Man Group has closed the acquisition of Pine Grove Asset Management, a US-based fund of hedge fund manager specialising in the management of credit-focused hedge fund portfolios. Pine Grove has approximately USD1.0 billion of assets under management. The close
Mount Lucas Management has launched MLM Symmetry, a globally diversified and quantitatively driven macro strategy. The fund officially launched on 1 September 2014 with over USD50 million in assets, comprised of seed capital from firm partners and a large US
Software AG and Adaptive Consulting have formed a strategic partnership combing Adaptive’s front office applications expertise with Software AG's streaming analytics, complex event processing (CEP), in-memory data management and universal messaging solutions. Matt Barrett, director of Adaptive Consulting says: "Formalising
Gallatin Capital has appointed Viktor Ula to the newly-created position of director of research.
The London Metal Exchange (LME) is to implement its linked load-in/load-out (LILO) rule and to proceed with further warehousing reforms following the success of its judicial review appeal. A two-week consultation with listed warehouse companies began yesterday with regard to
Wilshire Associates has launched five liquid alternative sub-strategy indices, which now comprise the Wilshire Liquid Alternative Index. The main index was introduced in early August and designed to serve as the industry standard for measuring aggregate performance of the liquid
The CBOE Futures Exchange saw record trading volume in CBOE Volatility Index (VIX index) futures during non-US trading hours, with an estimated 68,033 contracts changing hands. This record surpasses the previous record in non-US trading hours of 59,505 contracts set
Netagio, the first British bitcoin, gold and sterling exchange, has launched an Application Programming Interface (API) which aims to help institutional investors automate their usage of the exchange. Institutional investors can now programme their execution management systems (EMS) and order
The Swiss banking group Syz & Co has launched Oyster Market Neutral Plus, a new sub-fund of Oyster, its Luxembourg UCITS SICAV. The fund is an increased leverage version of the Oyster Market Neutral fund, whose neutral beta long/short strategy
Cees Vermaas, chief executive of Euronext Amsterdam and member of the managing board of Euronext, has resigned and will step down from his position immediately. His replacement will be announced once Euronext has received approval from the regulators. Jos
