Thursday, 25 December 2014
Last updated 1 day ago
Jun 5 2014 | 9:03am ET
GAM Holding is nearing a deal for a U.S. hedge fund that has enjoyed strong performance but which has struggled to raise money.
The Swiss fund of hedge funds is in advanced talks with New Jersey-based Singleterry Mansley Asset Management. A deal could come as soon as this week, The Wall Street Journal reports.
Singleterry Mansley’s five-year-old Beachwood Total Return Fund hasn’t yet suffered a down year, rising another 3% in the first quarter. But it also appears stuck at about $400 million in assets.
A deal with GAM would leave management of the fund with firm founders Gary Singleterry and Tom Mansley, with GAM taking over marketing to boost its capital base.
GAM has some $129 billion in assets under management.
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.