Wed, Dec 7, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Merger of Gottex and EIM confirm hedge fund of funds' consolidation pressure: hedge fund news, week 51

Monday, December 23, 2013

In the week ending 20th December 2013, it was reported that Gottex Fund Management and EIM Group, two alternative investment managers, had reached agreement on the proposed merger of their businesses, subject to certain conditions including approval of Gottex shareholders; Two Sigma and Hamilton Reinsurance Group partnered to acquire SAC Capital’s reinsurance unit, clearing the way for the Steven Cohen’s hedge fund firm to convert into a family office; Citigroup sold its Metalmark Capital private equity unit to comply with the Volcker Rule; and private equity firm Hamilton Lane is set to buy fund of hedge funds manager Paul Capital.

Guillaume Rambourg, the former star fund manager of Gartmore, is returning to the UK’s retail fund market with Verrazzano Capital, a Paris-based hedge fund house that manages the Verrazzano Advantage European fund with £50m, said the FT; BlackRock is raising as much as $3 billion for a hedge fund to invest in credit globally; Spartan is to launch a hedge fund that bets on the Canadian housing slump; and Neuberger Berman launched its second mutual fund that employs external hedge fund managers to manage its assets.

Harcourt, the alternative boutique of Vontobel A. M., launched the Pure Premium Strategy to o......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released