United States District Judge Robert W Sweet of the Southern District of New York has issued an Opinion in favour of the US Securities and Exchange Commission finding that United Kingdom-based hedge fund adviser Pentagon Capital Management PLC (PCM) and Lewis Chester,
London-listed alternative investment manager Man Group has agreed to acquire a 25 per cent stake in Nephila Capital, a specialist manager working with insurance-based instruments such as i
A corporate team from Carey Olsen Bermuda has advised Apex Group (Apex) on its purchase of Beacon Fund Services (Bermuda) Ltd, Beacon Corporate Services (Bermuda) Ltd and Beacon Management Limited (Beacon). The acquisition of Beacon, a well-established Bermuda-based fund administrator,
Estera, a provider of funds, corporate and trusts services, has selected eFront as its partner for its multi-million pound investment in a fund administration platform to support the ongoing growth of its global private equity fund administration business, which now
IHS Markit, a specialist in critical information, analytics and solutions, has added new functionality to its Securities Finance platform, a source of data and intelligence on global securities financing transactions. The enhancements deliver public disclosure coverage for the Japanese market,
The UK’s Financial Conduct Authority (FCA) is urging financial services firms to ensure they are making any necessary changes to protect customers from negative impacts of leaving the EU, whatever the outcome of negotiations, including a no-deal Brexit. Firms
Appleby, the world’s largest provider of offshore legal, fiduciary and administration services, is set to expand into mainland China with the opening of a new representative office in Shanghai. The new office, due to open on 2nd April 2012, will
First Avenue Partners has launched fundraising for Arsenal Fund, a multistrategy fund of hedge funds with a USD300m target capacity that is managed by São Paulo-based Arsenal Invest
The LF Woodford Equity Income Fund (WEIF) has sold some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (WPCT) in exchange for shares in WPCT. This step signals the start of a strategy to switch the fund’s
SEB has appointed Peter Herrlin as the new head of the Swedish bank’s prime brokerage division in London. Herrlin, who joined SEB in 2010, succeeds Atilla Olesen who has transferred to Denmark to take up a position as head of
