Fortress Investment Group has closed the Fortress MSR Opportunities Fund II at its cap of USD1.1bn. MSR Fund II is a successor fund to the Fortress MSR Opportunities Fund I, which closed in August 2012 with USD608m in total
NYSE Euronext has migrated its European bond products onto its new Universal Trading Platform.
Efforts in the US Congress to change the tax treatment of hedge fund managers and private equity firms may have been halted last year, but they have not gone away.
Lehman Brothers is acquiring LightPoint Capital Management, a leveraged loan investment manager with around USD3.2bn in assets under management that will become an integral part of Lehman
Investec Asset Management’s first commodity hedge fund, the Guernsey-domiciled Global Commodities & Resources Fund, has marked its first anniversary by delivering returns of more than
The presence of illiquid and hard-to-value assets in hedge fund portfolios could expose fund directors to enhanced legal risks as they prepare to sign off 2007 annual reports at the end of
Cogent Consulting, a developer of commission management systems for the securities industry, has signed a non-binding letter of intent for the sale of a majority of the company to a gro
Multi-manger hedge fund advisory firm Evanston Capital Management (ECM) has successfully migrated its core servers and applications to the Gravitas Private Cloud. Gravitas’Private Cloud is a secure, scalable and integrated solution built on VCE’s Vblock state-of-the-art virtualization and cloud technology.
Payden & Rygel Global has launched three enhanced cash liquidity funds denominated in sterling, euros and US dollars that are designed to offer investors attractive yields in excess of
Curt Custard is to join UBS Global Asset Management as head of global investment solutions, based in London and reporting to John Fraser, chairman and chief executive of UBS Global Asset M
