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After Hedgeweek reported at the end of June that Sunwah International Asset Management (the investment management arm of Sunwah International Ltd) was pre
Singapore’s sovereign wealth fund Temasek and its wholly owned hedge fund Seatown Holdings, are part of a consortium including other Chinese investors that this week bought a five per c
Dublin-headquartered Dillan Eustace, a leading Irish law firm focusing on the investment funds industry, has expanded its global footprint by opening an o
PIMCO has launched the PIMCO Credit Absolute Return Fund for investors seeking a global, diversified strategy that is focused on absolute return and not constrained by a benchmark.
The Credit Absolute Return Fund, which has a "go-anywhere" investment style and can employ a wide range of investments, is managed by Mark Kiesel (pictured), a managing director in Newport Beach, California.
The fund seeks out long-term, strategic investments as well as shorter-term tactical opportunities in an effort to provide positive returns in any market environment. It is designed to enable investors to diversify their fixed income allocation without being tied
I have previously discussed some of the pitfalls of the Dodd-Frank Act. But aside from this, there have been thousands of words written concerning the excessive cost that will be imposed upon the industry in complying with all of the regulations introduced globally post-2008, says Dermot Butler (pictured), chairman of Custom House Global Fund Services Ltd and Custom House Group. Over and above the costs of putting in systems and training staff to handle these compliance issues, there will be huge legal costs…
The SEC has already received a bloodied nose (once again) as a result of the Federal Appeals
The Securities and Exchange Commission has filed a settled civil enforcement action against Anthony Scolaro, a former portfolio manager at the hedge fund investment adviser Diamondback Capital Management, LLC, charging Scolaro with using inside information to trade ahead of the 29 November, 2009 announced acquisition of Axcan Pharma Inc. The SEC’s complaint also names Diamondback as a relief defendant.
In its complaint, the SEC alleges that Arthur Cutillo and Brien Santarlas, two former attorneys with the international law firm of Ropes & Gray LLP, misappropriated from their law firm material, nonpublic information concerning the acquisition of Axcan. As alleged in
The Securities and Exchange Commission has announced an asset freeze against a Chicago-area money manager and his hedge fund advisory charged with lying to prospective investors in their startup quantitative hedge fund. A federal court has entered a preliminary injunction order in the case, which was unsealed earlier this week.
The SEC alleges that Belal K Faruki of Aurora, Ill, and his advisory firm Neural Markets LLC solicited highly sophisticated individuals to invest in the "Evolution Quantitative 1X Fund," a hedge fund they managed that supposedly used a proprietary algorithm to carry out an arbitrage strategy involving trading in liquid
The BlueCrest AllBlue fund returned 1.99 per cent for the six month period to 30 June, 2011, according to results released by the company.
During the first half of the year BlueCrest Capital International, with its focus on interest rate trading, has been the largest single contributor to the performance of AllBlue, the fund into which the company invests, and has been held as the highest allocation within the portfolio.
The key contributors to the performance of the company in the reporting period were the following underlying funds: BlueCrest Capital International generated a return of 2.64% for the first half
IBM has signed a definitive agreement to acquire Algorithmics for USD387 million, subject to price adjustments at closing. Algorithmics is a risk analytics firm with operations in Toronto, Canada.
The company’s risk analytics software, content and advisory services are used by banks, investment and insurance businesses to help assess risk, address regulatory requirements and make more insightful business decisions. Algorithmics is a member of Fitch Group, which is majority owned by Fimalac, a holding company based in Paris.
This acquisition expands IBM’s business analytics capabilities in the financial services industry by helping clients quantify, manage and optimize their risk
Equity markets have had a torrid time of late, buffeted by the headwinds of slowing economic growth, and the ongoing worries about the Eurozone sovereign debt crisis. However, amongst all the gloom there are still some bright spots, says Willem Sels, UK Head of Investment Strategy at HSBC Private Bank…
Lower valuations, healthy balance sheets, and low financing costs have enabled the M&A cycle to continue. High profile deals announced in recent weeks are evidence that every threat presents an opportunity. In our view the conditions remain in place for M&A activity to continue, which should be beneficial for markets
