04 Dec 2008
Lenders take control of New Star Asset Management in debt-for-equity swap
A consortium of banks that loaned GBP300m to New Star Asset Management just before the credit crunch erupted is to take control of the…
More
Neuberger Berman to be acquired by management after private equity bid topped
A group consisting of portfolio managers, the management team and senior professionals will take a majority stake in Neuberger Berman and…
Market volatility forcing US equity traders to change execution strategies, says Tabb report
Market volatility that has reached unimaginable levels and shows no sign of settling back down to pre-crisis levels is changing the way US…
Laven Partners continues expansion with appointment of ex-FSA enforcement official
London-based investment management consultancy Laven Partners has appointed Kevin Quinlan, who earlier worked for the enforcement division…
Paamco recruits KBC Alpha pan-Asian fund of hedge funds team
Pacific Alternative Asset Management Company, an Irvine, California-based fund of hedge funds manager with USD9bn in assets has announced…
Hedgeweek Comment: Opportunity for a new EU fund jurisdiction?
Despite opposition from two of the European Union's biggest fund jurisdictions, EU finance ministers have backed the introduction of a…
03 Dec 2008
Stonehage Group's TriAlpha and ACP Partners merge to create USD2.5bn asset manager
Multi-family office Stonehage Group has announced the merger of TriAlpha, its asset management arm, with ACP Partners to create a combined…
Man Group to merge Glenwood Capital Investments and Man Global Strategies
Man Group, one of the world's largest alternative investment managers, has announced an internal reorganisation that involves the merger of…
Cayman law firm Truman Bodden to merge with Bahamas' Higgs & Johnson
Cayman Islands law firm Truman Bodden has announced a merger with Higgs & Johnson of the Bahamas as of the beginning of next…
Hedgeweek Comment: Paulson sets an example for his peers
There are not many investment options that can deliver strong positive returns in the current turbulent market environment, but US hedge…
Eurex trading volume slips back to 140.5 million contracts in November
The international derivatives exchange Eurex traded a total of 140.5 million contracts in November (not including the trading volume of its…
02 Dec 2008
Way joins forces with EEA Fund Management to launch US life settlement fund
Way Fund Managers, part of a UK-based group of independent financial advisers, is teaming up with life settlement fund provider EEA Fund…
Ucits funds see outflows of EUR193bn so far in 2008, says Efama
For the first nine months of 2008, Ucits recorded total net outflows of EUR193bn, including EUR92bn in the third quarter, according to the…
Hedge fund asset flows went into reverse in third quarter, says Lipper report
Net hedge fund industry asset flows in the third quarter reversed the trend of the previous two quarters, with a decline of USD18.6bn…
Hedgeweek Comment: The baby and the bathwater
EU Internal Market Commissioner Charlie McCreevy says he will launch a wide-ranging public consultation on oversight and risks attached to…
