Mercer to buy SCM Strategic Capital... [more]From RTTNews/Nasdaq.com: Mercer, a subsidiary of Marsh & McLennan Cos Inc, Friday agreed to buy SCM Strategic Capital Management AG, a Swiss-based specialist private markets advisor and delegated solutions provider. The financial terms of the deal were not disclosed.
The acquisition will furth
Misery widespread at hedge funds... [more]From WSJ.com: This month’s turmoil in financial markets has been a “bloodbath” for hedge funds, inflicting large losses at an array of multibillion-dollar firms in the industry’s worst stretch since late 2011. It isn’t unusual for one segment of the $2.8 trillion hedge-fund world to find itself caug
Multi-strategy hedge fund assets surpass $400bn... [more]From Risknet: The strategy has experienced a turnaround and attracted greater net inflows than any other in the past two years, according to eVestment research Assets under management (AUM) of multi-strategy hedge funds have reached a new peak of more than $403 billion in the third quarter of 2014,
Multi-asset funds promise all-in-one toolkit... [more]From FT.com: Ask multi-asset fund manager Toby Nangle about his heroes, and one of his answers is surprising: a character from the children’s novel 101 Dalmatians. Mr Nangle is a fan of the dogs’ human companion Mr Dearly, a “wizard of finance” who has “done the government a great service (something
Asset management achieves strongest growth since financial crisis... [more]From Biznews.com: Boston Consulting Group has a new report out concluding that, “The asset management industry has achieved its strongest year of growth since the onset of the financial crisis.” As always, the consulting firm’s annual report on global asset management is a dry, number-laden and utte
Comment - The star system is still shining at hedge funds... [more]From PIonline.com: William H. Gross might be the last of the true superstar managers at traditional investment management shops, but star power still is very marketable in the hedge fund industry. For years, long-only equity and fixed-income managers scrambled to relabel their investment approaches
Asia - The six families who run Hong Kong... [more]From ATimes.com: Life is indeed sweet if you're a Hong Kong property tycoon. In what is routinely considered the "freest" economy in the world, an oligarchy of property developers sets supply and pricing (see part 1 of this report). This applies not only to residential apartments but also to shoppin
Service Providers - Terra Firma appoints Blackstone for Four Seasons... [more]From Cityam.com: Terra Firma has hired Blackstone Group to look into “a number of financial and strategic matters” at its Four Seasons Health Care business, a source close to the company told City A.M. last night.
The news follows rumours that Terra Firma, the British private equity giant owne
…And Finally - Couple 'fined' £100 by hotel for bad review... [more]From Orange.co.uk: A couple were "fined" £100 by a Blackpool hotel after they wrote an internet review describing it as a "rotten stinking hovel run by muppets".
Tony and Jan Jenkinson stayed at the Broadway Hotel in August and were so disappointed with their accommodation that they took to Tr