Gary D Halbert has acquired certain assets of active money manager database Theta Investment Research of Phoenixville, Pennsylvania. The new firm, Theta Research, will be based in Austin, Texas as are Halbert’s other interests, namely Halbert Wealth Management, ProFutures, and
Private equity and alternative firms are moving down market to support the retail marketplace, according to research from analytics firm Cerulli Associates. "Private investment managers, following in the tracks of hedge-fund-focused alternative firms and traditional long-only managers, are tapping the
The Depository Trust & Clearing Corporation (DTCC) has completed its 100% acquisition of Omgeo. By leveraging both companies’ capabilities under a unified strategy, the acquisition enables DTCC to further expand its global footprint, advance service innovation and reduce risks and
The chairmen’s committee of Euronext regulators has issued a letter to ICE and NYSE Euronext indicating that they are "not minded to object" to the proposed merger between the two companies. With this important milestone achieved, ICE and NYSE Euronext
Morgan Stanley has been selected by BlackRock to serve as one of its primary clearing brokers for over-the-counter (OTC) derivatives transactions. Morgan Stanley acted as BlackRock’s clearing broker for its first live production transactions. “We believe that OTC clearing can
SS&C Technologies has acquired Prime Management Limited, a fund administrator and a service provider to investment structures, sponsors and managers in the insurance linked securities market. Prime currently services 25 managers with USD6bn in assets under administration (AUA) from its
Milbank, Tweed, Hadley & McCloy represented affiliates of KKR Asset Management (KAM) in connection with the USD300m upsize of the existing KKR Financial CLO 2011-1 secured financing. This permitted the CLO issuer to borrow up to an incremental USD225m to
Five major financial institutions have taken a minority stake in Chi-X Global Holdings LLC, the holding company for Chi-X market operators Chi-X Canada, Chi-X Japan and Chi-X Australia, which will launch on 31 October, 2011. It also jointly operates Chi-East,
JTC Group, an independent provider of private client, fund and corporate services, has acquired a substantial book of private client business from Herald Trust Company Limited, which is no longer part of the Herald Group. In addition to purchasing the
New York Life Investments is to acquire full ownership of Dexia Asset Management – an international asset manager with approximately USD100bn in assets under management – for EUR380m. With management centres in Brussels, Paris, Luxembourg and Sydney, Dexia offers global
