Latest News
Asian institutions are joining their peers in other markets by refraining from making wholesale changes to their portfolio investment strategies in the wake of the global financial crisis.
However, the results of Greenwich Associates’ 2009 Asian Investment Management Study reveal that institutions across Asia (excluding Japan) are reconsidering plans to outsource more of their assets to external investment managers after a year in which many managers fell far short of performance expectations.
Among Asian institutions, average fixed income allocations increased to 68.6 per cent of total assets in 2009 from 62.5 per cent in 2008, while overall equity allocations dropped
Hargreave Hale, a stockbroker and investment manager, has renamed the Keydata Aim VCT and the Keydata Aim VCT 2 as Hargreave Hale Aim VCT 1 and Hargreave Hale Aim VCT 2 respectively.
The Hargreave Hale Aim VCTs invest in a diversified portfolio of equity investments in small UK based VCT qualifying companies, targeted non-qualifying equity investments to boost the fund’s performance, as well as a range of other non-qualifying investments such as gilts, other fixed interest securities and bank deposits.
The rebrand follows the appointment of Hargreave Hale chief executive Giles Hargreave (pictured) to the board of both funds and
Graphite Capital, a UK mid-market private equity specialist, has added to its growing investment team with the appointment of Rachael Whittaker as investment manager.
Whittaker joins Graphite from pan-European private equity house Cognetas, where she was an investment associate focusing on healthcare and financial services.
She began her career as an associate with LEK Consulting in London and Sydney, working on private equity due diligence, post transactional strategy and modelling on projects across six industries.
Rod Richards (pictured), Graphite managing partner, says: “We are delighted to welcome Rachael to the team. Her experience in healthcare fits well with our long
Assets managed by the world’s largest 500 fund managers fell by over 23 per cent in 2008 to USD53.4trn, down from USD69.4trn the year before, according to the Pensions & Investments/Watson Wyatt World 500 ranking.
The fall in assets is the first since 2002 and the largest since the research began in 1996.
Carl Hess, global head of investment consulting at Watson Wyatt, says: “2008 was a dreadful year for fund managers with the majority posting record losses. Even after the strong market recoveries since March this year, our expectation is that values will remain below 2007 levels, meaning
KKR Private Equity Investors and KKR have completed the transaction to combine the two businesses.
Going forward, KPE will be known as KKR Guernsey and its common units will trade on Euronext Amsterdam from 2 October.
Henry R. Kravis and George R. Roberts (pictured), co-founders of KKR, said: “For over 33 years, KKR has prided itself on being an industry leader that does not stand still. KKR has grown into a leading investment firm with capabilities to invest in multiple industries globally and across the capital structure. Our mission is to create attractive returns for our investors. This transaction is
The British Virgin Islands Financial Services Commission has introduced a new electronic reporting system for filing annual fund returns.
Law firm Conyers Dill & Pearman says this will facilitate the commission’s regulation and monitoring of the British Virgin Islands funds industry while providing a significantly more efficient and secure environment for filing annual returns.
The new electronic reporting system supports submissions by segregated portfolio companies as well umbrella structures with improved formatting and the ability to save entries for later submission. The information obtained from the filing is consolidated and used for statistical purposes.
The deadline for filing is 15
Orient Venture Capital, a Vancouver based capital pool company, has received loans totalling CAD40,000 from Asia Select Asset Management and Dwane Brosseau.
The loans bear a fixed interest rate at eight per cent per annum, maturing at the earlier of: 1) 12 months from the date of the advance; and 2) at the time of closing of an equity financing within 12 months from the date of the advance where the company issues shares of its common stock for cash consideration.
Beginning on 30 September 2009, and each 180th day following, the company shall make interest only payments in arrears
Yext, a local internet advertising company, has raised USD25m from Institutional Venture Partners and Sutter Hill Ventures to accelerate the growth of pay-per-action phone calls.
"We are excited to announce this investment and to have IVP as a new investor to help us build the company," says Howard Lerman, chief executive and co-founder of Yext. "We plan to aggressively grow the company and the technology so we can continue to provide the best local advertising experience on the web."
Yext employs several technologies to deliver local advertising. The company’s service, YextCalls, is the first system to send local advertisers pay-per-action
Devcon International has completed the sale of the company and all of its subsidiaries to Golden Gate Capital.
Devcon will continue to serve its customers without interruption. The closing of the transaction represents the culmination of a recapitalisation process that began in October 2008.
Devcon’s wholly-owned subsidiary, Devcon Security, is a provider of installation, monitoring and related electronic security services, currently monitoring more than 140,000 commercial and residential systems in Florida, New York City and Staten Island.
Robert Farenhem, president and chief executive officer of Devcon, says: “We are delighted to have Golden Gate as a partner. The closing of
Appleby, an offshore legal, fiduciary and administration service provider, and Dickinson Cruickshank, the largest law firm in the Isle of Man, have formally completed their merger which was announced in June 2009.
The firm will now be known as Appleby in the Isle of Man.
Appleby is the first global offshore law firm to have a presence on the Isle of Man and is now the largest global offshore law group by number of partners.
The global group now has 74 partners and 200 lawyers, and a total of over 800 staff in 11 offices worldwide including Bermuda, the British
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
