New York-based Asset Alliance Corp. is looking to take its hedge fund placement business to the U.S. and Europe with the launch of Hedgeharbor in New York and London.

UBS Investment Bank has appointed Jon Jodka to head up its U.S. prime brokerage sales division.

State Street Corporation announced yesterday that the firm’s private equity assets under administration have surpassed the $100 billion mark.

Investment management consulting firm Citisoft has beefed up its hedge fund practice with a new hire.

Law firm DLA Piper is targeting the growing hedge fund community in Asia by creating a Hong Kong-based hedge fund practice group.

London-based Clontarf Capital, an alternative asset advisory firm, and the Beryl Consulting Group, a boutique hedge fund research firm based in New Jersey, have partnered to develop and enhance their hedge fund due diligence, portfolio construction and risk management processes.

Asian hedge funds may be cold, but the Asian prime brokerage industry remains sizzling, if the latest hires by Citigroup are any indication.

Global hedge fund administrator Fulcrum Group and Butterfield Fund Services have agreed to merge to create Butterfield Fulcrum Group.

Luxembourg-based KMG Sicav SIF has launched a platform for hedge fund managers to create their own Sicav SIF funds.

HedgeFund.net has unveiled a tool allowing investors to sort and rank hedge funds based on a variety of factors.