Saba Capital Management, the USD4.7 billion hedge fund set-up by credit derivatives trader Boaz Weinstein, has appointed Throgmorton to provide a full-range of back-office services for its new UK operations. Saba Capital set up its UK entities in June, and
Event-driven investment firm Pinyon Asset Management has partnered with alternative asset management firm GCM Grosvenor. Patrick Burke, former event-driven equity portfolio manager at Sandell Asset Management from 2004-2010, is the chief investment officer and managing partner of Pinyon. Burke
Specialist finance and advisory firm Trafalgar Capital Advisors (TCA) has entered into a strategic partnership with Marylebone Fund Management Group to launch the PreIpo2Ipo fund, which will provide bridge financing to innovative organisations seeking listing on small-cap exchanges or listing
The signing of Jersey’s Tax Information Exchange Agreement (TIEA) with India is a welcome development in the island’s progress in establishing closer commercial ties with the country, according to Jersey Finance chief executive, Geoff Cook. “For the last five years
Walter Global Asset Management (WGAM), the Walter Group’s private equity firm focused on asset management, has acquired a minority stake in Quadra Capital Partners (Quadra Capital) – an asset management firm specialising in alternative investments, with offices in London, Paris
Robert Quinn Consulting Limited (RQC) and Capricorn Fund Managers Limited (CFM) have strengthened their long-standing partnership with CFM taking a significant interest in RQC. RQC is a leading compliance consulting and advisory firm founded in 2007, with offices in London
First Eagle Investment Management (First Eagle) is to acquire THL Credit Advisors, an alternative credit manager with approximately USD17 billion in assets under management as of 30 September, 2019. The acquisition complements First Eagle’s established alternative credit platform, solidifying its
Risk concentration in investor portfolios has been building in a prevailing ‘risk-on’ environment, leading to substantial growth in global equity markets over the past decade. There are numerous reasons for this, led principally by the decisive action of central bankers
Opus Fund Services, an independent fund administrator, has acquired the hedge fund administration unit of Agile Hedge Solutions, LLC based in San Francisco. Opus, based in Bermuda and with offices in Chicago and San Francisco, expects the transaction will immediately
INTL FCStone has executed a definitive sale and purchase agreement to acquire the brokerage businesses of Tellimer Group. This transaction will involve the purchase of Exotix Partners, Tellimer Capital Ltd (Nigeria) and the broking business of Tellimer Markets Inc. The
