Insurance provider Apsley Specialty has joined forces with Lloyd’s Pembroke Syndicate 4000 to provide capacity for its insurance offering to the alternative asset management sector. Pembroke, a wholly owned subsidiary of Ironshore Inc, operates as a syndicate within the Lloyd’s
Man Group's deal to acquire Pine Grove is part of a selective acquisition strategy that may boost the firm's diversification and scale, according to Fitch Ratings. Business diversification could mitigate the risk of outflows driven by market volatility and investors'
The Reserve Bank of India’s (RBI) guidelines on securitisation transactions could promote the long-term growth of the Indian securitisation market, pending clarity on the tax treatment of Pass-Through-Certificates (PTCs), Fitch Ratings says. Fitch believes that the requirement for a minimum
Northern Lights Capital Group and WHV Investment Management have invested in EAM Investors, a California-based manager which focuses on small and micro-cap equities. Northern Lights and WHV will be teaming up with EAM to grow its international business, consisting of
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
