Hedge fund Harness has chosen Carne Group to provide an independent management company solution for its new Luxembourg UCITS fund. Harness is making use of Carne’s independent UCITS compliant management company in Luxembourg to support the launch. In addition Carne
Kevin M Cronin (pictured), a law enforcement agent and former Homeland Security professional, has joined the Mackinac Partners as Managing Director in the Business Intelligence and Corporate Security Practice. Cronin, who has considerable investigative experience working with government agencies such
Funds under management (FUM) at Man GLG jumped 8 per cent to USD78.8 billion for the six-month period ended 30 June 2015 (31 December 2014: USD72.9 billion), according to the firm’s latest interim management statement. Gross sales meanwhile totalled USD10.5
More than 500 people attended the Guernsey Funds Forum 2015 in London last week, which was hosted by ITV news anchor, Alastair Stewart, OBE. The keynote speech was delivered by Guernsey resident and private equity specialist Guy Hands, Chairman and
By James Williams – The USD9 billion IPO by Lending Club last November was a significant shot in the arm for the peer-to-peer (‘P2P’) lending space and sent out a clear message to the banking industry: the old-school way of providing
Ivy Investment Management Company is launching two new income-oriented mutual funds in partnership with Apollo Credit Management that, once approved by the SEC, are scheduled to become available in October. Both funds will include allocation sleeves that will seek to
Marinus Capital Advisors, an alternative fixed income asset manager specialising in the broad spectrum of structured products, has appointed Aaron Garvey as a senior macro trader. Garvey was formerly a senior portfolio manager at MKP Capital Management, where he worked
In a volatile market environment, hedge funds have exhibited high performance dispersion since the end of April, both at the strategy and the fund level. This proved true again last week, with the Lyxor Hedge Fund index posting a flat
The eFix Matching solution – a collaboration between EBS, ICAP's electronic foreign exchange business and Global Broking – has seen growth of over 160 per cent in average daily volume (ADV), since its launch one year ago in May 2014.
Featuring the latest data, this extract from the Preqin Quarterly Update: Private Equity, Q2 2015 looks at the rising amount of dry powder in the industry and up-to-date performance statistics. With the fundraising market remaining robust and average final close
