New York Life Investments is to acquire full ownership of Dexia Asset Management – an international asset manager with approximately USD100bn in assets under management – for EUR380m. With management centres in Brussels, Paris, Luxembourg and Sydney, Dexia offers global
BlueMountain Capital Management has launched a new hedge fund, the Correlation Relative Value II Fund, designed to capitalise on opportunities in structured corporate credit markets.
Baring Asset Management has launched its fifth long/short equity hedge fund, the Baring Emerging Markets Absolute Return Fund, with USD20m in assets under management.
Azimut Holding has launched what is believed to be the first UCITS IV-compliant hybrid bonds funds in Europe. The fund – AZ Fund Hybrid Bonds – will invest 100 per cent of its assets in hybrid bonds and has an
Integrated Asset Management is to sell its wholly-owned subsidiary, BluMont Capital, to Arrow Capital Management. The closing of the transaction is subject to, among other things, receipt of all necessary approvals of applicable securities regulatory authorities. Pending approvals, the
Old Mutual Asset Managers (UK) (OMAM) has announced the launch of the Old Mutual Global Statistical Arbitrage Fund, a specialist fund which leverages OMAM’s statistical arbitrage capabilit
Private equity fund Estancia Capital Partners has acquired a minority interest in Equinoxe Alternative Investment Services, joining XL Group as a strategic investor in the firm. Terms of the transaction were not disclosed. Equinoxe is a boutique full-service
US convertible bond portfolios were in the midst of a strong recovery when the collapse of the sub-prime mortgage sector brought global credit markets crashing to a halt, according to U.S.
Old Mutual Asset Managers (UK) has announced the launch next month of the Old Mutual Global Statistical Arbitrage Fund, a specialist fund that will be run by the same team that has managed
The board of Australian-based credit fund manager Absolute Capital Group has appointed voluntary administrators, four months after the firm suspended two yield strategies funds with assets
