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Assetmanagers who invest in crypto assets are expanding their footprint as managers of capital for investors. Investors are increasingly seeking out assetmanagers that have expertise in crypto assets.
Welcome to the October - December 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for assetmanagement and investment funds. By: Walkers
Fundraising challenges, higher financing costs, market volatility and an ever-tighter regulatory environment are upping the pressure for M&A among assetmanagers. Those drivers, however, apply differently depending on which segment of the market you’re looking at. By: Allen & Overy LLP
Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and assetmanagement firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed.
In this episode, we are thrilled to be joined by Liz Campbell, Chief Investment Officer at Portfolio Advisors, a global private assetmanager specializing in the US middle market.
Once considered a small, esoteric area of the lending landscape, fund finance—loan facilities secured against investor commitments to private equity (PE) funds and/or fund assets—has grown into a global market worth more than US$600 billion during the last decade, according to assetmanager abrdn. By: White & Case LLP
The proposal would establish stricter oversight of certain transactions and responds to concerns that large assetmanagers may be exerting influence on FDIC-supervised institutions.
The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two assetmanagement deals have been announced in the past 24 hours. The post Assetmanager consolidation wave continues as two deals announced in 24 hours appeared first on The TRADE.
August 01, 2024: SEAM Group, a B2B business products and services company that provides safety, reliability, maintenance, and enterprise assetmanagement services in the hospitality, food processing, and pharmaceutical industries, was acquired by ABB for an undisclosed amount.
Oaktree Capital Management has agreed to acquire Close Brothers AssetManagement (CBAM) – the wealth management arm of Close Brothers – for an equity value of up to £200 million, set to be completed in early 2025 pending customary regulatory approvals.
In this episode, we’re joined by Caroline Cooley, managing partner and CIO for Crestline Summit Strategies. Caroline joined Crestline in 1998 and has since helped build the firm into a multi-strategy, multi-portfolio and multi-billion-dollar assetmanager. By: Proskauer - Private Market Talks Podcast
The NPR seeks, in part, to address the FDIC’s concerns about the increasing stakes in insured depository institutions (IDIs) and their holding companies (IDI Holding Companies) held by large fund complexes and other assetmanagers. The NPR was adopted by a 3-to-2 vote, with Vice-Chair Travis Hill and. By: Morrison & Foerster LLP
The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets. The merger will create a mega-manager and leading player in the European sphere with roughly €1.5 trillion in assets under management. The post BNP Paribas to pay €5.1
A recent government initiative announced on March 5, 2024 signals that more antitrust scrutiny for private equity firms and assetmanagers is on the horizon.
Acquisitions of private fund sponsors can be accretive for large assetmanagers, providing access to attractive investment strategies with equally attractive margins, which can be deployed in new ways on larger platforms. 2023 may have been a surge, but even the first two months of 2024 seem like a tidal wave.
“Chesapeake’s previous deals were aimed at growing the company simply for the sake of growth,” said Mark Viviano, managing partner of Kimmeridge Energy Engagement Partners, the public investment unit of private alternative assetmanager Kimmeridge Energy Management Co.
Overall, this has resulted in a significant increase in software mergers and acquisitions in recent times. There are many types of mergers and acquisitions, each of which may be structured to achieve varying goals. Horizontal Merger When two companies in the same industry or market segment merge, they create a bigger company.
The Art of M&A® / Post-Merger Integration and Divestitures An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux COMMITMENTS to EMPLOYEES Why is it important to make and keep commitments to employees? How do pension funds respond to downsizing after mergers?
Credit Suisse has signed an agreement to sell its majority stake in Credit Suisse Investment Partners (CSIP), owned by Credit Suisse AssetManagement. CSIP segment manages funds and associated mandates – including convertible bond funds – with a total of CHF 1 billion in assets under management. “The
A consortium comprised of Macquarie AssetManagement and British Columbia Investment Management Corporation completed the acquisition of 60% of the equity in National Grid’s gas transmission and meter business in January, in a deal which valued the business at £7.5bn.
