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Blackstone’s (NYSE:BX) Strategic Capital Holdings Fund has acquired a passive minority stake in PAG, a leading Asia-focused alternative investment firm.
Blackstone’s Strategic Capital Holdings Fund is part of Blackstone Alternative Asset Management (BAAM), and specialises in minority partnerships with leading alternative asset managers.
PAG, based in Hong Kong, is one of the largest independent alternative asset firms in Asia, with more than USD20 billion in capital under management in private equity, absolute return and real estate strategies.
Terms of the deal have not been disclosed.
“We welcome this investment in our business by Blackstone’s Strategic Capital Holdings
The Foreign Exchange Professionals Association (FXPA) voted in a slate of new Board members at its annual meeting on 6 March, re-electing Chip Lowry, Senior Managing Director at State Street Global Markets, as Chairman, and Sean Tully, Senior Managing Director at CME Group, as Treasurer.
Members new to the Board include Lisa Shemie, Chief Legal Officer, Cboe FX and Cboe SEF; Jill Sigelbaum, head of FXall, Thomson Reuters; and Christopher Matsko, Head of FX Trading Services, Portware. Members re-elected to the Board include: Jason Vitale, COO FX & Head of Client Execution, BNY Mellon Global Markets; Jonathon O’Donnell, Investment Manager, CalPERS; Tahreem Kampton, Senior
A shifting fiscal regime and strong sector dynamics are likely to bode well for Merger Arbitrage in 2018, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
The backdrop is favourable, with US assets ageing, digitalisation soaring, low funding costs remaining low and executive confidence still strong.
Lyxor writes: “The tax reform should support the corporate activity amid companies’ tax savings and repatriated foreign cash. Consolidation will be another key theme: TMT, Healthcare and Industrials are facing structural shifts.”
“Multiple themes (political pressures, antitrust risk, elevated valuations, etc) suggest 2018 will not be short of
Meketa Investment Group, a global investment consulting firm, has expanded its employee ownership to include seven new shareholders. Principals Timothy Atkinson, Christy Gahr, Molly LeStage, Richard O’Neill, Bradley Regier, Colleen Smiley and Larry Witt have joined the firm’s ownership group bringing the total number of Meketa Investment Group shareholders to 38.
“Each of these individuals has devoted many years of service to Meketa and the financial services industry as a whole,” says Stephen McCourt, Managing Principal and Co-Chief Executive Officer, Meketa Investment Group. “In addition to their strong work ethics and knowledge of the global investment space, these men
The repo, securities lending and borrowing, and prime brokerage divisions of Citi, Morgan Stanley, RBC, UBS and Vanguard have joined the design partner group for IHS Markit’s Securities Finance Transaction Regulation (SFTR) reporting solution with Pirum Systems.
These firms bring the SFTR design partner group to 32 clients and partners in total, representing industry leaders in repo markets, buy/sell backs, sell/buy backs, securities lending and borrowing, and margin lending.
“With MiFID II in effect, the securities finance industry is preparing for future obligations under SFTR, which for the first time imposes trade reporting requirements on repos and other transactions,”
Neudata has appointed Simon Mahony (pictured) as Senior Vice President in Research. In this London-based role, Mahony will support the Neudata team in providing insightful and in-depth alternative data research and use-case evidence to asset managers.
“The alternative data space is extremely interesting and of growing importance to investment managers, and I am excited to join Neudata,” says Mahony. “I have seen first-hand how new datasets and analytical tools are profoundly changing the world of investing and how Neudata is positioned to help asset managers to navigate these changes.”
Mahony earned his Bachelor of Arts degree from University of
The UK manager J8 Capital Management and German investment company Universal-Investment have launched the UI – J8 Global Absolute Return UCITS Fund.
The sub-fund implements J8’s award-winning global absolute return strategy, a scientifically-backed, systematic and rules-based multi strategy approach focused on momentum and carry as well as value trades. The aim of this multi strategy is to generate attractive returns by trading long as well as short positions, regardless of market conditions.
“The focus of our investment strategy lies exclusively on fixed income, currency and commodity markets and consciously leaves out equity markets. The sub-fund is therefore ideal as a
GoldenTree Loan Management (GLM) and its affiliated investment manager GoldenTree Asset Management has closed a EUR405 million collateralised loan obligation (CLO) to be managed by GLM.
The CLO, GoldenTree Loan Management EUR CLO 1 (GLM EUR CLO 1), is the first European CLO to be issued under GoldenTree’s GLM CLO strategy announced at the start of last year whereby GLM raised USD600 million in commitments to invest in and manage CLOs that are intended to be compliant with US and European Risk Retention regulations. The first two US CLOs issued under this strategy announced last year in April and November,
FinComEco Limited and African commodity trader Block Commodities Limited (BLCC) have entered into a strategic partnership with Wala, a blockchain-powered financial services platform, and Dala, a cryptocurrency token issuer, to develop scalable, blockchain-enabled financial platforms for developing markets.
The agreement complements the BLCC’s Joint Venture with FinComEco, a subsidiary of GMEX Group Limited, announced last November, whereby Block Commodities, FinComEco, Wala and Dala, will be working together to develop and operate a web-enabled platform using the blockchain ledger for its agricultural commodity trading initiative in sub-Saharan Africa. In particular, this collaboration agreement establishes a relationship whereby Wala will support
Cinnober has appointed Hans Sjöberg as the company’s new Chief Technology Officer (CTO) and Taraneh Derayati as Head of Sales.
“These appointments are part of our succession plan and it is great to be able to promote inhouse talent,” says Veronica Augustsson, CEO of Cinnober. “Taraneh and Hans both have a deep understanding of our market and our customers’ day-to-day business, challenges, and needs; and I am very happy to have them onboard in these important positions. Their predecessors will remain in the company as senior executives and advisors, which will enable us to continue successfully servicing our customers.”
Sjöberg’s
