By Simon Broch, AlphaDealing – Arguably, the Trading Desk is at the heart of the investment manager. Why then do so many new start-ups not invest in a dedicated trading desk? The answer is twofold. Usually, the start-up PM underestimates
BDO CRI (Cayman) Ltd, the Principal Liquidators of Herald Fund SPC, have reached a global settlement agreement with Irving H Picard, Trustee for the Estate of Bernard L Madoff Investment Securities. The Principal Liquidators were assisted by their US
Independent fund services provider Butterfield Fulcrum, and Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg. This relationship offers
Sliced Investing, an investment platform connecting accredited investors to hedge fund investments, has closed seed financing of USD2 million to expand the platform and grow its user base. Venture capital firms Khosla Ventures, Triple Point Ventures and Data Collective invested
Actavis is to acquire pharmaceutical company Allergan for a combination of USD129.22 in cash and 0.3683 Actavis shares for each share of Allergan common stock. Based on the closing price of Actavis shares on 14 November, 2014, the transaction
Irving H Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L Madoff Investment Securities LLC (BLMIS), has filed a motion today in the United States Bankruptcy Court… For the Southern District of New York seeking approval of
Preqin examines the recent surge in European fundraising, including the growth of debt and distressed strategies and the increasing flow of international capital into the region. European fundraising has improved dramatically over the last year, reflecting growing investor appetite for
Global funds transaction network Calastone has appointed Cris Conde as the firm’s new Chairman of the Board. Conde will be taking up his post with immediate effect working closely alongside Julien Hammerson, the CEO, to continue the growth trajectory of
Scipion Capital (Scipion), the frontier market investment specialist, has appointed Chris Jenkins to lead a global marketing drive as the firm targets new investment following the fourth anniversary of its flagship Commodity Trade Finance Fund (CTF). In a newly
Irish start-up, Fund Recs, a developer of cloud-based reconciliation software to global fund administrators to to provide trade processing solutions for Capita Asset Services fund business in Ireland. Fund Recs software will be used to automatically capture trades from Fund
