Fund manager Scipion Capital has announced the launch next month of what is billed as the first pan-African hedge fund, established in response to rising confidence and investor interest i
The Securities and Exchange Commission has filed a Complaint in federal district court against RKC Capital Management LLC, RKC Capital, LLC (RKC) and Russell K Cannon (Cannon), (collectively “Defendants”). The Complaint alleges that the Defendants artificially inflated the assets of
Milbank, Tweed, Hadley & McCloy represented affiliates of KKR Asset Management (KAM) in connection with the USD300m upsize of the existing KKR Financial CLO 2011-1 secured financing. This permitted the CLO issuer to borrow up to an incremental USD225m to
Horizon Cash Management has appointed Michael Markowitz as Chief Investment Officer. Markowitz, who also holds the titles of executive vice president and partner, will be responsible for setting the overall investment strategy of the firm and for the oversight of
Private funds lawyer Udi Grofman has joined Paul, Weiss, Rifkind, Wharton & Garrison as a corporate partner in the New York office. "Udi is one of the top lawyers in the alternative investment management field," says Paul, Weiss chair Brad
Mehtap Dinc and Brendan Bradley have been appointed as members of the executive board of Eurex. Dinc will take over responsibility for product research and development from Peter Reitz, who will remain on the executive board and continue to
Interactive Data Corporation, a provider of financial market data, analytics and related services, says its pricing and reference data business has been selected as the primary vendor b
SunGard’s APT has been voted best risk management software at the Hedgeweek USA Awards 2011. The Hedgeweek Awards for excellence among hedge fund managers and service providers honoured the US industry’s best performers and their ability to demonstrate consistency and
Alternative investment and advisory boutique Penso Capital Markets has launched its third asset management strategy, the Global Crisis Strategy, designed to capitalise on opportunities in
The British Virgin Islands Financial Services Commission has announced the creation of a new Annual Return regime for BVI investment funds.
