Thursday, 31 July 2014
Last updated 10 hours ago
Mar 4 2008 | 10:10am ET
New York-based Millennium Capital Management has acquired the assets of Castlegrove Capital, a London-based multi-strategy hedge fund active. As part of the transaction, a number of Castlegrove portfolio managers and other employees will joins Millennium’s affiliate in London, Catapult Capital Partners.
Terms of the transaction were not announced.
Israel Englander, chairman of Millennium, said the acquisition gives the firm “a broader base in Europe” and it will “continue to participate actively in the consolidation of the hedge fund industry.”
The Millennium Group of investment managers currently has approximately $13 billion in assets under management.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…