Wednesday, 17 September 2014
Last updated 14 hours ago
Sep 12 2008 | 9:55am ET
Deutsche Bank is in talks to buy a stake in a Russian hedge fund manager.
The German bank has its eye of UFG Advisors, a US$1 billion hedge fund firm affiliated with but separate from UFG Asset Management, the €400 million (US$558 million) asset manager it purchased a 40% stake in this week. Deutsche Bank has an option to buy the remainder of UFGAM in the future, similar to its 2003 and 2006 deals for UFG’s investment banking business.
The acquisition of UFG Advisors could be a similar two-step process, although nothing has been finalized.
UFG Advisors specializes in Russian securities, according to a Deutsche Bank statement.
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…
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