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KKR & Co is to acquire a 24.9 per cent interest in Marshall Wace through a combination of cash and common units. In addition, KKR and Marshall Wace have the option to grow KKR’s ownership interest over time to 39.9 per cent.
Founded in 1997 by Paul Marshall and Ian Wace, Marshall Wace has over USD22 billion of assets under management as of August 1, 2015, predominantly in equity long/short strategies. Marshall Wace has an excellent 17-year track record of innovation and investment success, consistently delivering attractive risk-adjusted returns that have low correlation to the overall markets. In addition, the
- 10/09/2015
Elian has been granted an investment business licence by the Jersey Financial Services Commission (JFSC). Working with global financial-services company, SEI, Elian Capital Services is now able to offer an integrated investment management programme.
Elian Capital Services, which is regulated by the JFSC, has a dedicated team of qualified investment specialists. The investment management offering will provide clients of Elian Performance and Reward Management and Elian Private Wealth with access to a cost-effective, comprehensive and robust wealth management solution. The service will be managed out of the Jersey office.
With USD262 billion in assets under management, SEI is a
- 09/09/2015
EBS BrokerTec, ICAP’s electronic foreign exchange (FX) and fixed income business, has licensed software from derivatives trading technology company, FX Bridge Technologies Corp allowing it to develop a relationship-based FX options solution for the professional trading community.
As part of the licensing deal, Stephen Best, former CEO of FX Bridge’s subsidiary, FX Bridge Institutional Services, has joined EBS BrokerTec as Head of FX Options, EBS Direct, and will be based in the New York office. Prior to his role at FX Bridge he held senior roles at State Street, JP Morgan, and Bank One.
The combination of FX Bridge’s
- 09/09/2015
Infrastructure investment in Japan has traditionally been dominated by government-related entities and infrastructure companies, with limited private capital participation. However, the investment climate for the asset class has seen some favourable changes in recent years with the revision of the PFI Law (Act on Promotion of Private Finance Initiatives) in 2011 and the introduction of Abenomics in 2012, which included a sizeable stimulus package focused on critical infrastructure projects…
Read the full factsheet here, featuring charts tables and analysis of the Japanese infrastructure investor universe.
- 09/09/2015
- 09/09/2015
Hedge funds declined in August as global equity markets experienced sharp losses led by uncertainty over Chinese growth, falling oil prices and the timing of US Federal Reserve interest rate increases, according to data released by HFR.
The HFRI Fund Weighted Composite Index® (FWC) fell -1.87 per cent for the month to an NAV of 12443.31, paring the YTD performance for the FWC to a gain of +0.2 per cent. The August decline for the FWC was the worst monthly performance since May 2012. Following several years in which the HFRI trailed strong equity market gains, the FWC has outperformed
- 09/09/2015
Euronext has expanded its Spotlight options offering with new options on Flow Traders NV (FLW), a technology-enabled liquidity provider that specialises in exchange traded products (ETPs).
The options follow the company’s successful IPO on Euronext Amsterdam in July this year and are available for trading as from 14 September.
In addition, Euronext promoted the existing Spotlight option classes Euronav (option trading symbol: EUN) and BE Semiconductor Industries (option trading symbol: BES) to the standard options segment which means that the lifetime of these contracts will be further extended. The extension to longer maturities follows the lively trading in these
- 09/09/2015
Sigma Analysis & Management (Sigma), a specialist in advising institutional investors on managed account solutions, hedge fund portfolio construction and research, and risk analytics, has appointed Megan Vesely, JD as General Counsel.
Vesely joins Sigma at its Toronto office to provide legal counsel on a variety of business and regulatory issues including cross-border matters and corporate development in the financial services industry.
“I am thrilled to join Sigma at a time of increased global regulation and change in the investment industry,” says Vesely. “Through its innovative model for hedge fund investing, Sigma is well positioned to lead investors
- 09/09/2015
Forex Capital Markets (FXCM) is to pay USD843,000 to settle CFTC charges that it failed to diligently supervise its officers’, employees’, and agents’ handling of accounts held at FXCM in the name of a fraudulent foreign currency exchange pool, Revelation Forex Fund (RFF).
RFF was operated by Kevin G White (White) and two entities he controlled (the White Entities).
The CFTC sued White and the White Entities on 9 July, 2013, for their fraudulent scheme and subsequently entered into a Consent Order for permanent injunction against them. In a related criminal action, White was sentenced to over eight years of
- 09/09/2015
Monument Group, an independent alternative investment fund placement agent, has hired three professionals to join Managing Director Niklas K Amundsson (pictured) in the firm’s Hong Kong office.
The new additions to the Monument team are Albert Jun, Director, Sabrina Meng, Senior Associate and Kris Ho, Operations Manager.
The Hong Kong team will be based at Monument Group’s new permanent offices in Two Exchange Square, the hub of the local private equity community.
Amundsson joined Monument Group in January 2015 as a Managing Director to help the firm expand its Asia footprint. Before joining Monument Group, Niklas spent over
- 09/09/2015
Prytania Investment Advisors has appointed Shaun Curry (pictured) as Head of Business Development (ex-US) with effect from 3 September 2015.
Prior to joining Prytania, Curry was a Senior Business Development Executive at Stenham Asset Management and a Director of Marketing at Gottex Fund Management. Prior to his work on the buy-side, Shaun worked in sales and trading at Credit Suisse First Boston and research and sales at Merrill Lynch International.
At Prytania, Curry will be responsible for institutional Business Development across the globe with the exception of the United States. His extensive relationships and experience working with institutional investors
- 09/09/2015
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