February 22, 2012

Artemis Acquires Somerset Capital

On January 30, 2012, Toronto, Canada-based Artemis Investment Management announced that it had acquired Seward & Kissel client Somerset Capital Advisers LLC, a New York based wealth management company.

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February 6, 2012

Eurofin Capital Acquires Hedge Fund Manager NAU Capital

On February 6, 2012, Eurofin Capital announced that it had acquired NAU Capital, a London-based multi strategy hedge fund manager with approximately €90 billion in assets under management.

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January 19, 2012

Cowen Group to Acquire Algorithmic Trading Management

 On January 17, 2012, Cowen Group, Inc. announced it had agreed to acquire Algorithmic Trading Management, LLC, a provider of algorithmic execution trading models.

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January 11, 2012

CVC Capital and Resource America Form Global Credit Manager

On January 4, 2012, Resource America, Inc. (NASDAQ: REXI) announced that it had entered an agreement to sell Apidos Capital Management, LLC to CVC Capital Partners SICAV-FIS, S.A. for $25 million and a minority stake in a newly created global credit manager.

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January 5, 2012

Mitchell, Hartley & Bechtel Client Letter

Mitchell, Hartley & Bechtel Advisors on January 3, 2012 issued a client letter which includes an analysis of 2011 M&A activity and trends in the asset management sector.  To read this letter, click here (PDF reader required).

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December 28, 2011

FrontPoint to Spin Out Remaining Hedge Fund

On December 22, 2011, newstimes.com reported that FrontPoint Partners LLC’s last hedge fund manager, Stephen Czech, will leave the firm to start his own hedge fund.

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December 19, 2011

Wells Fargo To Acquire EverKey Global Partners

On December 15, 2011, Wells Fargo announced that it had entered a definitive agreement to acquire Seward & Kissel client EverKey Global Partners, a global equity manager which will join Wells Capital Management, the asset management subsidiary of Wells Fargo Bank, N.A.

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December 16, 2011

Apollo Global Management to Acquire Stone Tower Capital

On December 16, 2011, Apollo Global Management announced that it had agreed to acquire alternative credit manager Stone Tower Capital LLC for an undisclosed sum.

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November 23, 2011

Carlyle Acquires Churchill Financial

On November 18, 2011, The Carlyle Group announced that it had acquired middle market lender Churchill Financial BDC Inc. from Olympus Partners for an undisclosed amount.

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November 17, 2011

November 16, 2011 Webinar – Preparing for Upcoming Hedge Fund Tax Implications

The webinar, sponsored by Financial Research Associates, featured as speakers Seward & Kissel tax partner Jim Cofer, Madison Street Capital’s Karl D’Cunha and RSM McGladrey’s Daniel Wall, and covered tax and transaction strategies for the sale of hedge fund management firms.  To view materials presented during the webinar, …

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