361 Capital, an asset management firm specialising in liquid alternative investments, has entered into a strategic partnership with private equity firm Lovell Minnick Partners. Lovell Minnick Partners will assume a minority ownership stake in the Denver-based alternatives firm. Transaction terms
Man Group is to acquire Pine Grove Asset Management, a USD1bn US-based fund of hedge fund manager specialising in the management of credit-focused hedge fund portfolios. The transaction is subject to customary closing requirements and is expected to close in
North Street Global Fund Services, an alternative asset administrator, has closed on its acquisition of Los Angeles-based hedge fund administrator Hedge Solutions. North Street Global Fund Services chief operating officer Joseph Musto, who co-headed the acquisition team, says: “Hedge Solutions
UK-based hedge fund manager Man Group has confirmed that it is in talks to acquire Boston-based fund management group Numeric Investors. According to a short statement on the group’s website, the company says that it: “notes the recent press speculation
The Cyprus Investment Funds Association (CIFA) has formed a strategic partnership with law firm, King & Wood Mallesons (KWM) to develop the legal and regulatory framework for investment funds in Cyprus. KWM will conduct a comprehensive review of the Cypriot
The European Energy Exchange (EEX) and the Kazakh commodity exchange Caspi JSC have concluded a cooperation agreement. Signed on 15 May 2014 at the International Carbon Forum in Astana, Kazakhstan, both companies expressed their joint commitment to develop exchange-based emissions
Activist hedge fund Elliott Advisors, the largest shareholder of Alliance Trust, has agreed to withdraw its three resolutions from the company’s Annual General Meeting on 29 April 2015 and has committed to support the Board and management on all other
Societe Generale has been mandated by the investment management company, Cyan Oak Capital LLP, to process derivatives for its range of alternative investment funds. Cyan Oak Capital will benefits from “Orchestra”, Societe Generale’s global offering dedicated to managing the post-trade
China Everbright Limited (CEL) and Sinowel Enterprise Group (Sinowel) have signed a strategic partnership agreement to start their co-operation towards the secondary market of trust beneficiary rights. CEL and Sinowel plan to maximise their value, as well as leveraging their
GMEX Technologies (GMEX TECH), part of the Global Markets Exchange Group International, and Avenir Technology Limited (Avenir), the UK based post-trade software firm, have partnered with the Agricultural Commodity Exchange for Africa (ACE). This partnership will deliver a new system
