bfinance has completed a management buy-out which gives the management, led by founder and chief executive David Vafai, ownership of 100% of the company.
The firm - which offers consultancy as well as manager search and selection services - said the MBO was funded by BMS Finance and provided an exit for the firm's venture capital funders, The Carlyle Group...
GAM Investments has begun the liquidation process of a number of its absolute return bond funds following the suspension of one of its lead fund managers.
Pension schemes are being urged to brace themselves for more volatility in the fixed income markets next year and to expect smaller returns from government bonds.
Consultants "love" diversified growth funds (DGFs) because they are complicated and difficult to compare, Spence Johnson director Nils Johnson says.
Macro Currency Group's Ashley Shaw discusses absolute returns.
Institutional investor concern over hedge fund transparency is driving up risk management standards, leading the industry to become more "institutionalised", an SEI report finds.