Legg Mason and affiliate Permal are to acquire Fauchier Partners, a European-based manager of funds of hedge funds, from BNP Paribas Investment Partners. The deal, which will see Fauchier Partners combine with Permal, will create an institutionally focused platform with
Wells Fargo Global Fund Services has opened an office in Hong Kong, located in Wells Fargo’s existing local office in Central. The Global Fund Services’ platform uses a platform and technology that provides traditional fund administration services, operational support, derivatives
How are hedge funds changing their research methods in the wake of MiFID II? Joe McGrath investigates… The introduction of the second Markets in Financial Instruments Directive (MiFID II) in January 2018 heralded fundamental changes in the market, specifically when
BNY Mellon has been appointed to provide tri-party collateral management services for CME Clearing Europe, the European multi asset class clearing house. Services will be provided through MarginEdge, BNY Mellon’s derivatives margin management service for listed, OTC and bi-lateral OTC
Rethinking the cloud, a heightened call for operational freedom and an arms race to scale will be industry-defining issues for the alternative asset management industry in 2013, according to Gravitas, a co-sourcing platform providing cloud technology, co-sourcing and risk support
International Asset Management, a fund of hedge fund investment manager, has appointed Nan Mead as vice president of client development. Based in IAM’s New York office, Mead will report to head of client development and marketing Andrew Cade. She has
SANNE, a provider of alternative asset and corporate business services has appointed Malcolm Hassan as managing director of business development and marketing. Based in SANNE’s London office, Hassan will oversee business development alongside brand & market positioning across its global
Bill Hwang’s Tiger Asia Management LLC has pleaded guilty in a federal insider-trading case in New Jersey and is to pay more than USD60million to settle criminal and civil charges reported Fox News this week. The criminal case alleges that
BrokerTec, ICAP’s global electronic fixed income trading platform, and MTS, a fixed income electronic trading venue that is majority-owned by London Stock Exchange Group, have launched the RepoFunds Rate daily repo index for eurozone sovereign bonds. RepoFunds Rate, the first
Ocorian’s recently-appointed Head of Luxembourg and the Netherlands, Jean-Marie Bettinger, has further strengthened his local leadership team with the appointment of two well-known figures in the fund administration and depositary market – Graham Dew and Yves Cheret. Dew (pictured) joins
