Direct Access Partners, an institutional agency-only brokerage firm, is expanding its service offering with the addition of global prime services. This multi-prime brokerage will provide a single point of contact for both back-office operations and technology. Global prime services allows
The number of new hedge fund launches increased in the fourth quarter of 2009 even as the pace of liquidations continued to decline, according to data from Hedge Fund Research. During Q4 2009, an estimated 230 funds launched while 165
Newedge, a provider of multi-asset brokerage and clearing services, is reorganising its global business line structure. Newedge says the new structure better reflects the new global market environment and allows for a more efficient response to client needs. This global
NYSE Euronext has sold a significant minority ownership stake in its US futures exchange, NYSE Liffe US, to six firms: Citadel Securities, DRW Ventures, Getco, Goldman Sachs, Morgan Stanley, and UBS. NYSE Euronext will continue to be the largest shareholder
Palmer Square Capital Management, an investment management firm that provides portfolios of structured credit, corporate credit and hedge fund strategies, has closed on its third collateralised loan obligation (CLO). Palmer Square CLO 2014-1, which closed on 5 June 2014, is
Hedge funds posted an estimated inflow of USD7.1bn, or 0.5 per cent of assets, in January 2010, according to research by TrimTabs Investment Research and BarclayHedge. Total hedge fund assets stand at USD1.5trn, up 23.6 per cent from the April
SEI has been selected by AlphaOne Capital Partners to provide a complete outsourcing solution, including middle and back office services, for the firm’s portfolio of investment products. AlphaOne, an equity money management firm founded by former Gartmore chief executive Paul
Auriel Capital, an asset management firm specialising in absolute return strategies, is launching a market neutral fund called Auriel UK Equity Fund. The new hedge fund comprises both long and short investments in FTSE 100 companies. The fund complements
Hedge funds are increasing their short bets on US rates as the flow of economic data improved and inflation figures edged higher, according to Philippe Ferreira, head of research at Lyxor’s managed account platform. Moderate price pressures materialised recently (PCE
Edelgard Beister, director of Vega Asset Management Holdings, has reported improvement across all Vega’s funds in February 2010. The net returns for February 2010 are as follows: Vega Global: 1.14 per cent (year to date: 2.95 per cent); Vega Select
