Q&A with Gary Smith, Partner, Loeb Smith Attorneys Could you briefly explain the concept of the Segregated Portfolio Company? Once registered under the Cayman Islands Companies Law, a segregated portfolio company (“SPC”) can operate segregated portfolios (“SPs”) with the benefit
The Carlyle Group is to acquire Diversified Global Asset Management (DGAM), a manager of hedge funds with more than USD6.7bn in managed and advised assets. Equity for the transaction will come from Carlyle’s balance sheet. The transaction is expected to
The State Street Global Investor Confidence Index decreased to 70.2 in January, down 9.4 points from December’s revised reading of 79.6. Confidence among North American investors worsened, with the North American ICI decreasing from 74.5 to 66.8. The European ICI
The Mizuho-Eurekahedge Index (USD), an asset-weighted index representing the global hedge fund industry performance was down 0.39 per cent in December, bringing its year-to-date loss to 4.09 per cent amidst the global equity market sell-off. Despite ending the year in
Apex Group (Apex) and Genstar Capital (Genstar) have acquired the Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division. The acquisition increases Apex’s global assets under administration (AUA) to nearly USD600 billion. The
PEGAS, the pan-European gas trading platform operated by Powernext, achieved its best trading results on its spot segment in 2018 by reaching 1,111.2 TWh, improving its previous record (826.2 TWh in 2017) by over 34 per cent. The total traded
Guardian Capital Group is to acquire a specialist boutique emerging market equity investment firm in London, providing the firm with an international platform to expand its asset management business. Guardian has agreed to acquire London-based Zephyr Management (UK) Ltd, manager
The Risk and Asset Management research centre at French business school Edhec notes that June saw a very sharp decline in the stock markets with the S&P 500 plungi
Oaktree Capital Group and China Cinda Asset Management are to jointly invest in distressed assets in China and to cooperate with respect to distressed assets investments in markets outside China. The memorandum of understanding states that Oaktree and Cinda will
Meadowbrook Capital Management, a hedge fund manager with offices in New York and Chicago, has launched its second fund, the Meadowbrook Beta Neutr
