New York-based Glocap Partners LLC has appointed Sonny Jose as sales and marketing consultant. Jose has extensive experience in the offshore hedge fund and FoHF markets, having held senior positions with Trimark and Canadian and International Hedge Funds since 1993.
London-based investment management consultancy Laven Partners has advised Redtower Asset Management on the launch of its new currency fund, the Redtower Global Macro Fund.
HSBC Holdings plc and The Bank of Bermuda Limited have entered into an agreement under which HSBC will acquire Bank of Bermuda in a transaction valued at USD 1.3 billion.
The 2020 outlook for the global asset management sector is stable, reflecting high profit margins, manageable debt burdens, and sustained risk appetite among investors, Moody’s Investors Service says in its annual outlook. The outlook is supported by a number of
Diapason Commodities Management has appointed Frederic Hervouet as Global Head of Sales.
Skandia Investment Group has awarded Aviva Investors a GBP8m mandate to help further boost its Skandia UK Strategic Best Ideas Fund, the only long/short Ucits III multi-manager fund in the IMA’s UK All Companies sector. Launched just over three years
Lyxor Asset Management has launched the Lyxor/Canyon Credit Strategy Fund, a UCITS-compliant vehicle designed to access Canyon Capital Advisors’ event-driven and credit-oriented strategies across a broad spectrum of asset classes. Canyon is partnering with Lyxor to bring the necessary
Demand for hedge funds crept upwards in May, according to the Barclay Fund Flow Indicator, as equity markets rebounded and the US economy improved. Industry assets remained at an all-time high of USD3.0 trillion. Data drawn from more than 5,000
Geneva-based group Notz Stucki has acquired the Geneva-based alternative management company JAM Research, a provider of hedge fund investment services to wealthy private clients. Founded in 2002 by Alexis Sautereau, JAM Research specialises in the analysis and selection of hedge
Paulson & Co, the New York-based hedge fund manager that quadrupled its assets to USD30bn last year by betting on the collapse of the US sub-prime mortgage market, has bought 50 millio
