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Liontrust Asset Management Plc has completed the acquisition of the fund management business of Occam Asset Management.
The acquisition fulfills Liontrust’s publicly stated objective of expanding into the fast growing Asia and Emerging Markets asset classes to complement its existing UK and Europe fund management capability.
Occam brings the management of four Dublin-based funds and two Cayman Islands-domiciled hedge funds to Liontrust, with the funds being rebranded and three of them being renamed.
The Dublin funds are: Liontrust Asia Absolute Return (formerly Occam Asia Absolute Return), Liontrust Asia (Occam Asia Focus), Liontrust Pan European (Occam Europe Focus) and Liontrust Emerging
Equinoxe Alternative Investment Services has appointed Irfaan Hossany as a Director of its new Mauritius office. Hossany joins Equinoxe from JPMorgan in Bermuda, having worked previously for PwC.
Stephen Castree, CEO of Equinoxe, says: "I am delighted with the Global Custodian results as further evidence that our approach to managed growth and excellent service is well received by our clients, following our successful integration of the MadisonGrey business in the USA in 2010/11. With the physical opening of the Mauritius office it is clearly an exciting step in Equinoxe’s global growth."
Equinoxe has recently rolled out a new suite of
BlueBay Asset Management Ltd, a leading specialist manager of fixed income and alternative investment products, has launched a Private Lending business designed to facilitate the flow of credit to small and medium sized enterprises (SMEs) in Europe.
The business will capitalise on the ongoing retrenchment from the lending markets by banks and alternative lenders by offering new senior and subordinated loans to European SMEs for acquisitions, capital growth, restructuring and liquidity situations.
This new initiative will be headed by industry veteran Anthony Fobel, previously a partner at Och-Ziff Management and head of its European private investment business. It will
Fees for global Investment Banking services, from M&A advisory to capital markets underwriting, totalled USD64.0 billion during the first nine months of 2011, an 8% increase over last year at this time, according to Thomson Reuters l;attest Global Banking Review.
Third quarter investment banking fees totalled USD16.0 billion, a 37% decrease from the second quarter of 2011 and the slowest three-month period for investment banking fees since the first quarter of 2009. Fees from EMEA companies fell 42% during the third quarter, while fees in Japan increased 27% in Q3.
JP Morgan topped the global investment banking league table for
The exodus of former Walkers and Maples and Calder partners to burgeoning boutique law firm Thorp Alberga continues. Linda Martin, Anne Todd and Matthew Stocker, have joined five of their former colleagues to practice Cayman Islands and BVI law from their offices in the Cayman Islands and Hong Kong.
Recently recognised in the Asia Hot 100 Law Firms, Thorp Alberga now comprises some eight former Maples and Walkers partners.
Thorp Alberga is a boutique offshore law firm providing Cayman Islands and BVI
legal and structuring advice for all types of offshore transactions including asset finance, capital markets, private equity, hedge
Independent fund services provider Butterfield Fulcrum, and Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg.
This relationship offers non-European fund initiators a quick and cost effective solution to launch Luxembourg-domiciled funds with a single point of contact for fund administration and corporate secretarial needs. With a focus on alternative investment funds and structures, this strategic partnership will help investment managers, institutional investors and family offices realise their investment ideas through a unique plug and play solution.
Butterfield Fulcrum
Singapore Exchange (SGX) says derivatives and commodities activity rose while securities trading fell in September from a year earlier.
Securities turnover fell 21% year on year to SGD30 billion, in line with global markets, due to economic and fiscal uncertainties. Securities daily average value was SGD1.4 billion, down 25% from a year earlier. However, exchange traded fund turnover more than doubled from a year earlier to SGD1.1 billion and structured warrants trading more than doubled to SGD928 million.
Total derivatives volume increased 33% year on year to 7.2 million contracts; derivatives daily average volume was 349,378 contracts.
Nifty futures volume
Daiwa Securities Global Asset Services, the fund servicing arm of the Daiwa Securities Group has retained its Statement of Auditing Standards (SAS) 70 Type II report from its independent auditors, KPMG, in respect of Daiwa Europe Fund Managers Ireland Limited, its Fund Administration operation in Ireland.
The report was issued in final form in August and covers the 12 month period ending 31 May 2011.
Daiwa’s previous SAS70 Type II report was issued in January 2011, but in response to developing industry trends and the wish to give clients and fund auditors the highest level of continuous assurance , Daiwa
Following a period of strong inflows, the Directors of the Melchior European Fund (MEF) have taken the decision to hard close the fund, which is managed by Leonard Charlton. The closure took effect from 1 October.
MEF, a Cayman Island-domiciled European equity long short fund for which Dalton Strategic Partnership (DSP) is the sub-investment manager, was launched in October 2006 since when it has delivered a return of +54.19% vs. the MSCI Pan European index return of -19.99%. This has been achieved with an annualised volatility of only 6.48%
The closure of the Melchior European Fund follows the
Dematco, Inc a specialist in dematerialising and converting insurance instruments from paper form to electronic form, has announced a 50% revenue sharing agreement with Toronto-based hedge fund manager Quantus Investment Corp.
Investment instruments and derivative products will be created from dematerialised Senior Life Insurance Policies. Dematco and Quantus expect to bring Variable Stripped Units, Senior Life Settlement Units, bonds and distinctive instruments to market in acceptable dematerialised form for Institutional participation. A 50/50 sharing of fees arising from introductions by each party to the other has been entered into.
Robert Stevens, Dematco Chairman and CEO, says: "In a market traditionally
