Deals and Transactions

SEI has been selected by Asset Value Investors (AVI) to provide full fund administration and trustee and custodial services for the investment manager’s new Irish Qualified Investment Funds (QIFs).   »

SVM Asset Management, the Edinburgh based investment boutique, has launched a strategic partnership with Level E Capital, an Edinburgh based hedge fund. »

Punter Southall Group has taken 100 per cent ownership of fund management boutique PSigma Asset Management. »

NYSE Euronext and Deutsche Borse have both agreed to a mutual termination of the business combination agreement originally signed by the companies on 15 February, 2011. »

The global mining giant Xstrata plc has confirmed that it has received an approach from and is in discussions with commodities giant Glencore International plc regarding an all share merger of equals “which may or may not lead to an offer being made by Glencore for Xstrata.” A combined group could be valued at about USD82 billion. »

NYSE Euronext announced today that in light of the decision by the European Commission to prohibit its proposed combination with Deutsche Boerse, the companies are in discussions to terminate their merger agreement.  »

In January 2012, the international derivatives exchanges of Eurex Group recorded an average daily volume of 8.2 million contracts (Jan 2011: 10.4 million). »

The National Futures Association (NFA) and MarketAxess Holdings Inc have entered into an agreement that paves the way for NFA to perform regulatory services for MarketAxess' planned swap execution facility (SEF). »

Fund administrator GlobeOp is to be acquired by private equity firm TPG Capital in a deal worth around GBP508 million (USD800 million). »

BNP Paribas, following a competitive tender, has implemented a mandate to provide fund administration to Equinox Fund Management (Equinox), a US alternative asset manager with more than USD1.5 billion in assets under management. »