Hedge funds lost 0.91 per cent in June, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index remains up 3.52 per cent year to date, outperforming the S&P 500 Index which has gained 1.23 per cent. “Grexit
The British Virgin Islands has signed a Tax Information Exchange Agreement (TIEA) – its 26th in total – with Japan. The TIEA will enable the two tax authorities to have greater ability to exchange information for tax purposes in accordance
Gottex Fund Management is to concentrate on alternative solutions, multi-asset and Asian-focused asset management following the completion of its merger with EIM Group. The merger, which is expected to complete soon, is subject to approval from the Swiss regulator FINMA.
Harbinger Group, the publicly traded holding company run by hedge fund manager Philip A Falcone, is offering to acquire, directly or through one of its affiliates, all of Central Garden & Pet Company for USD10.00 in cash per share. The
ULLINK, a provider of electronic trading solutions and connectivity to the financial community, is to acquire NYFIX and Metabit from NYSE Technologies, part of Intercontinental Exchange (ICE). The transaction, which is subject to regulatory approval, is expected to close in
British hedge fund manager Man Group is to acquire Numeric Holdings, a privately-owned, Boston-based quantitative equity manager with USD14.7 billion of funds under management as at 31 May 2014. Man will pay USD219 million in cash to acquire Numeric, with
Societe Generale Securities Services (SGSS) has launched ManCo by SGSS, a management company solution to assist asset managers seeking access to the European market to set up and market UCITS. 
 In July 2011 the UCITS IV Directive established a
State Street Corporation announced this week that it was expanding its relationship with EARNEST Partners to provide a full suite of servicing solutions for the firm’s new UCITS funds. EARNEST Partners, which currently advises on more than USD20bn in assets
Bitcoin analytics and security firm Elliptic and bitcoin derivatives exchange Crypto Facilities have launched a settlement and clearing mechanism that separates bitcoin custody from all other exchange functions. Crypto Facilities’ client accounts are now hosted in Elliptic’s secure, KPMG-accredited vaults and are fully
SS&C Technologies Holdings has completed its acquisition of Advent Software, a provider of software and services for the global investment management industry. Advent has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and
