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The California Hedge Fund Association (CHFA) has adopted the California Alternative Investments Association (CalALTs) as its new brand name.
The 1,200 member organisation, which focuses on fostering growth and advancing the development of California’s alternative investment community, rebranded in response to the strong demand from a broader group of alternative investment managers and a new focus on bringing together and serving a wide range of alternative investment managers across the state of California and beyond.
“As California continues its exponential growth as an alternative investing hub, we have expanded our mandate to represent the interests of, and foster growth
Global Loan Agency Services, the UK parent of the global GLAS companies, has now received US regulatory approval and the newly chartered GLAS Trust Company will be regulated by the State of New Hampshire.
Regulation as a trust company will allow GLAS to conduct its activities through its headquarters in London as well as internally in the US on such transactions which require the Trustee to be a state-chartered fiduciary under the Trust Indenture Act.
This will allow GLAS to further diversify its current product offering to operate in the traditional corporate trust market, which itself has gone through
Teton Advisors has acquired certain assets of Keeley Asset Management Corp (KAMCO), a pioneer in small and mid-cap value investing founded by John L Keeley, Jr in 1982.
Serving as the acquisition vehicle is Keeley-Teton Advisors, a newly formed and wholly-owned subsidiary of Teton. At closing, the combined firms have USD3.8 billion assets under management (AUM).
Keeley Teton, headquartered in Chicago, is led by Kevin Keeley, executive chairman, and Robert Kurinsky, president and COO. As a result of the merger, G Distributors, a wholly-owned subsidiary of Gabelli Funds, will distribute the Keeley Funds.
Nicholas Galluccio, chief executive of
Perella Weinberg Partners has appointed David Azéma as a partner in the firm’s advisory business.
Azéma will lead the firm’s investment banking practice in France, providing strategic and financial advice to clients in the country. He will be based in London.
Azéma joins from Bank of America Merrill Lynch, where he was chairman of global infrastructure and vice chairman of global corporate and investment banking for Europe since 2014.
From 2012 to 2014, Azéma oversaw the French government’s holdings in strategic companies, including inter alia EDF, Engie, Orange, Renault, Safran and Airbus, as head of Agence des participations
A technology business has launched a new way of matching firms starved of cash with businesses who are willing to purchase their invoices.
PeerPay has developed a cloud-based platform that links the larger, cash-rich firms within an accountant’s client portfolio with smaller, client companies within the same community looking for money to grow.
The brainchild of founders accountant David Ireson-Hughes, Michael King, an experienced financial services executive, and Alan Burns, an experienced technologist, the platform – called FloFunder – is a new twist on the traditional peer-to-peer invoice finance model.
It enables small businesses to ‘sell’ verified invoices
The Channel Islands Securities Exchange (CISE) has made two changes to its board of directors.
Stephen Lansdown (pictured) will step down from the board with effect from the annual general meeting in June to focus on his other business interests.
Isle of Man-based Anderson Whamond has joined the board with immediate effect.
The announcements come after an extraordinary general meeting where shareholders of the CISE approved changing the company name to The International Stock Exchange Group (TISEG). This is part of a wider rebrand of the exchange to The International Stock Exchange (TISE) with effect from 6 March
Cyber-security software firm ZoneFox has closed a GBP3.6 million Series A funding round led by Scottish business angel investment syndicate Archangels, with co-investment from The Scottish Investment Bank and TriCap.
Based in Edinburgh, ZoneFox focuses on providing security systems that effectively combat the growing issue of insider threats to businesses across the financial, pharma, gaming and other business sectors.
Its customers include healthcare firm Craneware, Zenith Bank and Rockstar Games.
It recently launched a new machine based learning solution, called ZoneFox Augmented Intelligence (AI). The product has been created over the course of six years and is targeted
The Institutional Limited Partners Association (ILPA) and CEPRES have teamed up to deliver the PE.Analyzer Due Diligence System to ILPA members on a global basis.
Under the agreement, ILPA members have immediate access to a complimentary, enhanced and exclusive version of the platform, with the option to upgrade to more advanced versions at a discounted rate.
“It is a privilege to partner with the only global organisation that exclusively serves the LP community,” says Dr Daniel Schmidt, CEO and founder of CEPRES. “We share a deep appreciation for the important work limited partners perform on behalf of their beneficiaries
Boston Private, a provider of wealth management, trust and private banking services, has appointed Mark Shang as the west coast leader of its private partnership practice.
In this role, he will oversee a team of professionals dedicated to meeting the cash management, lending, wealth management and trust needs of private equity and venture capital firms and their executives.
“Mark is a talented leader who brings over two decades of financial services and private equity experience and expertise to our Private Partnership clients,” says Gerald Graves, executive managing director, Boston Private Wealth. “We’re excited to have him on board and
Apposite Capital, an independent investment firm focused exclusively on healthcare, has acquired the UK social care division of Mitie Group for a cash consideration of GBP2.
The division consists of the domiciliary care and homecare businesses, Enara Group and Complete Care Holdings.
In addition, Mitie will contribute GBP9.45 million to the funding of trading losses and the cost of the turnaround plan. This will be paid in two tranches with the first (GBP5.4 million) on 1 April 2017 and the second (GBP4.05 million) on 1 July 2017.
Enara, trading as MiHomecare, provides care at home for people who
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