Fund administrator GlobeOp is to be acquired by private equity firm TPG Capital in a deal worth around GBP508 million (USD800 million). The deal follows GlobeOp’s announcement on 6 January 2012 that it was carrying out a review of its
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has appointed TGT Chibo Data Service, a technology services and payment solution providers in China, as an official distributor partner for SmartStream’s TLM solutions in the Mainland market. This new
Alberto Larson has been named Westcore Capital’s risk management department chairman. Larson is responsible on overseeing client’s strategy, hedge funds, managed futures funds, client relations and sales. Larson has served several executive positions such as client relation manager for a
UK actuarial and financial services provider Punter Southall Group has announced a joint venture with Swiss fund of hedge funds manager Octane to c
The Commodity Futures Trading Commission has determined not to issue grandfather relief at this time to parties that petition the commission to continue to operate in reliance upon the Commodity Exchange Act’s exempt commodity exemption for bilateral swaps after the
Overall industry hedge fund performance came in at +0.04 per cent in August, bringing year to date (YTD) 2018 industry performance to +1.10 per cent, according to data released by eVestment. Among primary strategies, event driven-activist funds were among the
The Guernsey Financial Services Commission (GFSC) has released a new set of rules which form an opt-in regulatory regime of measures equivalent to the Alternative Investment Fund Managers Directive (AIFMD). The AIFMD Rules, 2013 have been published on the GFSC’s
In a settlement reached with the Financial Services Authority (FSA), Steven Harrison, a former hedge fund manager with Moore Capital Management, ag
With the AIFM directive giving non-EU fund managers the jitters, Ireland has taken another step forward towards making Dublin the domicile of choice for onshore newci
Pyxis Capital has launched the Pyxis Alternative Income Fund (ticker: HHFAX). Anchor Capital Management Group, Inc (Anchor Capital) will serve as the fund’s sub-advisor. The Pyxis Alternative Income Fund invests both long and short across securities benchmarked to high yield corporate
