Kleinwort Benson Group (KBG), the wholly owned subsidiary of financial services group RHJ International (RHJI), has reached agreement with Deutsche Bank to acquire BHF-BANK, a German private bank. The transaction is subject to regulatory approvals. Under the transaction, KBG will
Kinetic Partners, a global professional services firm focused exclusively on the asset management industry, has emphasised the need for hedge fund and private equity fund advisers to take immediate action to prepare for the impending regulatory changes. “Our survey of
The Alternative Investment Management Association has appointed a new non-executive chairman, Kathleen Casey, the former Securities and Exchange Commissioner and SEC representative to the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board (FSB). Casey (pictured) served as
A federal court has entered default judgment orders against defendants Robin States and his wife Bernadette Bowden, both of Nova Scotia, Canada, and relief defendant Paul States, of British Columbia, Canada, in an action charging them with fraudulent solicitation and
Hedge fund investors are keen to commit to the asset class, with more than half making two or more investments on average per year, a Preqin study reveals. Just under one-third make between two and three new investments per year,
Chi-X Global, a holding company for regional Chi-X market centres and the Chi-Tech technology solutions provider, has added Christopher Brown and Raks Sondhi to its Asia-Pacific sales team. Brown and Sondhi will be responsible for driving business development efforts across
Cheyne Capital Management (UK) LLP announced the launch of a pair of UCITS IV funds this week: the Cheyne Global Credit Fund and the Cheyne European Real Estate Bond Fund.
ACE IT Solutions has partnered with IBM to provide security services that help hedge funds mitigate cyber security risks and meet SEC mandates. The SEC has just issued a risk alert detailing its plans to examine financial firms' cyber security
Mourant Ozannes has opened an office in the British Virgin Islands (BVI) in response to demand from clients and intermediaries for BVI legal services. The new BVI office opens with three partners and will focus initially on corporate, international finance,
NYSE Liffe, the European based derivatives business of NYSE Euronext, has announced GF Futures (Hong Kong) Co Ltd, a Hong Kong based subsidiary of GF Group, as its first colocation customer from Asia. GF Futures is a leading player
