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LaCrosse Global Fund Services has completed its acquisition of the alternative fund administration business of Bank of America Merrill Lynch.
LaCrosse now has more than USD21bn in assets under administration and more than 250 employees.
The acquisition was originally announced on 19 July 2010.
LaCrosse is a provider of operations, middle-office and administration services to managers of complex hedge funds.
Irish law firm Mason Hayes+Curran has appointed Mark Browne as a partner in its investment funds department.
Browne has over ten years’ experience in the funds industry and advises on all aspects of the structuring, establishment and ongoing operation of investment funds in Ireland.
In particular, he advises on the redomiciliation of offshore funds to Ireland and the restructuring of hedge funds as Ucits.
Prior to joining Mason Hayes+Curran, Browne practised for four years as an attorney-at-law specialising in hedge funds in a law firm in the Cayman Islands. He also previously worked in the investment funds department of another
Geneva-based Pictet Funds, the fund management arm of Swiss private bank Pictet & Cie, has announced plans to launch a new UCITS fund that will aim to capture secular growth across the G
London headquartered investment advisor, Park Place Capital Ltd., is to roll out a UCITS
UK hedge fund giant, Man Group, has announced the launch of its latest UCITS III offering; the Man Long/Short Europe.
Geneva-based Stigma Partners, the boutique independent asset manager with CHF1.5 billion in AUM, is to launch a new UCITS on 1 October.
London-based Threadneedle has decided to launch the Absolute Emerging Market Macro Fund for its head of emerging market debt, Richard House reports Citywire Global.
The Greenwich Composite Investable Index gained 0.29 per cent in August in tumultuous market conditions, with returns from arbitrage and futures managers contributing the most to performance.
Six of nine Greenwich investable indices moved higher on the month, as some strategy groups turned in their best performance so far this year.
The Greenwich Investable Futures Index was the best performer for the month, gaining 3.56 per cent as trend-following strategies capitalised on moves in fixed income and commodities.
The Greenwich Investable Arbitrage Index posted the second best results, advancing 1.86 per cent.
The Greenwich Long-Short Equity Investable Index declined by
100 Women in Hedge Funds, a non-profit organisation for professionals in the alternatives industry, has raised nearly GBP500,000 at its London Gala event which took place last night at the historic Middle Temple Hall.
The event was attended by over 200 leaders from across the hedge fund industry.
The net proceeds will go to support Centrepoint, a national charity that works to improve the lives of young homeless people.
The organisation also presented Geraldine Sundstrom of Brevan Howard Asset Management with its 2010 European Industry Leadership Award.
HRH Prince William of Wales attended the gala. Prince William became a
The US Commodity Futures Trading Commission has obtained an emergency federal court order freezing the assets of defendants Rodney W. Whitney, Nicholas T. Cox and Integra Capital Management of North Carolina.
The order, entered on 29 September by Judge Thomas D. Schroeder of the US District Court for the Middle District of North Carolina, also prohibits defendants from destroying books and records and grants CFTC staff access to such documents.
The court scheduled a hearing for 15 October on the CFTC’s motion for a preliminary injunction.
The order stems from a CFTC enforcement action charging the defendants with fraud and
