Latest News
Arden Asset Management is to assume the management of Robeco Group’s USD1.3 billion fund of hedge funds business, Robeco-Sage, effective 1 October, 2011.
Averell Mortimer, Arden’s President and Chief Executive Officer, says: “We are very excited about this transaction and look forward to continuing to serve our combined investor base with a broad range of institutional multi-manager hedge fund portfolios as we strategically expand our business.”
Under the terms of the agreement, certain of Robeco-Sage’s investment, client service and operations professionals will join Arden. Paul Platkin, Chief Investment Officer, and Darren Wolf, Head of Research, will join the Arden investment
Cube Capital has expanded its research team with the appointment of Rui Tang as an investment analyst for the firm’s flagship Global Multi-Strategy (CGMS) Fund.
Although based in Cube’s Hong Kong office, Tang will be a generalist assisting with research efforts across all strategies and geographies. She will work closely with Cube’s other offices in London, Shanghai, Beijing, Moscow and Kiev.
Cube plans to hire two additional analysts this summer, reflecting increased interest in the USD1.2 billion firm from institutional investors.
Tang was previously at Fintan Partners LLC, a US-based fund of hedge funds, where she spent over
Intertrust Group Holding SA (Intertrust) has completed the acquisition of Close Brothers (Cayman) Limited and Close Bank (Cayman) Limited, after having received all regulatory and other necessary approvals. Intertrust and Close Brothers Group Plc already signed the sale and purchase agreement on 18 March 2011.
All the activities of Close Brothers (Cayman) Limited and Close Bank (Cayman) Limited (together ‘Close Brothers Cayman’) will be fully rebranded into Intertrust as of 1 August 2011.
David Goldstein and Gerald Rokoff, both formerly with White & Case LLP, have joined DLA Piper as partners in New York. Goldstein joins the firm’s global Finance Group and will lead the Investment Funds Practice. Rokoff joins the Tax Group.
“With the addition of David and Jerry, DLA Piper deepens its investment funds bench and creates a significant opportunity to develop a holistic practice representing private equity and hedge funds in their most complex transactions,” says Roger Meltzer (pictured), Global Chair of DLA Piper’s Corporate and Finance Practice. “Their collective experience further enhances our full service approach to representing
Aoifinn Devitt, Portfolio Manager of the City Financial Asian Absolute Growth Fund, comments on faltering economic growth in China…
“Pre-emptive moves by the Chinese government to contain inflation, via both interest rates and RRR hikes, are starting to bite. Although the investment managers that we follow would agree that it is too early to declare victory over inflation in the country.
“Latest manufacturing figures indicate that growth momentum, while more subdued than before, remains strong and they are likely to give cheer to investors who have become considerably more concerned regarding the sustainability of that growth, leading Chinese markets
Man Group plc’s Hong Kong-based quantitative managed futures manager, AHL, has seen its staff headcount double to make it one of t
Following the merger of the two law firms Collas Day in Guernsey and Crill Canavan in Jersey two months ago – renaming themselves as Collas Crill &n
Stanley Ku, the former Hong Kong head of Fortress Investment Group is getti
Hong Kong’s high court today (June 2) said that it would rule within two weeks on whether to ban New York-based hedge fund Tiger Asia<
Order book turnover on Xetra and on the trading floor of the Frankfurt Stock Exchange stood at EUR136.5 billion in May – a decrease by 16 per cent year-on-year (May 2010: EUR163,5 billion).
Of the EUR136.5 billion, EUR130.8 billion was attributable to Xetra which registered a decline of 16 per cent y-o-y (May 2010: EUR155.5 billion). EUR5.7 billion was attributable to floor trading in Frankfurt, a decrease of 29 per cent y-o-y (May 2010: EUR8 billion). Order book turnover on Tradegate Exchange totaled EUR2.4 billion in May, making it 50 per cent higher y-o-y (May 2010: EUR1.6 billion).


In
