Latest News
NewStar Financial has agreed to acquire Feingold O'Keeffe Capital, a private alternative asset management firm based in Boston, Massachusetts. The acquisition will add approximately USD2.3 billion to NewStar's assets under management, increasing total pro forma AUM to approximately USD6.4 billion.
The transaction is expected to close in the fourth quarter, subject to customary closing conditions, and be accretive to earnings per share in Q1 2016.
FOC Partners was established in 2001 by Co-founders Andrea Feingold, former Co-Head of PIMCO's High Yield Group, and Ian O'Keeffe, former PIMCO Head of High Yield Trading. The Co-founders launched the firm in 2001 to
EquiLend, a securities finance trading and post-trade service provider, and Eurex Clearing, have agreed to connect EquiLend’s securities lending platform to Eurex Clearing’s Lending CCP service.
The planned link, due to go live in March 2016, will allow EquiLend’s market participants to make use of their existing infrastructure to route transactions to Eurex Clearing’s Lending CCP for innovation and downstream processing.
Brian Lamb, CEO of EquiLend, says: “The securities finance industry realises the benefits of a CCP model more and more. With market participants now more open to the idea of utilising central counterparties as an additional tool in
TeamCo Advisers, a privately owned investment advisory firm that manages portfolios of select hedge funds and other opportunistic alternative assets, has released an in-depth overview and analysis of Special Situations Funds (SSFs).
The white paper, entitled: “Special Situations Funds: A Private Party Worth Crashing,” which was co-authored by TeamCo Managing Directors Kurt L Braitberg (pictured), CFA, CAIA and Aimee F. Kish, CAIA, outlines the factors investors should consider when evaluating these funds for inclusion in their portfolios.
In the report, TeamCo notes that:
• SSFs enable hedge fund managers to capitalise on illiquid, potentially high performing investment opportunities,
Crystal & Company, a leading strategic risk and insurance advisor, has once again been named Best North America Insurance Provider at the Annual Hedgeweek USA Awards.
The award, which celebrates the achievements of the best performing managers and service providers in the US hedge fund industry, was presented at a recent ceremony held in New York City.
Hedgeweek is a leading international magazine for the hedge fund industry. Winners were selected by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals including fund administrators, prime brokers, law firms, custodians and advisers. In
The US Commodity Futures Trading Commission (Commission) has published a proposed amendment to the regulatory definition of “material terms” for purposes of swap portfolio reconciliation under Commission regulation 23.502.
Under the proposal, the Commission would amend the definition of “material terms” in Commission regulation 23.500(g) to specifically exclude certain data fields. If adopted, the proposed rule would supersede CFTC Staff Letter 13-31 issued 26 June, 2013.
The Commission is seeking comments on the proposed amendment. The comment period ends 60 days after the proposal’s publication in the Federal Register.
AlphaClone, a specialist in alpha-seeking investment strategies, has raised USD2.25 million in Series A financing, led by fintech-focused venture firm Operative Capital.
The financing builds on a remarkable period of growth for the firm that saw advised assets grow fourfold to over USD200 million in the past year. The company intends to use the financing to accelerate new product introductions and build out its marketing and sales operations.
Designed to adjust automatically based on pre-set rules, AlphaClone's investment strategies seek to give investors the potential to outperform the broader market by accessing the investment ideas of the world’s most established
Silver Creek Capital Management, an alternative investment boutique focusing on private credit, hedge fund and real asset strategies, has launched a new joint venture with Plum Creek Timber Company enabling institutions to directly invest in timber assets.
Twin Creeks will provide institutional investors an opportunity to co-invest in timberlands currently managed by Plum Creek with the objective of growing the portfolio to approximately USD1 billion in valuation over time through opportunistic, selective timberland acquisitions from third parties. The venture is intended to be a long-term timberland investment with an initial 15-year term. The initial portfolio, valued at USD560 million, will
Liquidnet has launched its new Algo Ranking Model technology, which is deigned to enhance the way institutional traders make their execution decisions.
The Algo Ranking Model, built to complement Liquidnet’s recently launched suite of Next Gen Algos, uses innovative technology and a multi-factor model to holistically profile every order to rank execution strategies in real-time according to order characteristics, trading objectives, market conditions, and performance targets.
“Today’s markets have become increasingly complex and our Members have said that many of the basic algo offerings have become commoditised. The only way to truly capture a performance advantage is by choosing the
Empaxis Data Management, a provider of middle and back-office outsourcing for investment management firms, has opened an office in London and launched Empaxis Europe Limited.
Empaxis delivers back-office operations outsourcing, reconciliation, and custom services for the asset management industry including hedge funds and family offices. Investment management firms turn to outsourcing their operations because it's challenging to retain high caliber personnel who have expertise with the software and tools required to deliver the efficiencies and accuracy necessary for today's complex compliance and security requirements.
"Outsourcing is not a new concept, but for many in investment management in Europe, it's relatively
GMEX Group has partnered with the Central Asian Stock Exchange (CASE) based in the Republic of Tajikistan through its GMEX Technologies (GMEX Tech) subsidiary.
Tajikistan is currently undergoing a significant period of change with a range of projects being supported by the European Bank for Reconstruction & Development (EBRD), The World Bank and the Asian Development Bank (ADB). Key priorities include the delivery of an improved banking sector to attract new investment. The introduction of a fully transparent and advanced technological exchange and clearing solution will support this process.
The CASE exchange application was granted in 2015 by the
Special Reports
FeatureD
- Insight
