Managers
Fund administrator GlobeOp is to be acquired by private equity firm TPG Capital in a deal worth around GBP508 million (USD800 million).
The deal follows GlobeOp’s announcement on 6 January 2012 that it was carrying out a review of its ‘strategic options’ and will see Geo 3, a newly established partnership directly owned by TPG Partners VI-AIV, acquire 100 per cent of the ‘issued and to be issued share capital of GlobeOp’.
Under the terms of the Offer, GlobeOp Shareholders will be entitled to receive 435 pence in cash for each Ordinary Share held. The Offer Price represents a premium
EFAMA has welcomed the publication by the European Securities and Markets Authority (ESMA) of its Consultation Paper setting out future guidelines on UCITS Exchange-Traded Funds (UCITS ETFs) and other UCITS issues.
Broadly speaking, EFAMA supports ESMA’s proposals in favour of increased investor protection through more transparency and additional requirements for securities lending, collateral management and the use of strategy indices. EFAMA also welcomes ESMA’s decision to broaden the scope of its proposed guidelines to all UCITS engaged in the same type of activity, instead of targeting exclusively UCITS ETFs.
Peter De Proft (pictured), Director General of EFAMA, says: “EFAMA
BNP Paribas, following a competitive tender, has implemented a mandate to provide fund administration to Equinox Fund Management (Equinox), a US alternative asset manager with more than USD1.5 billion in assets under management.
BNP Paribas administers a platform of independent fund vehicles accessed by mutual funds sponsored by Equinox. BNP Paribas’ solution captures and values trades in real-time, producing a Net Asset Valuation (NAV) on the same day. Equinox-sponsored mutual funds then use this NAV as part of the process to strike their own NAVs on a daily basis. This daily-NAV solution provides the necessary transparency required to value alternative
SEI has been selected by Monsoon Capital, a US-based alternative asset manager focusing on emerging markets, to provide full fund administration and trustee and custodial services for the firm’s UCITS IV fund.
Given Monsoon’s systematic and quantitative trading approach, SEI’s technology, which delivers a straight-through, automated process for trade reconciliation, was a key factor in the manager’s decision to select SEI. Monsoon will also receive comprehensive data management, performance, and risk reporting via SEI’s Manager Dashboard. The online tool provides Monsoon with the flexibility to tailor reporting to better support the firm’s unique business decision-making process.
SEI’s comprehensive outsourcing solution
UK-based Javelin Capital, an emerging markets equity hedge fund backed by Majedie Investments, has launched a UCITS-compliant version of its fund on the SICAV platform established by G
A latest industry report by PerTrac has found that long/short equity is the most popular strategy executed by alternative UCITS funds.
BNP Paribas Securities Services this week announced the launch of a major investment programme to expand its hedge fund and FoHF administration services for both offshore and onshore UCITS f
ML Capital Asset Management has told Hedgeweek in an exclusive that it is preparing to launch a new UCITS fund on its MontLake Platform.
AlphaMetrix LLC, founder of the AlphaMetrix Global Marketplace (AGM), has acquired the hedge fund managed account assets of WR Group LLC.
The acquisition of WR’s managed account assets across multiple strategies and asset classes will serve to strengthen the depth and breadth of the services AlphaMetrix provides via the Marketplace.
"This is an important example of our ongoing efforts to expand upon AlphaMetrix’s already broad offerings to clients and increase the opportunities we provide investors, funds and service providers," says Aleks Kins (pictured), CEO of AlphaMetrix. "We look forward to an integration that is seamless for all clients."
In addition,
Following the sudden death of Andrew Dalton in April 2011, agreement has been reached, in principle, for the purchase of equity of Dalton Strategic Partners (DSP) from the Dalton family, by the executive partners of the firm.
As a result of the transaction, senior executives of DSP will control 51.5% of the equity of the firm while the Dalton Family will continue to retain a quarter of the firm’s equity. The agreement, for which Heads of Terms have been signed, is due to complete in February 2012 and will ensure that the firm remains independent and incentivises the executives to continue
