The credit crunch tsunami has touched all sectors within the financial services industry, with each being affected in one way or the other.
Wells Fargo & Company is to acquire LaCrosse Global Fund Services (LaCrosse), an independently managed hedge fund administration and middle-office service provider, from Cargill, pending regulatory approval in several jurisdictions. The Structured Product Services division within Wells Fargo Corporate Trust
With the wave of global uncertainty refusing to depart anytime soon, many in the financial services sector are restructuring and rethinking their strategies.
In the wake of historic market losses and epic scandals, a restless and empowered investor base is demanding greater transparency and liquidity from managers, while focusing on absolute returns and uncorrelated investment strategies. This combination of factors is driving convergence
Former Dexion Capital and Morgan Stanley veteran Andrew Gale and Lee Ka Shao, who managed an absolute return mandate at DBS Bank, Singapore, after trading at JP Morgan, have launched th
Dillon Eustace has one of the largest financial services legal practices in Ireland.
The Greenwich Composite Investable Index advanced by 0.20 per cent in April as equity markets moved higher in choppy trading. Seven of nine Greenwich Investable Indices moved higher during the month and all remain positive for the year. The investable
Peter Moore, head of regulation & compliance, The IMS Group, is not expecting other hedge fund managers to follow George Soros’ lead in turning his firm into a family office… The announcement that George Soros will no longer manage outside
Ecofin Limited, an investment management firm specialising in the global utility, infrastructure, energy and alternative energy sectors, launched the Ecofin Global Oil & Gas Fund. This Cayman registered fund employs a long/short equity strategy, close to market-neutral. It offers monthly
Threadneedle has launched a new hedge fund, the Threadneedle Asia Crescendo Fund, that is designed to combine the asset manager’s expertise in Asian equities with its experience in running
