Empaxis Data Management, a provider of back office services for independent investment advisers, has completed its management-led buyout from Aspiriant. Terms of the deal were not disclosed. Empaxis administers over USD20bn in assets for some of America’s largest multi-family offices,
The Lyxor Hedge Fund Index was up 1.44 per cent in October, bringing its year-to-date performance to 4.30 per cent. The top performing strategies over the month were Lyxor CTAs Long Term Index (3.21 per cent), Lyxor Global Macro Index
RWC has launched a Cayman-based European Focus Fund with USD145m under management, representing support from existing investors. The fund will be managed by the European Focus team who joined RWC from Hermes in October 2012 and replicates the existing
Western European CDS spreads have experienced a relatively stable quarter, despite receiving news that Cypriot banks – after taking a hit on their investment in Greek bonds – were insolvent, according to S&P Capital IQ’s latest quarterly Global Sovereign Debt
Gartmore has appointed Goldman Sachs to conduct an “assessment and evaluation of the strategic options for the Company”, which may include the possibility of a sale or merger, in tandem with the announcement that Roger Guy (pictured), head of the
The Market Authority of the Channel Islands Stock Exchange (CISX) has approved its 5,000th security for admission to its Official List. The listed security, sponsored by Ogier, is a special purpose vehicle from specialist real estate debt provide, Capital
Although average 2010 base salaries for investment professionals and traders were essentially flat from 2009 levels, year-end bonuses are expected to climb five per cent on average, according to a report by Glocap Search and Hedge Fund Research. The 2011
Maitland, a fund administrator, has reached USD100bn of assets under administration. This follows a contract with South Africa’s largest multimanager, Investment Solutions, to administer its underlying investment manager portfolios. Maitland operates internationally with South Africa as an offshore fund servicing
GlobeOp Financial Services has completed a Type ll independent examination of its middle, back office and fund administration controls and Transaction Solutions, according to new international standards replacing Statement on Auditing Standards No.70 (SAS 70). The Big Four auditing firm
Gravitas is expanding its presence in India, including moving to a new larger office in Mumbai, prompted by an increase in demand for its services. Gravitas is a co-sourcing platform providing cloud technology, collaborative outsourcing, risk support and research to
