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HELPCENTER
09 Jul. 2024 Switzerland third largest asset management market in Europe [more]
Opalesque Industry Update - After a challenging previous year, the Swiss asset management industry has returned to growth in 2023. More than ever, the industry is proving to be an important pillar of the Swiss economy, characterised by its high level of international competitiveness and a broadly di
09 Jul. 2024 Higher confidence levels in Q2 from multi-strategy and global macro hedge funds [more]
Opalesque Industry Update - AIMA, in partnership with Simmons & Simmons and Seward and Kissel, have issued the 15th quarterly Hedge Fund Confidence Index (HFCI), which provides a snapshot of hedge fund managers' confidence in their economic prospects for the coming 12 months. Q2 2024 results
09 Jul. 2024 ESMA's stress test of Central Counterparties finds clearing system resilient [more]
Opalesque Industry Update - The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has published the results of its fifth stress test exercise for Central Counterparties (CCPs). The results confirm the overall resilience of European Union (EU) CCPs
09 Jul. 2024 MetLife launches $1.2bn PE fund-of-funds [more]
Laxman Pai, Opalesque Asia: MetLife Investment Management (MIM), an institutional asset management business of MetLife, announced the launch of its second private equity fund for institutional clients in concert with the closing of approximately $1.2 billion in commitments to a new MIM-managed fu
09 Jul. 2024 Norwest raises $1.4 billion across two funds [more]
Bailey McCann, Opalesque New York: Norwest Capital Advisors has raised $1.4 billion across two funds. One billion was raised for Norwest Equity Partners XI and $400 was raised for Norwest Mezzanine Partners V. The Norwest Capital team is already actively deploying both funds. Norwest Equity
08 Jul. 2024 Sidley adds M&A partner [more]
Opalesque Industry Update - Sidley announced that Jonathan Olsen has joined the firm as a partner in the M&A and Emerging Companies and Venture Capital practices, practicing in San Diego. Prior to joining Sidley, he was a Technology and M&A partner with Goodwin Procter LLP. Mr. Olsen regularly a
08 Jul. 2024 Hedge fund performance mixed in June as global election risk surges [more]
Opalesque Industry Update - Hedge funds posted mixed performance in June as election and political risks surged throughout Asia, Europe and the US; as European and Asian central banks cut interest rates despite persistent inflationary pressures, while US large cap Technology stocks extended gains to
05 Jul. 2024 Tenzing racks up $1.15bn for third fund, oversubscribed at its hard cap [more]
Laxman Pai, Opalesque Asia: Tenzing, a growth equity investor specializing in tech and tech-enabled businesses in the UK and Europe, has soared past GBP900m ($1.15bn) for its third fund, making the new vehicle more than double the size of its predecessor and closed at its hard cap, with excess de
04 Jul. 2024 Shiprock Capital announces new Senior Analyst [more]
Opalesque Industry Update - Shiprock Capital Management Limited, a London-based investment management firm focused on Global Distressed and Special Situations, has announced a new Senior Analyst. Yacine Bourezak has over nine years of investing experience. Prior to joining Shiprock, Yacine spent
04 Jul. 2024 Lone Star Funds amasses $5.3bn to invest in distressed assets [more]
Laxman Pai, Opalesque Asia: Lone Star Funds raised about $5.3 billion with the final closing for its 12th opportunity fund, Lone Star Fund XII. The Fund will continue its strategy of investing in distressed assets in real estate, corporate equity, credit, and other financial assets even as pri
03 Jul. 2024 CFTC charges employer with failing to include whistleblower carveout in agreements with employees [more]
Opalesque Industry Update - In its latest Employment Litigation Roundup, U.S. law firm Seward & Kissel reports that commodities trading firm Trafigura Trading LLC agreed to pay a $55 million fine to
03 Jul. 2024 Five SWFs achieved a perfect score around GSR issues [more]
Laxman Pai, Opalesque Asia: Temasek (Singapore), CDPQ (Quebec), BCI (British Columbia), NZ Super (New Zealand), and ISIF (Ireland) achieved a perfect score around governance, sustainability, and resilience (GSR) issues, revealed a study. The Global SWF's 5th edition of its GSR Scoreboard a
03 Jul. 2024 SEC charges against Hedonova Fund and Hedonova Advisors for fraudulent scheme [more]
