Strategic Investment Group (Strategic), an asset allocator with USD27.9 billion in assets under management, has selected Sophis VALUE for cross-asset trading and global risk management. Sophis VALUE provides Strategic, the aiCIO magazine 2011 Investment Outsourcing Award Winner, with a single
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight has certified a Dow Jones Industrial Average Futures contract submitted by the Osaka Securities Exchange (OSE). The contract satisfies the requirements of the Commodity Exchange Act and the Commission’s Regulations
On the 23 April 2012, Germany and Luxembourg signed a new Double Tax Treaty ("the Treaty") which is to replace the previous treaty dating back to 1958. And according to Dechert, the new Treaty may impact on many US, UK
Apex Fund Services has opened its second US office in Miami, Florida. Apex has grown by 185% since 2009. Apex’s US operations are currently managed from its office in New Jersey which is run by Managing Director Vince Sarullo. He
UBS AG has acquired an equity stake in Chi-X Global Holdings LLC and will join the consortium of five financial institutions that recently bought a minority stake in the firm. The group that UBS joins comprises BofA Merrill Lynch, GETCO
Citco Corporate & Trust has reached an agreement to acquire Société Européenne de Banque’s (SEB) Corporate Management Services business. SEB plans to focus on its core banking activities. SEB is the Luxembourg establishment of Intesa Sanpaolo Banking Group, Italy’s leading
Krishna Kumar, Ade Odunsi and Treesdale Partners have formed Goose Hollow Capital Advisors to run two FX investment strategies, FX Global Income Access and Commodity Producers Currency Access. Kumar and Odunsi are veterans of the FX business with a combined
PineBridge Investments has signed an agreement to invest in, and provide services to, Method Holdings (Method), a financial holding company focused on aggregating the wealth management subsidiaries of “Top 100” CPA firms. The PineBridge-Method partnership is designed to bring PineBridge’s
State Street Corporation has agreed to acquire hedge fund administrator Goldman Sachs Administration Services (GSAS) from The Goldman Sachs Group, in a cash transaction with a total purchase price of USD550 million. The deal, which pending regulatory approvals and other
The existing management team of Larch Lane Advisors, a specialist in early stage hedge fund investing and seeding, is to acquire the business from parent company Old Mutual Asset Management (US). The transaction is expected to close by the end
