Monthly Archives: November 2019
OSL leaps on new Hong Kong rules with crypto exchange license bid
(Reuters) – Hong Kong-based OSL, part of BC Group, said on Thursday it had become the first cryptocurrency firm to apply for a digital asset exchange license from the Securities & Futures Commission (SFC). Hong Kong hosts dozens of cryptocurrency […]
AMS launches new Osram bid, courts investors with concessions
(Reuters) – AMS (AMS.S) launched a renewed $5 billion takeover bid for Osram (OSRn.DE) on Thursday, hoping its latest offer would convince investors with a lower acceptance rate and concessions to the German lighting group’s management and trade unions. To […]
SEC Charges Adviser for Running Ponzi Scheme Targeting Haitian Community
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against a New York investment adviser for operating a multimillion-dollar investment club that was actually a fraudulent Ponzi scheme targeting members of the local Haitian community as well as his family […]
NFA orders Golden Meadow Investments to both withdraw from and never again apply for NFA membership
(Opalesque) The National Futures Association (NFA), the self-regulatory organization for the U.S. derivatives industry, has ordered Golden Meadow Investments to both withdraw from and never again apply for NFA membership or principal status with any NFA Member. Golden Meadow is […]
North American assets under management totals $43tn, up 7%
(Opalesque) North American assets under management (AUM) totaled $43 trillion in 2018, a 7% increase from the previous year, but overall industry profits (excluding alternative investments) fell 3.7% from the year before to $42.6 billion, according to the report. According […]
Greystar raises $2bn for tenth US multifamily property fund
(Opalesque) South Carolina-based rental housing giant Greystar Real Estate Partners has made a final close on its fund Greystar Equity Partners X with equity commitments of $2 billion. The company which manages and operates an estimated $150 billion of the […]
German institutional investors to boost investments in alternative investment funds
(Opalesque) 83 percent of the surveyed investors intend to step up their activities in alternative investment funds (AIFs), said a research. Of these 70 percent plan to increase their investments in infrastructure funds, a mere 3 percent intend to scale […]
Global cross-border blockchain B2B transactions to hit $4.4tn by 2024
(Opalesque) The total value of B2B cross-border payments immutably stored on the blockchain will exceed $4.4 trillion by 2024 – a massive increase from the mere $171 billion in 2019. A fresh report from Juniper Research revealed that financial institutions […]
CFTC Charges Denari Capital, LLC and its Owners with $8.3 Million Forex Fraud
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced the filing of a complaint in the U.S. District Court for the Northern District of California, charging defendants Travis Capson of Utah, Arnab Sarkar of California, and their California-based company, Denari […]
CSC to acquire TCS-Groep in the Netherlands
(Hedgeweek) CSC, a provider of specialized administration services to alternative asset managers, is to acquire TCS-Groep (TCS), a Netherlands-based service provider for alternative investment funds (AIFs). To read this article:
Altas Partners raises $3bn for its second North America buyout fund
(Opalesque) Canadian private equity investment firm Altas Partners has amassed $3 billion for its second North America buyout fund, Altas Partners Holdings II. The vehicle was oversubscribed and closed at its hard cap, said the firm founded on the idea […]
Brookfield Asset Management raises $9bn for fifth buyout fund
(Opalesque) Toronto-based alternative asset management company Brookfield Asset Management closed its latest flagship private-equity fund, Brookfield Capital Partners V (BCP V), at $9 billion, exceeding its $7 billion fundraising target. BCP V’s previous flagship fund, Brookfield Capital Partners IV, closed […]
