GFI Group has agreed to acquire certain assets of Phoenix Partners Group, an independent inter-dealer broker operating mainly in the international credit and equity markets. As part of the transaction, GFI will be taking on approximately 32 brokers (divided
Deutsche Bank and Financial Risk Management (FRM) have announced a partnership to launch the industry’s first hedge fund seeding managed account platform. The dbalternatives Discovery platform, based on Deutsche Bank’s established and award winning dbalternatives managed account platform, extends
March proved to be a challenging month with the majority of alternative UCITS strategies delivering negative returns. According to figures released by Geneva-based Alix Capital, provider of the UCITS Alternative Index Global which tracks more than 700 single-manager funds, the
Global hedge fund heavyweight Och-Ziff, with approximately USD29billion in AUM (as of 1 April, 2011), has teamed up with Bank of America Merrill Lynch (BAML) to laun
Former Liontrust Asset Management CEO Nigel Legge’s new firm Vinculum has launched the IM Vinculum Global Equity fund, a Ucits-compliant product.
RiverCrest Capital, the absolute return firm established by Sir John Beckwith’s Pacific Investments last year, has launched its second offering with the
GoldMoney has separated its digital currency-focused arm, Netagio Limited, which it launched in December 2013, from the GoldMoney group. Chief executive officer Geoff Turk says the decision to make Netagio a standalone company is down to the dynamic nature of
With less than three months to go until new legislation ushers in major changes for the European hedge fund industry, a new report reveals that the continent’s share of the global market has remained surprisingly stable at just over a
Funds managed by Värde Partners have completed the acquisition of FirstCity Financial Corporation. Mark B Horrell, who previously served as senior vice president and head of US acquisitions of FirstCity, has been appointed chief executive officer of FirstCity, succeeding
RiverRock European Capital Partners has acquired a controlling stake in Chenavari Financial Advisors, the broker-dealer business of Chenavari Financial Group. The transaction was completed on 17 May 2013 and the business has been renamed RiverRock Securities (RRS). Established
