Sunday, 19 April 2015
Last updated 22 hours ago
Jan 6 2010 | 10:41am ET
Independent advisory firm Carne Global Financial Services has been engaged by Merchant Capital to provide independent directors to its UCITS III service for hedge fund managers.
The Carne Directorship Program offers traditional, hedge and alternative fund managers the full range of capabilities of experienced, independent, non-executive fund directors. Each member of the panel has over 15 years’ global industry experience. The 12-strong team has experience in a wide range of funds and related management companies, including hedge funds, funds of hedge funds and UCITS III funds, as well as property, private equity and multi-manager funds.
“We were very pleased to be selected by Merchant Capital, an innovator in the hedge fund industry, to provide corporate governance to their clients. Their service is filling an important gap in the market and we are excited to be part of their success as they take advantage of the trend in UCITS fund growth,” said Ann-Marie Galvin, a director at Carne Global Financial Services, which has approximately US$250 billion in assets under supervision.
George Cadbury, a director at Merchant Capital, added, “The UCITS III requirements for corporate governance are a significant selling point of the framework for fund managers and their investors. Carne is a leader in this area and its Independent Directors Panel enables us to draw on the skills and experience of directors who are the best in their fields.”
Earlier this month, Merchant Capital launched its UCITS III umbrella structure for hedge fund managers, including small to medium-sized funds, offering them a fast route-to-market, thus significantly reducing the high fees normally incurred when establishing a fund.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…