Latest News
Franklin Square Capital Partners its senior secured investment in Blueprint Sub (doing business as iSqFt), a provider of software and bid information to the commercial construction industry.
The increased commitment finances the merger of iSqFt and CMD Group, a Norcross, GA headquartered provider of construction information.
The financing was provided by FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II (FSIC II) and FS Investment Corporation III (FSIC III), BDCs managed by affiliates of Franklin Square and sub-advised by GSO / Blackstone Debt Funds Management LLC (GDFM), an affiliate of GSO Capital Partners LP (GSO).
The combination of iSqFt and
Fort Rock Asset Management, LLC has become the first fund of hedge funds to join the tru Independence community.
The SEC-registered investment advisor will utilise tru Independence's cloud-based technology platform to create service and operational efficiencies which will assist the firm in accelerating its growth.
"Our expertise, scale and relationships enable us to support the long-term maturity and expansion of both wealth management and investment advisory businesses in all stages of development," says Craig Stuvland (pictured), president and chief executive officer of tru Independence. "We look forward to working with Fort Rock to assist in accelerating growth and meeting its
This extract from the Preqin Investor Outlook: Alternative Assets, H2 2015 features data gathered in our latest investor interviews (conducted June 2015) and focuses on hedge fund investors’ plans for the coming year.
A larger proportion of investors plan to invest less capital in hedge funds over the next year than are planning to invest more capital in the asset class (Fig 1). The failure of hedge funds to meet investors’ expectations, in terms of performance, over the past 12 months may have contributed to the reluctance of many investors to put more money to work in the asset class in the year to
The focus remained on China, with PBoC announcing a surprise Yuan devaluation and steps towards the liberalisation of its quotation mechanism. While factoring the outright impact of the approximate 5 per cent devaluation against USD – in EM currencies and in exports sectors – markets also read this development as an additional sign of slower Chinese growth.
Following an initial announcement in July, JTC has formally completed its acquisition of Kleinwort Benson’s Fund Administration business, taking the company’s global headcount to over 450 staff.
Completion follows receipt of approvals from the relevant regulatory authorities and sees JTC add to its existing operations in the Channel Islands, as well as giving the company its first permanent presence in South Africa. The deal also brings JTC’s total Assets under Administration (AuA) to USD56 billion and bolsters its specific strengths in private equity, real estate and debt funds.
Nigel Le Quesne (pictured), Group CEO & Chairman, says: “The conclusion of
Markit, a provider of financial information services, is to acquire DealHub, a provider of trade processing and trading services to the foreign exchange market.
The acquisition will enable Markit to offer customers a comprehensive solution for FX across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting. It will also expand Markit’s customer base among banks, brokers and asset managers in the FX markets.
Brad Levy (pictured), managing director and head of Markit’s Processing division, says: “DealHub is a great company and highly complementary to Markit’s growing FX processing business. This acquisition adds depth to our FX
Till Capital Ltd has appointed Alan S Danson as Director to replace William Harris, who resigned from the Board effective 17 August, 2015.
Danson will stand for election to the Board at the Company's Annual General Meeting to be held 15 October, 2015.
Danson is currently a private investor and volunteer board member of several non-profit organisations. During his career, he worked as an attorney in a Wall Street law firm, an investment banker on Wall Street, an investment manager and investment banker in Mexico City, a partner in a venture capital firm in Denver and an entrepreneurial manager in
Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has made an investment in Fenergo, a provider of client lifecycle management software solutions for investment banks, capital market firms and private banks.
Fenergo’s automated platform streamlines processes for both the front-office and back-office, enabling the efficient and compliant on-boarding of clients based on golden source client and counterparty data, improving time to revenue.
Aquiline is co-investing with Insight Venture Partners, a leading global venture capital and private equity firm investing in high-growth technology and software companies. Through the investment, Fenergo will be able to support its
CRT Capital Group (CRT), an independent institutional broker-dealer, has expanded its institutional sales, trading and research platform with the hiring of six new senior research analysts.
These hires follow CRT’s April 2015 acquisition of the Institutional Equities business of Sterne Agee Group, Inc., which is now branded as Sterne Agee CRT, and strengthens the organisation’s role as a leading provider of alpha-generating research for its institutional client base.
Joining CRT Sterne Agee’s highly-regarded Research Group as Managing Directors are Robert Cihra, Douglas Freedman, Vinay Misquith, April Scee, Peter Winter and Brett Levy.
Robert Cihra joins the firm’s Technology sector research
Frank C Meyer has retired from the Board of Directors of Fifth Street Asset Management. Mark J Gordon has been appointed to the Audit Committee and David J Anderson to the Nominating and Corporate Governance Committee to fill the vacancies created by Meyer's departure.
Additionally, Chief Executive Officer Leonard M Tannenbaum (pictured) has been named Chairman of the Nominating and Corporate Governance Committee. At this time, the Board has determined to not fill the vacancy created by Meyer's resignation and to decrease the size of the Board from seven members to six members.
"We would like to thank Frank for
Special Reports
FeatureD
- Insight
