Lawyers from Carey Olsen’s corporate team have provided Guernsey legal and regulatory advice to Stenham Asset Management, the London based fund of hedge funds group, on its acquisition of Montier Partners. Montier Partners is a discretionary investment management provider with offices in London and Guernsey. As part of the deal Montier’s Guernsey staff will join Stenham at their Guernsey base in St Peter Port. Andrew Boyce, corporate partner at Carey Olsen, says: “The acquisition is a positive for both parties involved and is indicative of the hedge fund market moving towards a consolidation of niche firms with larger houses.”

Deutsche Börse Group has welcomed the intended regulation on over-the-counter derivatives, central counterparties and trade repositories as presented on Wednesday by the European Commission. It says the regulation demonstrates that the European Union is making significant progress toward fulfilling G20 commitments aimed at improving the stability and safety of financial markets. The group supports major aspects of the proposed regulation that will contribute to these objectives, among them: • The obligation for OTC derivatives to be cleared via CCPs so that risks are optimally managed, • The reporting requirements and establishment of trade repositories in the EU in order to provide regulators