Investor redemptions from hedge funds in October outpaced new allocations for the second consecutive month resulting in a slight net outflow of USD2.9 billion (only 0.10% of AUM), according to eVestment. The industry has not had two consecutive months of
Independent fund services provider Butterfield Fulcrum, and Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg. This relationship offers
Actavis is to acquire pharmaceutical company Allergan for a combination of USD129.22 in cash and 0.3683 Actavis shares for each share of Allergan common stock. Based on the closing price of Actavis shares on 14 November, 2014, the transaction
Preqin examines the recent surge in European fundraising, including the growth of debt and distressed strategies and the increasing flow of international capital into the region. European fundraising has improved dramatically over the last year, reflecting growing investor appetite for
Irish start-up, Fund Recs, a developer of cloud-based reconciliation software to global fund administrators to to provide trade processing solutions for Capita Asset Services fund business in Ireland. Fund Recs software will be used to automatically capture trades from Fund
This week the Management Board of Directors of the Palaedino Fund announced that London-based Sabre Fund Management Limited had launched the Sabre Dynamic Equity Fund. This is the seventh fund to join the Palaedino UCITS Platform, a Luxembourg SICAV established
Equinox Funds has expanded its Alternative Strategy Platform with the addition of the Equinox Aspect Core Diversified Strategy Fund (EQAIX). By deploying a medium-term trend following strategy developed by Aspect Capital Limited (Aspect), a legendary alternative asset management firm based
SW Mitchell Capital, the USD2billion London-based European equities specialist is planning to soft close the
Credit Suisse Asset Management (CSAM) has closed its ILS Property & Casualty Fund (the P&C Fund) with a total of USD576 million in capital commitments from a diverse mix of institutional investors. The P&C Fund includes investors from the US
Aliier, a global TAMP working with equity managers, fixed income managers, alternatives and hedge funds, has signed Seattle-based Rainier Investment Management as a sub-advisor to the Aliier Passport platform. Rainier joins a growing line-up of fund managers who are taking
