05 Jan 2009
Silk Invest acquires a majority stake in Danfonds Frontier Funds SPC
Silk Invest, a specialist asset management firm, has acquired Danfonds Frontier Fund SPC, a Cayman based hedge fund, in an all equity…
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FDIC sells USD14bn IndyMac Federal to private equity consortium
The Federal Deposit Insurance Corporation has signed a letter of intent to sell the banking operations of Pasadena, California-based…
Aberdeen acquires GBP40bn Credit Suisse asset management business
Aberdeen Asset Management has agreed to acquire Credit Suisse's fixed-income, money-market and equity asset management business in Europe,…
24 Dec 2008
CME certifies proposal to clear credit default swaps
The Commodity Futures Trading Commission has announced that the Chicago Mercantile Exchange has certified plans to provide clearing…
23 Dec 2008
IDCG granted regulatory approval to clear OTC interest rate swaps
International Derivatives Clearing Group has announced that the Commodity Futures Trading Commission has approved its application as a…
22 Dec 2008
NIR Group launches commodities fund
NIR Group, an alternative investment firm specialising in low correlation strategies, has announced that Cortan Commodity Partners is now…
19 Dec 2008
International investors doubt that accounting changes will help relieve financial crisis
Fewer than a quarter of the respondents to a survey carried out by French business school and investment research institution Edhec believe…
Ernst & Young New Zealand Absolute Return Index reaches new high
The Ernst and Young New Zealand Absolute Return index surged to a new high in November, gaining 1.502 per cent for the month, bringing…
Société Générale Asset Management sells London subsidiary to GLG Partners
Société Générale Asset Management has agreed to sell its London-based asset management subsidiary, SGAM UK, which managed USD8.2bn in…
Comment: A new broom at the SEC?
As the Securities and Exchange Commission and its (outgoing) chairman Christopher Cox agonise publicly over what they might have done to…
European fixed-income market hit by reeling dealers, fewer hedge funds and limited liquidity
Three consequences of the current financial turmoil will shape Europe's fixed-income markets for years to come, according to the latest…
18 Dec 2008
Eurex to launch Europe's first property futures in February
International derivatives exchange Eurex plans to launch Europe's first property futures on 9 February 2009. International derivatives…
Research indicates short selling restrictions have had little impact
Academic research from Professor Ian Marsh and Norman Niemer of Cass Business School, London, finds no strong evidence that the emergency…
17 Dec 2008
One-fifth of European speculative grade companies could default by 2010, says S&P
The deteriorating global economic outlook, difficult funding conditions in the bank markets and ongoing volatility in financial markets…
Fairfield Greenwich Group sees Swiss merger collapse after USD7.5bn Madoff loss
US fund of hedge funds manager Fairfield Greenwich Group, facing the possible loss of more than half of its assets through the collapse of…
