15 Jan 2009
Matrix to launch two funds of hedge funds to exploit market dislocations
Matrix Money Management has announced the launch of two fund of hedge funds in February, with a 1 March investment date, to be managed by…
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Hedge fund consultancy Carne Global expands to the Cayman Islands
Carne Global Financial Services, an independent consultant to the hedge fund, traditional fund and wealth management industries, has…
Man Group says it will sue over Madoff as assets fall USD14bn in fourth quarter
Man Group, reckoned to be the world's largest listed hedge fund manager, saw its share price slide by nearly 7 per cent on Wednesday after…
Comment: Man's legal action over Madoff may well prove fruitless
Man Group, the world's largest listed hedge fund management firm, says it plans to take legal action over its exposure to the fraud…
Mulvaney awards administration and custody mandates to LaSalle Global Trust Services
The Mulvaney Global Markets Fund, a specialist managed futures fund, has awarded its fund administration and custody business to the fund…
14 Jan 2009
Walkers to provide Cayman and BVI counsel from Singapore office
Offshore law firm Walkers has announced its further expansion into the Asian markets with the opening of a new office in Singapore.…
CF Arch cru Finance Fund attracts GBP40m from investors
Arch Financial Products, a financial services company, has announced inflows of GDP40m into the recently launched CF Arch cru Finance…
2009 a prolific year for macro strategies, says Eddington
Ongoing uncertainty in equity markets and volatility across asset classes is set to make 2009 a prolific year for macro strategies,…
DTCC to support all central counterparties for OTC credit derivatives
The Depository Trust & Clearing Corporation has announced it will support all central counterparty solutions for credit default swaps…
SecFinex and EuroCCP to launch central counterparty for UK stock borrowing and lending
SecFinex, a European electronic trading platform for equity finance, and EuroCCP, the London-based subsidiary of the Depository Trust &…
Comment: Alternative managers throw in the towel in Asia
GSO Capital Partners, Blackstone Group's USD25bn billion credit hedge fund management business, has revealed that it is planning to close…
Fidessa expands network to Latin America
Fidessa group, provider of the Fidessa and Fidessa LatentZero trading, market data and global connectivity solutions, has expanded into…
13 Jan 2009
Asset management M&A "to be driven by divestitures and distressed sales"
Sizable asset management transactions, which were largely absent in 2008, are likely to reappear in 2009, according to Jefferies Putnam…
Structured product exchange sees EUR64.6bn trading volume in 2008
Scoach, the structured products joint venture between Switzerland's SIX Group and Deutsche Börse, generated a turnover of EUR64.6bn at its…
GFX Alternatives targets USD1bn for multi-manager portfolio
New York-based GFX Alternatives, a member of the Global Fund Exchange Group, has established a multi-manager portfolio to invest in the…
