Lombard Odier is to reorganise the administration of its own funds in Jersey by transferring its domestic fund business to legal and financial services firm Bedell Group. Most of Lombard Odier’s existing fund administration staff are expected to continue working on the funds on behalf of Bedell. Bedell Fund Services

Preliminary figures show that CDC Group, the UK’s development finance institution, made a return of GBP207m and invested GBP359m in businesses in developing countries in 2009.  2009 marked the start of CDC’s new five-year investment policy which will see it make at least 75 per cent of new investments in

Asset management group Polar Capital intends to launch the Polar Capital Global Healthcare Growth and Income Trust. It is intended that PCGH will seek admission to trading of its ordinary shares on the London Stock Exchange with a premium listing. PCGH is looking to raise over GBP100m through a proposed

Institutional investors increasingly believe that emerging markets are attractive for private equity investment, both on a standalone basis and relative to more developed markets, according to the latest EMPEA/Coller Capital emerging markets private equity survey. Over half (57 per cent) of limited partners who currently invest in emerging markets private

Infinity Venture Capital Fund, an Israel-based venture capital fund, has entered into an agreement to sell its stake in Teledata Networks, a Netherlands-based provider of access network solutions and products for telecom service providers, to Enablence Technologies. Elron Electronic Industries and Kardan Israel are also selling their stake in Teledata

Appleby, a provider of offshore legal, fiduciary and administration services, is opening its office in Guernsey today. The group will now have 81 partners, 215 lawyers and over 800 staff worldwide. The new office will practise Guernsey law with a focus on corporate and commercial law, private client and trust

A subsidiary of Citigroup has sold 16.4 million shares of Primerica common stock to private equity funds managed by Warburg Pincus for USD230m. The transaction included warrants that will allow the Warburg Pincus funds to acquire approximately 4.1 million additional shares of Primerica common stock over a period of seven

The US venture financing industry raised USD4.7bn for 597 deals in the first quarter of 2010, up 12 per cent from the same period last year, according to Dow Jones VentureSource. The median deal size was USD4.5m in the first quarter of 2010, down from the USD5m seen in the

The Riverstone/Carlyle Global Energy and Power Funds, a group of energy-focused private equity funds managed by Riverstone Holdings, will make an investment in Three Rivers Operating Company, a private upstream oil and gas company based in Austin, Texas. Separately, Three Rivers will acquire certain assets of Chesapeake Energy Corporation. The

Austin-based Spredfast, an enterprise-class social media management system, has received USD1.6m in series A funding from Austin Ventures.   This initial round of funding will help accelerate Spredfast’s business development and increase brand awareness in the social media management market. “After garnering quite a bit of buzz in 2010, culminating