Any doubts that the hedge fund bubble has now inflated to bursting point are dispelled by a report in "Derivatives Week" that JP Morgan is about to make its long anticipated entry into the prime brokerage business, with operations in
Zurich Scudder's Mutual Fund Business Moves to Chicago Zurich Scudder Investments plans to cut staff and move its U.S. mutual fund business from Boston to Chicago, according to Bloomberg. The report indicated that some account managers and support operations staff
Mutual Risk Management (MRM), parent company of leading hedge fund administrator Hemisphere, announced on February 19 that the business was for sale. The company has received a number of bids and is engaged in negotiations with a potential purchaser. The
Phoenix Investment Partners, Ltd., the investment management subsidiary of The Phoenix Companies, Inc., has announced an agreement in principle to form a strategic alliance with LJH Global Investments, LLC, a hedge fund advisory firm. The Phoenix LJH relationship initially will
Northwest Mutual Funds Eyes Merger Northwest Mutual Funds wants to merge the Northwest Specialty Resource Fund into Northwest Specialty Equity Fund, pending unitholder and regulatory approval.3 Plansponsor.comAFBA 5Star Funds Increases its Family AFBA 5Star Funds has recently added the AFBA
Investment Technology Group, Inc. ("ITG") and Hoenig Group Inc. ("Hoenig") have signed an agreement under which ITG will acquire Hoenig for approximately $115 million, or $12.34 to $12.59 per share of Hoenig. The purchase price will be paid entirely in
A new fund of 'rising star' hedge funds is being launched by Bank of Bermuda. All Points Absolute Return Funds Opportunity Fund takes advantage of the early strong performance typical of new hedge fund managers. It seeks to provide the
A group of senior Bank of America stock derivatives traders (Van Nguyen, global head of equity derivatives trading, John Illuzzi, Andrew Mitchell, Venk Reddy, Nathaniel Newlin and Tim Walton) have left to form a hedge fund, according to Reuters, citing
KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different
KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different