Man Group is to acquire London-based hedge fund research and investment specialist Financial Risk Management (FRM) in a deal worth up to USD82.8million. Once the acquisition is completed, which is expected to be before the end of Q3 2012, FRM
Franklin Resources, which operates as Franklin Templeton Investments, has agreed to acquire a majority stake in K2 Advisors, an independent fund of hedge funds manager. The acquisition will enhance Franklin Templeton’s alternative investments and multi-asset solutions platforms. The proceeds of
A new report by KPMG has found that European asset managers are strongly opposed to plans by the European Commission to categorise some UCITS funds as “complex” reported the Financial Times this week. The report surveyed 23 fund houses accounting
Goldman Sachs Asset Management (GSAM) has entered into an agreement to acquire smart beta business Westpeak Global Advisors. In addition to customisable solutions for smart beta investing, Westpeak also brings strategic alliances with global index providers and asset owners.
Kleinwort Benson Group (KBG), the wholly owned subsidiary of financial services group RHJ International (RHJI), has reached agreement with Deutsche Bank to acquire BHF-BANK, a German private bank. The transaction is subject to regulatory approvals. Under the transaction, KBG will
Cheyne Capital Management (UK) LLP announced the launch of a pair of UCITS IV funds this week: the Cheyne Global Credit Fund and the Cheyne European Real Estate Bond Fund.
Cheyne Capital Management (UK) (Cheyne Capital) is launching two UCITS IV compliant funds – the Cheyne Global Credit Fund and the Cheyne European Real Estate Bond Fund. Cheyne is the investment manager to the funds with Citibank International plc, Ireland
Kinetic Partners has opened a new office Jersey, the firm’s first presence in the Channel Islands. The new Channel Islands office will support global financial services organisations and local firms, with a focus on regulatory, compliance, due diligence, tax and
SEB’s Dynamic Manager Alpha fund is now accessible to retail investors via a new Ucits format. Launched in 2005 as a managed account, the strategy has a seven year track record, returning consistent positive growth every year since inception. The
Assets of the Matrix Lazard Opportunities Fund have merged with the newly created Dublin-domiciled Lazard Opportunities Fund following the recent decision by Matrix Group to close its dedicated UCITS platform reported Investment Europe this week. It becomes part of Lazard
