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Deals and Transactions

person holding up a large red tax word

New Luxembourg/Germany double tax treaty may impact German inbound investment structures, says Dechert

Thu, 10/05/2012 - 10:00

On the 23 April 2012, Germany and Luxembourg signed a new Double Tax Treaty ("the Treaty") which is to replace the previous treaty dating back to 1958. And according to Dechert, the new Treaty may impact on many US, UK and other non-German investors as Luxembourg is often used as a tax efficient jurisdiction for German inbound investments (particularly used by funds, private equity and real estate investors). »

Emmanuel Weyd, Eiffel

EMERGENCE announces first seeding partnership

Fri, 04/05/2012 - 12:42

The newly launched EMERGENCE seeding platform, created in early 2012 with the backing of seven major French institutional investors and managed by internationally recognised seeder NewAlpha Asset Management, has announced its first seeding partnership with Eiffel Investment Group, through its compartment Emergence Performance Absolute. »

Thumbs up

Deutsche Börse completes Eurex takeover

Tue, 01/05/2012 - 16:00

Deutsche Börse Group has completed its full acquisition of Eurex Zürich AG. Representatives of SIX Swiss Exchange/SIX Group AG and Deutsche Börse AG jointly finalised the transaction in Zurich and signed the corresponding closing documents. Deutsche Börse is to pay EUR295 million and transfer approx. 5.3 million Deutsche Börse AG shares to the SIX Group. »

Peter Clarke, chief executive of Man Group

Man sees net outflows of USD1bn in Q1

Tue, 01/05/2012 - 13:40

Man saw net outflows of USD1.0 billion in the first quarter of 2012, reflecting sales of USD3.1 billion and reduced redemptions of USD4.1 billion, according to the group’s interim management statement for the three months ended 31 March 2102. There was a net outflow from alternative funds of USD1.4 billion and a net inflow of USD0.4 billion into long only styles.  »

Closed sign

PineBridge closes USD412.5m collateralised loan obligation

Mon, 30/04/2012 - 06:00

PineBridge Investments, the global multi-asset class investment manager, has successfully closed its latest collateralised loan obligation (CLO), Galaxy XII CLO, Ltd. »

Michael Davie, Chief Executive of SwapClear.

LCH.Clearnet in discussions to expand US footprint with acquisition of IDCG

Wed, 25/04/2012 - 11:28

LCH.Clearnet Group Limited has signed non-binding heads of agreement with International Derivatives Clearing Group, LLC (IDCG) and The NASDAQ OMX Group, Inc (NASDAQ OMX) regarding the acquisition of IDCG. »

Pen signing a document

GFI Group to provide CDS market data to Quick Corp

Tue, 24/04/2012 - 14:00

GFI Market Data, a division of GFI Group Inc (NYSE: GFIG) and QUICK Corp have signed an agreement whereby GFI will supply QUICK with credit derivatives market data as of 23 April, 2012. »

Thomas Book, member of the Eurex Executive Board

Eurex Clearing partners with Pirum

Mon, 23/04/2012 - 14:00

Eurex Clearing and Pirum Systems announced have entered into a Connectivity Agreement to facilitate access to Eurex Clearing’s upcoming CCP service for securities lending. »

Neeraj Sahai, Global Head, Securities and Fund Services, Citi

Citi wins Guggenheim HF mandate

Fri, 20/04/2012 - 06:00

Citi has been awarded a mandate from Guggenheim Investment Advisory, a division of Guggenheim Partners, to provide a complete suite of services including middle office, fund administration and custody for Guggenheim's hedge fund investment platform. »

Julian H Robertson, Jr, chairman and chief executive officer of Tiger

Trient and Tiger focus on Global Macro

Tue, 17/04/2012 - 14:00

Trient Asset Management AS (Trient), headquartered in Oslo, Norway and Tiger Management LLC (Tiger), headquartered in New York City, have announced a strategic partnership to focus on investing in a global macro strategy. »

Sameer Shalaby, President, Paladyne Systems

Paladyne teams up with Advise Technologies to offer HF Form PF reporting service

Tue, 17/04/2012 - 13:15

Paladyne Systems has teamed up with Advise Technologies LLC, a regulatory reporting solutions provider, to specifically support Form PF requirements. »

Orange tick

FTSE licences FTSE 100 Index to National Stock Exchange of India Limited

Fri, 13/04/2012 - 14:00

FTSE Group is to licence futures and options based on the FTSE 100 Index to the National Stock Exchange of India. The licensing agreement will see the exchange launching the new product on 3 May, following recent regulatory approval granted by the Indian regulator. »

Brazil flag

MarketAxess opens office in Sao Paulo

Thu, 12/04/2012 - 06:00

MarketAxess Holdings Inc (Nasdaq: MKTX), the operator of an electronic trading platform for US and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, has opened an office in São Paulo, Brazil. »

Gordon M Nixon, president and CEO, Royal Bank of Canada

Royal Bank of Canada acquires full ownership of RBC Dexia Investor Services

Wed, 04/04/2012 - 09:24

Royal Bank of Canada is to acquire the 50 per cent stake that it does not already own of the joint venture RBC Dexia Investor Services Limited (RBC Dexia) from Banque Internationale à Luxembourg SA (BIL) (formerly Dexia Banque Internationale à Luxembourg SA) for a total consideration of EUR837.5 million (CAD1.1 billion) in cash. Following the closing of the transaction RBC will own 100 per cent of RBC Dexia. »

