Sunday, 28 December 2014
Last updated 3 days ago
Apr 19 2011 | 1:28am ET
Hong Kong hedge fund Samena Capital has entered a joint-venture with Reyl & Cie that will see its hedge fund seeding business combined with the Swiss private bank's "wealth and asset management expertise."
Reyl is buying 50% of Samena's Asia Managers seeding business. The deal will see the firms pooling their resources to expand seeding activity, develop infrastructure, run managed accounts and develop bespoke products, the two firms said.
"Samena Capital provides Reyl & Cie with an ideal platform to further their ambitons of penetrating the [India, Asia, Middle East and North Africa] region," Samena Capital's chairman, V-Nee Yeh, said. "In return, Reyl & Cie offers Samena Capital extensive knowledge in mutual fund management and European distribution with strong emphasis on best-in-class processes and compliance, as well as investment expertise that originates from four decades advising European clients."
Samena, which currently has about US$400 million in assets under management, is currently raising its second special situations fund.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.