News

StanChart given three weeks to respond to stock manipulation accusations

Hedge fund action claims ‘invalid trigger’ of bond conversion left them with worthless shares 


Online poll: No rush to take up AIFMD passport extension

Nearly half of respondents predict ‘very little uptake’ unless private placement option removed

Lyxor tips alt Ucits for 20-30% growth rate in next few years

Head of MAP Daniele Spada says expansion ‘shows no signs of abating’



SkyBridge opens London office as European HQ

Hesham Alquaraini joins from Kuwaiti Investment Authority to head operation


Mitsubishi acquires Guggenheim ’40 Act admin arm

Rydex Fund Services to add $52bn in AuA to MUFG admin platform


News round-up: Platinum Partners in ‘Ponzi scheme’ probe

Activist Marcato builds Terex stake; Fortress settles executive firing suit


Fortress to shut event-driven hedge fund unit

Centaurus Global Funds to close as asset manager trims ‘underperforming liquid markets’ division, Q2 results reveal


Opportunity for credit funds ‘flourishing’, according to new research

Deloitte and Aima affiliate report finds private credit fund market grew by $120m in a year


Dixon Midland preps multi-strat fund launch

Chicago firm to combine existing managed futures fund with US l/s equity strategy


News round-up: Ex-Fortress manager preps macro shop

Toscafund reveals 14.7% flagship loss after Brexit; Goldman Sachs EMEA cap intro head departs


AllianceBernstein confirms Visium deal is off

$490bn asset manager says it won’t proceed with acquisition of Visium Global fund


Hathersage hires FX veteran as senior PM

Andrew Wilkoff joins macro manager from Standard Chartered


Fiera Capital to acquire Larch Lane Advisors

Canadian money manager buys FoHF to expand US alternatives offering




Tages Capital adds second fund to Ucits platform

Anavon Capital’s long/short equities strategy to launch with $28m


Guggenheim Partners shuts GFS alt Ucits platform

Funds transferred to Swiss private bank; move follows managed account platform closure


Jupiter hires ex-Dexion investment head for major alts push

Magnus Spence will launch new products across asset class and region


News round-up: Steve Cohen to invest up to $250m in Quantopian

Einhorn plays down UK EU exit impact; distressed debt managers fail to impress in H1; and more…


Former Soros PM Randy Yuen starts Jafra Capital

Global long/short equity firm launched on 1 July with ‘several hundred million’