Latest News
Ozannes and Mourant du Feu & Jeune, two offshore law firms, have merged to create Mourant Ozannes.
The merged firm brings together two legal practices in Guernsey and Jersey to create a firm with industry knowledge across the Channel Islands.
With over 200 fee-earners and 50 partners practising from offices in the Cayman Islands, Guernsey, Jersey and London, Mourant Ozannes is one of the world’s largest offshore law firms.
Group managing partner Jonathan Rigby (pictured) says: “We are very excited by the opportunities that the merger presents and we are looking forward to working together as one firm towards our
Structured Portfolio Management, a fixed income alternative asset management firm, has expanded its investment team with the hire of four professionals: Mehdi Malaki, Yicheng Zhong, Qian Yang, and Kyle Johnson.
Malaki will concentrate on capital structure transactions within the SPM Opportunity Fund; Zhong and Yang will join the mortgage research and risk management teams respectively; and Johnson brings his experience from S.A.C. Capital Advisors to the firm’s software team.
Malaki joins SPM as a managing director and will work alongside Vishal Bhutani (also managing director) in managing the fixed income multi-strategy Opportunity Fund. Previously, Malaki was a senior analyst
MSCI, a provider of investment decision support tools, has completed its acquisition of RiskMetrics Group.
Under the terms of the transaction, each outstanding share of RiskMetrics common stock not held by MSCI, RiskMetrics or any of their subsidiaries has been converted into the right to receive a combination of 0.1802 of a share of MSCI’s class A common stock and USD16.35 in cash, without interest.
“Today, we take another significant step forward in our ambition to become the leading provider of mission-critical investment decision support tools to investors globally,” says Henry Fernandez, chairman and chief executive of MSCI. “The addition
The Observatoire de la Communication Financière (OCF) has launched a new and enhanced edition of it’s popular “Glossary of Financial Communication Terms”, originally published in 2004 and reissued in 2006. The new edition was presented by members of the OCF at the 1 June NYSE Euronext bell ceremony.
The new edition has been updated by OCF member professionals from Bredin Prat, French investor relations association CLIFF, PricewaterhouseCoopers and French financial analysts group the SFAF, with the backing of NYSE Euronext. It is designed to assist the entire financial reporting profession in getting to grips with its wide-ranging terminologies and concepts. H
New derivatives rules in the bills now headed into the US Congressional conference committee process, will impact far beyond banks and other derivatives market players, according to a new report from Greenwich Associates.
Because of the central role that derivatives play in the U.S. banking system and in global financial markets, costs imposed by new regulations will have a far-reaching impact on banks’ ability to lend, the price and availability of credit for companies and consumers, and on companies’ ability to protect their bottom lines against volatility in commodities and financial markets.
The new report – Derivatives Reform: Reducing
Northern Trust has enhanced its Hedge Fund Monitor solution with the addition of a new compliance module designed to support the unique demands of UCITS funds-of-hedge funds.
"Our latest Hedge Fund Monitor enhancement helps fund managers running UCITS funds-of-hedge funds to monitor their compliance with restrictions on liquidity, concentration risk and exposure to underlying non-UCITS funds," says Ian Headon (pictured), senior product manager for alternative asset servicing at Northern Trust. "In addition to real time, customised investment compliance measurement and performance and liquidity reporting, we have added functions specific to restrictions and guidelines relating to UCITS funds. This assists managers
The Blackstone Group has completed the initial public offering of Blackstone/GSO Senior Floating Rate Term Fund.
The fund’s primary investment objective is to seek high current income with a secondary objective of preservation of capital, consistent with its primary goal of high current income.
The fund issued USD280m in its common share offering, excluding the underwriters’ option to purchase additional shares.
GSO/Blackstone Debt Funds Management, a subsidiary of The Blackstone Group, is the fund’s investment adviser. The lead managers of the common share underwriting syndicate were Morgan Stanley, Citi, BofA Merrill Lynch, UBS Investment Bank, and Wells Fargo Securities.
"We
Iveagh Private Investment House, the Guinness family office and asset manager, and 47 Degrees North Capital Management, an alternative investment provider, have launched the Iveagh Newcits Fund.
The fund offers investors access to a diversified portfolio of Ucits regulated absolute return strategies, known as Newcits funds.
It will focus solely on absolute return strategies employing a global, multi-strategy portfolio allocation.
47, as sub-adviser for the fund, selects and recommends the underlying funds based on its fundamental bottom-up research methodology. Iveagh and 47 construct the portfolio in collaboration maintaining a focus on stable absolute return potential and diversification, even in turbulent
The US Commodity Futures Trading Commission (CFTC) has obtained a USD1.4 million civil monetary penalty against David A Owen of Destin, Florida, in a commodity fraud action.
The consent federal court order entered by US District Court Judge M. Casey Rodgers of the Northern District of Florida, recognizes that Owen paid approximately USD1.7 million in restitution in a related criminal action and permanently bans him from engaging in certain commodity-related activities, including trading on registered entities.
The order, which arises out of the CFTC complaint filed on October 30, 2009, finds that Owen fraudulently solicited at least USD2.5 million
Kinetic Partners, the professional services consultancy focused on the wider asset management industry, has marked its fifth anniversary by reporting record growth.
Established in 2005, Kinetic Partners provides the asset management industry and investment firms with a bespoke service for clients who need in-depth industry advice, analysis and valuation across borders.
The firm has offices in London, Dublin, Cayman, New York and Geneva. It plans to enter the Asia market with a Hong Kong office set to open later this year.
Kinetic Partners has recorded its most successful year to date with revenue growth of 25 per cent and a
Special Reports
FeatureD
- Insight
