All News
Monthly novation of CDS trades to exceed USD 45.2 trillion by 2010
Fri, 05 September 2008, 06:01
Eighteen years after the credit default swap (CDS) was created to help firms hedge against the risk of default of a given asset, TABB Group estimates that the average notional value at risk (the total value of a leveraged position's assets) of trades novated monthly will exceed USD 45.2 trillion by 2010, an 88% CAGR (compound average growth rate) from 2005. 
ATEP expands investment team
Fri, 05 September 2008, 06:00
Alliance Trust Equity Partners (ATEP), the private equity arm of Alliance Trust PLC, has appointed Layla Fear as Investment Manager. Fear will add to ATEP's skill set as it drives forward Alliance Trust's commitment to UK and European private equity through funds and co-investment.
RBC Capital Markets snaps up Bear Stearns team
Fri, 05 September 2008, 06:00
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada today announced that it has hired 11 bankers from Bear Stearns to form a new US institutional equity sales and trading team to be based in London and Switzerland.
TriAlpha fund of hedge funds approved for distribution in Singapore
Fri, 05 September 2008, 06:00
The five sub funds of TriAlpha Investment Advisors' TriAlpha Alternative Strategy Unit Trust have been approved as restricted recognised schemes for distribution in Singapore.
UK M&A market contracts by a quarter with opportunism increasingly likely to drive transactions, says Freshfields
Fri, 05 September 2008, 06:00
The latest data on UK M&A published today by the Office of National Statistics demonstrates the effects of the credit crunch on the market, with the number and value of UK deals for the first half of this year falling by around a quarter compared to the same period a year ago, according to international law firm Freshfields Bruckhaus Deringer.
Man launches notes linked to IP220 investment strategy
Fri, 05 September 2008, 05:59
Man Investments has launched the Man IP220 Index Notes Series 4 based on the Man IP220 family of investment products. The notes feature capital protection and a controlled level of risk.
Celent reports 'formidable challenges' for hedge fund administrators
Thu, 04 September 2008, 06:01
With the hedge fund industry undergoing seismic shifts, fund administrators are faced with a formidable set of business and operational challenges, according to a new report from Boston-based strategic consulting firm Celent.
Summit Partners boosts Boston and London teams
Thu, 04 September 2008, 06:00
Summit Partners, the private equity and venture capital firm that has raised more than USD 11 billion since its inception, has appointed four new vice presidents. They are Amit Chaturvedy and Chris S Crawford in the Boston office, and Matthias F. Steinberg and Rytis Vitkauskas in the London office.
Former Coutts and Ward Consultancy specialists join HFM Columbus
Thu, 04 September 2008, 06:00
HFM Columbus, the UK wealth manager, has appointed two high profile private client financial consultants to work out of its central London offices.
Comment: More consolidation and start-ups in hedge fund administration
Thu, 04 September 2008, 06:00
Consolidation in the hedge funds administration industry has been picking up pace in the last two years. And even though it has somewhat slowed in the last few months to keep pace with global market conditions, there are signs of further consolidation in the pipeline.
Baird adds investment banking in China to platform
Thu, 04 September 2008, 06:00
Baird, an employee-owned international capital markets, private equity, wealth and asset management firm, has expanded its global platform to include investment banking capabilities in Asia with the addition of Anthony Yan-Hong Siu, Managing Director.
NYSE Euronext improves efficiency of European cash equity markets
Thu, 04 September 2008, 06:00
NYSE Euronext announce is extending 'decimalisation' from today to an additional tranche of 71 European stocks traded on its Amsterdam, Brussels, Lisbon and Paris markets to further improve market efficiency.
Société Générale Securities Services opens new office in Hong Kong
Wed, 03 September 2008, 14:27
Société Générale Securities Services has opened a new office in Hong Kong to offer transfer and registrar agent services.
Custom House and Equity Trust complete merger
Wed, 03 September 2008, 06:01
Custom House Global Fund Services Ltd and Equity Trust have completed the formal merger of Equity Trust's Fund Services Business and that of Custom House. The merger, which was announced in May, has now received regulatory approval in the various jurisdictions in which Custom House and its subsidiaries operate and is effective from 2 September 2008.
CLS announces senior hire from ICAP
Wed, 03 September 2008, 06:00
CLS Bank International has appointed Roger Rutherford as the new Head of Product Management at CLS Services reporting to Rachael Hoey, Director of Business Development at CLS. Rutherford will drive the product development programme at CLS leveraging his global FX electronic trading expertise.
Change Capital Partners to sell Jil Sander to Onward and GIBO
Wed, 03 September 2008, 06:00
Change Capital Partners LLP, the private equity firm specialising in retail and consumer industries, has reached agreement to sell Jil Sander AG, the iconic fashion house which provides luxury women's and men's ready-to-wear, accessories, footwear and fragrances, to Onward Holdings Co, Ltd, the Tokyo-listed apparel group, and its European subsidiary, GIBO' Co SpA, for an equity value of EUR 167 million.
Comment: Young guns go for it
Wed, 03 September 2008, 06:00
Hedge fund followers - keep your eyes on the following young people in the near future. After all, it is these youths that will determine the future direction of financial markets.
Thames River celebrates tenth anniversary of Hillside Apex Fund
Wed, 03 September 2008, 06:00
The Thames River Hillside Apex Fund, launched in 1998 and managed by Bernt Tallaksen and Mehrdad Noorani, is celebrating its tenth anniversary. Over the 10 years to 31 July 2008, the fund has grown to USD 1,240m and has returned +218.6% (cumulative) or +12.3% (annualised).
Comment: Atticus Capital wraps Deutsche Börse stake
Tue, 02 September 2008, 07:02
According to a media report, Atticus Capital, one of New York's most powerful activist hedge fund the largest investor in Deutsche Börse, has put its entire stake in the German exchange into a special limited vehicle to block redemptions by clients and boost its negotiating strength with management.
Venus Capital hires prop desk trader from Fortis
Tue, 02 September 2008, 06:17
Tajinder (Natty) Singh has joined Venus as Boston-based Venus Capital Management, Inc., the investment management company specialising in Asian investments. As Vice President, Trading Strategist, Natty will focus on market neutral trading in Asian markets.
