August 31, 2011

Hedge Funds seek strategy diversity, sometimes at a cost

This August 19, 2011 article by Paula Schaap in The Deal Pipeline discusses hedge fund management firms’ efforts to expand into more diversified investment strategies, quoting Seward & Kissel partner Jim Abbott. To read this article, please click here.

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August 31, 2011

Carlyle Takes Minority Stake in Avalon Advisors

On August 30, 2011, The Carlyle Group announced that it has made a minority investment in Houston-based asset manager Avalon Advisors LLC.

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August 30, 2011

C-III Capital Acquires Special Servicing and CDO Businesses from JER Partners

On August 30, 2011 C-III Capital Partners LLC announced that it had acquired the commercial real estate special servicing and CDO management businesses of real estate investment manager JER Partners.

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August 28, 2011

Abraaj Capital Acquires Amundi’s North African PE Business

On August 28, 2011 Abraaj Capital announced its acquisition of the North African private equity business of French asset manager Amundi.

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August 24, 2011

Rothschild to Acquire Elgin CLOs

On August 22, 2011, Bloomberg.com reported that family-owned financial advisor Rothschild has agreed to acquire CLO manager Elgin Capital LLP, tripling its European leveraged loans under management.

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August 24, 2011

FrontPoint Sells Hedge Fund to MatlinPatterson

On August 19, 2011, Reuters reported that hedge fund manager FrontPoint Partners will sell one of its funds to private equity firm MatlinPatterson.

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August 23, 2011

nabInvest Acquires Stake in Peridiem Global Investors

On August 23, 2011 National Australia Bank’s asset management business, nabInvest, announced that it had taken a minority stake in fixed income manager Peridiem Global Investors LLC.

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August 22, 2011

Union Bancaire Privée to Acquire ABN Amro Swiss Unit

On August 16, 2011, Union Bancaire Privée, UBP SA and ABN AMRO Bank N.V. announced an agreement whereby UBP will acquire ABN AMRO Bank (Switzerland) AG for an undisclosed amount.

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August 22, 2011

Lovell Minnick Acquires First Allied

On August 22, 2011 Lovell Minnick Partners announced an agreement to acquire independent financial services firm First Allied from Advanced Equities Financial Corp.  Based in San Diego, California, First Allied includes the broker/dealer, registered investment advisor, wealth management, insurance services and pension services businesses of…

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August 17, 2011

Citi Capital Advisors Acquires DiMaio Ahmad CLO Business

On August 16, 2011, Citi Capital Advisors announced that it had acquired the management responsibilities of four collateralized loan obligations from DiMaio Ahmad Capital.

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