Janney Montgomery Scott, a full-service wealth management, capital markets, and asset management firm, is to acquire FIG Partners, an Atlanta-based investment banking and research firm. The experienced team at FIG Partners brings nationally recognised expertise within the community bank sector
Medalist Partners, an alternative asset management firm specialising in structured credit and asset-backed lending, has acquired a majority stake in JMP Credit Advisors (JMP Credit Advisors), a US-based investment manager with expertise in managing collateralised loan obligations (CLOs), from a subsidiary
Broadridge Financial Solutions has closed its acquisition of Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital
Fonetic has launched new enhancements to its communications surveillance and trade reconstruction platform Trade Comms Suite. These updates will allow financial institutions to adopt voice and communication surveillance quicker while taking advantage of the most accurate voice surveillance platform currently
Insparo Asset Management has announced plans to launch its inaugural Africa and Middle East hedge fund this month with an expected USD125m in assets, offering investors the opportunity to
Pzena Investment Management, a USD37 billion equity manager based in New York, is to implement IHS Markit’s Enterprise Data Management (EDM) solution. The firm will be using EDM to master securities and issuers and will also leverage the solution as
KPMG LLP, the audit, tax and advisory firm, has further expanded its alternative funds team by naming industry figures John Budzyna and Maurice Holmes to key posts. Budzyna, an internationally recognized leader and spokesman for the alternative investments industry, has
Thinknum, a leading provider of web-sourced alternative data, has secured USD11.6 million in Series A funding round. Participants included Green Visor Capital, one of the original investors in the firm’s USD1 million seed round in 2014. Thinknum will use the
Five of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in April, although event-driven is still the only strategy tracked by Dow Jones that
The Securities and Exchange Commission has obtained a USD13.9m penalty against former Goldman Sachs board member Rajat K. Gupta for illegally tipping corporate secrets to former hedge fund manager Raj Rajaratnam. Gupta is also permanently barred from serving as