Matthias Knab, Opalesque: The U.S. Securities and Exchange Commission (SEC) has filed charges against Hedonova LLC and Hedonova Advisors LLC, alleging that the companies engaged in a fraudulent scheme to mislead investors about their operations and financial status. According to the complaint fil
02 Jul. 2024 Weinstein wants to hold BlackRock accountable [more]
Opalesque Industry Update - Saba Capital Management, L.P. issued a statement regarding its campaign to improve the Boards of Trustees of 10 poorly governed and underperforming closed-end funds manage
02 Jul. 2024 New Mountain Capital racks up $15.4bn for the sixth buyout fund [more]
Laxman Pai, Opalesque Asia: New York-headquartered growth-oriented alternative investment firm New Mountain Capital closed its seventh fund at $15.4 billion, exceeding hard cap with help from the largest-ever GP commitment. The fund hit its $14 billion hard cap and includes a $1.4 billion gene
02 Jul. 2024 Ardian raises $3.2 billion for sixth-generation co-investment platform [more]
Bailey McCann, Opalesque New York: Ardian has raised $3.2 billion for the sixth generation of its co-investment platform Ardian Co-Investment Fund VI, including fund commitments and mandates from Ardian Customized Solutions. The firm says fund VI is 23% larger than its predecessor fund which
01 Jul. 2024 Operations consultancies merge to form Fintova Partners [more]
Opalesque Industry Update - Fintova LLC and Nexgen360 LLC, consultancies offering strategic advisory, technology, operations, and risk management services to the financial services industry, announced their merger to form Fintova Partners LLC. This powerful combination brings together accomplish
01 Jul. 2024 SEC charges Consensys Software for unregistered offers, sales of securities through Staking Service [more]
Opalesque Industry Update - The Securities and Exchange Commission (SEC) charged Consensys Software Inc. with engaging in the unregistered offer and sale of securities through a service it calls MetaMask Staking and with operating as an unregistered broker through MetaMask Staking and another servic
01 Jul. 2024 BlackRock to acquire data provider Preqin [more]
B. G., Opalesque Geneva: BlackRock, Inc., an American multinational investment company headed by Larry Fink, is to acquire 100% of Preqin, an independent provider of private markets data, for GBP2
01 Jul. 2024 Global M&A deal value up 5% to reach $1.3tn in first half of 2024 [more]
Laxman Pai, Opalesque Asia: According to a report by PWC, in the first half of 2024, while the value of M&A deals rose by 5% compared to the first half of 2023, overall transaction volume fell by 30%, continuing a downward trend that started in 2022. The report, '2024 Mid-Year Outlook: Glo
01 Jul. 2024 Kliner Perkins raises $2 billion for two funds [more]
Bailey McCann, Opalesque New York: Venture capital firm Kliner Perkins has raised $2 billion across two new funds. According to a Bloomberg report the firm raised $825 million for a new fund targeting young startups, and $1.2 billion for a later-stage fund. The firm will invest across of vari
01 Jul. 2024 Freeflow Ventures raises $50M across two funds for health investments [more]
Bailey McCann, Opalesque New York: Freeflow Ventures, an early stage venture capital firm that invests in large-scale opportunities to improve human and planetary health, has raised $50 million across two funds. $35 million was raised for the firm's second flagship fund and an additional $15
01 Jul. 2024 Pershing Square US closed end fund to IPO at $50 per share [more]
Bailey McCann, Opalesque New York: Pershing Square will list a US closed-end vehicle at a price of $50 per share, Bloomberg first reported the news. Pershing Square USA is seeking to raise $25 billion from retail investors through the listing. If successful, Bill Ackman could have the largest US
30 Jun. 2024 Mandia named general partner of Ballistic Ventures [more]
Opalesque Industry Update - Ballistic Ventures, the venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity, is pleased to announce that co-founder Kevin Mandia is now General Partner. Mandia is one of the world's most recognized ex
29 Jun. 2024 Hedge fund launches surge to begin 2024 as industry assets rise to record [more]
Opalesque Industry Update - New hedge fund launches surged while liquidations remained steady to begin 2024 as industry assets hit a record level of $4.3 trillion while fund managers positioned for growing geopolitical risk, representing potential for significant policy shifts, financial market vola
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