The Carlyle Group is to acquire Diversified Global Asset Management (DGAM), a manager of hedge funds with more than USD6.7bn in managed and advised assets. Equity for the transaction will come from Carlyle’s balance sheet. The transaction is expected to
2018 was an extremely busy year for Walkers, one of the Cayman Islands’ leading international law firms. The firm saw a tremendous amount of activity in private equity and related downstream corporate work, while with respect to hedge funds the
On 3 December 2018, the Cayman Islands Monetary Authority (CIMA) published amendments to December 2017’s AML Guidance notes on the Prevention and Detection of Money Laundering and Terrorist Financing. Under the AML/CFT regime, a clear distinction has been made between delegation
Castle Hall Alternatives, a specialist provider of operational due diligence to global investors, has expanded its activities to Europe, opening a new office in London. Michael Bolger, ACA CFA FRM, recently joined Castle Hall as Director to lead the firm’s
The National Securities Clearing Corporation (NSCC) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to provide its members with a new tool designed to serve as an early warning system that alerts those firms to
The State Street Global Investor Confidence Index decreased to 70.2 in January, down 9.4 points from December’s revised reading of 79.6. Confidence among North American investors worsened, with the North American ICI decreasing from 74.5 to 66.8. The European ICI
Diamondback Capital Management LLC has agreed to pay more than USD9 million to settle insider-trading charges brought by the SEC on 18 January. The proposed settlement is subject to the approval of Judge Paul G Gardephe of the US District
BCS Americas (BCSA), a division of BCS Global Markets (BCS GM), has launched a new trading platform that will provide global equity execution and settlement capabilities to institutional investors with access to a suite of algorithmic trading tools accessible 24
Mintz has added to its market-leading corporate practice with the appointment of attorney Loretta Shaw-Lorello, who joins the firm as a Member. Shaw-Lorello was most recently vice-chair of the Private Funds practice at Covington & Burling, as well as a
CF Partners, an advisory, trading and investments firm specialising in renewables and energy, has appointed Chris Sherlock as chief operating officer. Sherlock has over 29 years’ experience in asset management and investment banking during which time he has accumulated significant
