A lethal cocktail
Credit default swaps (CDS) are the darling of the credit derivatives world and their popularity has been increasing rapidly since the market took off in the early 90s.
A perfect fit Axa Investment Managers (Axa IM) bought equity management boutique Framlington back in October 2005 with the aim of breaking into the UK retail market.
Hedge funds 2.0 Contrasting headlines appeared in two papers recently. “Why today’s hedge fund industry may not survive” argued one.
BNY Mellon buys Lamp Technologies to cater to fund of hedge funds The Bank of New York Mellon (BNY Mellon) has bought Lamp Technologies, a fund of hedge funds administrative services provider based in Dallas. Lamp was formed in 2007. The terms of the agreement were not disclosed.
Fortis to buy ABN Amro Asset Management (AAAM) Fortis was given the green light by the Dutch central bank (DNB) to buy ABN Amro Asset Management (AAAM) from ABN Amro Bank last week. But the merger means that positions at AAAM hang in the balance.
Mandates and Key movers Ex-Mellon team spearheads Thames River in Dubai Thames River Capital, one of the most successful London-based hedge fund boutiques to have emerged over the last decade, has revealed plans to expand in the Middle East.
New institutional head of HSBC rethinks strategy HSBC Investments (UK) has promoted Kathleen Currie to the position of Managing Director, Institutional, less than one year after she joined the company as head of LDI.
Fund houses worldwide promote senior staff It is a case of new year, new team for many leading international fund houses who have started 2008 on a positive note by announcing a list of senior promotions.
Tributes paid to SWIP CEO Chris Phillips Senior members of the fund management industry paid tribute yesterday to former SWIP CEO Chris Phillips, who died tragically during a walking holiday in Spain.
