Saturday, 30 August 2014
Last updated 16 hours ago
Mar 14 2011 | 12:27pm ET
Credit Suisse is to hand over the administration of its Guernsey-based funds of hedge funds to a third-party firm.
The move will occur over the next six months and affect more than 40 employees of the bank's Guernsey fund administration business, which employs about 300 people, HedgeWeek reports. It is unclear if the departing employees will join the new administrator, which Credit Suisse declined to identify other than to say it is "one of the biggest fund of funds administrators globally."
"The outsourcing of our fund of funds administration business in Guernsey involves devolving a non-core administrative function, which is in line with our strategy to provide a core, client-oriented service focusing on offering strong investment performance to our asset management clients," a spokeswoman from Credit Suisse said.
The spokeswoman added that the move had nothing to do with Credit Suisse' impending acquisition of hedge fund administrator Fortis Prime Fund Solutions.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...