One finger

Frost Brooks completes first deal

Frost Brooks, the boutique private equity firm co-founded by mid-market private equity specialists Miles Frost and Peter Brooks, has completed its first deal with a significant capital raising for Parcel Monkey. »


Facial

LBO France and entrepreneurs acquire French skincare brand Payot from Puig

LBO France, via its Hexagone III fund, has acquired an 80 per cent stake in Payot, a French cosmetics and skincare laboratory, alongside a new management team led by Italian entrepreneur Andrea Surliuga. »


Hong Kong

Two additional partners to join Akin Gump in Hong Kong

F Mark Fucci and Anne-Marie Godfrey are to join law firm Akin Gump’s Hong Kong office. »


Gear stick

Automotive cyber security firm Argus secures USD4m Series A funding

Argus Cyber Security, which specialises in automotive cyber security, has raised USD4 million in a Series A funding. »


UK flag

Move to make UK global centre for sharing economy

Prompted by the success of a new wave of businesses including Airbnb, Rentmyitems and Zipcar, the UK Government is launching an independent review of the sharing economy. »


Two fingers

Adamas appoints two senior advisors

AIM-quoted Adamas Finance Asia has made two senior appointments at its Hong Kong-based investment manager Adamas Asset Management (HK). »


James Williams, Hedgeweek

The growing perils of operational risk

In the last few years, operational due diligence on hedge fund managers has taken on the same level of forensic detail as the hit TV show CSI New York. Given that this has coincided with greater institutional allocations, it is entirely understandable; mom and pop’s pension is at risk. »


Lisa Smith, Eze Castle Integration

SEC alert places cyber security risk at forefront

Cyber security has quickly become a headline risk for hedge fund managers. On 15 April 2014, the SEC issued its Cyber-Security Risk Alert, a detailed 26-point questionnaire that aims to address various elements of a hedge fund’s technical and operational infrastructure to determine how vulnerable it is to cyber attacks and data theft. »


Brian Storms, Liquid Holdings

Financial intermediaries in the driver’s seat

New York-based Liquid Holdings Group has developed a real-time risk analytics solution for those who manage multiple accounts, traders or strategies, and as a result require an aggregate view of market and liquidity risks. The new solution, LiquidFIRM (Financial Intermediary Risk Management), is the latest addition to Liquid’s cloud solutions and services. »


risk

Technology helps unravel risk management complexity

Hedge fund investors are taking a more measured approach to their allocation process. They want to understand the alpha proposition and the risk-weighted return profile of a manager but, as important as market risk is, they want assurances that operational risk is being demonstrably managed. »


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