Multi strategy alternative investment firm Tennenbaum Capital Partners has closed Tennenbaum Opportunities Fund VI, LLC with capital commitments of USD530 million from new and existing limited partners. The Fund will focus on discounted and debt-for-control oriented market opportunities as well
The Commodity Futures Trading Commission has voted to approve the Cantor Futures Exchange’s Domestic Box Office Receipts futures contract on the motion picture The Expendables. This includes specific modifications requested by the CFTC to guard against manipulation or any other
After the financial crisis and the accompanying falls in the stock markets, many commentators have questioned the appropriateness of tracking cap-weighted indices. These indices are particularly inefficient and, through their momentum properties, favour the emergence of speculative bubbles. Research from
The financial crisis had a profound impact on patterns of M&A in financial services across Europe during 2008, reversing many well-established trends in deal activity, according to
BNY Mellon has been chosen by Goldman Sachs International to provide a segregated sub-custody service to its prime brokerage clients through Montague Place Custody Services. Through the service, MPCS will use BNY Mellon to hold and safekeep their clients’ assets
dms Management Ltd (DMS), a fund governance firm serving the hedge fund industry, has opened a New York office, dms Management (USA) Inc, at 1230 Avenue of the Americas, 7th Floor, Rockefeller Center. The New York office is headed by
ClearBridge Energy MLP Fund has raised approximately USD1.268bn in its common stock offering, assuming full exercise of the underwriters’ overallotment option. Its shares have begun trading today on the New York Stock Exchange under the symbol CEM. The fund’s investment
By Simon Gray – Malta’s efforts to put itself on the map as a fund domicile and servicing centre within the European Union have been an undoubted success. Although fund numbers and aggregate assets are still low by comparison with
Activity in UK financial services grew in the last three months at the fastest rate since September 2007. But this growth was much lower than expected and firms still consider levels of business to be well below normal, the latest
By Anthony O’Driscoll – Apex Fund Services opened in Malta in June 2008 and the business has grown in tandem with the development of the jurisdiction as a European fund services hub. Malta’s attractiveness to international asset managers has increased