Lance Uggla, CEO of Markit,

Markit acquires Data Explorers

Tue, 03/04/2012 - 16:00

Markit has acquired Data Explorers, a provider of global securities lending data, from mid-market private equity firm Bowmark Capital. »

Bart Deconinck, Executive Chairman, Vistra

Vistra opens office in Mauritius

Tue, 03/04/2012 - 10:00

Vistra has opened a new office in Mauritius to target the growing opportunities in the region and in particular in the African and Indian markets. Vistra (Mauritius) Limited opened on 02 April, following the granting of a licence to operate as a Mauritius management company by the local regulatory authority. »

Red sold tag

IFG Group sells international division to AnaCap Financial Partners

Fri, 30/03/2012 - 10:00

IFG Group has signed an agreement for the sale of its entire International Division (Segment) to AnaCap Financial Partners II LP. »

Chris Boruff, President of  software division, Morningstar

HFR and Morningstar launch strategic distribution partnership

Fri, 30/03/2012 - 06:00

HFR and Morningstar have launched a strategic distribution partnership with Morningstar Direct Institutional Software.  »

Thumbs up

DTCC successfully completes Greek CDS restructuring credit event processing

Wed, 28/03/2012 - 13:00

Payments on sovereign credit default swaps contracts related to Greece have been successfully completed, according to the Depository Trust & Clearing Corporation (DTCC). »

Pen signing a document

SEC establishes new supervisory cooperation arrangements with foreign counterparts

Tue, 27/03/2012 - 06:00

The Securities and Exchange Commission has established comprehensive arrangements with the Cayman Islands Monetary Authority (CIMA) and the European Securities and Markets Authority (ESMA) as part of a long-term strategy to improve the oversight of regulated entities that operate across national borders. »

Raymond O’Neill, a Founding Member of Kinetic Partners

Kinetic acquires AB Fund Services

Tue, 13/03/2012 - 06:00

Kinetic Partners, the global professional services firm to the asset management, banking and broking industry, has acquired AB Fund Services, the Luxembourg-based fund advisory firm. »

Xavier Rolet, chief executive officer, London Stock Exchange Group

LSE acquires majority stake in LCH.Clearnet

Sun, 11/03/2012 - 10:14

London Stock Exchange Group (LSEG) is to acquire a majority stake of up to 60 per cent of clearinghouse LCH.Clearnet in a deal worth EUR463 million. »

red down arrow

NYSE Euronext Global Derivatives ADV down 21% year-on-year

Fri, 09/03/2012 - 12:22

NYSE Euronext’s global derivatives average daily volume (ADV) of 7.0 million contracts in February 2012 represented a decrease of 21.4% versus the prior year. »

Kenneth J Heinz, president of HFR

Hedge funds post best start to year since 2000

Thu, 08/03/2012 - 14:47

Hedge funds posted their strongest start to a calendar year since 2000, with significant contributions from strategy areas which underperformed in 2011, according to data released today by HFR. »

David de Buck, CEO of Intertrust Group

Intertrust acquires Walkers Management Services

Wed, 07/03/2012 - 10:00

Intertrust Group Holding SA has reached agreement with Walkers Global on the acquisition of its subsidiary Walkers Management Services (WMS), a provider of corporate, company secretarial and fiduciary services.   »

Monique Melis,  Member of Kinetic Partners

Kinetic partners teams up with UnaVista to offer comprehensive transaction reporting service

Mon, 05/03/2012 - 13:31

Kinetic Partners has joined forces with the London Stock Exchange Group’s UnaVista to offer a full-service transaction reporting solution. »

Man talking through loud hailer

Average daily volume of 8.7 million contracts at Eurex Group in February

Fri, 02/03/2012 - 14:00

The international derivatives markets of Eurex Group recorded an average daily volume of 8.7 million contracts in February (Feb 2011: 10.3 million). Of those, 6.0 million were Eurex Exchange contracts (Feb 2011: 7.1 million), and 2.7 million contracts were at the US-based International Securities Exchange (ISE) (Feb 2011: 3.2 million). In total, 179.3 million contracts were traded, thereof 125.8 million at Eurex and 53.5 million at the ISE. »

Man talking through loud hailer

Union Bancaire Privée to acquire Nexar Capital Group

Fri, 02/03/2012 - 10:00

Union Bancaire Privée (UBP) is to acquire alternative investment manager Nexar Capital Group. The combined UBP-Nexar alternative investment group will boast a broader platform, established global distribution capabilities and innovative solutions in the alternatives space. »

orange tick

Morgan Stanley clears OTC derivatives for BlackRock

Fri, 24/02/2012 - 13:56

Morgan Stanley has been selected by BlackRock to serve as one of its primary clearing brokers for over-the-counter (OTC) derivatives transactions. Morgan Stanley acted as BlackRock’s clearing broker for its first live production transactions. »

Peter Rigg, Global Head of HSBC’s Alternative Investment Group

HSBC launches next generation fund for HNW and institutional clients

Fri, 17/02/2012 - 10:00

HSBC has launched a High Net Worth & Institutional share classes for the HSBC Next Generation Fund. »

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