Peer-to-peer mortgage trading platform LendInvest has completed its first block trade of loans. The block of five bridging loans were purchased by a hedge fund that is looking to gain exposure to the UK mortgage market. LendInvest, which was
Capital Financial Global, Inc (OTC: CFGX), is in talks with a hedge fund to acquire a 40% interest in its management entity. "We are hopeful this will allow us to increase our funding capacity and simultaneously add some consistent fee
Following the sudden death of Andrew Dalton in April 2011, agreement has been reached, in principle, for the purchase of equity of Dalton Strategic Partners (DSP) from the Dalton family, by the executive partners of the firm. As a result
Alternative asset manager The Carlyle Group and the management of The TCW Group, an asset management firm, are to acquire TCW from Société Générale. As a result of the transaction, TCW management and employees will increase their ownership in
AlphaMetrix LLC, founder of the AlphaMetrix Global Marketplace (AGM), has acquired the hedge fund managed account assets of WR Group LLC. The acquisition of WR’s managed account assets across multiple strategies and asset classes will serve to strengthen the depth
Abacus Group, a provider of IT services for alternative investment firms, has completed the acquisition of competitor Proactive Technologies. The two companies will merge under the Abacus Group umbrella. Since its founding in 2007, Proactive has grown to service over
BlackRock has completed the acquisition of eFront, an end-to-end alternative investment management software and solutions provider. BlackRock says the combination of eFront with Aladdin will set a new standard in investment and risk management technology, vastly expanding Aladdin’s alternatives capabilities
State Street Global Markets, LLC (SSGM), intends to join SwapClear, LCH.Clearnet’s global over-the-counter (OTC) IRS clearing service, by June, 2012 subject to regulatory approval. SwapClear’s total clearing membership is currently 61. “Our membership will provide our institutional investor clients with
Mastercard is to make a USD300 million cornerstone investment in Network International’s planned IPO on the London Stock Exchange. The companies have also agreed to enter into a strategic partnership to support and accelerate the development of electronic payments in
JTC, a provider of fund, corporate and private wealth services to institutional and private clients, has acquired Exequtive Partners, a Luxembourg-based specialist provider of corporate and related fiduciary services. Exequtive Partners’ 28 employees, including the five principals, will all join
