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Pacific Alternative Asset Management Company, a USD9bn fund of hedge funds company, has promoted Dr. Philippe Jorion and Kemmy Koh to partners. "Philippe and Kemmy’s promotions recognize the unique contributions each of them have made to the firm," says Jane Buchan, chief executive officer of Paamco. "Philippe has further enhanced Paamco’s strong risk management processes, particularly in evaluating complex securities and new markets. Kemmy has continually shown an ability to master new investment strategies and we are delighted with her latest success in building our Singapore office and overseeing our Asian long/short strategies." Jorion joined the firm three years ago
Thames River Capital has launched its Africa Focus Fund, a multi-manager fund that aims to achieve a net return of 15+ per cent per annum through exposure to multiple investment strateg
Liontrust Asset Management launched the UK-domiciled Liontrust European Absolute Return fund managed by Gary West and James Inglis-Jones.
Eurex and Wiener Börse plan to enter into a cooperation which entails Wiener Börse operating its derivatives market on the Eurex system from March 2010, thereby replacing the
Bertelsmann and Kohlberg Kravis Roberts are creating a joint venture to develop a global music rights management business to which Bertelsmann will contribute its BMG Rights Management
The US Commodity Futures Trading Commission has charged Patrick J.
Riverside Partners, based in Boston, Massachusetts, it has completed a growth equity investment in Vocollect, a provider of voice enabled workforce solutions for mobile workers.
AHL, a quantitative investment manager and a division of Man Group, has selected NYSE Technologies’ OneTick solution to serve the needs of its multi-asset class research groups.
Appleby, an offshore law firm, has opened a representative office in the Kingdom of Bahrain. 
Veritas Asset Management has appointed Raymond Foo as a senior analyst to strengthen its Asia team.

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