Temasek Holdings has founded Seatown Holdings. But what is it?
Conflicting reports say the new investment firm could be a hedge fund platform—it would be among the largest in the region with US$3 billion. But other sources flatly deny that Seatown, which features DiMaio Ahmad Capital co-founder Nasser Ahmad as co-CEO, will be a hedge fund. Temasek veteran and former Lazard Freres banker Charles Ong is the firm's other CEO.
Fund of hedge funds firm International Asset Management Limited has opened a branch office in Spain and is making a push to expand its client base in Southern Europe.
Cantor Fitzgerald has announced the creation of a new alternative investment and advisory business—Cantor Investment Advisors—which will be led by Stephen Ardizzoni.
TCW Group has moved to quell investor discontent after it called its fired chief investment officer a drug user and pornography addict by cutting fees.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.