Carillon Tower Advisers, a multi-boutique asset-management firm with USD64.6 billion in assets under management and advisement, is to acquire ClariVest Asset Management. Effective April, ClariVest will become a wholly owned subsidiary of Carillon Tower’s affiliate, Eagle Asset Management. The move follows
The Serious Fraud Office has closed a long running investigation into collapsed hedge fund Weaving Capital, stating that there wasn’t a reasonable prospect of conviction. Mark Surguy, partner at international law firm Eversheds, believes hedge funds are likely to
Electra Information Systems (Electra), a provider of post-trade solutions for the buy-side investment management industry, has added new capabilities to its Electra Reconciliation platform to enable firms to expedite investigations by quickly identifying the root causes of trade breaks or
The Bermuda International Business Association (BIBA) is sponsoring a Bermuda Business Briefing in New York hosted by the Premier of Bermuda, the Hon. W.
EFG Asset Management, the asset management arm of EFG International announced this week the appointment of two Hong Kong-based executives to strengthen its senior management team in the region. Nigel Sze has been appointed Head of Asia and moves from
The European Commission is to gain greater powers to oversee the activities of foreign financial firms operating in the European Union – including London-based firms post-Brexit – following an agreement reached late on Tuesday between EU governments and lawmakers. The
EEX Group is to acquire Nasdaq Futures’ (NFX) futures and options exchange business. EEX Group will acquire the core assets of NFX, including the portfolio of open interest in NFX contracts. The transaction involves the transfer of existing open positions
Hedge funds at Martin Currie, the Edinburgh-based specialist investment manager, this week passed the USD 1 billion level, eighteen months ahead of the company’s target.
The Wilshire Liquid Alternative Index, which provides representative baseline for how the broad liquid alternative investment category performs, returned 0.31 per cent in October, in line with the 0.31 per cent monthly return of the HFRX Global Hedge Fund Index.
The Massachusetts state pension fund is allocating USD 1.7 billion to five funds of hedge funds managers to help diversify risks and bolster returns.
