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Whilst startup numbers are undoubtedly healthy for Hong Kong this year, with 65 per cent of hedge fund managers choosing to domicile there, the issue of capital raising remains prominent.
Sensato Capital Management, a San Francisco-based hedge fund is to receive USD50 million in seed capital from FRM Capital Advisors (FCA).
George Walker, the Chairman and CEO of US asset management firm Neuberger Berman that manages USD3.7 billion in fund of hedge fund assets globally, is looking to focus his atte
Singapore-based Solaris Asset Management is launching the Solaris Capital SPC Equity Arbitrage Fund
Cowen Group has hired Amrit Agrawal as a managing director in the global capital markets group.
Agrawal will be primarily responsible for advising corporate clients on financing solutions across the capital structure, including on acquisition finance.
Agrawal will also assist clients with private debt placements, exchange offers, consent solicitations and tender offers.
Agrawal will be based in New York and will report to Kevin Reynolds, head of global capital markets.
“We are very pleased to welcome Amrit to Cowen,” says Reynolds. “Over his 17 year career on Wall Street, Amrit has advised numerous management teams and board of directors, domestically
BlackBerry Partners Fund’s co-managers have merged their investment teams to focus exclusively on mobile venture capital investment opportunities under the BlackBerry Partners Fund brand around the world.
The USD150m BlackBerry Partners Fund was founded in 2008 with capital commitments from limited partners, including Research In Motion, Thomson Reuters and RBC.
The fund was previously co-managed by JLA Ventures and RBC Venture Partners.
The fund has made 12 investments since October 2008. RBC remains a limited partner in the fund.
"While it is business as usual for all of our existing portfolio companies, the reorganisation of the BlackBerry Partners Fund manager
At the beginning of November 2010, Markus Fuchs will take up his new position as senior counsel with the Swiss Funds Association.
He will support the executive board in the fields of alternative investments and asset management in particular.
Fuchs was formerly a managing director and head of product management at UBS.
His career spans positions with Credit Suisse Group, Swiss Life and latterly UBS.
“We are pleased at this appointment, which will strengthen our executive board. Markus Fuchs has a long-standing track record covering all facets of the funds and asset management business, from administration to actual management right
The US Commodity Futures Trading Commission has obtained more than USD16.2m in restitution and civil monetary penalties in a federal court order against defendants Scott P. Kear, Sr., Jeffery L. Lyon and entities they controlled, M25 Investments and M37 Investments, all of Waxahachie, Texas.
The consent order, entered on 25 October 2010 by Judge Barbara M. G. Lynn of the US District Court of the Northern District of Texas, resolves a CFTC anti-fraud enforcement action filed in September 2009 that charged the defendants with fraudulently soliciting approximately USD8m from approximately 213 individuals to trade off-exchange leveraged foreign currency, forex options
A recovery in the valuations of convertible securities held in the portfolios of institutional investors in the US and Europe has not translated into a pick-up in trading volumes, which continued to decline from 2009 to 2010.
The recovery in global equity markets and the tightening of credit spreads around the world last year helped restore the valuations of institutional convertible securities holdings by some 20 per cent in the US and Europe.
Despite the growth in AUM, the results of Greenwich Associates’ 2010 Convertibles Investors Study reveal that average institutional trading volumes in convertible securities declined by ten per
Jersey Finance has welcomed the Council of Minister’s proposals to retain the jurisdiction’s personal taxation rate at 20 per cent.
Setting out his budget proposals, Treasury and Resources Minister Senator Philip Ozouf said ministers wanted the States of Jersey Assembly to send out a powerful message that it would maintain the 20 per cent rate, describing it as one of Jersey’s key elements of stability and economic success for more than 60 years.
Geoff Cook, chief executive, Jersey Finance, says: “The Council of Minister’s proposals provide the reassurance and certainty that investors need and will be particularly welcome to those
