Activist hedge fund Elliott Advisors, the largest shareholder of Alliance Trust, has agreed to withdraw its three resolutions from the company’s Annual General Meeting on 29 April 2015 and has committed to support the Board and management on all other
Altegris has launched the Altegris KKR Commitments Fund offering accredited investors an opportunity to gain diversified exposure to KKR by committing to three different forms of private equity – primaries, secondaries and co-investments. The minimum initial investment USD25,000. "Accredited investors
Societe Generale has been mandated by the investment management company, Cyan Oak Capital LLP, to process derivatives for its range of alternative investment funds. Cyan Oak Capital will benefits from “Orchestra”, Societe Generale’s global offering dedicated to managing the post-trade
Lawrence J Herzing, the former controller of Contrarian Capital Management, has been sentenced to four years in prison after being found guilty of embezzling more than USD9 million from the Greenwich-based hedge fund. Herzing’s 48-month jail term will be followed
Saemor Capital, winner of this year’s Hedgeweek award for Best Market Neutral Fund, continues to post positive performance numbers, both for the month of March and Year-to-Date. The long book contributed strongly. The short book was flat in a rising
Unigestion has launched a Private Debt Allocator tool, which identifies private debt opportunities to exactly match clients’ investment objectives. Through its work with clients, Unigestion has identified a common perception of the universe of private debt opportunities as large, diverse
Institutional trading network Liquidnet has reported record first quarter performance in EMEA as institutional investors increasingly look to trade in blocks. The first three months of 2015 was a record quarter for Liquidnet EMEA in local currency. Average Execution Size
Managing Partners Limited (MPL) has launched a new service to help the thousands of Swiss asset management firms it believes are now struggling to meet – and are already breaching – new rules introduced by regulator FINMA. FINMA is raising
Recent market conditions were less supportive for hedge funds, with a reversal of market moves witnessed so far this year. Last week, European equities were down and the EUR/USD went up, while US rates ended the week marginally higher. The
Clearstream has issued the Domestic Markets Monitoring Report to support depositary banks in managing their new obligations as stipulated by the Alternative Investment Fund Manager Directive (AIFMD). AIFMD enters into force on 22 July 2014, imposing tight restrictions on the
