established

Commodities alternative investment manager J E Moody has joined dbSelect, Deutsche Bank’s platform for accessing liquid hedge fund strategies.   The move allows investors to access J E Moody’s Commodity Relative Value (CRV) Program in a transparent, safe, liquid and

IA Englander & Co has agreed to transfer its managed account and prime services platform (MA&PS) to Concept Capital Markets. IA Englander says its resources are best aligned with other parts of the marketplace and that transferring MA&PS to Concept

ICAP, a markets operator and provider of post trade risk mitigation and information services, has made an investment in Enso Financial Management (EFM), an early-stage firm providing hedge funds and asset managers with portfolio reporting and data analytics services.  

Red Kite, a metals-focused fund groups, has selected Butterfield Fulcrum as the firm’s fund administrator. After a detailed analysis of Red Kite’s specific needs, Butterfield Fulcrum designed a customised solution to answer the client’s requirements. Teams from both Red Kite