Privately-held businesses in debt crisis-stricken Portugal, Spain and Italy are in many respects in better financial health than their publicly-listed peers, according to analysis from S&P Capital IQ. While recent investor concerns over the ability of Portugal, Spain and Italy
The Monetary Authority of Singapore (MAS) has set the deadline for the official release of the new rules concerning fund managers for August 2012. The announcement was made by Ravi Menon (pictured), managing director of the MAS, at the MAS
Phoenix Investment Adviser, a private investment firm that specialises in high-yield corporate debt, has named Peter Hughes as a senior research analyst. As a part of the investment team, he will cover the technology, business services, retail, restaurant, and metals
Affiliated Managers Group (AMG) has increased its investment in BlueMountain Capital Management, a credit alternatives manager which has been an AMG affiliate since 2007. Under the terms of the transaction, all eight members of BlueMountain’s management committee, including its chief
Sciens Capital Management Group has appointed Farhang Mehregani as chief investment officer of Sciens Alternative Investments (SAI) division. SAI comprises Sciens funds of hedge funds business, managed account services, investment services and advisory solutions. Mehregani will report to Sciens
Louis M Bacon’s Moore Capital Management is planning to return USD2bn to investors due to ‘disappointing’ investment returns from its flagship hedge fund, Moore Global Investment Fund, over the past 18 months. New York-based Bacon informed investors of his decision
The UK Supreme Court, in the conjoined appeals in Rubin and New Cap, has rejected the modified universalist doctrine that established common law rules as to the enforcement of foreign judgments, do not (or should not) apply to insolvency orders.
Summit Partners has raised a USD520m credit fund to address the borrowing needs of growing middle-market companies. This brings Summit’s total equity and credit capital base to nearly USD15bn. The fund will be run in Boston by managing directors Todd
The International Swaps and Derivatives Association (ISDA) is supporting the Clearing Connectivity Standard (CCS), an industry standard that helps improve over-the-counter (OTC) derivatives reporting and communication for asset managers, futures commission merchants (FCMs), central counterparties (CCPs) and custodians. To further
Ho Ho and Qi Shou have joined the International Advisory Council of the Shanghai Hedge Fund Association (SHFA). The SHFA is a not-for-profit organisation dedicated to promoting the industry’s growth in Shanghai and China. Based in Shanghai, the financial
