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
SS&C Technologies, a provider of financial services software and software-enabled services, has acquired full-service fund administrator Gravity Financial. The transaction, which adds 40 fund services customers and 10 staff, supports SS&C’s strategy of targeted growth and leadership in the alternative
GFI Market Data, a division of GFI Group Inc (NYSE: GFIG) and QUICK Corp have signed an agreement whereby GFI will supply QUICK with credit derivatives market data as of 23 April, 2012. GFI Group, via its GFI Market
Eurex Clearing and Pirum Systems announced have entered into a Connectivity Agreement to facilitate access to Eurex Clearing’s upcoming CCP service for securities lending. Pirum Systems is an acknowledged market leader in automating post-trade processes for the securities finance industry.
BTIG, a financial services firm specialising in institutional trading and related brokerage services, has secured a strategic investment from CLSA. BTIG and its global affiliates will continue to operate as fully independent organisations. CLSA, an Asian independent brokerage and
Citi has been awarded a mandate from Guggenheim Investment Advisory, a division of Guggenheim Partners, to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform. "We are pleased to be
Absolute return manager GEMS Groups has received legal and regulatory approval for its acquisition of Kenmar-Olympia. Following the merger the combined business will be known as the GEMS Kenmar-Olympia Group and will be active in managing over USD2bn through a wide
