NewStar Financial has closed the NewStar Berkeley Fund CLO, a USD505 million middle market collateralised loan obligation managed for qualified institutional investors. The Berkeley Fund is the fourth credit fund sponsored by NewStar to co-invest in middle market commercial loans
The Derivatives Service Bureau has opened the DSB User Acceptance Testing (UAT) platform to the industry with a revised and updated set of product templates that are consistent with MiFID II requirements. The UAT platform is a functionally complete system
Thalēs, a technology-driven derivatives brokerage and capital raising firm, has appointed Peter D’Angelo, Michael Geismar, and Andrew W Lo as new members of its Advisory Board. The Advisory Board brings together a prominent group of professionals including Institutional Investor, Hedge Fund, Academic, Legal,
The hitherto opaque alternative investment funds (AIFs) industry has been making significant strides towards transparency, driven largely by the demands of institutional investors and global regulators, who want to see AIFs deliver clarity and accuracy in their trading and investor
Allianz Global Investors (AllianzGI) is to add Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, to its private debt platform. AllianzGI will acquire Sound Harbor’s assets for an undisclosed sum and the Sound
USCF has launched the company's first mutual fund, the USCF Commodity Strategy Fund, with SummerHaven Investment Management, a Stamford, Connecticut based commodity trading adviser. The mutual fund will initially offer two share classes: A shares and I shares. The
By Richard L Shamos (pictured) and Ron S Geffner, Sadis & Goldberg – The global investment funds marketplace today is beset by contradictory economic forces, with increasing financial opportunity accompanied by a rising regulatory burden and populist politics. These tensions are
Firmino Morgado and Filipe Bergaña are to join Man GLG as portfolio managers, based in Man GLG’s London office. They will join from W4i Investment Advisory, a European equity focused investment manager. Morgado (pictured) and Filipe co-managed three investment
Joe Neuberger, currently executive vice president and chief operating officer of US Bancorp Fund Services, is to succeed Joe Redwine as president this April. As president, Neuberger (pictured) will be responsible for the day-to-day management, financial performance and long-term growth
The US Commodity Futures Trading Commission (CFTC) has issued two separate orders filing and settling charges against Stephen Gola and Jonathan Brims for spoofing — bidding or offering with the intent to cancel the bid or offer before execution —
