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
Alternative UCITS funds returned 0.75 per cent on average in May according to the latest figures released by Alix Capital, provider of the UCITS Alternative Index Global. Every strategy, with the exception of volatility, produced positive returns. The best performing
Alceda Fund Management SA this week announced a new fund on its Alceda UCITS Platform (AUP). The CCMG Navigator – Tactical Fixed Income Fund, managed by Philadelphia-based Clark Capital Management Group, Inc. The Lux-domiciled fund continues the strategy of the
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
Burren Capital Advisors has launched Global Arbitrage equities fund on the MontLake UCITS platform, an independent platform providing investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin. The MontLake Burren Global Arbitrage UCITS
Private equity fundraising through the first quarter is examined in this extract from the Preqin Quarterly Update: Private Equity, Q1 2015. Q1 2015 has seen a marked drop in the number of private equity funds closed, down from 324 in
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
Northern Trust Hedge Fund Services has launched its Portfolio Analytics and Compliance (PAC) service, a guideline testing and portfolio metrics service for hedge fund managers, managed account platform sponsors. The PAC service allows clients on Northern Trust’s Omnium technology platform
In the Bain & Co Global Healthcare Private Equity Report 2015, the prominence of early stage investments in the healthcare sector is a recurring theme, detailing how larger funds are continuing the trend of investing down market. Preqin’s Funds in
