State Street Corporation has agreed to acquire hedge fund administrator Goldman Sachs Administration Services (GSAS) from The Goldman Sachs Group, in a cash transaction with a total purchase price of USD550 million. The deal, which pending regulatory approvals and other
The existing management team of Larch Lane Advisors, a specialist in early stage hedge fund investing and seeding, is to acquire the business from parent company Old Mutual Asset Management (US). The transaction is expected to close by the end
Odey Asset Management LLP has launched the Odey Investments plc UCITS umbrella, domiciled in Ireland. The Odey Odyssey Fund, managed by Tim Bond and with USD82.3 million of assets, is one of the first UCITS funds to be authorised by
London-based Vertex Capital Management has migrated its Vertex Evolution Ucits fund to Point Nine’s Circle.2 cloud-based middle and back office s
This quarter investors appear very reluctant to make strong bets and are planning to reduce their exposures to directional strategies with most equity long-short strategies seeing a significant drop off in demand for this quarter, according to ML Capital Management’s
eFront, an alternative investment software solutions provider backed by private equity firm Francisco Partners, has acquired DMLT, a provider of investor reporting and portal services for the alternative asset community. “I am pleased to bring together two world-class organisations to
The latest quarterly research on the Ucits hedge funds industry published by Alix Capital reveals a 7.5 per cent increase in the total assets managed by Ucits hedge funds to EUR129bn, an increase of 18.3 per cent over the last
Peppercomm Strategic Communications has acquired Walek & Associates, an independent financial, capital markets and investor relations firm. The move combines Peppercomm’s full suite of integrated marketing and communications offerings, including creative design, digital, social media, experiential and strategic licensing,
Swiss-based Pharus Management has launched Pharus Management Luxembourg SA to manage UCITS compliant SICAVs, specialized investment funds and alternative funds under the Alternative Investment Fund Managers Directive, reported Investment Europe this week. Funds wishing to take advantage of the European
Hassans, the Gibraltar based international law firm, is pleased to announce the completion of its 10th fund transaction, raising EUR1.45 billion since July 2011. These fund transactions cover sectors, such as Chinese securities, Online Gaming applications, African Resources, Private Equity/Real
