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Intelligence

SEC charges Goldman Sachs with fraud over USD1bn sub-prime mortgage CDO losses

The Securities and Exchange Commission has charged Goldman, Sachs & Co and one of its vice-presidents with defrauding investors by misstating and omitting key facts about a financial product tied to sub-prime mortgages launched as the US housing market was beginning to falter. The SEC alleges that Goldman Sachs structured

New mutual funds act for the British Virgin Islands

Funds incorporated in the British Virgin Islands will now have further legal and regulatory support following the enactment of the Securities & Investment Business Act.  The Act, which became law yesterday, codifies some of the practices already undertaken by funds domiciled in the BVI and introduces laws to regulate investment

Emerging markets private equity team joins CMS Cameron McKenna

Law firm CMS Cameron McKenna has expanded its private equity capacity by hiring a seven-strong private equity/corporate team, including three partners. The team comprises key members of the “flying squad” that handled CEE/emerging market cross-border private equity backed M&A transactions in the region for Linklaters until 2007. The team is

Accel Partners hires Adam Valkin in London

Venture capital firm Accel Partners has hired Adam Valkin in its London office.  Valkin joins Accel Partners from Endemol Group, a provider of entertainment programming and the world’s largest independent production company, where he was the global head of digital media and new business.  Prior to that he had nine

AIC Ian Sayers

HgCapital first investment trust to use new tax framework

The Association of Investment Companies has welcomed the announcement that the first investment trust to use the new tax framework to stream income has reported its results.  HM Revenue & Customs introduced the new tax framework, which allows investment trust companies to invest tax-efficiently in bonds and other interest producing

Charles Gottdiener joins Providence as managing director

Providence Equity Partners, a private equity investment firm specialising in media, entertainment, communications and information companies, has appointed Charles E. Gottdiener as a managing director focused on the firm’s portfolio management activities. Gottdiener joins Providence from Dun & Bradstreet, a source of commercial information and insight on businesses, where he

Handshake 2

Genstar names Robert Sheehy operating partner

Genstar Capital, a middle market private equity firm that focuses on investments in the life science, healthcare services, software, financial services and industrial technology industries, has appointed Robert J. Sheehy as an operating partner and member of its strategic advisory board. Sheehy served with UnitedHealth Group for more than 20

A.G. Lafley joins Clayton, Dubilier & Rice

Clayton, Dubilier & Rice has named A.G. Lafley, the former chief executive of Procter & Gamble, as a special partner. Lafley (pictured) has joined Clayton, Dubilier & Rice less than two months after retiring from the consumer products company after more than 32 years. Clayton, Dubilier & Rice, a private

Moelis appoints Ted Yun as a managing partner

Moelis Capital Partners, the private equity business of Moelis & Company, has appointed Ted Yun as a managing partner. Yun, who will be based in New York, brings 20 years of investment experience and expertise in building and managing private equity firms. Yun has particular experience in the healthcare services,

Akin Gump R

Akin Gump expanding to Geneva

Law firm Akin Gump Strauss Hauer & Feld will open an office in Geneva on 1 May 2010, expanding its international footprint further into Western Europe.  Charles C. Adams Jr. will head the new office and will be joined by partners Jonathan Ivinson and Michael J. Stepek, along with a

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