September 2, 2024 – The software mergers and acquisitions (M&A) marketplace has been bustling with activity in the first half of 2024, reflecting the sector’s robust growth and strategic consolidations. per share in cash in a transaction that values the Company at approximately $1.25 billion.
And if you are interested in this strategy, should you even target hedge funds, or would a long-only assetmanagement firm be better? And if you are interested in long-only investing, should you target assetmanagement firms instead? This second trade would be much less likely at a long-only assetmanagement firm.
UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year.
stockholder, Brookfield AssetManagement, Inc. ("Brookfield"), arising out of Rouse's merger with Brookfield in 2016. In Re Rouse Properties, Inc. Fiduciary Litigation, C.A. 12194-VCS (Del.
Securities and Exchange Commission (“SEC”) of a registration statement on Form F-4 by Delta Corp Holdings Limited, a newly created holding company incorporated under the laws of the Cayman Islands (“Pubco”).
More than 200 assetmanagers, hedge funds and other users of outsourced trading providers voiced their opinions in this first-of-its-kind piece of research. The post Around two-thirds of buy-siders believe outsourced desks could enhance trade performance in cross-border trading appeared first on The TRADE.
Part of the issue is that many different strategies fall within the “event-driven” category: merger arbitrage , activist investing , distressed investing, special situations, and more. With this one, you need to look at the entire category , which means merger arbitrage on one end and activist on the other.
Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon AssetManagement. Tony Atkins Tony Atkins has been appointed UK head of sales trading.
Top 10 Merchant Banks in India Kotak Mahindra Capital: India’s largest merchant bank, providing a wide range of services to businesses, including raising capital, mergers and acquisitions (M&A), and project finance. They can also provide advice on mergers and acquisitions, restructuring, and project financing.
This came amidst a near-constant stream of mergers and acquisitions across both the sell- and buy-side this calendar year. Songca’s appointment comes after nine years with Ninety One, originally joining the assetmanager in 2015. He will report to Blatch.
It’s 100% possible to do assetmanagement internships (or hedge fund internships ), take the CFA , and recruit for one of these large funds – assuming it’s open to undergrads. But if you’re more of a trader, multi-manager hedge funds might be up your alley – if you can get in before Ken Griffin starts saying we’re past the peak.
A stream of merger and acquisition announcements has become the norm in recent months, as institutions from all corners of the market turn to deals for consolidation and expansion. The firm’s clients include assetmanagers, hedge funds, broker dealers, banks and exchanges.
stockholder, Brookfield AssetManagement, Inc. ("Brookfield"), arising out of Rouse's merger with Brookfield in 2016. In Re Rouse Properties, Inc. Fiduciary Litigation, C.A. 12194-VCS (Del.
at a hedge fund , prop trading firm , or assetmanagement firm and then move into a commodity role once you prove yourself. appeared first on Mergers & Inquisitions. Start in trading and pivot into commodities. For example, you could start trading a slightly more accessible product (equities, options, etc.)
Macquarie AssetManagement has agreed to acquire waste services provider Coastal Waste & Recycling Inc. A major infrastructure player, Macquarie AssetManagement has invested more than $5 billion in waste management businesses in the Americas since 2007. Houlihan Lokey Inc. was co-adviser.
Though business development companies are performing well in 2023 relative to the prior two years, mergers among companies with shared managers that help reduce costs amid historic underperformance are still on the table. Over the past few years, large assetmanagers such as BlackRock Inc.
Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Tuesday, August 29, 2023 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. Rosenblum , Karessa L. Cain , Elina Tetelbaum , Carmen X.W.
If a merger arbitrage fund holds an average of 100 positions, a distressed fund might hold only 10-15 (or even fewer). The post Distressed Debt Hedge Funds: How to Become a Vulture Capitalist appeared first on Mergers & Inquisitions.
For the right person, though, fixed income research can be even better than equity research, whether you’re at a bank, an assetmanagement firm, a hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? Also, it can be quantitative or fundamental – or both! –
Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.
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